I feel that it is still a good time to purchase Hive. I say this because we have had tough times in the past as well. But in spite of that Hive was able to reach a new all-time high. When a new project kicks off on Hive or an existing project comes up with a great feature, the price of Hive will have a decent pump. Right now due to the Luna situation, the market has not recovered. This has created good buying opportunities for many people.
People who were waiting for a long time to invest in crypto are making use of this opportunity. There are also people with lost hands selling crypto due to panic. They cannot be helped but people who in the general book some profits are also okay. A few days back I powered up a huge amount of Hive. My target is not much but 1$ Hive again.
I remember an instance a few months back. The price of Hive got a major hit and reach almost 60 cents. Many people thought that was going to be the start of a bad time for Hive. But we were all confident that Hive would go back to 1$ again and that happened. Just in another week or two, Hive went back to 1$. People who would have bought some tokens in 60 cents range would have gotten a decent profit. Those were the times I did not have any liquid funds in Hive. Today I'm thinking of exchanging my HBD holdings to Hive and waiting for the fortune.
Some people say that the recovery period for Hive maybe after 6 months or so. That's one of the reasons why I wanted to power up the Hive I bought for a short-term profit. If at all Hive goes to the moon, I will try to power down or just use my liquid funds alone. But I still see the current price of Hive as a good fortune. I wish I had more money in Hand to invest. I'm having a double mind about taking HBD out of savings and using them to purchase Hive at the current price. I don't know if that would be a wise thing to do or not. I will try to think a bit more about that and execute the plan. Even if I do so, I will have some funds still kept in HBD and buy Hive for the remaining. I'm thinking if I should be doing this towards the end of the month so that I can power up those Hive on Hive power-up day. Let's see.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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Posted Using LeoFinance Beta
Not all project will survive this bear market.success of any good project depends on the community. Hive as a very good community.
Posted Using LeoFinance Beta
Took advantage of the current bargain price. I just bought 72 HIVE yesterday.
Posted Using LeoFinance Beta
Very good. Congrats and wish you good luck.
Thanks!
!PIZZA
I think it's a good time to use some of your liquid HBD into Hive. I am just waiting for some more time before I convert more HBD if prices stay low.
Posted Using LeoFinance Beta
I already cashed out my HBD from savings. I'll be converting them to Hive soon.
I'm thinking along similar lines to you. I converted what HBD I had at 0.38 (HBD/HIVE), thinking that HIVE will get back to the $1 mark at some point. And if it takes a while, no problem, I can wait.
Posted Using LeoFinance Beta
Exactly we can wait and we have no rush.
Analyzing the short-term chart, I think that a good buying opportunity can be found at $0.35, however in the long term, buying HIVE now will always be a very successful option🧐
Yes when more projects start emerging inside Hive, this will be a great opportunity indeed.
I am sure Hive will recover again, as will most of the rest of the crypto market, I just wonder when??
Posted Using LeoFinance Beta
Yeah we cannot predict when but I'm sure it will be soon.
surly, the rise in interest rate by 0.25% directly affects dollar liquidity. primarily, it creates limited access to loan to invest so that it reduces money circulation from the market. therefore, it forces people to sell their property including stock and their cryptocurrencies. Therefore, we expect the decline in price of cryptocurrencies including Hive mostly beginning from July 2022. As you said, it is the right time to purchase Hive. additionally, also would like to encourage investment in stable coins as well.
Thanks
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