RE: HIVE ATH! Why I Reinvested It Instead of Fiat

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Well considering hive doesn’t have a hard cap even though it reduces in supply each year it’s still a weaker monetary policy than bitcoin. It all depends on your goal if you want to secure Sats for the future because they will become harder to come by then selling when a token is overbought is a good plan

If you don’t need the money sure it’s fine going further out the risk curve to even smaller cap tokens hoping for another double pump by all means

but it just means you become over leveraged having too much stack for the volume of sales if you don’t pick your positions properly

Also if you buy a token, and you eventually want to take a profit in BTC or fiat you have to sell token for hive and hive for stable coin or BTC so it just adds more possible tax events

Either way I see no point In cashing out to dollars, since you earn them natively by living in the US



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Yeah the tax event was one of the drivers why I didn't bother doing anything lol. I've been trying to buy a little bit of bitcoin on hive engine actually, I know we've talked a little bit about it before but it's at least one way for me to accumulate it at my leisure here for the hive instead of making lots of swaps and stuff. Only thing I haven't done is withdraw any, hoping that process goes smoothly when I eventually want to withdraw!

You should see the discord I'm in, they are trying to get people into all kinds of other tokens. I've chuckled to myself thinking “Che would love this place, he'd be ripping on these people all the time lol”

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Yeah I get you man, any extra income is most welcome but most people focus only on the income but they don't focus on how much they can get to retain thats what governments want, they want you to focus on making as much as you can so they can take a bigger share.

LOL I've decided I won't be shouting anymore, I can't save everyone. I'm just a guy in a T-shirt on the internet what do I know? I still think the same, im just not going to fight anyone on it.

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Yeah lol I don't say much when they are trying to hype this or that. I’ve been a bitcoin maximalist as much as I can be, with tiny bits in other things here and there of course. Solana is one I keep hearing about, what do you know on it if anything?

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Yeah its a complete VC shitcoin, A16z and multicoin are running massive servers, it's not decentralised at all, its just running on web servers but its fast and can do all the stuff you want as a degen trader like NFts and DEFI.

Hedge funds got a massive premine at 4 cents and have been dumping on retail ever since, not really my cup of tea picking up pennies in front of a steamroller

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Lol damn, that’s crazy but not surprising. Lots of these things seem to have that type of shit, give a few lucky people a giant share to then screw people later on. We won’t learn I don’t think!

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