My thoughts on buying Hive during it’s bear market trend

in Rant, Complain, Talk • 16 days ago

My thoughts on buying Hive during it’s bear market trend

Catching a falling knife

  • One issue with buying Hive during this bearish trend is you don’t know how far from the floor you are. So never spend all your available buying power at once. I have learned this the hard way more than once. Hive can always fall lower than you think it will fall. But in general it also will eventually cycle back up.

  • Hive is a cyclical appreciating and depreciating asset

  • One of the good things about investing in Hive at the bottom of a bear market, is that it is historically a cyclical and appreciating asset, so if you hold it long term you will encounter periods of depreciation and appreciation. Ideally you add to your HivePower during bear markets, selling your HBD earnings for Hive and then enjoy increased earnings of Hive during bull markets, and save your HBD to earn 15-20% APR and build your HBD reserves to purchase more Hive during the next bear market. So far in the six plus years I have been here this has been the pattern. So I am giving you the gift of my experience here on Hive, so you can make better decisions then I did :)

  • Hive is an income producing asset.

  • No discussion of Hive would be complete without discussing the fact that it is an income producing asset.
  • You can earn by upvoting posts and comments, call curation. This can be done actively by manually clicking the upvote button, or passively by delegating your HivePower to an active curator, of which there are many. They do the manual voting and pay you 90% of the earnings.

Delegation is a decentralized finance smart contract on Hive

  • This tool, is one smart contract on Hive which predated the whole decentralized finance summer billion dollar market from two summers ago.
  • Hive had Smart Contracts, before everyone discovered how innovative they were. It’s funny in a way how innovative Hive was and still is…
  • Hive still has human readable account names, in wallet staking, in wallet savings accounts and multiple passwords. These features are far more advanced then what you will find on Bitcoin or Ethereum.

  • The future

  • While no one can predict the future, but the longterm viability of Hive is suggested by its longevity.
  • The community has been here for over six years, and although it’s price cycles with the cryptocurency market, past history would suggest that its price will recover.

Posted Using InLeo Alpha

#bear-market #gems #ocd #hodl #cryptocurrency
16 days ago in Rant, Complain, Talk by
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    • [-]
     15 days ago  

    Thanks for this post and sharing your experience with us. I didn't expect HIVE to go below $0.20. At this point I say it seems like a good time to buy

    [-]
     15 days ago  

    Your welcome. I think you are probably right. While it is possible for Hive to go lower, it seems unlikely, and this price is still a very good one compared to a few months ago, or six months ago.
    It is always hard to think of buying during the down turn, but easy to look back during the upturn and wish you bought during the downturn. It's just not intuitive, but my time time in the saddle suggests it's time to ride.

    [-]
     15 days ago  

    It's funny that you @shortsegments didn't write a disclaimer, but your follwers did!
    Ha HA

    [-]
     15 days ago  

    This is a pretty bold post, considering the price of Hive has been dropping for a while, and the end is not in sight. However history suggests Hive Price will rise again. But until then it's really courageous to suggest buying it.

    [-]
     14 days ago  

    Ha Ha I have faith and patience to wait. Plus make money while I wait.

    [-]
     15 days ago  

    While we all can benefit from your experiences, we should all do our own research.
    I think any review of Hive price on an exchange will show this to be a pretty low price, which many will look back at and wish they had bought. But if Hive dies they will not be happy. It think it is unlikely that Hive will die, but all new investors must remember that possibility, and only invest what they can afford to lose.

    [-]
     15 days ago  

    Very nice post on the cyclical nature of the Hive price.
    As a veteran of several cycles you know the price will eventually return, but of course noone knows when and noone knows how low it will go. But we all know that IF the price goes back, we will all look back and think that we should have bought when it was low.
    It takes guts, and conviction to believe in a project will go back up in price. Right now there are a lot of naysayers saying Hive is dying.
    So your timing is good.

    #smallbites
    #lalai
    #cutecurator
    #edicted
    #taskmaster4450

    [-]
     15 days ago  

    I just noted all the disclaimers in the comments. They are more cautious then you.

    [-]
     15 days ago  

    Thanks for sharing.
    While we all have to make our own decisions about buying any investment, it's nice to hear that Hive has cycled down before.

    #upvoted
    #reblogged

    [-]
     15 days ago  

    It's funny that @shortsegments didn't write a disclaimer, but his follwers did! Ha HA

    [-]
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