{"id":19475,"date":"2020-11-23T12:06:19","date_gmt":"2020-11-22T23:06:19","guid":{"rendered":"http:\/\/www.frot.co.nz\/design\/?p=19475"},"modified":"2021-09-15T14:57:04","modified_gmt":"2021-09-15T02:57:04","slug":"is-buying-hive-contrarian-investing","status":"publish","type":"post","link":"https:\/\/www.frot.co.nz\/design\/cryptos\/is-buying-hive-contrarian-investing\/","title":{"rendered":"IS BUYING HIVE CONTRARIAN INVESTING?"},"content":{"rendered":"
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A couple of my friends on Hive think I\u2019m an idiot. \u201cyou are an idiot\u201d they like to say. The reason for that is because I am holding a big stash of Hive.<\/strong><\/p>\n

Like a lot of people on Hive at the moment they keep saying \u201cHive is just like Steemit, Hive is big circle jerk, Hive is dead in the water, everything else is going up but Hive isn\u2019t, Leo is doing better than Hive, and because everything is doing better than Hive you should sell it and buy everything else\u201d<\/em><\/p>\n

They certainly have a valid point looking at the prices this week, but that is not how I operate. I am a contrarian. (that is a bit like being a rubber fetishist \u2013 rare and unusual)<\/p>\n

\"image.png\"<\/p>\n

Hive is one of my biggest crypto investments, but it\u2019s not the only one. Bitcoin is my biggest and I have 10 others. But it\u2019s Hive that I have the most attachment to, which is sometimes a bad thing with investing. So when it comes to Hive I may well be an idiot…<\/p>\n

Is there any logic to my stupidity? Here is my current thinking on Hive:<\/strong><\/p>\n

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  1. Underlying everything, and despite, or maybe because of all the bullshit on Steemit, Hive is a brilliant idea that has now been well developed and tested.<\/li>\n
  2. If the new front ends like Leo and 3Speak do really well (and I think a bunch of them will) that doesn\u2019t replace Hive, it makes Hive more essential. Hive may not be out front getting noticed, but it could be the foundation for an entire revolution in internet use.<\/li>\n
  3. As a cryptocurrency for actually using, Hive is the easiest. I can send or receive most cryptos, but if someone wants to send me a payment and asks which crypto I prefer, if they are on Hive, I will say Hive. Bitcoin would be way down the list. If they are not on Hive I usually choose Dash, because I have a soft spot for it and am holding some so it\u2019s convenient. But Hive is my first choice crypto for actually using \u2013 it works really well.<\/li>\n<\/ol>\n

    \"image.png\"<\/p>\n

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    1. I see 10 cents as the bottom out level for Hive price, and don\u2019t expect it to go under that. I could well be wrong, but at this stage it seems to be a resistance point. So there is not much downside.<\/li>\n
    2. Hive is the only crypto I\u2019m holding that I use everyday. And because of that, I see what is going on with it, as well as actually enjoying my investment. I\u2019m holding a bunch of Etherium, but have never actively used it, and it\u2019s no more exciting than holding some shares. I do think it is a good investment, and I\u2019ve done very well on it, but there is no personal connection.<\/li>\n
    3. I think the current price is low and it is on the brink of becoming the next big thing. And when it does, it will go up fast. Yes it has gone down for six months, but so did Bitcoin! One of the tricks to investment is to see the opportunity that other people are missing. Right now I think it\u2019s a good time to buy Hive so I have done so. My current holdings are 155000 and the average cost of them is approx 16 cents. So I am down at this point and could get totally spanked, but if this turns out to be a good call I will do well.<\/li>\n<\/ol>\n

      In the past I\u2019ve had more wins than losses on cryptos, but I don\u2019t usually post about them. In this case, improving the sentiment on Hive is in my own interests, so clearly this is far from impartial advice.<\/strong><\/p>\n

      But yeah, I think Hive could climb big time.<\/strong><\/p>\n

      \"image.png\"<\/p>\n

      Posted Using LeoFinance Beta<\/sup><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

