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RE: What's Your Exit Strategy?

in LeoFinance4 years ago

I powered down and sold my 7000 Hive and my legendary gold monster cards in early 2019 to buy a relatively unknown sports utility coin called Chiliz. It went from 2 cent to 80 cent. Made a packet from it. I was delighted with my move. I took a sabbatical from Hive as I was disappointed with the whole Steem Hive political battle and I thought both places were doomed tbh. . Came back and turns out I would have made more from my high level monsters than I did for Chiliz. But those are the breaks. I am not sore as I still did well. There is alot going on at Hive and I think everyone in Hive is of the opinion it should be worth $10. But people over at Thorchain think the same about their little ecosystem , same with the CRO groupies and so on and so forth. Sometimes we get caught up in the Hive ecosystem too much. If you look at the crypto coins that were around 3 years ago and compare with today then there is some difference which makes me uneasy around the whole thing. One fork goes wrong and we could be smoke so everyone needs an exit strategy. But I feel with Hive it is more than a rewarding hobby than a money making opportunity. Will it ever go to the dizzy heights of say $10? I'm not quite sure about that. But a second layer token like Leo for example might so it is an interesting one. The thing about Hive is that if you post regularly and build up a little network for yourself then you end up not investing much. Just power up the rewards should be enough to grow organically. So it's basically free money so an exit strategy is not as urgent as one that you invested cash into