Eagerly waiting for Hive power up day

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It is just 3 more days to go till the next power-up day. I know that it is not mandatory to do a power-up only on 1 st of every month. But still, I wanted to do it only on the power-up day just for the record. I have been waiting for the next month to start for a very long time. The reason is that I would like to powerup all the Hive I bought 3 months back. I have been waiting for a long time for the price to pump so that I can sell my Hive. But looks like it is not happening. I'm so tired of looking at the market every now and then looking for a pump.

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About 3 months back when the price dropped from 2500 Satoshi to 2100 Satoshi, I bought lots of Hive with all the BTC holdings that I had. The Hive that I bought is still sleeping in the exchange. When I initially bought that, I was thinking that I would be holding it only for a short period of time as the price would anyway pump to at least 22 cents. But it has been over 3 months now and there is no movement in the price of Hive. Having that in exchanges is not giving any profit to me. So, I thought it would be better to bring it back to Hive and power it up here.

Apart from initial buying, I was also catching the falling knife continuously. Now the price of 1 Hive is around 1100 Satoshi which is almost half the price of what I bought. Another reason is the BTC pump which we shouldn't be blamed so much but still, the price of the Hive has been going down since I bought it. I have my holdings both in Bittrex as well as Binance. I guess in the next two days it would be ideal to bring them back to my Hive wallet and power it up on Hive Power day so that I can at least earn some curation rewards from those funds instead of them sleeping in an exchange.

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If I do some calculation and see, the funds that I bought 3 months back would have given me better returns if I had powered it up. Sometimes this makes me feel that a 4-week power-down would be a lot better than so that we can power up and power down more frequently. So, even if Hive goes up, I would be able to easily power down a little and power up.

I initially thought I would go with small power-ups every month as already 50% of the rewards go to my Hive Power. But then from the profit perspective, sleeping money will never give us any returns. It is similar to water. Only the flowing water will be fresh and clean and would give us some benefit. Keeping the water stored somewhere for a long time will not make the water very useful for us. Powering up Hive is something like letting the river flow so that I can keep earning some passive income from Curation.

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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 29 of my contest just started...you can now check the winners of the previous week!
!BEER
3

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Me too! Hope I won't miss this again. Last time I forgot with just one day before powering up! 🤦‍♀

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When the price of Hive drops to <200 satoshi, I will buy a few TONS of them. It can not go to zero. Eventually we will see the trend reversal.

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Yes, that's a good move. I'm also confident that the trend will not be like this forever. We might see an upper trend as soon as possible.

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I feel like we are due for it to rise above 20 cents USD again soon.
Sucks you couldn't dump in a pump but at least you will soon be able to powerup the hive and use it.

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Yeah eagerly waiting for it to go above 20 cents again. We have to onboard some whales here. 🙂 Cheers!

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You can always buy a bit more now, and keep buying until ten cents. Not powering up may seem like a loss of opportunity over the past 3 months, but maybe in another 3 months it will have been the best choice, if the crypto gods will it and Hive actually pumps. Sometimes it's all about strategy and thinking long term.
But then again, if we're thinking long term and don't depend on a Hive pump but actual growth instead, you will also win long term with a power up.
Either way, you always win in an environment where most crypto is still undervalued. :) Cheers.

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Yeah, I'm also thinking the same. It is okay to purchase until it reaches 10 cents. If it goes below 10 cents, I'm sure there will be some whale out there who would be able to protect it from crashing further. I know a few people already waiting to buy lots of Hive if the price goes below 10 cents.

Yeah, I realize powering up is going to a good option for now as I cannot sell any right now.

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Yeah, there are bound to be some large buy walls below 10.
At this point all sound strategies lead to profit. As long we don't do things in panic mode.
All we can do is sit back, buy, power up, relax and enjoy the ride.

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But to be honest I'm a bit skeptical as well. I'm someone who bought Steem when the price was 2.5 $ and then 1.5 $ and then again 0.5 $. I'm not trying to be pessimistic but not sure if we will be seeing that prices ever again.

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That's not pessimistic at all. In fact, it's a realistic way of thinking. If we assume blockchain will eventually become mainstream, those prices are a possibility, but we can't predict if there might be a better social media platform other than Hive that comes along and takes all the users with it. Just like Hive versus Steem now.

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