Why converting obscure Hive Engine tokens to SWAP.BTC might be a good idea?

cryptothesis in #hive-167922 • last month

I've been swapping my freshly earned H-E tokens to SWAP.BTC. This helps me to pile on Bitcoin, however small amount it can be. Here's why I think it makes sense.

With only 19 to 20 million Bitcoin in circulation (out of the maximum 21 million), and growing institutional interest, Bitcoin has a clear value proposition. The recent attention from figures like Trump has only added to its momentum in the financial system. Now, BTC has my attention.

I get a bunch of random tokens from my activities on Hive, such as POB, LEO, PEPE, etc. Instead of holding onto some of these smaller Hive Engine tokens hoping for significant gains, I'm taking a more practical approach: I convert them to SWAP.BTC.

Of course, I maintain core holdings in HIVE and LEO, and only convert excess Hive Engine tokens to SWAP.BTC.

I like to think of it as a form of Bitcoin mining - by converting smaller assets into BTC, as a by product of my Hive activity.

Hive Engine tokens, while interesting, can be volatile and may lose value over time. Bitcoin, with its established position and limited supply, offers a more stable long-term option.

As Saylor notes, it's like physics - the fundamental properties of Bitcoin, with its potential to suck in the world's wealth, make it an appealing store of value.

Once we have a comfortable amount of HIVE and LEO, converting extra Hive Engine tokens to BTC can be a sensible move. It's not about completely exiting these tokens, but rather about managing risk and value preservation.

Have you tried similar conversions? How are you handling your Hive Engine tokens?

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#proofofbrain #bitcoin #neoxian #indiaunited

last month in #hive-167922 by cryptothesis

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yecier last month

I convert all the random tokens to a few of L2 Hive tokens. Those to have a curation earning and a live community. Once I get a nice punch of that I will start converted all the random tokens to Hive or HBD

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milaan last month

It's a pity if you are in crypto and you dont have even a fraction of BTC, after 2030, BTC will become part of the forex reserve all across the world, it's shaping in that direction.

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cryptothesis last month

I love your confidence, mate!

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milaan last month

Thank you.

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india-leo last month

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kenny-crane last month

Bitcoin is King, no doubt about it! It has a clear cyclical nature and one can buy low and sell high.

Hive-engine tokens are Fun though.

If you get a feel for a few of them, you can often 2X to 4X your HIVE by buying low and selling higher. The liquidity is low though, so your 2X might just be from 5 Hive to 10. :)

You can also show support for the community the token may represent. These days people value being in a digital community. They value the camaraderie and fun of shared memes and catch phrases.

You mentioned just a few hive-engine coins and PEPE was one of them, thank you! PEPE has been around for well over a year now, and prices are at least 3X from the start. Of course the price is in HIVE, which has halved since then. Meanwhile I know SPS is down 99% over the same year, and I don't follow LEO much but I'm thinking it is down maybe 50% or more?

SPS is part of the Splinterlands game which makes it more than just your typical hive-engine token. LEO is the token of that large community which also has Threads and some dex connectivity with Maya protocol. They do a lot for us all.

PEPE has the PEPE Game @pepegame now, which doesn't store data on the hive blockchain currently but pegs its game currency to HBD. The game is kind of a Splinterlands Lite, for those like me who have a hard time keeping up with all the rule changes over the years. It just started a month ago but over 50 people have played it. There is a way to Play2Earn but it is a slow process. Mostly everyone is playing it now just for the gaming fun.

Well that's my way too long reply to your excellent post! I was inspired to thinking about hive-engine tokens and you're right about the fact that

Hive Engine tokens, while interesting, can be volatile and may lose value over time

but I thought I'd add a little color commentary based on my own unique experience with hive-engine tokens.

Have a nice day! :)

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cryptothesis last month

Thank you for enlightening me. I knew too little about the workings of these tokens. But yes, I am very very very long with BTC.

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indeedly last month

_(4/10)
@cryptothesis! @svanbo Totally agrees with your content! so I just sent 1 IDD to your account on behalf of @svanbo.

Indeed Logo

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svanbo last month

I think it might be a good idea to swap but I'm not sure if at the moment it isn't wiser to swap to HBD than to BTC. I believe we're heading to a Bear Market soon. BTC is climbing too high too fast !INDEED !LOLZ !LUV

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luvshares last month

Made with LUV by crrdlx

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lolzbot last month

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_{Credit: blockchainerx}
@cryptothesis, I sent you an $LOLZ on behalf of svanbo

(5/10)
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cryptothesis last month

I think it’s whether we have a long enough time horizon, and the risk tolerance. These HE tokens are usually so small they don’t mean anything to start with. If the value is not in SWAP.BTC, they more likely get evaporated.