You are viewing a single comment's thread from:

RE: The Hive early adopter fallacy

in LeoFinance5 years ago

The reality is though, I know very few first 3 month account holders that are active on Hive.

You probably know more than you think, but there aren't that many out there active that still have stake. A lot of the early adopters cashed out and never got back into the game, they became "investment shy" even when prices went from 2.50 down to 6 cents - they never bought back.

The advantage is for those that have the extra funds, or can scrape up extra funds for actual investing, and that have the stomach for making the investment.

Yes. And this is why so many people aren't willing to buy, as their life doesn't allow them to, but that isn't the fault oif Hive or the industry. If anything, crypto is their opportunity to get into investing at a level they can't elsewhere with very little capital. Hive allows for some building with no capital.

. I can wait. I was sad to see what happened on/with steem, but I have made the transition to Hive, and will continue with my 5 year plan, (2 to go), and see where things are then.

A five year plan is goood and in 2, we will see what the next 5 will hold for us :)

!ENGAGE 20

Sort:  

Steem/Hive was my introduction to Crypto Currency. I am learning, and have built a small nest egg, whether that will grow or be worth anything is for the future to decide. If it works well, it could be a bonus to my social security, if mot I only lost 200 or so dollars.

Yep, it is a funny thing that with 5000 Hive, you could be very well off in the future or, it will be nothing. A few years from now, it will be one or the other.