The Dip Can Be Good
Hi fellow Hiveians,
Today I wanted to talk about the obsession with green candles and how we can take advantage of the opposite!
The Dip Can Be Good
There is so much focus on green candles, money going up, charts going up and all that shit. I think the obsession is counter productive but that is a different discussion than what I wanted to talk about today: the benefit of the dips!
I was doing my usual Hive activities tonight and I check my wallet to see what kind of price action there is, not because I plan on doing anything wild with it like going out and buying something stupid but I keep an eye on it for something more important: when to buy Hive!
The price has dipped below the .30$ mark for the first time in a while, something some people didn't think would happen especially on the heels of the Bitcoin Spot ETF approval. That whole fiasco is as well an additional topic of conversation that some on here have covered quite well on how that is an overall bad thing in the short to medium term. The point I am making though is now that we are grounded in a bit of reality, let's get back to focusing on building and accumulating which is far more important.
People want expensive shit, that's what the contemporary culture has engrained in us for quite a while. Lambo's and expensive houses and shit. There are a lot of us that would appreciate some of those things but also know that it's likely a waste of time, money and resources to do something that foolish. The more important thing a lot of times is accumulating and keeping an eye on the markets for good times to buy when there is blood in the streets. There certainly feels like there is quite a bit of blood in the streets as of late!
I am actually excited that the price of Hive has dipped below the .30$ mark. Do you want to know why? Because it means when I spend my HBD to buy Hive, I am getting more Hive for the HBD that I am exchanging for! That is a considerable win for me because I have a long-term vision for Hive and the utility of the platform and the assets involved. This is what a lot of people with the Lambo and mansion mindset lack - they have little to no vision of the future.
Vision is what sustains us in the good times and the bad. Knowing that we are not only doing work for today but also doing work and planning for tomorrow, a month from now and a year from now. Those can be complicated when you are trying to factor in a lot of these things but they are also important. It's good to have a way to think of the immediate needs but also the long-term goals for things like finances. If we are greedy and instant gratification minded then that ends poorly in a lot of ways, and the people who take their assets and buy things immediately are also the ones that often find themselves in bankruptcy court, divorce court and ruined financially and socially. That's not a place that I want to be, thanks much.
The price of Hive right now is in a decent spot for what I like to do. I am accumulating as much Hive as I can, while also balancing it with HBD accumulation of course, so that I can invest in Hive, Hive Power and have the assets ready for the future when the real bull markets arrive. If we are constantly selling Hive at these depreciated prices then we miss out on future opportunities to take gains, reinvest in the platform and have a brighter future where we struggle less while those instant-gratifiers are in the poor house.
The struggle I am having right now is do I take the HBD that I've got accumulated over the past few days worth of post payouts and cash it in now for Hive or do I wait for it to slide further? That's a pickle of a situation and I think I'm going to wait a little bit longer. I don't think that the markets in their current form are going to be too friendly to the price in dollars, largely because Bitcoin is being dumped right and left right now by big companies like Grayscale so they can cover their losses they've taken otherwise. This makes the alts bleed as they usually do but again that's okay with me!
I know I won't be the only one taking this opportunity to accumulate more Hive while the price is down, it's an accumulation market right now that's for sure. The money is made when there is blood in the streets and it's looking more than a little bloody to me right now!
-CmplXty. Real human written content, never AI.
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I also agree with you that this drop in HIVE could be a good thing, the chances of being able to accumulate more are better and this is an interesting moment. Mainly for me, who needs to make up for lost time.
Yeah there's no time like the present. One of the most important things is you're here now and if you spend time commenting and making new friends you'll be able to get a stake in the platform in no-time again. Best of luck!
When/if the banks 'fail' they will be selling btc, gold, stocks, whatever they can to cover the debts.
OR, they will be 'allowed' to keep them and the people will have to take them back by force.
Either way, I see a big dip coming while the new marketplaces are figured out.
So, I am hodling and waiting for the price to go below .15usd.
At a dime, the power to price ratio is much friendlier to the buyer.
Oh absolutely, I bought the most Hive when the prices dipped down to .13 cents and the like. I don't think this is a bad time to get in on some Hive either so I'm saving a little bit of HBD in my savings account and when things get there, I'll have about 200 HBD waiting to snap up a whole bunch of Hive!
I'm hoping that there is no "bail-in" even though I know they've already enacted it into laws throughout the world and in every single state. That's what scares me the most, where these fucking criminals just confiscate all of your money. We can prepare what we want but not being able to pay a mortgage payment because they took my money is infuriating.
A lot of price drop from hive which is really massive compared to what we are expecting but let's see how it turns out to be
Yeah that's okay though! It's a good time to build your Hive Power!
That's a good way to take advantage of bear market movements, that is, accumulate or buy more and wait for when the markets will go bullish. Not many people understand this, especially on the hive platform. Of course i will try to accumulate as much hive as possible now. Thanks for sharing this info.
It's good to accumulate even a little bit. If you can save a few hive per month now while prices are suppressed, you'll appreciate that in the long run! I've been purposely saving 75 Hive per month that I would otherwise be powering up so that I can have liquid Hive ready to go when the price really shoots up. Who knows when that will happen, so I am saving just in case!
Even if you do 5 or 10 Hive per month. If the bull run is in 1 year from now and you have 120 Hive and the price goes from .31 up to 2.50 you have quite a bit of a difference in price on your hands!
This is actually good for me because I am trading cryptocurrency so it is somewhat useful
Thank you!
That's good! It's important to trade but also save for later!
There is blood in the street obviously and it is the time to accumulate Hive and wait for the big time to make some money. I love it too as the price is so down as it gives me an opportunity to earn more. I am also buying Hive with my earned HBD too.
Yeah there is for sure but that's okay. Things won't always be stable the way we think of the dollar. Currencies go up and down and it's important to understand and appreciate that aspect. It's good to buy Hive with your HBD but make sure to save some of that HBD for later, throw it into savings!
I appreciate your point of view. What is your long-term vision for Hive? Do you think the platform and blockchain has a specific potential that is not yet fully recognized by the majority of users?
Task Master sometime last year or the year before refers to Hive as the Monaco of blockchain. We don't need to have a billion people using it in order to be "successful". We can exist with 100k or 300k people and be just fine, having a little diamond in the rough.
I think we would do the best by being that small to medium sized platform instead of aiming to be as big as Fakebook and the like. People are not ready for massive scale decentralization and governance. In 10 or 15 years sure, or it could go the opposite and people want to get governed harder hard to say.
For me Hive is my long-term future investment. I'm accumulating what I can now and trying to maximize it in a reasonable way so that it will continue to grow and I won't be withdrawing any because I think of this differently than a piggy bank to take money from constantly.
Okay, I totally understand and I think it's a great state of mind. Thank you very much for your insights!
buying Hive for HBD is a good idea now, I follow it too;))
Yeah that's for sure! :D
The market as it is now has entered its bull cycle and we all know that the market will go down but it will be above buying for all of us so we always have a little bit of funds.
"Vision is what sustains us in the good times and the bad." This is perfectly true