Hive: The FUD, the Strength of HBD and effects on Hive-engine market
The native cryptocurrency of the Hive blockchain, $HIVE has a downtrend in its price over the last 7 days. In fact, the price is almost half of what it was last weekend. At $0.77, Hive has made a shown a 13.71% loss in its value in the last 24 hours and the price trends shows it may dump the more to the lows of $0.5. At this point, there is Fear, Uncertainty adn Doubt (FUD) in the side of newbies to the cryptosphere as well as weak hands. The FUD would lead to more users dumping their HIVE so it doesn't lose more value.
In my first two years on Hive, I had fallen a victim of FUD and had lost much valuable assets because I wanted to take advantage of the market lest it bleeds deeper. It dawn on me that a bull season succeeded the bear and it was painful how much valuable assets I had traded for pizzas.
The best time to stack HIVE
Each passing day, I'm growing in knowledge about investment and crypto investment in particular. This knowledge affords me to make better decisions when it comes to investment. I know how I hated the bear seasons in the past, but now, I gladly pray for them to come so I can prepare for the next bull.
I personally wish that Hive dips a little more to say $0.5 and I could gather as much as 5k tokens to help step up with curation on the base layer while focusing on investing into the second layer during the next bull season. Truth remains that a bull season would succeed these bear days.
As we expect the next bull season coming, as a hive-engine token enthusiast, the next phase of Hive price would mean a deep dip for the second layer tokens. Sincerely, it won't be surprising to see that some good performing second layer tokens would be purchased for one-fifth their present price. That really means a lot for a long term curator with second layer tokens
At the moment, the FUD has also permeated the hive-engine markets as some users are also tryhing to sell off their tokens cheap so as to be able to cash out some Hive while it is yet tangible before it bleeds to zeros. This would cause a bleed in the market for a short while, but after which, some new Hive-engine token whales would emerge who take advantage of the dump.
I would say that this is the best time to convert HBD to Hive as well as earn more from content creation as building Hive Power becomes easier at this point. The prevailing market has made me appreciate more the pegging of HBD to $1 and why one should hold some more HBDs. Sincerely, we love it when Hive bulls but its a whole different game when it bleeds,. Our holdings lose value and more. However, holding assets as a stable coin means more at times as this. I just converted some HBD to Hive and it's interesting how I got more HIVEs to invest in LEO, ONEUP and other hive-engine tokens.
What is Hive?
Hive is an innovative and forward-looking decentralized blockchain and ecosystem, designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning-fast processing times and fee-less transactions, Hive is positioned to become one of the leading Web3 blockchains used by people around the world. source
What is Hive-Engine?
Hive-Engine is a smart contract platform on top of the Hive blockchain. It allows communities and businesses to build their own tokens, which are then built on top of the technology provided by Hive. This is the ultimate layer 2 solution. The token created on Hive-Engine is then immediately tradable with Hive on their exchange.
About me...
I am a called teacher, a serial entrepreneur and a Graduate of Agricultural Engineering. Nigeria is my root and a place full of opportunities. I dropped out of a Master's Degree program due to funds, yet I do not regret growing the courage to start my business from the scratch. Today, I've built layers of Businesses on the Hive blockchain in terms of Curation and it's a sustainable passive way of earning crypto while learning.
I am your favourite Hive Tribes Promoter and Curapreneur!
I am @Uyobong.
Let's connect on Twitter
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It's normal for bear days to come after the bull ones. That's how the whole cryptospere works. That's really not matters the most, what matters is what you do within this period. Do you become scared and sell off all your tokens or are you going to use the dip to gather more tokens. The latter is the best of the options for me and I'll take advantage of this to be more consistent in this space ❤️✅
Really a better time to stack up Hive and get prepared for the bullish season.
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If you believe Hive is going to $10+, then any moves between 20c and $3 should just be viewed as noise.
Noise that will allow you to accumulate a larger stake in HIVE.
Take advantage :)
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Yeah very true. I wish it dips a little more. Hoping to get to 10k HP by the end of the year.
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https://twitter.com/Uyobong3/status/1485034101845467141
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I sincerely think this dip as Indeed brings up the best chance to Stake up hive right now, before the market start regaining it strength back
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STOPCheck out the last post from @hivebuzz:
Exactly, FUD and market corrections always bring to us the best buying opportunity. So, instead of being fearful and avoiding the market, stack up your bag!!
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Check out the last post from @hivebuzz:
This is not financial advice and I have been wrong before. I believe that the days of Hive at 50 cents a token are long gone. The price is starting to crawl back up.