So we have hit another low, and for what it is worth, I would like to join the "we are dead and going to zero" rant. So Hive did not hold 25 cents and instead dropped to 21 cents, and the guns are coming out. Oh, I "should have sold at 30 cents" and "oh, this Blockchain is the worst ever".
I have already read a dozen posts containing these FUD phrases, and it is time for me to join. I am not going to downplay the negativity out there.
The market is bearish, despite the fact that we appear to have exited the bearish range. It is even more annoying that BTC appears to be holding the line fairly well. Despite all of its dips, it remains in a very good position. It is surprising; by now, many people believe that the alts should be joining the party, but this is where we are.
I believe that people who have been holding since 2017 will feel betrayed by the market, and if they did not take profits during the last bull run, the consequences will be even harsher. I do not think it is time to complain; I understand that fear and emotions are driving people, and even if we did not expect such a drop, the overall market is not doing so well. It is also easier to say, "Do not worry, we will recover," but at this point, everyone is or should be responsible for their emotions and whatever they choose to feel at the time.
I have personally refrained from commenting on doomsday posts because I understand what these people are going through; it is not like I have not felt it myself, and simply sitting down and looking at the dollar value of your stash can be depressing.
However, one of the reasons I always preach discipline is that Hive is a unique place. People who persevere in the face of adversity are highly valued by stakeholders. I have seen people rewarded for loyalty and shunned for disloyalty. One might argue that it is a crude method of operation, but loyalty is what keeps a project going.
Price Actions Negates Loyalty
There are people who made Hive a possibility, and if these people had simply liased or kissed Justin Sun's feet, we would not have what we have now. Many people prioritize the token's price over everything else. Some may have argued that it would have been better to morph with Tron. However, this is what we do.
When things do not go our way, we tend to believe that the grass is greener on the other side
As for the price, I am not sure if we have bottomed out, and I do not want to sit here and say that the previous cycle followed similar patterns, bottoming out at 9 cents and peaking at 3.4$. Even though patterns are strong indicators, each market is unique. This market is unique, and if you want to panic, I believe you have the right to. If you want to rage quit, that is entirely up to you. I am not going to give any assurances.
The Dip Here Is Known To Be Brutal
I was here during the 2018 and 2019 dips, as well as the 2021 lows, before the market recovered, and the experience was similar. I know a lot of people who quit because of the continuous bearish trend; it was brutal, but they had every right to.
True, Hive still needs to mature.
From the design of the DHF to the implementation of the marketing proposal. I understand. I find it difficult to vote on the bogus proposals. The most recent proposal I voted on was made by this BRO token man. I thought it was good, and the majority of people agreed.
In other words, we have a lot of work to do, but we must remember that Hive's democratic nature makes these tasks take longer to complete.
In Conclusion
Finally, we could go as low as 18 cents; I believe we will just hit bottom there. I still believe Hive has the potential to cook in the upcoming run. I will not make any predictions or assurances.
I just know we will recover when the time comes, and everyone has the responsibility to do whatever they want to alleviate their fears and emotions.
Interested in some more of my works
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It has never been an easy week for me but we will keep pushing and believing that it will only get better. This makes my all-time goal which is 70k a possibility.
I know it's personally not been an easy week for you man, keep pushing it. I'm guessing this is the last lap of the bearish trend. You'll eventually win big.
Good to hear you are staying positive through these hard times. It feels that Hive is a melting ice cube right now, I hope it can recover quickly and we can enjoy some good times again.
Hehe, I'm not just staying positive. I feel that people deserves to be angry whatsoever. It's better to talk about it. Generally if one don't stay positive, it's of no use at this point. Making money off crypto isn't easy
It ain't easy, you need to look at many angles when hustling in crypto.
I woke up this morning with a lot of concerns. I thought the dip was over at 25 cents lol
I think we will recover over time. Nobody can predict where prices will go in the short term and I think the FUD is just going to get worst over time. I still believe in Hive so I have no plans on selling for now.
Definitely, we will recover. I think what scares people more is where the bottom is. Generally the alt market is in choas, is typical to see Hive as the scapegoat
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Thanks man
I am buying now, hope I got close to my target.
You're buying? Hopefully, the chain will reward you.
I think, reading it is a great assurance to a first time like me experiencing the low value of Hive. For me, I just continue what I'm doing, keep blogging, and let the people behind the community do the rest. Am I right? What do you think should I do?
Well, there's nothing to do, except the next option is to actually quit...
Oh.. so sad to know the option. 😪
For real bro it’s really tough seeing the dips, but I believe staying disciplined and patient is key. I kept checking my wallet to see the price changes and when it crossed all the way to 22 cents I was like wait what😳!! However Hive's unique and strong community will pull through I believe. I'll just keep contributing and not forget that the market always has ups and downs.
Well, if you were here in the last bull run, you'll understand that these things can actually happen. However it still feels awful
Yes bro I wasn't here so this is kinda like my first time. I read some other blogs saying it's the first time it crossed 22 cents since 2022 so I thought the worst had happened. Some say it may go all the way to 16 cents but that's not a bold prediction. I hope it doesn't happen though
I won't downplay the feelings of people who are put down by this harder than expected (by many) dip. It's my impression that people got used to HIVE being kind of stable and forgot it is volatile, and that is how it is meant to be.
For me, I like to think that everyone feeling the heat deserves to feel what they're feeling without being judged. It's not the first time this is actually happening, I just feel that some people think we've already bottomed before this dip.
People often love to judge others... Feeling the pain of a loss is difficult to bare, especially the first time or if we don't learn from (usually) our past mistakes. Even when we seem to have understood our lessons, we will still make mistakes. I believe enough times these feelings are a way to not forgive yourself for your own mistakes. We need to give ourselves some room to maneuver.
I think anyone used to this market and still feel very bad about this dip may have not learned anything. I know that newbies might not really know what's going on and hence they might just make mistakes. However the market eventually teaches us vital lessons. Sometimes these lessons might just be unfair
Some say the losses experienced by newbies represent their tuition fee. It feels a bit like throwing the children in water to teach them to swim. Kind of cruel, but in the end, in most cases, effective. It either teaches the child to swim, or they'll never go near water again for a very long time.
I think we may hold the line at $0.22, at least I hope. This time I put my money where my mouth is and bought 428 Hive when it was below $0.22. We shall see if it was a really bad move to convert BTC to Hive!
That's a very good move. If I had the money, now would be the best time to ape in for me. I regret being in this financial position.
True, indeed we might have just bottomed out, or expecting one last lap
I hate parting with any BTC, but I felt it was worth the gamble. I think things will bounce back soon!
Well BTC seems like the only thing that's just about holding lol
And it's going down too, I had hoped 22 was going to bottom out, now I hoping for 20!
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That's crypto market for you my friend.
It only understands fall and rise, and these rise brings joy while the fall brings complaints just as you've said.
As a crypto trader, there will always be seasons for loss and boom, hehe. But the main fact is to keep strong and analyze.
Enjoy your day my boss.
Time to fill the bags 💰
I’m glad you’re staying positive. This dip affect me but God pass crypto😅