For those of you who were around back in the Steemit days, I'm sure you remember @exyle's daily vlog posts. No matter what was going on with the price of STEEM, whether it was going up or dropping like a rock, one thing you could always count on was his daily post announcing that he had bought some more STEEM. Those were fun. The man was so incredibly positive about things. Shame he doesn't post on Hive anymore. But I guess I could say that about a large number of people who never made it over here after the fork.
Anyway, to borrow the phrase he used so much in his posts, "I bought some more HIVE". Well, I've been buying it since it started to dip. It's a gamble, sure. Hive the network could die, and HIVE the crypto with it, as all the doomsday users keep predicting. And if so, I'll be sad, more so at the loss of this great place than my money lost, but certainly that too. But I don't think it will die, at least not yet. And anyway, you know what they say: no risk, no gain.
Bitcoin has broken through and become known to almost everyone, it's became a normal asset that anyone can invest in with the ETF and is, and with the next bull run it may become even more well-known, in demand, and lead to even more eyes on crypto. Of course that could be good and bad. More investor eyes on crypto means more regulation. But that double-edge to the sword is always present in all things, and if we want the one, we have to accept the other. At any rate, the point is with the next bull run and the increased visibility of Bitcoin, this has the potential to bring a lot more users to Hive. I know, I know, we've said that before. It hasn't come to fruition yet; the potential remains, however.
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It all goes back to I bought some more HIVE. And if/when it falls in price more (as it is again while I write this) I'll buy more.
Will it be a good move or a bad move? Time, I suppose, will tell.
❦
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David LaSpina is an American photographer and translator lost in Japan, trying to capture the beauty of this country one photo at a time and searching for the perfect haiku. He blogs here and at laspina.org. Write him on Twitter or Mastodon. |
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