Investing in Hive cryptocurrency blockchain for long term gains
I decided to add 1000 Hive to my HP Hive Power stake. Powering up will allow me to delegate more HP and earn from my cryptocurrency. At present fiat is tanking, unless you have dollars that is. My local fiat is losing purchasing power by the day, so I am looking for alternative places to invest it.
Crypto is hopefully going to look more attractive to investors now that fiat is not ideal and the dollar is already overbought and priced to sell rather than to buy. Bitcoin, and the altcoins, on the other hand, are really attractive right now. The past year since November, has seen crypto in a bear market and price is at an historic support level.
This is a good time to invest or go long crypto. The price of crypto is only going up from here in the long term. So I have no urgency to sell any of my Hive tokens. As a result I have decided to power up this 1000 Hive tokens now. The price of Hive can still make a 5x gain from here to return to previous all time highs (ATHs) beyond $2. And then the sky is the limit. It all depends on adoption and Hive adoption is growing thanks to games built on Hive. Splinterlands is a major leader in this field, of course.
With Hive offering fast TPS transactions per second, as well as zero fees to move your assets, it makes for a perfect blockchain to facilitate gaming, and now DeFi too. All this added to a social media platform ultimately makes for a total package. Hive can do what Ethereum does and Solana too.
I see investing in Hive as a great long term strategy and so adding 1000 Hive to my HP stake is how I am going to ride out the macro economic downturn. Hive is priced in dollars so it is a good safe haven for me and store of value as my fiat currency loses value.
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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
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Good decision to add to your HIVE stack.
So you're going to delegate it for a guaranteed passive return, rather than use your stake to curate content?
What's your thinking here?
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Hey there, I'm delegating half my HP currently for two reasons.
Firstly I'm more of a writer and content creator than a curator, based on personal style and time constraints.
Secondly I move around a lot and don't always have wifi to log on daily, so I'm aiming to earn passive income from my HP even when I'm not able to post or curate manually.
When I have wifi access, I'll still continue to curate as much as possible and improve in that department.
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Sound reasoning :)
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