Prices Got You Down? Don't Fret!
Hi fellow Hiveians,
Today I wanted to talk about how we should keep an eye on things like the price of Hive, but don't let it upset you too much!
Prices Got You Down? Don't Fret!
I've seemingly always had the mantra, to not let the prices get you down.
There is a lot of emotional attachment and other things of that nature when it comes to market conditions. I wonder if we are being psychologically manipulated to always think that prices and things should be green, when in reality it's almost never the case consistently?
There has recently been quite a bit of downward pressure on the price of Hive and I can certainly tell that some people are quite upset about it, lamenting that things are doom and gloom. I get the sentiment to an extent, but at the same time I find it a fantastic opportunity!
These are the times that people end up leaving the platform for a while, crying and complaining about how things suck and it's going to crash, go nowhere and a waste of time. There are lots of arguments of the sort but at the same time, those same people and many others are the exact ones that come back when prices hit the moon and start to bitch and moan that they weren't around to take advantage of low prices and scoop up a bunch of cheap Hive to invest into it, and take advantage of that later on when the market flips around into the green and positive territory.
I have absolutely no sympathy for people like that! Fuck 'em! LOL
I think these depressed market prices right now are a fantastic opportunity to be scooping up some wonderfully cheap and delicious Hive if you've got the ability! I'm actually upset that I swapped my HBD the other day for Hive and didn't wait a little while to get more!! What the hell man!
As I'm writing this post, I've actually just scheduled a full withdrawal of my HBD in savings so that, if the price stays this low or goes lower, I'll be spending all of that juicy HBD to get some wonderful Hive for these rock bottom prices! I am fully about taking opportunities like this to take advantage of the market fluctuations, both up and down, to jump at things in order to optimally increase my Hive Power stake or my HBD savings amount.
I'm of the mindset where I see opportunities to make movements where I can, but not always jumping at the first sign of something. I've been pumping HBD into my savings accounts for several months, recently getting it up to 50 HBD and letting it sit there, growing monthly but not putting too much into it. Letting me focus on Hive instead, and increasing my Hive Power. With these really awesome, lower prices though, that's changed my whole strategy and it's good to be flexible!
The last time Hive was this low or lower, I spent all of my HBD on buying more Hive whenever I could and that was great! I ended up getting about 1,500 Hive in total and that was such a worthy investment for my account as it really kicked me up a notch. I don't think I'll be getting nearly that much Hive this time around but at the same time, this is exactly what I've been saving my HBD for, so that I could keep an eye on the markets and attack when there was blood in the water!
Is it crazy to think that I hope this price point continues for another few days? Let me get my HBD out of savings before taking action is all I'm asking for :D if it slips further down that would suck to see visually, but at the same time it's more Hive for me to buy and stake baby!
What about you, are you taking these opportunities to snatch up and buy as much Hive as you can to increase your stake? If not let me know why not!
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Yes. I tried also converting my HBD to Hive.😁😁
That's good! It's a really good price point to do that now, so I'm glad you took advantage of it!
Yeah.. I'm just want to explore more here in Hive and tried it. I'm just happy to experience that 3 HBD converted into 12 Hive. I don't know if it's okay for me to be happy about this, but I'm happy.😁
Don't treat the number like it's nothing, it ALL adds up in the end my friend! One step at a time is all it takes! The exponential nature of it is wonderful!
Oh.. thank you for inspiring me.😊
💯 I'm on the same track just waiting for my HBD savings to become available to get that delicious discounted Hive 🍴Yup those heading for the gates will be sorry when things flip around. No sympathy for me either! Take care brother.
Just finished writing tomorrow's post, but I said fuck it! Powered up 1.6k Hive and felt awesome! LOL glad I saved that HBD for many months! Glad you are doing the same man! These are the great steps we take now, that pay off immensely in 6-12 months!
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I think it's starting to turn! But even then, you're right, it's the time to stack!
Yeah it's leveled off which is good, I want it to stay this low for another few days so some of my friends here can sell their HBD :D I've convinced a few to swap their HBD while the time is right!
Peeeeeerrrrr prrressssuuurrreeeee
People can be very funny. I see a lot of people leave the platform or no longer become active because of the price
Is now the best time to stack up?
We gotta be smart😅
Haha yeah it's for sure lame people like that who leave and miss the best opportunity.
I'd like it to go lower, 0.05 would be good, I have several thousand dollars I have nothing else to do with. Could be a good opportunity.
Hell yeah that would be awesome. I don’t have any HBD left lol but I would throw in a few litecoin at those prices!
One can dream.
Nice share! Yeah I am also swapping HBD to Hive as well, but I am pacing myself.
Yeah it's good to pace yourself, otherwise you may make a mistake. I've done this a few times at this point so I knew what I wanted but if it's your first time, take it slow!
There's this guy who powered down and left in 2021 saying the space is ruined. He's now back here again, and he's getting a lot of DV. He probably thought a lot of people have forgotten. Hive isn't perfect and we need to do better, but I also think loyalty to the space is important.
There are people like that flexing their opinions and complaining of the price, but they come back hoping to make gains when the price moons
Yup exactly those people are annoying. Who's the user you're referencing here? Don't tag them but I'm curious their name, I likely remember them but I don't explore the limits of the chain these days lol so I miss these drama.
I know world travel pro has been trying to post lately and he's getting obliterated with down votes.
I've heard it referred to well - you have freedom of speech and also freedom of action; say what you want but you can't hope to not receive negative consequences for said actions.
Yeah worldtravel pro. It's him. When the drama began he should have corrected his mistakes and moved on, rather he choose to FUD about hive and completely powered down. I didn't know if he thought there wouldn't be consequences.
I know that Hive has crazy people, but make sure you do the right things and others will come to your aid.
I don't think he deserves the DV but then this was a place you said it was dead, and said all sorts of FUD when hive was low in 2022.
There’s another one that said the same thing and has doubled down and down voted on Galen’s posts lol. He’s one that said hive is shit, dead etc and is now trying to come back but upset his posts are zeroed. Foolish people honestly. They get the consequences of their actions.
I don't know really. I know it's not perfect here, but I don't know what you'll be doing in a place you clearly called dead. The space rewards mostly loyalty and it might be harsh but loyalty is what grows a space.
There's always consequences. I hope they can retrace their steps and the chain forgives them
I and others have suggested to those people, leave the old account behind and just start over. Don’t connect yourself to the old one and you can prove a decent user, many will forgive and forget. Then There’s the idiots that double down themselves and dig the negative hole deeper lol might not be saved unfortunately. Natural selection at that point lol
It's been up and down for ever in the crypto world. I guess older folks like us just get used to it. Not gonna lie though... I use a lot of my Hive earnings to generate more content to the blog (like the recent bicycle build, or travels, or whatever), so whenever prices go down, I die a little bit inside \o\
Yeah for the people that use hive actively this is a challenge, and I feel for them like Daltono. I know that it’s all cyclical and it will eventually go back up, so it’s good to position ourselves with a good stake for when that happens and maybe take a little profit if possible!
Uhum, having some backed up is essential. I've just finished getting all the parts for the monster cross project, so will probably try to stake some during this bear phase.