HIVE
Hive has caught me by surprise. A few days ago, I saw a tweet about Hive being accepted on Huobi.
The pump has begun. At the moment it's price is hovering at around 80 cents.
I tried inserting a chart but it couldn't so I will put that in another post. It has risen quite rapidly. It's still not too late from my view to invest in Hive. From my investing experience, its hard to tell if its going to constantly rise.
It has risen too steep and too fast. There are reasons for this too.
- Sudden influx of new users on the Hive platform.
- Higher interest for the Hive token.
I am however, bullish. I have not seen this rapid of a rise in a long long time.
If only I had a time machine, I could head back a couple of days and dump 1600 USD. By this time, it would already have headed upwards to 8K USD. Huge earnings in just a few days.
However, there is Bitcoin's halving which is an important catalyst in maintaining the price of Hive at this level.
I am looking at things from an analyst and charters perspective as I have no idea how the reward system of other things in Hive works. I leave that to the experts.
My own strategy is to just keep as much Hive as we have at the moment.
Bitcoin is halving in less than 3 weeks. From my own estimation, Bitcoin could be worth around 55 k in a year and the half. Hive would probably be worth at 20 per Hive or at least around 5 per piece.
Today is the day that I've spent loads of my time checking out the price for HIVE
Initially, I thought, neh. I could get a DJI Tello with the Hive I have at the moment, then as it hit 90 cents, it's gonna be GOPRO 8.
My ultimate Vlogging tool.
During this lockdown, i've been having thoughts of what my life should be in the future.
I've always thought of wanting to have investments work for me.
Currently, I don't have enough to make it sustainable.
Hopefully, after this Bitcoin halving event, I would generate enough as capital to invest to make investing my main income source. I had tried to put pictures but it has failed a couple of times. Will be writing more pretty soon.