After the massive dump of Hive, it was hard to see our newborn baby going under the top 100. I already stated my opinion on that and called it an obvious dump from Justin and his gang in order to make them stand as the stronger coin. (dumping Hive, and pumping steem and freezing large steem-stakes).
Anyways, it seems like our coin actually is climbing the ranks once again! (currently sitting at rank 84 with an increase of about 20% over the last 7 days. That is beautiful.
I believe most of the buyers are coming from people leaving steem. It just makes sense people who already invested in steem would reinvest into Hive, increasing both the quantity of the stake as well as the value of the coin.
I myself are having as we speak about another 10k hive coming in. It is not a secret I also took some profit from the steem (about 1000 Dollars), so I could get myself a new bike for my coming adventures. I see it as an investment in my future blogging on Hive ;)
How do I see my Hive and Steem investment?
I kind of see Hive as my current investment and Steem as a profit I got from investing. So whatever I do with Steem is a win in my book. Currently, it seems like I split the steem I am rapidly selling into fiat and Hive. (the Fiat because I am waiting for another dump of Bitcoin to reinvest) and Hive just because I am aware it has the most potential as a future investment that could potentially shape my life.
If I were to dream a little bigger reinvesting it all into Hive would probably have the likelihood of giving me massive freedom down the line.
Now, this is a dream, but I remember envying those guys sitting at 30+ k SP and having that nice passive income going for them. (At that time steem was 1+ dollar).
Right now, I feel like this is an opportunity to maybe get in on that. I would love one day to see Hive going to past steem prices so I could get some really juicy curation rewards. That would be enough for me to pretty much cycle the world whenever and wherever I want.
AHh well, one can dream and I am aware one should not always bet on a dream. But I have always been an optimistic person.
I know Hive is not without its flaws and many times I am faced with the hard truth that Hive as a project might never go anywhere, mostly because of human nature. Not gonna go into details but I have seen quite some emotional/irrational reactions from even top witnesses and investors that I would have wished I didn't see. That's a real shame. I just hope those we have on the top will be doing more good than bad, (luckily it still seems like doing more good!)
Picture of me out ther hiking because why not?
I guess that is where the speculative nature of investing comes in. There's always a risk of failure and a chance of reward. Probably with the case of Hive, the risk vs reward are in the extreme ends.
I see don't see Hive as money for me to take, in fact, I have found myself much more interested in seeing it as almost a social experiment and yes, if that experiment proves successful it could possibly mean my little dream of a little more independent of jobs and whatnot, also would be possible. Not that I don't already have a free-spirited mind and I often do crazy long travels anyways, would just be nice to do them exactly whenever I feel like;)
But ahh well, one can dream, am I right? Thanks for reading all my rambling once again!
What is your dream?