      A couple of my friends on Hive think I\u2019m an idiot. \u201cyou are an idiot\u201d they like to say. The reason for that is because I am holding a big stash of Hive. Like a lot of people on Hive at the moment they keep saying \u201cHive is just like Steemit, Hive is big circle […]<\/p>\n","protected":false},"author":1,"featured_media":20698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[64,35,59],"tags":[],"jetpack_featured_media_url":"https:\/\/www.frot.co.nz\/design\/wp-content\/uploads\/2020\/11\/2bP4pJr4wVimqCWjYimXJe2cnCgnLLEgovUJQh79ZmG.png","jetpack-related-posts":[{"id":19513,"url":"https:\/\/www.frot.co.nz\/design\/steemit\/taking-a-huge-gamble-on-hive\/","url_meta":{"origin":19475,"position":0},"title":"TAKING A HUGE GAMBLE ON HIVE","date":"November 28, 2020","format":false,"excerpt":"Back in August 2016 I started out on Steemit as @sift666 because some prick had already taken the name @sift so I added 666 on the end hoping to sound all heavy and satanic, but it was like arriving first at a party and having nobody to talk to, and\u2026","rel":"","context":"In "ART BY FROT"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2020\/11\/2bP4pJr4wVimqCWjYimXJe2cnCgn4knVSP1w6rSdrwx.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":19404,"url":"https:\/\/www.frot.co.nz\/design\/frot-design\/hive\/","url_meta":{"origin":19475,"position":1},"title":"HIVE - Get your arse on a real platform","date":"October 27, 2020","format":false,"excerpt":"\u00a0 Resources for using the HIVE blockchain If you are an absolute beginner then I recommend reading over the following guide so that you can gain some general understanding about the Hive blockchain: https:\/\/peakd.com\/hive\/@remotehorst23\/hive-beginner-tutorial If you want a good news feed for the Hive blockchain then I highly suggest subscribing\u2026","rel":"","context":"In "FROT DESIGN"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2020\/10\/crex-1.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21908,"url":"https:\/\/www.frot.co.nz\/design\/hive\/i-suspect-ive-just-done-my-last-post-on-hive\/","url_meta":{"origin":19475,"position":2},"title":"I SUSPECT I'VE JUST DONE MY LAST POST ON HIVE","date":"March 25, 2022","format":false,"excerpt":"My final line in the straw has been crossed on Hive recently, and I feel the need to officially throw in the towel. To those of you who have been telling me that was inevitable for months\/years, you were right. And yes, maybe I'm a bit retarded... So this will\u2026","rel":"","context":"In "ART BY FROT"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2022\/03\/e88ce16380c2b3352d2124e750ee3075ff2e5b45.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":19563,"url":"https:\/\/www.frot.co.nz\/design\/funny\/why-do-i-have-a-hive-account-called-flote\/","url_meta":{"origin":19475,"position":3},"title":"WHY DO I HAVE A HIVE ACCOUNT CALLED FLOTE?","date":"July 18, 2020","format":false,"excerpt":"I'm a big fan of Flote and even have an account here on Hive named @flote\u00a0- my one owner never been thrashed Hive\u00a0@flote\u00a0account is in immaculate as new condition. image\u00a0-\u00a0https:\/\/mises.org\/wire\/horrors-communist-china Here is my actual Flote account -\u00a0https:\/\/flote.app\/FROT But why also have an account on Hive called\u00a0@flote? At the start of\u2026","rel":"","context":"In "FUNNY"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/images.hive.blog\/0x0\/http:\/\/www.frot.co.nz\/design\/wp-content\/uploads\/2020\/07\/368La1qZAv72FqVwi1Et2LrexGk5UkK3zoADVBeXZweLYfmtJkiFYThjPT8xqjZnB9UtVwTSxKMLnJhU36x5ViBY-500x327.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":19495,"url":"https:\/\/www.frot.co.nz\/design\/funny\/when-push-comes-to-shove-which-platforms-have-worked-for-me\/","url_meta":{"origin":19475,"position":4},"title":"WHEN PUSH COMES TO SHOVE, WHICH PLATFORMS HAVE WORKED FOR ME?","date":"January 22, 2021","format":false,"excerpt":"Over the past year there has been a non-stop barrage of utter BULLSHIT. All \"media\", both mainstream and alt, along with all the social media platforms too - just an information overload of vapid crap. There always is, but this has been an extra heavy duty barrage. Attempting to find\u2026","rel":"","context":"In "AMERICA"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2021\/01\/USgKoryE83iyNs4LG1RhdfteSmeidYjNFY66UnfC68Z51BAp51jiZnUjGhyUqpeA4F4Vfx1wKeRg8Xx9NebfNE.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":17397,"url":"https:\/\/www.frot.co.nz\/design\/computing\/and-then-i-found-the-answer-to-everything\/","url_meta":{"origin":19475,"position":5},"title":"AND THEN I FOUND THE ANSWER TO EVERYTHING","date":"May 17, 2020","format":false,"excerpt":"EVERYTHING I EVER WANTED TO KNOW ABOUT HIVE. Hive can be a bit new and confusing for anyone with semi-retarded tech geek skills. I started out lurking around on Steemit\u00a0 in 2016, but even so I still had a couple of questions I've been wanting to ask about how to\u2026","rel":"","context":"In "COMPUTING"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.frot.co.nz\/design\/wp-content\/uploads\/2020\/05\/2FFvzA2zTk5Zev-01-1.jpeg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/posts\/19475"}],"collection":[{"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/comments?post=19475"}],"version-history":[{"count":0,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/posts\/19475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/media\/20698"}],"wp:attachment":[{"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/media?parent=19475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/categories?post=19475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.frot.co.nz\/design\/wp-json\/wp\/v2\/tags?post=19475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}