Before Investing In Other Projects You Should Have A Sufficient Hive
Hi, guys Happy Sunday to all of you. Here I wanna share my personal opinion and it is about the importance of hive investment. Bitcoin is the superstar and there is no doubt but when it comes to use case, other currencies are there that have better use cases and these coins have potential. Rather than investing only in Bitcoin, your priority should be to focus on better projects as well.
I am a hive user here and I know what hive is. That's the reason I prefer to have a major holding in the hive. So it is up to you how much you want in the hive and others. Usually, it is dependent on the source of income, your goals, and your focus. Let's say our target is a 10k hive goal then you can't think about other projects before completing this milestone.
Other Major Cryptocurrencies
Other than hive there are bitcoin, Ethereum, litecoin, xrp, and more. Now Bitcoin is the main here and there are institutions whose first preference is Bitcoin even normal non-crypto people would choose Bitcoin first. Here bitcoin is the door to enter in the crypto field and that is why it is important. Bitcoin has a limited supply. When it comes to hive it is truly decentralized and it is a Delegated Proof-of-Stake blockchain and it is totally different than others. It has great potential because it is web 3.0web 3.0 technology and web 3 is the future. Except for bitcoin, there are Ethereum, litecoin and XRP are also good cryptocurrencies in which you can diversify your portfolio.
Having Major Holding In One Coin
Diversification is the most important factor to secure your investment and earn maximum profit in cryptocurrency however diversification in stocks is not gonna work like crypto. Almost 90% to 95% of cryptocurrencies go up in the bull season which is why you have more chance to earn profit but in the stock market, not every stock will go up. So diversification works differently in both markets. You can diversify your portfolio with the best projects of crypto. Now you say that why not invest only in the hive?
This is not a bad decision but I think we should not break the rule of diversification in cryptocurrency. That is why first complete your target in the hive blockchain and you can also have a major holding in the hive like I am doing and same with the other hive tokens. But you should have some other crypt investments as well. I am not just targeting the hive but also other hive blockchain tokens and that's the reason I don't hold other cryptos because I am still busy completing my goals in hive blockchain.
Anyway, this is the current situation of my crypto portfolio and I have also shared the importance of diversification in the cryptocurrency field and prioritizing hive crypto. Share this post on social media platforms like X (twitter), Reddit, and also on Inleo. Reblog and leave a comment below I will meet you in my next blog have a good day.
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Thank you
Lucky Ali
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Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |
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Dear wrote very well, certainly not a bad decision we should complete the target on the Hive blockchain should make a large holding.Our target should be 10k hive I have seen before in bull market crypto goes up about 95% then we can think about other projects.I agree with you we should have enough hive before investing in other projects.
I am glad you liked it. Prioritizing hive is very important.
😀 Well written
thanks
Hive includes many tokens that have a large amount to participate in and a good return from them. So we should take a good look at Hive first. thank you
Exactly that's what I am saying. Thanks for the great comment friend.
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Yay! 🤗
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but u always tell me u have no funds o.o dou have them now
I don't have. bro 😒
sure bro sure
calling cap
what
With hive the more you have make us feel like having even more.
very well said alok bhai
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i agree with you hive is the biggest decentraliazed project , we should have holing in hive, but we should not put all eggs on bucket, so i also deeply with this that we should invest in different area, thank dear for sharing best expereince with us
Ya maintaining both things is an excellent choice
Good take. Some people tend to diversify too much and spread their assets in many different things. It's good indeed to have a major holding, like HIVE as you mentioned.