Volatility And Burning Fingers

source Yam did a massive nose dive today and just glad I am not part of it as many are sitting around holding $174 Yams right now. The coin is described as an experiment in fair farming,governance and elasticity. Talk about elasticity as it will need it to bounce back.

Price really means nothing right now as long as what you invest in has a real use case scenario. Crypto is a gamble whatever way we look at it as there are going to be winners and losers. On Hive the users that are busy each day are the real winners as they are risking nothing, but their time and are growing by having fun.
source Yam dropped by 22 x in value over a matter of minutes. How many are eating Yam this week.

I think this is why I am very comfortable with Hive at 20 -25 cents for now as it is so early in it's infancy in my mind it can only go up from here. I have no idea what Yam was or is but many must have had their fingers burned with such volatility. $174 down to $1 in a blink of an eye is now you have something and now you don't and rather sickening.

Some would say that it was bound to happen as that is according to the Elliot waves or whatever but still it is still sickening to watch if you are invested. Many of theses investors would be happy if they actually knew what Hive was and what it really meant as I am sure millions of people have no clue. If people knew that by purchasing hive and staking it on the Hive block chain that they could earn through daily interest and rewards many would consider it. At 20 c or 25 c it is kind of risk free as the price has been stable for a few months now. Investing 5000 Hive tomorrow you could double that with hard work within 12 months and who knows what the price will be in a year..

Like many on here there is no rush for Hive to moon as staking and growing is the aim. I rarely look at the price these days as my goal is long term and I am not even close to where I want to be. I don't think you can ever have enough as you will always want more. The more you have the more you earn is so true on here and why staying busy and growing is so important. Eventually Hive has to go up in value with the number of users and only then will we possibly see the real value of the work we have all put in.

Cryptocurrency is still very young and why there is so much volatility which can make you wealthy or broke over a short period of time. I actually enjoy the volatility as it shows you what can happen and so quickly.The last time Bitcoin went to $20 000 many "investors" got seriously burned as they didn't realise it had to come back at some point. I know a few who bought in right at the peak and they thought they were on to a winner, but little did they know they were about to see their arses.

I am sure many have looked at the alt coins instead as the returns are there along with the risk. I have never known investments that can move 20 or 40 x in such a short period of time and believe it is exciting being part of something like Hive which has the legs to do just that and so much more. I do believe in time and patience and the ones that look long term will be rewarded.