Keeping HBD in savings for times like these
As of writing this post we are seeing some bloodbath in the market where some of the currencies are badly hit and there was one coin which we all did not want but again that is crashed which is none other than Hive. The price of the Hive is less than the HBD and if the selling continues, it might go further down.
PC: Pixabay.com
It was I guess started from last week when almost everyone's portfolio is bleeding. Same with me, my portfolio value is almost down by 50% from the highest it went. This scenario is giving us an opportunity to invest some fresh money to get some good coins in discount but again we have to be cautious. As the market is in a downtrend, you never know when it is going to stop going down.
What I have learned from momentum investing is that do not catch a falling knife and thus the market is like a falling knife now, so just wait for some time before making any move because when the market sentiments improve and if it starts rising then we can actually invest the fresh money which we want.
Coming back to our Hive, we have seen the Hive's potential from going from 19 cents to $3 mark and if it is going down because of the market conditions it will surely go up when the market improves and thus we can reap the benefit of that price high. Along with that keeping HBD in savings is actually good for the times like these.
I was having a conversation with one of my Hive friends as to what to do with HBD earned from posts, I was advocating it to keep in savings to get 12% interest and at the same time when he sees an opportunity like Hive falling or Hive going down then HBD, they can convert the HBD to Hive because HBD is almost pegged o $1 whereas Hive can go from 0.10 cents to $100. And that's what I was also doing.
I also saved some HBD in my savings to get some HBD as an interest along with that it is that money which we can invest in Hive to get more Hive if Hive is falling down so actually we are getting quite a benefit by just having the HBD in our savings. I know I am nowhere having a lot of HBD but again I have some HBD and will continue to add more and get the goal of 1000 HBD by year-end.
Market going up and down is part and parcel of the market but how we react is the question. When everyone is selling we should be buying but again we should be buying with caution and not invest all of our money. This is the opportunity which we were waiting for and thus this is what the "Buying The Dip" means. But for HBD holders buying the dip is much better because along with earning the interest we can get the HBD from savings and buy the Hive to get more Hive and thus Power Up to get more power.
So what you are doing with your HBD in savings or are you keeping it in savings or Buying the dip.
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You can't predict the bottom....but incase you fund to invest...then definatrly go out for some strong base...like of dot/luna/bnb /Theta...you never going to regret..the moment market took an uptrend these will Goin to spike from their current low
i have been investing in the DOT for some time, now since it getting dipper I will wait for the bottom, I know no one can predict the bottom but still I guess for DOT $15 is very much possible.
Matic is now also under the radar..so chk it...
Sure, thanks 😀
Wise thought, I am still in dilemma regarding what to do.
Just wait for some more time to remove any Dilemma
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I'm in total agreement. While I haven't gone so far as to swing trade Hive/HBD, I've been sitting on some HBD that I used to buy up Hive for swapping into various Hive tokens.
For example, I picked up some WAX I want to stake for the ability to try out new WAX games, and I picked up a few things here and there for other crypto games now that there's an interesting buying opportunity.
Not everyone has taken the gaming route with this dip, but there's definitely opportunity to prepare for long-term growth when Hive dips below the value of HBD.
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That's absolutely correct because if the Hive goes below HBD you can earn more Hive and thus create your long term portfolio.
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You got some good plans,
Well, I am still in a dilemma about what to do because whenever I tried to jump in I end up messing up. So for now I am just watching everything and waiting for a comfortable zone.
That's great, everyone has their own thinking...Good luck for any strategy you make