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RE: The price of HIVE has dipped under $0.20

in LeoFinance7 months ago

I must admit I'm getting concerned. I'm way underwater compared to the fiat I put into Hive, and can't see anything going on to create a big upward jump, just the hope that the price will naturally creep upward again over time.

My current plan is that I've got a price in mind at which I cash out my HBD, take it offsite and put it into non-crypto investments. At least that way I can recoup a big chunk of my initial investment and avoid the risk of the HBD haircut rule kicking in and losing everything.

With regard to Hive Power, the power down period is so long that by the time the funds come available whatever is going to happen will have happened. So I plan to stick around, hope it doesn't drop to the point where the ecosystem gets turned off, and keep posting in the hope that one day I'll have earned enough to cover the losses. After all, Hive for me is primarily a place I can put the creative writing I do. Lesson learned, though - don't invest so much in any one project !

My next task is to see if there is a way to export the content of all my posts in a usable form so I can back them up locally. This is a final contingency although I hope things won't come to that ! The ideal solution would be to run a node (that way I'd have a copy of the whole blockchain including my posts !), but I'm nowhere near techie enough to do that, lol.

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I'm lucky, I never put much fiat in, so dont have an issue with having lost anything personally. However, it is a shame to see, and I guess there are a lot of people that have put a lot into HIVE and or its ecosystem, and that must be a big worry for them.

Heres hoping for the best.

Absolutely great plan brother, I got pretty shocked to see it go under but I'm sure it will rise as long as I keep my hopes up hahaha... But for real I'm very concerned too