Call me crazy, but I just bought about 25k HIVE

in hive •  4 years ago 

HIVE has been a falling knife for months, but today I stepped in front of it

Call me crazy, but I bought roughly 25k worth of HIVE today.

What's even more crazy, I bought it with BTC...

Yikes!

Keep in mind that I didn't dip into my long term BTC holdings for this purchase but considering where I think BTC is ultimately going, yea it's a risky play.

To me, $15k BTC and $.10 HIVE just seems like a good spot to pick up a couple HIVE...

image.png

(Source: https://bittrex.com/Market/Index?MarketName=BTC-HIVE)

Not a lot of BTC buys a lot of HIVE.

The way I look at it, it won't take much to get HIVE to a dollar, which is roughly 10x, while it will take a lot more heavy lifting to get BTC to $150k, which would also be a 10x.

The BTC to $150k may technically be "more likely" at this point in time, but there is also the possibility HIVE could go north of a dollar as well.

image.png

(Source: https://wallet.hive.blog/@jrcornel/transfers)

Now it's time for HIVE to round the corner and actually start making itself attractive to outside investors!

Stay informed my friends.

-Doc

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  ·  4 years ago  ·  

WOW, I'd say that you made the best of this opportunity. Aside from HIVE making to a dollar mark, you will also gain from curation.

But what if ...BTC reaches to $1M? :stuck_out_tongue:

  ·  4 years ago  ·  

Yea, that would be a major bummer. Though like I mentioned I didn't dip into my long term BTC holdings. This was part of BTC that I trade in and out of. But yes if HIVE keeps going down and btc keeps going up, it won't feel great.

  ·  4 years ago  ·  

If you keep buying every HIVE people are selling, it can go way beyond $1... If you power up most of it, you get so much post rewards that it's worth it pretty quickly.

I went from 3 HP to 150 HP pretty fast and still had 25 HIVE to cash out... I'm sure you have quite different magnitude...

  ·  4 years ago  ·  

Yea, but that would be a lot of HIVE... millions of Hive...

  ·  4 years ago  ·  

True... But I also bought company that was basically worth nothing and made it multi-national...

  ·  4 years ago  ·  

What is the correlation?

  ·  4 years ago  ·  

Correllation?

  ·  4 years ago  ·  

What is the correlation between me needing to buy millions of hive and you buying a company that was worth nothing? HIVE is wort $40 million...

  ·  4 years ago  ·  

My name was worth more than name of the previous main investor... If HIVE is worth $40 million now, what happens to its value if people see someone buying in bulk... HIVE is public blockchain, so your name will be all over everything...

  ·  4 years ago  ·  

Good point. Luckily Doc is a well known name.

  ·  4 years ago  ·  

I’m selling Hive to buy Blurt.

  ·  4 years ago  ·  

It seems you are not the only one selling it. I thin it's due for a bounce here at some point. Blocktrades is going to do his part to make sure it doesn't fail.

  ·  4 years ago  ·   (edited)

I wish I would have sold all my Hive at 98 cents like all the smart people.... Oh well.

  ·  4 years ago  ·  

The only people that sold it at $.98 were Justin Sun. He dumped double digit millions of HIVE when Binance opened and the price was right near a dollar, which is what toppled the price over down to about $.60 almost immediately. It's basically been down ever since.

  ·  4 years ago  ·  

I guess thats what propped up TRX... up 300 % from where I traded my Steem.

  ·  4 years ago  ·  

Yea he seems to support his projects. He still supports steem to some degree I think as well.

  ·  4 years ago  ·  

Definitely.

  ·  4 years ago  ·  

There are large bids on bittrex quite often.

  ·  4 years ago  ·  

Sadly, most of us were powered up at that time with hardly any liquid HIVE. Whatever little liquid HIVE I had, I used it up to buy LEO and I ain't repenting it :)

P.S.:
Are you trying to indicate that Justin Sun was the smartest kid? :stuck_out_tongue_winking_eye:

  ·  4 years ago  ·  

Probably.

  ·  4 years ago  ·  

Crazy you.

You should have bought blurt instead
Ding😉😊

  ·  4 years ago  ·  

I don't see any dump in BLURT. It's better to buy what dumps harder.

  ·  4 years ago  ·  

Smart move. Easily 300 or 400% profits to come. Same with bitcoin, it would just take longer.

  ·  4 years ago  ·  

I sure hope so.

  ·  4 years ago  ·  

Good for you. HIVE is cheap right now with potential to rise. I know it struggled lately, but it's technically in a good place and has a good community. Hope your gamble pays off.