The HIVE Dip Is Here | A Moment To Panic Or Buying Opportunity?
The HIVE price is dropping! Everyone start panicking and abandon the blockchain. Which is exactly what you shouldn't do. But emotionally it is understandable that you might want to do something like that. The price of any asset will alter itself either positively or negatively when reacting to the bigger market. HIVE itself tends to not react as immediate as other altcoins but eventually it gets there. This does not mean that it's the end of Hive or that one should panic.
The opposite is true in fact. Whenever a token drops of a project that provides a valuable use case to the people that take part in the project, it usually means that there is a general reason that the drop is happening. If the project retains its value, this means that eventually the price will go up again.
This is obviously still the case with the Hive blockchain. The use case is quite clear and brings us guaranteed value, not just in earning potential, but in the awesome social experience the platform provides.
Knowing all of this, one should draw the natural conclusion that this drop is not as bad as we might think, as it is actually a pretty good buying opportunity. Have any extra fiat lying around? Consider buying some HIVE, bit by bit. Or if that seems too scary and you've been around here for a while, try converting most of your HBD earned to HIVE, and then just wait till the price goes up again. This is my game plan. Sitting on HIVE, selling high for more HBD, and transferring that amount to my HBD savings.
The crypto world has ups and downs, more than other financial areas. The best thing you can do is stay calm, think rational thoughts and react strategically. Over time the benefits of this approach will be evident.
What's your game plan for this HIVE dip?
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Not time run away or quit its time to buy yummy hive indeed. 💖🤩.
!giphy buy
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Via Tenor
Yes, indeed! :)
!PIZZA !LOL
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Plagiarism.
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(1/6)
i bought more at $1.18. im here to stay. currently have 1300 hive on binance. lets see how crazy i am…. xD if it drops more i will be buying like a MF. AGAIN. 2020 was a great year…
Fortune favors the bold!
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.DCA, bay bay! I'll be buying the dip, for sure!
Yes! I've been DCA-ing with each HBD reward for a while now. Might use my savings amount as well.
My choice to remove from savings was primarily because that's where I was keeping the giveaway money I had won, just for a time like this. But yes, I like the idea of using at least half of my HBD rewards to DCA on HIVE and deposit the other half into Savings.
There are lots of ways to manage assets here, I feel like I'm learning so much! !PIZZA
Any combination of strategies will be profitable, it's only a matter of which one will get you there faster. !LOL
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Because he hated capitalism.
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(2/6)
I'll probably just use some of my liquid rewards to get some more Hive but I don't think it's low enough for me to break open my own savings. If prices do drop further, I'll take it out then.
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I'm currently considering using my HBD savings. Not there yet either in terms of putting in more fiat.
Yes, great opportunity to build your stake.
hmm, steak..
!LOL
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Fo Drizzle.
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(3/6)
That's a stupid thing to runaway and sell all your assets.
In this situation u have to hold, in my opinion if you are holding and buying when the market is dropping, you're the winner.
Exactly, staying calm and assessing the situation beats panicking any day.
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I bought some luna yesterday at 1$.😅 I know its a bit risky but these things happen in crypto
!LOL You should definitely hold on tight then. 😂
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They can really get inside your head.
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(2/6)
Specially now 😂😂😂
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.steem engine is down! what should we do? 😁