That's just gambling. You're assuming the price of Hive is going to drop.
Again, gamblers lose 90% of the time, so that would be a disservice to the community.
That's not gambling...it's crypto. Whatever spikes suddenly it usually cool off a while later. And it did. Only took a few hours
I suspect it would have been just as truthful to say, "of course it's gambling. All investment is gambling. But you're not my dad so why should you get to say whether my choices of what to do with my money are good or not?"
The implicit assumption made that the price of Hive will never drop is far more dangerous, in the long term, and letting individuals decide whether they want to take the risk, hedge their bets, or pull out of the market. That's a level of paternalism I suspect that both of us are uncomfortable with.
Oh look at that Hive just spiked up to 60 cents... your theory already fell flat on its face. :D
You got dem bear market goggles on, friend.
Not 100% sold on this post, but must say you called the HIVE bottom well. In November I was sobbing that I was down 99%, and there didn't seem to be any end to it, and you were right to say we were near the bottom. HIVE is up 5x from there. It can go another 10x or 20x from here before end of the year imo.
Really because now it's back down at 50. All I am saying is that we could take advantage of these price swings even with our entire stake...
20% up...then 10% down then 30% up ...then 20% down...
You could have doubled your stake in one day if you sold the tops or near the tops and bought back in near the previous bottom