I Still Buy HIVE!
I'll get to the topic in the title but for anyone reading my post yesterday, it's confirmed: sometimes inability to focus and exhaustion are just the initial symptoms of getting sick. I've been in bed most of the day trying to go through it without pills, but eventually, I've thrown the towel and have taken something that seems to allow me to sit, hopefully long enough to write this post.
For anyone who commented on my post, later on, I'll get to them, hopefully. I'll probably do it in smaller blocks of time.
I've seen recently several posts discussing the descending price of HIVE and where TA says the movement will end.
I'll be honest with you. I believe this selloff that has been going on for some time for HIVE, way into 2023, is induced by people who want to take advantage of the BTC pump, ahead of the alts, and especially ahead of HIVE, which is a small cap alt.
Then, I expect at least some if not many of them to buy back at least the HIVE they sold, if not more. Others may not, but if you understand an ecosystem well, and its cycles, why not be around and repeat the same predictable operations? Unless they stopped believing in the future of Hive. In time, we had people that left for various reasons. And we are still around doing our thing.
Now, why does the price of HIVE move to a lower level instead of at least keeping its price, as it did at the end of 2023? It is a speculation on my part and not one I have facts on, but it appears to me one of two things (or both) happened:
- fewer people buy HIVE, and I haven't seen HP goals like in 2023
- more people sell HIVE for bitcoin, hoping to see an imminent pump if the spot ETFs are approved
I don't blame the sellers for the price fall. They have a plan and they apply it. I don't like to put pressure on HIVE on the way down for a higher profit, so I don't do it, but it's my choice. I have both bitcoin and HIVE so I'll be happy when both of them go up.
In the meantime, I do buy HIVE weekly with part of my author HBD rewards because that's my plan. Long term, HP is my main goal on Hive, so I see this as an opportunity to buy more HIVE, even if I don't have a HP goal this year and I don't power it up. Even though, theoretically, going to BTC, selling at the top, moving to HIVE, and waiting for the blow-off top, then selling to HBD could be more profitable. But the more steps a plan has, the higher the chances some things could go wrong. Especially during a bull market, in a hype stage with probably some wild roller coasters.
Either way, I don't see a reason to be concerned about the price. It does look like HIVE will explode in 2025 though, and not before.
Want to check out my collection of posts?
It's a good way to pick what interests you.
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It is all hype. Just do you.
I think fewer people are buying Hive because of Bitcoin dominance like you say. Also the whales have not been interested in Hive token value and we can see people do not get hyped about a token that doesnt increase in value.
I think some of them are interested, but would rather try different ways than buy more themselves.
That is true. Unfortunately, people are often only interested in the hype in crypto.
May we all get our goals in this bull market.
I just hope that this bull market favors us all
I can’t wait for the pump
I’ve got some tokens I wanna sell
It’s been long I bought Hive though
My aim is to acquire more and that’s why I’m working hard
I don't think you should wait too long if you want to buy HIVE. Unless you buy it with btc, maybe.
Keep the faith in Hive!
Always!
I knew you would continue with HIVE purchases... As a reasonable person, it is the normal way of thinking, and pushing the "wrong trend" can be counterproductive... We WOULD like to see HIVE going up, and we WOULD like to take profits, but we can't rush things before it is time for it...
I suppose that the reason is in the first paragraph... Everyone EXPECTS to see a huge bull run and to take profits from HIVE... The thing is that we can expect many things, but that's not a guarantee that it will happen... In all those expectations, those who are not patient enough sell early, or just FUD, as at the moment, the narrative is that BTC will take everything and alts will bleed...
Again... that's a nice theory that requires a perfect time to roll out... :)
Get well soon!!!
Yep, it was always in my plans. Until HIVE hits 50 cents, I continue to buy it with 2/3 of my HBD rewards.
It's funny how alts pumped first after the spot ETFs approvals.
A perfect time under emotional conditions and time pressure. Yep, some will be able to do it, but I believe most will be disappointed.
Thanks. It's a nasty virus. The whole family is sick. And many others in town.
By buying Hive at this low price point, you might be smarter from many of us. I simply don't afford to continue to invest in crypto, but have plans to accumulate as much as possible until the tipping point of new ATH.
Catching the ATH might be hard. I've just set some level at which I'll sell, gradually.
I tend to agree with you. There are many reasons why people aren't buying Hive and I agree that the selling pressure has probably been there for a while. I still think Hive can succeed but it's tough regardless as we don't have too much control over things.
That's true. We can only control what we do.
I think it's great to have a long term goal of building HP. The journey may get bumpy here and there but overall Hive will probably do better in the future. I wish I had the opportunity to buy more Hive at its current price :)
There are already ways to use your HP and earn from it without ever selling the HIVE. Maybe in the future, we will have HP collaterizing too, to receive HBD. Plenty of reasons to build up HP, in my opinion.
I agree with this assessment. With a lot of people expecting BTC to pump after the ETF approval, many are selling their altcoins to put into BTC. I can actually see Hive and other altcoins continue to go down, or go sideways until after the halving. For those believing in Hive, this is just a discount that they can take advantage of.
It's interesting how alts pumped first after the ETFs were approved. I'm curious how things will go down the next few days/weeks.
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STOPTo support your work, I also upvoted your post!
This is a good time to buy it as it has been three months and we have not seen any significant increase in its price.
One thing I am so sure of the season of the altcoins is still coming and it is just a matter of time actually
I think we should still stack more of the hive token right now before it is too late