I have been waiting for a good HIVE buy opportunity, and it seems that it got delivered this morning. Thankfully, I set some orders a while ago and even though I thought I was low-balling at the bottom, they all went through. As you can see, the last one in the list was an on-the-fly-buy, otherwise it would be second.
This means that I will be able to power up a little today :) My single largest power up ever and I am pretty happy with it so far.
However - this has taken a large bite out of my BTC holdings. But... let's see how that pans out. For now though, I am just glad to get a step closer to what is for me, an incredible milestone with less than 4000 HP left to the 100K. By the looks of the trading volume on Bittrex, which is around 55 BTC, it is likely a few others were able to pick up a bargain also.
If the dumpsters take one more dump, perhaps I will make it today :) Past that point, I am not sure what I am going to do - but I think that I will rebuild my other holdings slowly and diversify. I know that it could very well be that in a few months, I could need some additional funds due to the global economic conditions and while I haven't used any crypto for anything real yet, the time may be approaching.
While a lot of people want to live off of crypto earnings, I think that for most, the only way to make a significant and potentially consistent income is by putting skin in the game. Earning from content creation is a fickle business at best and I find it incredible that people rely on it at all. Sure, earn and use it - but do not expect a steady income stream from it. It just can't really work that way, especially if more people come into the scene to draw on and compete for the pool and the price doesn't change dramatically.
For me, I am one of the people going long and perhaps it is because I wouldn't know what to do with it anyway, as I see it as a waste to flitter away when I do not need to. I know that many are struggling out there, but the problem is that in order for many to better cope with the struggle, many more have to invest themselves into the future to create some stability - not just the one percenters in the world.
What needs to happen in the real world is a greater amount of distribution, but that is never going to happen by those with giving to those without - it is just not how the system works. However, on Hive there is a chance to improve the system, but we are nowhere near the stage of being a charity of any significance and the distribution and price can't support it. At some point, we have to each take the responsibility for our experience and decide whether we are going to be supportive or extractive - and just like in any community - there has to be more support than extraction to have future stability.
Hive has a solid middle class of users, but it is far too small still and that means that opportunities like this should be taken from those who are looking to earn from Hive in the future too. While people like to complain about the distribution and earnings of creators, the other side they generally fail to mention is their own support of contributors and whether it is adequate.
I wonder if it were possible to do the calculations, out of all the accounts on Hive, what percentage are willing to buy with off Hive earnings and power up? As I have said before, I believe that the amount doesn't matter that much, as long as it feels significant for the individual to the point that it would hurt enough if lost to warrant learning about the system and trying to act toward the future. The problem with earning alone is that as soon as price drops, it is easy to walk away. When there is a sense of ownership that comes through buying, that is much harder to do.
Everyone makes their own decisions however, and must live with the results whatever they may be.
Taraz
[ Gen1: Hive ]