RE: Buying $10 a Day Worth of Ethereum: Is It Profitable?
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This is powerful, how about buying $10 of Hive daily?
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This is powerful, how about buying $10 of Hive daily?
I like the way you think! :)
very good thought. but Hive is way down the list on cmc plus the fact that it is harder to buy. On coinbase you can just set the daily buy and let it run. More manual labor on hive.
Definitely more manual labor for HIVE.
I pulled the data and found that you would've made a negative ROI each year buying $10 a day of HIVE (but keep in mind that it uses STEEM price data up until March 23rd).
If you run the report with just straight buying and no earning (and let's face it, earning an APY on HIVE is often what makes the investment worthwhile), then it's a loss.
If you run it with buying + earning a 12-15% APY, then the investment is profitable.
It's all a matter of perspective, but clearly the motivation for investing in HIVE needs to go beyond short-term profits and go toward things like building a community, business or personal brand (in my opinion).
Posted Using LeoFinance
I just published one about it :)
I put a little twist on the report though and talked about buying $10 of HIVE and powering it up on the first of every month
Posted Using LeoFinance
And I just finished reading it! It was on the spot answer! I do agree putting HPUD as a case relatively how Hive-economy works unlike other blockchain.