Hive's Value Increasing: What Can You Do?
I've been a bit shy to share (well, and super busy!)
So, I've been incredibly busy with the whole Thanksgiving holidays, but I hope to write a bit more consistently. I came to my desk and wasn't sure what to share. So much has happened and yet I'm feeling a bit shy about telling everyone. Then I read @rentmoney 's post about the HIVE increase (you can read the post HERE ) and what he did with it, and I had to grin. Perhaps I'm not the only one trying to sneak around without too many people noticing! HAHA! I guess "great minds think alike," so this post is most certainly inspired by rentmoney, because he's giving me the courage to share what I did with this Hive boost.
No One Could Predict Hive: What I Did
Hive token prices have been carrying on like a wild turkey!
No one could predict where it was going, what it was doing, and right at the end of the whole Chaos Legion Pre-sale did put me into a tailspin. Suddenly, all I could see.... far and wide.... were possibilities. I could hear "Tara's Theme" from Gone with the Wind and see Scarlett O'Hara pouting as her father pulls her aside, draws his arm out across the rolling hills and says... "You mean to tell me... that land doesn't mean anything to you? Why, land is the only thing in the world worth working for, worth fighting for, worth dying for...!" And then the great theme song plays and the sun sets. If you're not sure about what I'm referring to, you can watch the movie clip here
So, in my last moments, I abandoned all logic and raced for land! I couldn't believe how much further my hive would go for a land plot! All I could see were wide open spaces with endless possibilities for Splinterlands so I had to seize the moment and get a plot.
It seems others are as well! I saw @rentmoney also bought some plots when Hive increased, and he like me and probably many others assumed that the Hive value would decrease, but it hasn't! I mean, yes, it's down from hitting a high of $3.50 but it's still holding around $3.00 at the time of this post! It's pretty incredible to think about the increase in value, and I don't believe Hive is through. Sure, it may dip again, but I don't feel it's going down to a dollar any time soon.
What to Do to be Ready When Hive Increases Again
When these sorts of dips and increases in Hive happen, what should I person do to be ready? You don't want to have tokens sitting around doing nothing, but it would be important to have access to Hive quickly when needed. I recommend getting into pools so that you can earn money but also get out when you need to. You can quickly jump in and out to buy this or that token whereas if you've staked all your money, you can't access it quickly. It's just like the good ole swimming pool. I can stay in the pool until I get sunburned and then I better get out quickly! HA! :)
Quick side point: Honestly, this is the unfortunate part about staking that I don't quite think is great at the moment and perhaps you amazing crypto geniuses out there that I HOPE are reading this can help me to understand. I completely get that you STAKE to keep the value strong in that token; however, if we're suppose to stake our money, shouldn't we receive more rewards for those stakes? As it is now, you can actually ear more money by jumping into pools. I'm referring of course to SPS. We're often encouraged to "stake! stake stake!" but if you stake, you're not in the pool and honestly, the POOLS right now are quite a great investment!
On another side point, I highly recommend the #ONEUP pools. They won't be going forever so please do put your ONEUP into a pool if you have some, and if you don't have some, why not? If you're not sure how to do that, CLICK HERE where you can read my post explaining how to earn and win ONEUP.
Other Ways to Be Ready for Hive
Watch the news and react as you can. For example, Taraz ( @tarazkp ) wrote how the resignation of the CEO of Twitter, Jack Dorsey, is a sign of things to come for crypto and decentralization. The read is FASCINATING so please give considering reading it HERE . If you see in the news or you know Splinterlands is about to have a big change in the game (like the pre-sale of Chaos Legions or next on Dec 8th the next sale of the packs begins), watch the markets closely and be ready. THAT would be a good time to have some hive tokens in your wallet so that you can adjust and go where you need to go with your investments.
Dreams Coming True
For me, I have many dreams and many hopes, but it always comes back to the land. I had been saving for so many wonderful packs and so many wishes for some good cards, but when I saw Hive prices soar, I couldn't resist. I suppose Scarlett's father would say it's the Irish/Scottish in me! :) HA! I just had to get more land. I hope I've made the right choice, but I saw it as an opportunity that works for me and I know I cannot owe the entirety of Splinterlands, even if a girl can dream. :) It's most important that I stick to my passion: land, and I will work hard to have Hive ready when another opportunity arises. What is your dream in Splinterlands? I'd really love to hear about it. For me, a country girl who can see for miles and miles on the Kansas roads, it will always be land; I was raised to see the value of a Kansas farmer, and I long for the day I can "farm" the Splinterlands' plots.
Please forgive the lack of pictures today. It is harder for me to get posts out to you, but I wanted to much to write to you all and say hello! I hope you're doing well! Thank you SO MUCH for reading and commenting! I love to read your comments.
If you enjoyed my post and want to try Splinterlands, please use my referral link: https://splinterlands.com?ref=rosiew
Please remember my post is not meant to be financial advice and is just my opinion.
Follow These Folks:
Splinterlands: https://peakd.com/@splinterlands/
Monster-Curator: https://peakd.com/@monster-curator/
1Up (#OneUp): https://www.1up.zone/
Here are some great links to join as well!
Splinterlands Discord: https://discord.gg/Tw7KjNsQGs
Monster Market Discord (Monster Curator): https://discord.gg/DR3J9rfRFV
PeakD Discord (PeakMonsters as well): https://discord.gg/7mQmzZeugE
NFT Studios Discord (aka 1UP Discord #OneUp): https://discord.gg/4VYBcNuVQd
Thanks for the mention.
