A significant drop in the price of #HIVE coin to $0.28 makes me unhappy. The price has also dropped to $0.26, creating a wick, which is very concerning to me. I don't like seeing the price of hive drop as quickly as it did. This is due to the fact that we are working on a solid project and a solid blogging site.
You've probably noticed that the price of #Bitcoin has dropped from $28600 to $26200, an 8% decrease. The entire market is down, and altcoins, including our beloved #HIVE, are suffering. But one thing worries me about HIVE's price movement: why is it dropping quicker than other altcoins? When comparing these two coins, I took note of both #ADA and #HIVE.
HIVE falls more quickly than other altcoins. The price difference between Hive and ADA used to be roughly 6 cents, but today the difference is only 2 cents. This obviously shows that #HIVE is losing value quicker than other altcoins. However, this must not be the case, and it must move more slowly than other cryptocurrencies.
The reason for this is that we have a good blogging project and a strong staking option whose job it is to keep the price from dropping too quickly. But we still observe that #hive dumps poorly, with a decrease of nearly 20 percent in just 48 hours. This is a sad day for us #hiveians since we need to see the price rise in order to improve our incentives and rewards.
When the price falls, the hive environment begins to struggle. Because the price of #hive determines our voting mechanism and the entire reward system. When the price of hive rises, you will receive more rewards in your contents and your vote worth will rise as well. However, when the price falls, the benefits are reduced in proportion to the price drop.
I've noticed that whenever the price of a hive drops by a large percentage, I experience financial tension over my investment. I started caring about my money and my hard work as a result of three years of hard effort. Despite the fact that this ecosystem is far more secure and a safer investment location, it causes me concern. However, price fluctuations are a normal part of a business.
It's evident that when the price drops, you start thinking about your money. It occasionally causes us to make poor decisions. One cause of the price drop is panic, which leads to poor decisions. Another issue that arises as a result of the hive's price decrease is a reduction in community engagement.
Less people will be active in the ecosystem, and the amount of posts will be reduced. Many writers are only active during the bull season since they only want to gain money from this platform and do not consider the worth of the ecosystem. They are the type of selfish people who do not regard the platform and are just concerned with personal riches.
As a result, one of the causes for the hive market's decline is that many users become inactive in the ecosystem while waiting for the price to revive. As a result, several difficulties arise when the price of the hive falls. The only thing that concerns me is my investment, which is a natural concern for everyone.
Despite these difficulties, there is a significant benefit when the hive price is down. I've discussed several disadvantages while the price of hive is low, and many individuals may be wondering if there is any good news during this time. Yes, we have an edge during the bad market in that you may quickly raise the amount of coins.
When the price of #hive was about $0.35, you could only get 1HBD=2.8HIVE, but now that it is close to $0.26, you can get 1HBD=4HIVE. This is a significant difference between the two, and the benefit is right in front of us. Those looking to invest should look for the greatest timing and lowest price to buy and is right now. Those with #HBD coins can also convert to receive extra HIVE at the present pricing.
This is my attempt to inform you about the difficulties that arise when the price of hive falls. In addition, I describe one of the major advantages during the price decline and bad market. I hope you find this post educational and informative, and I hope you like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
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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Reason to Downvote:
Vote trading aka vote for vote.
Did you only find my account? Or do you have another problem with me?
If you visit my comments, you will find out that all Pakistanis who followed the trail received the same comment and downvotes. Additionally, a pre-announcement was made earlier to share with all Pakistanis and their friends. Some unfollowed the trail earlier and avoided receiving downvotes.
There is also reasonable evidence that you were teaching all kinds of inorganic voting methods to newbies. Please refrain from teaching newbies about vote trading trails.
Okay, I get it. Are you okay with my writing, tags, and other rules?
Same reason as @dlmmqb
@acidyo
I'm disappointed that you downvoted my post without warning. While you had warned others to get remove from the trail.
For your information, I have removed myself from the BS trail, and please refrain from downvoting.
You had received a warning already by @dlmmqb you decided to ignore the issue at hand and ask him what he thinks about you and your content and then also mute him. On top of it all that you've been unfairly trading votes for a long time, these downvotes are nothing compared, but I'm sure you're well aware.
@acidyo
No, after his warning, I left a message for the B's trail to remove me as soon as possible. It will take some time for him to remove me from the trail. When I received a warning message that day, I removed myself. Please understand that removing from the trail is not in my hands, but must be done manually by the BS.
Okay, that's good to hear but my downvotes still stand, on top of what I said you've also been leasing HP just to increase the selfvoting through vote-trading even more and to make the lease profitable. Who do you think is losing if both the leaser, the platform taking a fee leasing arranging the lease and you profit off of the same deal? The rest of the platform and stakeholders not doing these shitty activities. Shame.
I still see $2 to $3 Hive next year. Time to buy more!
I really like it. I'm looking forward to that moment. I believe we will see this pricing of $2-$3 by the end of 2025.
Probably higher. The all time high back in the steem days was around $7 or so.
I don't believe the price will ever reach that level.
Don't rule it out. Wouldn't suprise me actually.
Hmmm, my opinion, but there is a chance of seeing that level in the very long run. For the time being, I'm focusing on the $2-$3 price range, which has a better chance during the bull run.
Indeed, that most certainly will happen.
It's temporary. Now is a great chance to restock HIVE !
I have no money to buy 😄 Out of Cash
I feel sad to see the price fall too but there's nothing we can do about it.
Don't worry
After every dark night there is a bright day ☀️
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Diversification is one method for protecting money and reducing risks. However, I believe that this is the greatest price to keep all of your money in #hive. When the price of hive reaches $1, I plan to convert 50% of my holdings into HBD.