Every dip in the market should be seen as a better opportunity. Many investors get worried when the market dips but if I talk about myself I feel happy because I get a chance to buy. I bring my buying average lower. Every dip becomes a good chance for me to buy at a lower price. With every dip my stake is increasing. I have a very clear goal that is to reach 20K hive power.
What's The Difference Between Hive Investors And Other Crypto Investors?
I have seen a clear difference between other crypto investors and Hive investors. When the market dips investors get worried. Those who have cash will buy more and bring their average lower. But what about those who dont have money?
Such investors get worried those who dont have money and are stuck in some coin. Now they have only two options, either hold until it recovers or sell at a loss. But the situation of Hive investors is totally different. I often read posts from Hive users and they seem more satisfied.
They dont make noise when the market dips. Instead they stay busy in their blogging and show a good spirit. Every user writes things like “I bought this much amount” “this is my target” “I will buy more and stake” and many such motivational posts can be seen. This is how it motivates the other users as well.
The main reason is that Hive investors blog regularly and keep earning on it. Whether the earning is small or big it keeps adding to their total and lowers their average. If a Hive user doesnt have money to buy in a dip still he is doing averaging because the earning from blogging keeps adding up.
Converting HBD to HIVE On Daily Basis
If I talk about myself I really like market dips because these are the times when I buy more and increase my stake. Along with that I convert my daily earnings and my stake keeps growing. I do convert my HBD to HIVE on daily basis and its the ideal time to get more hive from HBD
Right now according to the current market 1 HBD gives 9 Hive which is a very good chance to collect Hive. If this rate stays for a few months a good amount of Hive can be collected. In one of my posts I said that if Hive price comes to the $0.12 to $0.10 range I will do another layer of buying.
At the time of writing Hive price is $0.138 and I will wait for the price to fall more so that I can start my second layer of buying. In the same way my third target will be to buy more Hive at $0.08. This is the strongest support level of this coin and from here there is a 90% chance of rebound.
So keep your money safe and plan for the next buying. I feel the crypto market will crash more and the big reason is the trade war. Anyway for me a crash is a good thing because it gives me another opportunity to buy more and keep on increase my stake.
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. Those who will interact will get my 100% upvotes. My staking is increasing. Thank you all for your time reading the content.
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REMEMBER: We should prepare for the unexpected and 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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Interesting update @asgharali,this is so insightful, wishing you more wins.