RE: The Hive early adopter fallacy
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I suppose by the standards some set I would be an early adopter, direct investment from fiat to crypto is something I have only done through buying, and then selling of steemmonster cards, (at the time the sales did not cover the cost of the cards purchased nor won).
With the split to Hive from Steem, I am now at a point that my account looks big to some new users, I thought those with 5,000 SP were large accounts on Steem. I still in my mind see that as the real success point. It was a slightly over 5,000 SP account that gave me my first delegation and helped me reach the first milestone of Minnow.
I myself only know of one true early adopter that made very little outside investment that was able to work and use steem and eventually buy a small house with the help of his steem account. A success story for short term early adopter. The reality is though, I know very few first 3 month account holders that are active on Hive. (I may know more than I know but with out a hard look at when people joined I would not know for sure). Most of the early adopters I know are from the Nov/Dec 16 time frame til the point I joined Aug 1, 2017.
So I really do not see an early adopter advantage. The advantage is for those that have the extra funds, or can scrape up extra funds for actual investing, and that have the stomach for making the investment. I really have neither of those. What I do have though is an abundance of patience. Even though i am older than a lot I don't have that immediacy of life's want and got to have it now, attitude. I can wait. I was sad to see what happened on/with steem, but I have made the transition to Hive, and will continue with my 5 year plan, (2 to go), and see where things are then.
You probably know more than you think, but there aren't that many out there active that still have stake. A lot of the early adopters cashed out and never got back into the game, they became "investment shy" even when prices went from 2.50 down to 6 cents - they never bought back.
Yes. And this is why so many people aren't willing to buy, as their life doesn't allow them to, but that isn't the fault oif Hive or the industry. If anything, crypto is their opportunity to get into investing at a level they can't elsewhere with very little capital. Hive allows for some building with no capital.
A five year plan is goood and in 2, we will see what the next 5 will hold for us :)
!ENGAGE 20
Steem/Hive was my introduction to Crypto Currency. I am learning, and have built a small nest egg, whether that will grow or be worth anything is for the future to decide. If it works well, it could be a bonus to my social security, if mot I only lost 200 or so dollars.
Yep, it is a funny thing that with 5000 Hive, you could be very well off in the future or, it will be nothing. A few years from now, it will be one or the other.
ENGAGEtokens.