Ask Leo: When Hive Gets To $100 Will You Sell Or Keep Hodling?
So recently I have been day dreaming and fantasizing about my life and what it will be like when Hive ever gets to $100. I have read some people’s post about Hive getting $100, while some people feel that this might take a while, am confident that we might be seeing Hive at $100 before the next 3 years. Yes!! 3 years, I said it, because Hive is great and when the world finally discovers Hive, Hive will moon like never before.
Another reason am confident about Hive getting to $100 before the next 3 years, is because I joined Hive when it was $0.17. I watched my friend who I introduced to Hive doubt Hive because it was $0.17. When Hive got to $3.14 last year he was filled with regrets.
Hive getting to $100 is not as far fetched as people think it is. Hive at $100 will put the market cap at $38 Billion, which is achievable. With the world’s awareness towards Web 3.0, trust me, Hive is not going to be unnoticed for so long, they might ignore it now, but the community is strong and beautiful. I love how independent the community is and how we have the same goal which is, promoting Hive.
Okay, that’s enough Hive preaching, let’s talk about my fantasy of Hive getting to $100. I have thought of numerous things I would do. Initially, I said I would initiate my first Hive power down when Hive gets to $30, but right now I have changed my mind. I won’t power down any more and I hope I don’t find my self in a situation where I need to power down.
If we are using my current Hive power to do my case of study, when Hive gets to $100 my total Hive value will be worth $266,000. That’s a lot of money right now, enough to buy your self a decent house in Nigeria. But in crypto, business and life generally I have learnt that money helps you get more money. If I power down my Hive at $100 per Hive, sell and buy a house, after buying the house, what next? Imagine after buying the house, Hive grows to $1,000, that means that I have missed the chance of having $2.6 Million because I wasn’t patient enough right?
This is why we need to learn from the mistakes of people who bought bitcoin at $1 and sold it when it got to $100, right now Bitcoin is on $40k. You won’t blame them for selling that early because if I was in their position I would do the same. But they have made that mistake, my job is to learn from their mistakes. So personally, I won’t sell my Hive when it gets to $100 I will keep curating and earning from curation, money I make from curation is what I will spend. I don’t really know what price of Hive I would sell but for now I don’t think I will be selling my Hive at $100.
Hive has given us the opportunity of earning from curating and getting airdrops, so all these can help hold you down while you hodl. But I’m sure Hive will get to a certain price that I will have to sell it and upgrade my life. But let’s not forget that this is just based off the calculation of my current Hive power. I’m hoping that before Hive gets to $100 my total HP should be 20k HP by then.
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useful info. Thank you for sharing your opinion in this community. 👍
Thank you very much for reading my post.
You are welcome 😊
.
True, that’s the funny thing about crypto, anything can happen, time will tell
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Well said @readthisplease
I also feel this is an awesome reminder too... Because people tend to forget things easily.
Kudos!!! 👍👍
Thanks a lot for reading.
If I sell a thousand pieces of hive at 50. I think I’m very set for life
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😂 that’s $50,000, that’s a lot.
That is the way to look at it.
So if you get 10,000 Hive, you will only have to sell off 1/10th your holding.
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I wouldn't want to make sell mine either until it reaches $100,those who sold theirs when it was 0.17$ missed many opportunities now that it is $1+ it won't take long for it to reach $100 any beyond.
Learning from others mistake
That's right..we need to learn from others mistakes and don't make such
It depends upon what things look like at that point.
I will be taking some off the table on the way up but my core holdings will likely remain in place.
Why sell at $100 if things are going to $1000? It all comes down to development and growth rates. If both are taking place, we are going to have every reason to believe there are higher levels ahead.
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HODL or SELL!?!?!?!
The answer for everyone should be "both".
It doesn't matter what the price is.
Crypto is so volatile that we should always be ready to buy the dip or sell the spike.
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Exactly!
Hodling everything and not selling at all might result in regrets. Selling everything and hodling nothing, same regrets.
Hence, we should be able to set a balance.
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I'm not parting ways with Hive in a looong time. HP and RC will be the most valuable assets on Hive and I want to hold as much as possible for different reasons.
If we ever reach $100 per Hive it will be financially irresponsible to sell it. You will be earning so much from curation and delegation that there will be no need to sell your bags.
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That’s exactly what I thought, but at some point you will feel the need of selling a big bag because you want to feel a little bit extravagant. Talking about myself though
Everything is relative in this world, because let's see, if you need a house and the cryptos you have in your possession are worth enough to buy one, why wait?
On the other hand before Hive reaches $100 it must first reach $5, a figure that in the last year has been the benchmark of many analysts here since the cryptocurrency cost $0.2 and that at the moment is still somewhat far from that first goal.
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you made an interesting point, i never thought of selling at any price but instead i was think of using money i get from HBD savings, come on think of it... why sell the worth of $200k then you will be making $2000 per month in HDB. i right now save little HBD and more hive so that when HIve gets so high i can Just swap some to HBD and relax and let the Hive I have converted gets to back up, great idea rigth?
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😂 very great idea, but am not psychologically strong for that.
it's okay, everyone has his own breaking point.
🙃
I'd say it'll be a good time to sell income earned on Hive & HODL existing HP. You'll still be taking profits but technically HODLing as well :)
!PIZZA
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Well, your upvote and curation power would be enormous, which is also income. However, a good rule of thumb is to sell 50% and hold 50%. It's hard to say what you will do until it actually happens... you might find you act completely different from your predetermined plan...
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If HIVE reaches $100, you don't have to sell. Let's say that you write a post set for 50/50 rewards. If you make 1 HIVE reward, you'd also get 100 HBD reward. At that rate, it is so easy to save money. Just pile up your HBD and live off the interest.
Also, keep in mind that before you get to $100 HIVE, you'll have $99 HIVE, and $98 HIVE, and so on. You will have earned so much HBD by then that you won't need to sell HIVE.
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My goal is to build enough HP to create a weekly income that I can skim off the top.
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That’s the goal
Quick one: I'll sell some and also hold some
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