Today I was talking to two of my friends regarding the Hive blockchain. The first discussion happened in the afternoon when I was talking to an old friend who switched his career completely towards crypto and wanted to settle in a crypto-friendly country so decided to settle in Singapore. This is a good thought but lots of planning might be required to make this a success. Today he is living out of his passive income. He is also complaining about the crypto winter but is confident that Hive's price will go to the next level.
I have tried a couple of times in the past to make him join Hive and understand everything we have inside Hive but it is hard for people who are familiar with other chains to get used to Hive. The base blockchain concepts might stay the same but the efficiency is calculated only based on the demand and supply.
Hive is stable
The second investor is a long term investor. He has already purchased Hive and has been holding Hive since then. I have explained to him about Hive for a long time. He said he did not want to explore crypto by himself and that is how he was able to get into this and clear off all the debts soon.
My friend gave me the money and he occasionally ask for the money back. We do a price check once in a while and just because we were together today, I was able to tell him a lot of things about Hive and how the current price of Hive is the best price to purchase. He was convinced and said that he was willing to purchase Hive with money from the real world by next month. This is a good thing.
The main reason is that Hive is a stable source of income. The value of crypto appreciates by 10 percent every year. The more crypto we hold, the more rewarding it will be in the next bull market.
Passive investors are also important
This friend of mine is a passive investor and usually does not care about the outcome of his contribution. But whenever there is chance, he invest more and does some DCA. This was very good and that's one of the reasons why his portfolio is looking the same and have not depreciated even though there was a bear market and we still have the bear market.
Active investors are good but at the same time active investors can sometimes get busy. Being a passive investor is the other strategy where if we are unable to spend enough time managing our crypto portfolio it is good to allow someone to handle the account. That's how the passive investment happens and the rewards are also distributed like that.
Today when I was talking to the investor, I told him that his invested value has not gone down ever since he invested. That's one good selling point. The reason is that when the price keeps falling, the invested value will not go further down than what it used to be. There will be a strong resistance. I told him that it was a great investment opportunity and he was happy to share some more money in the next few days to invest in Hive.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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