One big advantage of staying in the Hive ecosystem is that you always have hope in every market condition. You have a purpose for being here and you remain protected from much of the stress that comes with the investment world.
We all know that the price of Hive is down. Since its recent pump, the current price of around $0.0488 is more than 100% lower from its peak (Insane 😗). This is very painful but this is part of the market. It is not happening only with Hive, almost all cryptocurrencies are bleeding.
In such situations, when the price of #HIVE is low, the ecosystem itself gives us hope. Through small earnings you can set your goals and continue increasing your stake by following a proper plan.
This is the time to adopt a strategy. Many Hive users bought Hive at higher prices, and many of them are worried right now because nobody expected such a huge dump. However, such things are possible in the crypto world.
Instead of panicking, selling everything and booking losses, I have a strategy that may help you stay relaxed. Since I have also bought Hive, I started thinking about different strategies, and I came up with some ideas that I want to share with you.
Plan 1
First, check your current buying price. If the current market price is close to your buying price, simply lock your #HIVE in Binance Flexible Earn, where you can receive around 18% APR.
Then wait until the Hive price reaches your buying level. At that point sell 50% of your holdings and keep the remaining 50% for future profits...
Plan 2
If your buying price is more than 25% above the current price, I do not think such a strong recovery will happen very quickly.
In this case, keep 50% of your Hive liquid on the exchange and power up the other 50%. This way, you can benefit from both curation rewards and staking rewards.
Plan 3
If you are facing a loss of more than 50%, then consider powering up your entire amount.
Start curating properly and increase your engagement within the ecosystem. This will help your account continue to grow.. Instead of focusing on how much loss you have just do focus on the ecosystem and set a new goal for yourself which will be interesting as well..
Let say you currently have 20K HP then set your next target at 25K HP and try to achieve it as quickly as possible..
Plan 4
If you have not bought Hive yet, my opinion is that you should wait. There is a possibility that Hive could touch $0.03, which may become a very good buying opportunity.
If we look at the weekly chart of BTC, it appears to be in a bearish phase, and reaching $48K within the next few months seems possible.
In that situation, #HIVE could also fall to $0.03. This could become an excellent entry point that may offer significant profit potential.
Under this plan, keep your funds in #HBD and place them in savings. Then wait for the price to reach $0.03. At that time, convert your #HBD into #HIVE.
These are some plans for you. Choose the one that suits your situation best, follow it and continue enjoying Hive..
Without a doubt Hive's success depends on all of us working together. The success of every frontend matters and only through teamwork can we achieve it.
Love you, #HIVE.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
REMEMBER: We should prepare for the unexpected and always hope for the best. Life may not be easy but you must do your best and leave the rest to God...
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Quite Insightful 🙌. I would like to know more about the same...
I will surely add more in the next...
Thank you
A good summary - thank you ! The one thing I'd possibly disagree with is buying HBD. Right now, it's a bit too close to haircut territory for my liking. But I've got a sell position lined up to turn my HBD into HIVE before we hit that point, and with the HIVE price so low, that buys a lot of HIVE 😀
Allright fair enough
It depends on your strategy and what you think is the better option in this situation. I will go with my plan 1 because my buying average is not too high. Therefore for the time being, I will keep #HIVE in liquid form.