IS BUYING HIVE CONTRARIAN INVESTING?

in LeoFinance3 days ago (edited)

A couple of my friends on Hive think I’m an idiot. “you are an idiot” they like to say. The reason for that is because I am holding a big stash of Hive.

image.png

Like a lot of people on Hive at the moment they keep saying “Hive is just like Steemit, Hive is big circle jerk, Hive is dead in the water, everything else is going up but Hive isn’t, Leo is doing better than Hive, and because everything is doing better than Hive you should sell it and buy everything else”

They certainly have a valid point looking at the prices this week, but that is not how I operate. I am a contrarian. (that is a bit like being a rubber fetishist – rare and unusual)

image.png

Hive is one of my biggest crypto investments, but it’s not the only one. Bitcoin is my biggest and I have 10 others. But it’s Hive that I have the most attachment to, which is sometimes a bad thing with investing. So when it comes to Hive I may well be an idiot...

Is there any logic to my stupidity? Here is my current thinking on Hive:

  1. Underlying everything, and despite, or maybe because of all the bullshit on Steemit, Hive is a brilliant idea that has now been well developed and tested.

  2. If the new front ends like Leo and 3Speak do really well (and I think a bunch of them will) that doesn’t replace Hive, it makes Hive more essential. Hive may not be out front getting noticed, but it could be the foundation for an entire revolution in internet use.

  3. As a cryptocurrency for actually using, Hive is the easiest. I can send or receive most cryptos, but if someone wants to send me a payment and asks which crypto I prefer, if they are on Hive, I will say Hive. Bitcoin would be way down the list. If they are not on Hive I usually choose Dash, because I have a soft spot for it and am holding some so it’s convenient. But Hive is my first choice crypto for actually using – it works really well.

image.png

  1. I see 10 cents as the bottom out level for Hive price, and don’t expect it to go under that. I could well be wrong, but at this stage it seems to be a resistance point. So there is not much downside.

  2. Hive is the only crypto I’m holding that I use everyday. And because of that, I see what is going on with it, as well as actually enjoying my investment. I’m holding a bunch of Etherium, but have never actively used it, and it’s no more exciting than holding some shares. I do think it is a good investment, and I’ve done very well on it, but there is no personal connection.

  3. I think the current price is low and it is on the brink of becoming the next big thing. And when it does, it will go up fast. Yes it has gone down for six months, but so did Bitcoin! One of the tricks to investment is to see the opportunity that other people are missing. Right now I think it’s a good time to buy Hive so I have done so. My current holdings are 155000 and the average cost of them is approx 16 cents. So I am down at this point and could get totally spanked, but if this turns out to be a good call I will do well.

In the past I’ve had more wins than losses on cryptos, but I don’t usually post about them. In this case, improving the sentiment on Hive is in my own interests, so clearly this is far from impartial advice.

But yeah, I think Hive could climb big time.

image.png

Posted Using LeoFinance Beta

Sort:  

For me it’s the convenience of Hive over other currencies. See, even just by posting this comment any upvotes it gets generates Hive. You can buy and sell other in the short term, but Hive where I get paid to post blogs.

Not to mention the various games on here, like Splinterlands, etc.

And you have just earned an extra 0.01 Leo!

Posted Using LeoFinance Beta

It's all I'm buying now, the ship seems to have sailed just about everywhere else.

Yeah, I've packed my bags and am strapped in for the ride now - holy crap watching the boats taking off is a buzz isn't it?

image.png

https://www.youtube.com/watch?reload=9&v=RgZoc99Exek

damn, I want that boat!

I agree with you completely. Everything you spell out in this article is spot on. People need to step back further and see the big picture with Hive. Plus, when you have people like theycallmedan doing what he is, it really says a ton about the future.

Hive is a builder's chain. It is not based upon speculation or pumps. Yes I do believe the token price is not keeping up with the development but, alas, that is markets.

Either way, there is a huge future ahead for Hive and those who spent their time blasting it will look back ruefully.

I am highly confident that Hive will get to the point where people will wished they had more.

Posted Using LeoFinance Beta

After doing this post I listened to this audio - very inspiring:

https://peakd.com/hive-181335/@theycallmedan/zlfmotmi

image.png

Posted Using LeoFinance Beta

I feel the same about hive <3

@tipu curate

Thanks for the shout out, here is a bonus goat!

image.png

Posted Using LeoFinance Beta

I too think hive will change and before long people will be falling over themselves to buy hive

Is that a picture of planet bit coin?

Don't be a sheep be GOAT with planet hive

Yes, goats are smarter than sheep, but really I'm aiming for fox!

image.png

Posted Using LeoFinance Beta

Investing in hive right now, is for both contrarians and retards - that's why I just bought a shit tonne of it.

If I'm lucky enough it will moon and then pay for some rubber fetish, that I can gift to you as the rare and unusual man that you confess to being.

image.png

Whether we are seen as genius or retards all depends on how the price goes from here doesn't it?

image.png

Posted Using LeoFinance Beta

What goes up, must come down. What comes down, eventually goes back up.

I'm very happy for you with the bitcoin spike btw. I assume you got in very early, which makes it even sweeter!😉

image.png

Yes I bought some at $3500 and some more at $4000 so it's doing well

A couple of my friends on Hive think I’m an idiot. “you are an idiot” they like to say.

Who are these people?... I'll get 'em for ya!

One of them is a freak who calls himself Lucy...

image.png

....does he not understand the difference between being called an idiot and having an addiction....? Durrr!

All negative feedback is demeaning and offensive!

image.png

You need a therapy session - or 50! lol

Why would you associate 'addiction' with negative...?

I have no idea...

image.png

lolol - addiction has a bad reputation.

Don't blame the gun, blame the shooter. (shooter upper in this case)
The psychology behind destructive addictions is the issue - not addiction per se.

I yet to meet a successful person who's not an addict...

What is cracking me up this week is that while Bitcoin has gone up 15%, Cardano has gone up 46%. I suspect the people who said I was an idiot for buying Cardano when it was down haven't noticed yet!

And I have 10k x more units of Cardano than Bitcoin - is that another sign of addiction I wonder?

Hive has some problems. But other cryptos too, like transaction fees.

IMO Hive can easier fix all problems than most other cryptos. But this makes it also more frustrating to see nothing important to get fixed.

Also, hive can fixes real-world problems and also earn real-world $$$ because of content and advertisement (web 2.0 makes billions with it).

Is like all-new tech, high risk / high reward if it works out.

Posted Using LeoFinance Beta

I'm hoping the new front end developments will gets things firing

Posted Using LeoFinance Beta

What good is a hive with no bees? Need some honey to attract them... maybe..

Bees will swarm when honey is worth over 50 cents each!

image.png

Posted Using LeoFinance Beta