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RE: Hive Gives Me Hope!

in Silver Bloggers14 days ago

I also forgot to mention Hive Engine in the blog post. I have over a thousand AU worth of SWAP.btc. I need to keep building it sporadically.

I have started investing in SWAP.eth because it’s a little more stable in price and has less environmental impact than most crypto.

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Personally, I would look at reducing that amount. I know its decentralised, but the volume may be a problem once upon a future time if you want to withdraw or move i to other assets.

I’ve been dipping into it here and there when I have needed the HIVE. I could diversify a bit more.

I wouldn’t withdraw it all at once.

I don't know about needing to diversify away from BTC. The mathematics of it are inevitable.

Didn’t you say to look at reducing the amount I had invested?

I am not going to divest from BTC. It has massive growth potential. I am still going to be investing stray bits of Hive into it over time.

At the same time other things also have growth potential too.

More like moving it to a wallet you control entirely. Self custodial is the way! Paper wallets, or a simple electrum wallet.

What’s electrum?

https://electrum.org/

It's a BTC wallet application.

Oh cool.