[Investment] Hive for Cash
I haven’t shared my ideas or investments in a while. Today, I decided to buy some HIVE for $200. I noticed that the current price of HIVE is relatively low. It is around 0.23 usdt now. So, with $200, I purchased 834 HIVE tokens — I powered up 800 of them, and the remaining 34 HIVEs are still on the exchange.
Probably, I had to do it 5 days ago on June 1st, so I would get a big bee badge from @hivebuzz but well....maybe next time :)
Why did I decide to invest in HIVE?
This is actually the first time I’ve ever bought tokens. In the past, I only sold them. Not really much though...
First of all, I believe HIVE is an auspicious project with strong potential for future growth.
I also receive payouts from delegating and curating, so the higher my HIVE Power, the more I earn. Starting today, I’ll try to track how much I’m earning from curation.
On top of that, I want to support various communities, and having more HIVE Power is one way to do that.
And of course, I have a goal — to reach 15,000 HIVE Power.
Right now, I have in total 10,978.151 HP, and 9,629 of them are delegated to different communities and Hive activists.
How would you spend $200, and do you think investing in HIVE is a good idea?
Thank You
Iris
Definitely a great idea! Onward and Upward! 💪
Yeaaah! To the moon! To make Hive and Ecency better :)
!BBH
Investing in Hive is definitely a good idea, but like everything crypto it carries risks. I've probably got too much invested in it right now. But that's as a percentage of total portfolio, so rather than reducing my Hive investment it's just a case of gradually increasing my investments in other things until the portfolio is better balanced.
!HBIT
That is a good point. I have never invested cash into Hive before, so it was my first time, but I think I will invest a little bit more soon. But yes, i am trying to split my money into different baskets.
!BBH