Hi Galen, until I did not know platforms like Hive, I was not aware of how important is for many people the income generated on the web 3, some of those people I know and when Hive's price drops it leaves me worried. For my part, yesterday I bought a few (very few) Hive taking advantage of the market drop.
Best regards.
It all seems so great when the "money" is flowing but as you say, those who are living off it would be in trouble if it stops, especially if they're not making any efforts to build financial security in other ways. Living off Hive at such paltry prices seems crazy. I remember when it was much much higher and I think it'll go there again at which point those spending it now will which they hung onto it.
From what I know there are people for whom Hive is a help, but for others it is life. For my part I continue to trust Hive, and I also believe that the value will go up, the question is how long it may take to recover what has been lost. And here I am again concerned about people whose lives depend on the value of Hive. I also think that the drop in the value of cryptocurrencies should be a lesson not to forget. We should not bet our whole life on a single number.
I wonder what they did before Hive.
Remember the global financial crisis in 2007-2009? It broke many people who had put their finances into one particular thing, and even when they diversified as well. In respect of Hive/crypto, I understand how people come to rely on it, but I don't think it's a good idea.
I remember it very well, he caught me with an apartment recently bought at a high price and which a few months later was worthless. As it was not a speculative purchase nothing happened, after 20 years I recovered the purchase value. But I also remember some family members and friends who really had a hard time investing more than they could and suddenly found themselves almost ruined. I think that many young people in Hive lack this kind of experience, and for some reason they think that everything is going to be fine, always. That life is there to serve them what they want at any time, and without trying much better.
I think that many young people in Hive lack this kind of experience, and for some reason they think that everything is going to be fine, always.
Yeah, the foolishness of youth or inexperience I guess. The concern here is that people seem to have lost their ability to learn these days, want instant gratification and daily to see past their immediate needs. They'll learn though, the hard way.
So many people were ruined in the GFC, it was a terrible time and I know people who are yet to fully recover, some never did or will. Sadly, I think we're on the way to these troubling times again and people are even less prepared than they were back then. People will find out just how bad things will get in time...I've been preparing for it for years.
It's good to hear you were able to recover but 20 years, and I reckon a lot of hard work too huh?
The truth is that the little I may have is earned with a lot of effort and without anyone's help, which fills me with pride. I rectified a youth thrown away by working during the day and studying at night. And, I see with sadness, that as you rightly say, there are people who are going to learn their lesson the hard way. And I am not very optimistic about the times to come.
You set a good example for others to follow and yet how many would? The fact you're proud of your efforts is a good thing, you deserve to be.
Thank you very much Galen, my life is full of mistakes. But I have also shown myself to have the capacity to fight and the will to rectify. I think this is related to the values I learned from my family. I thank you again for your words, thank you very much.