I give you twenty eggs and tell you to make some money at the market. You have a long and perilous journey to get to the market with lots of difficult decisions.
You can pile of of those eggs into one basket and move forward with a heavy and difficult load. You only have one chance to make it to the market and make a profit or you starve.
If you can make it one one trip then it will have made you the most money as it was faster and more efficient. You will get 100% of those eggs to the market and be very happy with your gains. It's a shit or burst kind of situation.
We all know the old saying.
"Don't put all of your eggs in one basket, in case it breaks."
I wrote a few days ago about Hive becoming a full time job at these prices and got a great response from the community.
This was one response that made an interesting point and the basis of this post.
Some good advice here. I expect we will see more full time Hivers, but probably safer to be part time Hiver full time Crypto, and seek out multiple income streams.
It was the one which put me thinking the most before replying as it's a big question.
There is a lot to be said for this option but from my angle it's hard to commit to anything properly if you are spread across multiple projects or jobs.
Hive takes up a lot of hours to grow to a decent level and i don't think that i would have managed it if i hadn't gone all in with the project.
I have a few other interest in crypto but those all came from somebody that i read or followed on hive. The community here is amazing for learning new things and expanding your crypto interests. Plus i just love being here. I couldn't turn up every day if i didn't enjoy it so much.
I do take your point though and it's good to have as many streams of revenue as possible as long as you can stay on top of them properly.
It's probably the safer option to spread the risk as if Hive fails, it all goes away.
I do have a few small bits across crypto but they are all small and passive. Nothing worth looking at for a few years until they compound a few thousand times.
But all of my biggest ones are Hive related.
I don't think that it will however. In fact, i'm betting everything on it. Pretty much all of my finances are tied up in the eco-system to some extent or another bar living expenses.
Even now I keep putting more back into the system to keep on earning.
I just spend $2,200 on three Epic Beta cards.
Bought for $740, now there is only 1/134 on the market at $1,200. It's already rented at 400 DEC or $4 per day making 200% APR.
Bought two screaming Banshee for $1,400 and now own 1.6% of the total supply and have them earning 700 DEC in the first ten minutes. There are only two on the market now at $900 and $10k.
All in for the long haul.
Sometimes it can be hard to see the trees for the forest, but when you step back there is huge development going on behind the scenes.
But it's there and it's getting noticed.
Hive isn't going anywhere and there are a lot of great people working to make sure that it goes even higher for the future.
Collaborations, development, games, even outside people are starting to take an interest. That is a big step forward as it shows that we are on the right track. We all saw the price shoot up this week which was great and a bit strange.
What was even stranger is that it stayed there. Nobody with a big stake was willing or able to dump it back down. They might have taken some profit but nobody was thinking that it was time to cash out all of their chips. That there are bigger things to come.
I think the same myself. Taking some profit but firmly in accumulation mode for the future. There is a lot more to come.