I think you made a good move with getting some land with your HIVE. The SPS you earn from it will help offset any potential loss if HIVE continues to trend upwards. If HIVE dips then you will have made an awesome move and could potentially reposition. For me I view it as one of the most least risky ways to invest ones HIVE.
!LUV
!BEER
!PIZZA
@rentmoney(2/5) gave you LUV. | wallet | market | tools | connect | <><
YAY! Thanks, rentmoney!! :) I really appreciate your insight (and your blog post! :) Thanks for the luv, beer and pizza as well! :)
PIZZA Holders sent $PIZZA tips in this post's comments:
@rentmoney(2/9) tipped @rosiew (x1)
You can now send $PIZZA tips in Discord via tip.cc!
Yes you are definitely correct there friend! Hive is the new future of crypto as many NFT games around it becoming booming stardom we cannot wait when this asset to hit a major all time high from days to days, weeks to weeks and months to months! A lot of room to grow and definitely saving HIVE now is the wiser thing to do or reinvest it to something that gives you more hive...
:) Yes!! I agree! It's going to be the best time to get into these games! There's really no better time than now! :) Thank you so much for reading and commenting, Zasktrader! :) I appreciate it!!
It's always a pleasure reading your blogs and commenting on them! thanks😀
Congratulations @rosiew on getting another plot of land! Someday, soon I hope, they will finally release land and we will all finally be able to live the dream. Heck, at this point I'd be tickled pink just to see the White Paper released so that we could start planning and saving to work the land.
Ohhhh once I told someone the white paper is like a love letter and they laughed, but it's TRUE, isn't it? I mean we just want to know our precious Splinterlands even more and profess our love for it! :) Hee hee! :) I am going to flip out when they start sharing us some real sneak peaks about land!! I was out shopping during last week's AMA (black friday fun! HA!) but I hope one of these weeks soon, we're going to hear some sneak peaks about it!
Thank you, Gregory, for your upvotes, your time to read my post and your comments. You are so kind! I appreciate you!! :)
Thank you! Once things settle down with the holidays and you've settled into your new job with Peakd, I hope you'll have more time to write for yourself again. I really enjoy reading your posts.
Ahhh thank you, Gregory!! Yes, I keep thinking I'll have time, but then something happens in the day! HAHA! I hope to get back to my daily content. I just love writing to you all so much and hearing from you guys! :) Have a great day!
I don't think you can go wrong on land. I didn't buy any (yet) because I think HIVE might double again from here and then land prices might come down even more in relation to HIVE. If not, I'm fine with what I've got.
I just wish this all would happen already! :-) Every day feels like it takes forever waiting for CL to come out, and more VOUCHERS, and 3Spk, and PolyCub, and, and, and.... So much happening! It could be a very merry Christmas!
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WAIT WHAT?!?!? NOOO WAY, Dagger!! Seriously?!?! Wow.. I sooo hope you're right that Hive is going to double up again! WOW that would be AMAZING!!!
And yes, my patience is running thin for the future.. eeek! It's so exciting to see what happens next! It's hard to wait. :) Thanks so much for reading and commenting, Dagger!! Have a great day!
Lol may your dreams come true Rose! Land Land Land it is!
I own a Land and wish I bought more but that's okay.
My Splinterlands wish is just to own more assets as much as possible spread myself across all the assets Splinterlands offers.
Yes Joe! I think we just have to keep plugging along. I can't possibly have everything, so I just am choosing to focus on land, and as I grow, then maybe I can branch out a bit. We'll see what happens!!
Thank you so much for reading and commenting! :) Good luck with all your endeavors, Joe! :)
You are welcome Rose, have a good one!
It's definitely a good move to buy land and profit from high Hive prices. The great thing about hive is that you have so many possibilities to get a return on it. You can stake it and get curation rewards or you can put it into one of the many liquidity pools.
I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!
Yipppee! Thank you so much, Achim, for picking me! WOW I'm honored! I appreciate the support, and I appreciate that you see the value in land and Hive as well. :) I hope you have a wonderful day. Thank you again so much for stopping by, reading and commenting! :) And yes, the possibilities are practically endless with Hive. :) We all have many great things to be thankful for when it comes to the future of Hive. :)
Land is so important in the game, have always wished that I have a plot of land. Crypto might be funny and see some dip and might be and opportunity for me to get it
Posted Using LeoFinance Beta
Yes! I hope so, Dwayne! I hope you get that chance for it!! I have just saved up over many months. It takes time, but it's worth it! Thank you so much for reading and commenting! Have a great day!
Have some portion of the Hive in a pool instead staking the whole is a reasonable choice. Thanks for the tip, in the future i'm going to have some in a pool for sure.
Well, I think it just so happens the pools are strong right now, but they may not always be the case. :) Thanks so much for reading and commenting, Bence! I appreciate it!! :)
Hi Rosie,
I never even thought of buying land as a consequence of the Hive price rising. That is genius.
I'm preparing now for another opportunity (https://www.1up.zone/@hivefolks/announcing-hive-folks-a-hive-community-tribute-nft-collection) and are powering down, but I will keep your tips in mind, regarding price-action and the liquidity pools. You raised very good points in your article and I totally understand now the value of pools. I always wanted to participate in them, but stood on the sideline. Wasn't sure, which purpose it serves other than quickly gaining a few tokens (which is great in and of itself, granted :o) ), but the opportunity to have liquid Hive as soon as you need it, is unbeatable and unfortunately staking rewards can't compete.
Yipppeeee!! That's wonderful, Freedomprepper!! :) I'm so happy this helped you!! Thank you so much for reading and commenting!! :) And thanks for the article!! When does that release? I read it but I didn't see that it said the date those NFTs will drop. Looks amazing!