How Diversity Are People Reacting To The Sudden Hive Moon?
So hive has basically hit the $1 mark and inasmuch as it brings a lot of excitement, a lot of people are actually undecided as to what this eventually means for them. For example, some would eventually power down their account in other to sell, others might just take profit. Some will be wondering if they should sell at these prices or wait for the top, or sell now to risk them losing the gains they should.
The prospect of money makes people jittery, and sometimes losing out can be painful. But as a Nigerian, taking gains for example brings a case of dilemma this is because taking profit to save in naira isn't really ideal, the naira is plummeting and losing value and taking out crypto to save in (naira) Nigeria might not be really wise, saving in crypto is not just stable, for an economy as Nigeria, it helps your money retain value overtime.
The only reason I'll sell is to probably put money into another prospect, truth is that I want to take profit, but I haven't gotten any idea to channel these profit yet and keeping the money in naira, it looses value as a result of inflation. But then, I still want to take profit in case of a time when I'll eventually need to channel it accordingly.
I've been considering USDT or selling to keep in any other stable coin. HBD makes senses, and I'm actually saving in HBD as a stable coin as well. I've been looking for ways to diversify and maybe investing in splinterlands monsters, but holding profits in naira is a really terrible idea and I wouldn't really advise any Nigeria to do so.
That said, I have a lot of ideas for business, leaving the country is another option, but that's more like a 5 to 6 years plan for me and so but before that time, I need to make time for business opportunities that can be sustainable. Truth is, I know $1 is a big deal, but it doesn't feel as exciting as it should to me, this isn't because I'm a sadist, it is just that I'm trying to hold as much as I can then eventually sell when it's just too lucrative to say no.
Will it eventually get to a point as this? I can certainly tell you that I don't know. Nevertheless, the fact that I can keep my stake, use it for curation, buy into promising hive tokens and reinvest into other aspects like LEO and CUB is definitely better than selling to save in the Nigerian naira, I don't know it you have ever thought about this?
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This feels like a dilemma, what I'm actually doing is taking little gains for sustainability in order to actually keep the growth of my stake, and this is actually better than selling to save in a depleting currency. Nevertheless, don't get me wrong, taking profits can come in forms, you can power down to sell, then buy back when it's dipping or dipped. But then this isn't something I see viable for someone like me, it wouldn't really work.
At the moment a $1 hive wouldn't bring my real-time plans, I've decided to wait for the peak. If you've noticed, with the way we're nicely placed, the hive blockchain is really undervalued, and I want to believe a time will come when it'll be rightly valued. I chose to remain staked because I want to keep enjoying the real dividends that comes with it, so many people understand the freedom that comes with owning a stake and I want to continue in this aspect.
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Some have asked how I manage not to power down even when I have needs, I just tell them that it depends on my goals and my scope and strategies. Currently, I'm striving hard towards diversification.
I want to put some of my skills in the market out there so that I can become less and less dependent on hive but continuously growing it as well for futuristic purpose. Being wealthy in Nigerian currency is almost like nothing, the banks are getting wealthy off people's ignorance, but I get that people want to feel secured by checking their account and seeing those millions.
Someone in a place like Botswana or the United States can actually do this, but then in Nigeria would actually be a waste of time, effort and eventually resources. The bull is actually here, this I know, but I want to be objective, patient and think rather than the hit SELL! SELL!! & SELL!!!
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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
@Josediccus, your brother-in-pen & heart
I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog
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