Hive: A Lesson From Tesla
There are a few similiarities between Tesla and Hive that I see. It is all a lesson in patience. Tesla was not a popular stock just a few years ago. Now, some are asking whether the company hit escape velocity.
In this video I discuss how patience paid off handsomelyu for Tesla shareholders. With Hive, we are not even attacked since we are not on the radar. This will not be the case forever.
▶️ 3Speak
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HIVE needs a little help to become mainstream
It needs more development which is in the process. We are going to see things rolling out. Keep in mind, much of the first year was spend optimizing the chain. We are just now starting to see the development focusing upon the expansion of things.
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I would say that TSLA is dangerously overvalued, and I hope HIVE isn't the same. However, wouldn't mind a bull run like they had.
Depends upon how you view Tesla.
If you use traditional metrics, then yes it most likely is. Of course, much of the stock market is that way.
However, if one looks at Tesla, not as an automobile company but a technology one, with their growth rate, it is not too outlandish.
I am still hoping for better entry points to add to my holdings. If we can get a major stock market pullback, then it would happen.
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I like the fact that we are not on the radar. Tesla almost went under at one point in time due to all the shorters.
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It didnt go under due to the shorting. Instead it was a cash flow situation is the production of the Model 3 was delayed.
Now they have it down to a science and ramp up rather quickly. The company just keeps learning.
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Interesting parallels between Amazon and Tesla, time will tell for sure, but I agree the parallels are important. What do you think the impact of those huge auto lots for online car sales like Car Max? I think they are steps in the evolution away from dealers to Tesla
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Those are changing the distribution model also. The one that does the vending machine is very interesting. Keep in mind those are used cars but the premise holds.
We will see how big they get over the next half decade. Tesla is not the only one chomping at the dealerships.
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STOPHive is still young, but things are starting to roll. I guess nobody can say to what extent it will replicate Tesla's success, because we don't know what competition it will have one or two years from now, but nevertheless it is promising.
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I can say just 6 words: I love Tesla, I love Hive! I got into Hive on my own, I got into Tesla watching your videos. Utmost respect and such information are like Gold on Leo Finance, that's where the power of this community resides.
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Summary:
Task discusses the importance of patience and how it has paid off in his experience with Tesla. He highlights the evolution of Tesla, from being a startup to a dominant force in the automobile industry despite facing skepticism and challenges. Task draws parallels between Tesla and Hive, emphasizing how both were initially underestimated but have the potential for significant growth. He also delves into the cryptocurrency industry's landscape, particularly focusing on Ethereum's scalability issues and Bitcoin's role as a store of value. Task concludes by pondering the future potential of Hive and the need for further development.
Detailed Article:
Task begins the video by sharing his insights on the significance of patience and how it has been rewarding in his journey with Tesla. He reflects on his longstanding interest in Tesla, noting that he closely followed the company's development even before investing in it. Task elaborates on Tesla's remarkable transformation from a niche player facing bankruptcy to a dominant force in the electric vehicle (EV) market. He acknowledges the criticism and doubt Tesla faced over the years but underscores the company's achievements in building a strong presence in the EV industry.
Drawing a comparison between Tesla and Hive, Task highlights the similarities in how both entities were initially overlooked or underestimated. He emphasizes that just like Tesla's journey to success, Hive has the potential to make significant strides in the crypto space despite currently flying under the radar. Task mentions various projects within the Hive ecosystem, such as the Speak Network, Half, Project Blank, and upcoming developments like Leo Finance's Mobile integration.
Transitioning to the cryptocurrency industry, Task discusses Ethereum's ongoing efforts to address scalability issues and Bitcoin's role as a store of value rather than a widely used currency. He touches on the emergence of Ethereum Virtual Machines (EVMs) and the potential impact of Ethereum's scalability improvements on the market. Task shares his perspective on Bitcoin's price trajectory, expressing confidence in its ability to reach six or seven figures in value.
Task then reflects on the dynamic landscape of the automotive and crypto industries, highlighting the established players like Toyota and Ethereum and questioning their ability to adapt to changing dynamics. He points out Ethereum's challenges in the gaming sector due to high transaction costs and speculates on the future trajectory of Hive in the crypto space.
In conclusion, Task underscores the importance of continued development and innovation in the blockchain industry, drawing parallels between the evolution of Tesla and the potential growth of projects like Hive. He encourages optimism about the future possibilities within the crypto space, emphasizing the need for sustained efforts in building and refining blockchain technologies. Task signs off with a message of hope and readiness for potential breakthroughs in the crypto landscape.