Putting all my eggs in a single basket
People usually say not to put all the eggs in the same basket. Sometimes I used to wonder if the type of basket and the size of the basket mattered. Even if the size of the basket is huge and if we drop only a few eggs in that basket, there is a high chance that the eggs would interact with each other while carrying and breaking. Only on a congested basket, having more eggs would be a problem.
I usually think that Hive has always been a great investment for me. I have spent a lot of time here learning so many things. Some people used to tell me that I should also be exploring other blockchains. I know a few friends who are making decent money out of Ethereum but they don't have a community other there. This is not the case in Hive. We have a very strong community on Hive that supports each other and helps in the growth of individuals and investors.
If we take the core layer of the blockchain, it provides two amazing coins with great returns. Hive is valued less right now and investing in Hive would give a great return when the bulls return. For people who want a better and safer investment, they can invest in HBD and get the juicy 20% APR from that. But there is a high possibility for Hive to explode anytime. Many people are estimating the price of Hive to reach 10$ per coin easily.
Hive is a huge basket
I personally would like to compare Hive with the basket here. There are so many opportunities inside Hive and especially it is one huge basket that has so much room for exploration. Even if a person would like to quit from a project, they don't have to leave Hive completely, they can always switch to another project on Hive. There are so many opportunities on Hive.
Ever since Hive started, I had huge hopes for Hive and would continue to have. I personally think of Hive as my key to financial independence. Many people have this thought to get financially free. Hive provides so many opportunities for that. Some people would still say that we are only in the early stages and there is a huge road to walk. Only now some new projects are entering Hive and we still consider this as too early. Imagine we are here during the early stages and see the blockchain mature so much in the coming years.
We all know that early bird gets more prey. It is kind of true. I personally had a lot of opportunities for joining Splinterlands during the early stages. Even today, even though I'm not playing the game it still provides me with some good earning opportunities both passive as well as active income. There are other projects too that have this potential on Hive.
HBD is a sleeping giant
Not many people in the crypto world know about this sleeping giant. Many people know that as a stable coin inside the Hive ecosystem but people should also know that it is the one that gives 20% APR to its holders. I try to spread this word with my friends in the real world but they don't listen to me. A few friends still wanted to invest and see how it goes. I'm helping them out.
There are some new games under development that are backed by HBD in savings. People plan to keep enough HBD in savings and run the show the returns that come from the 20% APR. We have to understand that 20% APR is not a fixed one. Currently, the witnesses have agreed to keep the APR at 20% but there is a high possibility that the percentage can go down based on the need and the witnesses' decision. They usually decide based on what is good for the chain. Currently, 20% APR is not doing any harm to the tokenomics so it is looking good. In the future, it can change. We have to make use of the opportunity when we have it.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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Posted Using LeoFinance Alpha
currently the strength of Hive is its community. perhaps right now this strength is found nowhere else. you are right when you say that currently the Hive eco system is like a big basket in which there are so many things to choose or try
Hive is a wonderful platform and I think when you have a plan and relying on Hive for gaining financial independence thats all yours to make and choose. Hive has the favourable conditions for solid investments.
But, I hope while more improvements in the policy would be stalled and it would be a real chance to avail and secure.
👍
One should never make this mistake, we did the same thing, we put all our money into a project and today it is almost dead because that project is now people don't like to play it at all, due to which their prices have come down.
I also think so. I believe that I need to consistentally give some years and after that I can earn without doing anything also. It's so-called financial freedom I think and I will make it happen.
In case of HBD it provides 20% APY which is good but still I prefer to keep my asset as HIVE token because I think the future price value of it will be high.
Hive has provided that opportunity for many communities to bring in and introduce project that keeps benefitting users to explore. I totally agree with you that Hive is a big basket with numerous opportunities. Even if one decides to stop creating content to earn tokens, there are still other sweet ways to make passive income. Where can we see such opportunity? I bet, none!
People who are still ignoring the potential Hive has will come to realize how unwise they have made such decision.