It's Good to Have Options. The Choice Is Yours.
At the beginning of the year I wouldn't have thought I'd see HIVE even temporarily below 20c. Would I have made different Hive plans for this year if I had known that? Maybe, at least partially.
The question I've been asking myself and I assume many with HBD holdings have been asking themselves is: should I use my HBD to buy HIVE now while the HIVE price is still down?
This is a question to which everyone should have their own personal answer, after reflecting about it. The price of HIVE is obviously good, at least compared to what we had not so long ago and with the potential to reach at the end of the bull market. Maybe we will see other higher dips this summer, maybe not.
So, why would anyone debate internally about this, and not pull the trigger already?
A few months ago, I would have probably taken the decision to use the stablecoins to buy the dip quite lightly.
Nowadays, not as easy. I now understand very well the importance of potentially having access to sufficient liquidity, regardless of the moment in the crypto cycle. Bye-bye all-in scenarios for me from now on. "All-in" doesn't help if you need liquidity.
Then, the other consideration. I currently have a few hundred HBD. Half-a-dolphin-worth of HIVE, at most, if I were to buy. Doesn't make a huge difference compared to my whole HP, but it does make a huge difference to my small stable stash on Hive.
So, my decision is to simply ignore the price of HIVE as a buying opportunity, unless the end goal is to have more HBD. The lower HIVE price helps to earn a little more through activity, I still power up small amounts of HIVE every day, but my focus will be on increasing my HBD stash for the time being.
That doesn't even guarantee the success of my 52-week challenge for HBD in savings, where I still need 1000 more HBD by the year end in increasing amounts every week. When I had set this challenge I thought the price of HIVE would be significantly higher toward the end of the year, so I can swap some liquid (SWAP)HIVE and other HE tokens for HBD, to help at the end. We might not see that... In this case, this challenge will be in big trouble, but you can't foresee all scenarios when you set a goal, and this one is kind of strict. We'll see how long I can keep it going under these circumstances.
Either way, I still intend to grow my HP, and significantly, but I want to keep things more in balance. No more depleting my HBD savings to buy HIVE... No more minimal HBD in savings.
Don't take my decision as the best or one that is suitable for you. Everyone makes plans for different situations and time frames. They rarely are similar from one person to the next.
I do see enough scenarios where buying HIVE now (or this summer) would be very good. It would most likely be profitable in the medium to long term.
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I have been converting HBD to Hive bit by bit since the price went below 0.30. Let's see where this goes.
That seems like a sound strategy, if you waited so long.
Haha I wasn't so lucky with SPS though. Bought a chunk at 0.03 USD. That's life. ><
Ah well, you can't win all of them. I bought some st**m at 4$, lol.
Yeah. As long as wins outnumber losses, that's fine. :)
No one thought they'd see Hive at $3.4 in September of 2025 after seeing it as low as 7 cent, it's just the same as not being able to predict seeing Hive below 20 cents. BTC happened and these parameters just shows how wild the market can be.
Basically, if I had HBD, I wouldn't convert till ending of July or mid August towards the end of August. History speaking, towards the ending of the year before the bull is always the best time. It's not like it's a financial advice, but yo be very honest, for me, the goal is always buy as many HBD during the peak of hive price and selling back to hive during its lowest point. Basically 16 to 17 cents might be the lowest point, I don't really know.
I agree with your assessment. However, like many others, I bought back from HBD into HIVE sooner than the lowest point, mainly in the 30-40 range. Regardless of the price (it can go to 10 cents, it doesn't matter), I won't deplete my HBD savings completely anymore to buy HIVE or anything else.
Exactly 10x from 30 to 40 cents is completely doable and even profitable. You eventually win anyways.
10x would be great! I bought lower than 30 cents too (but also higher than 40c), so we'll see where all this will end.
It'll all accumulate, I guess the middle range for you will be the 30c ranges. Eventually I think 3x is more than possible in 6 to 10 months
Yes, that's almost guaranteed. Can be higher if it spikes hard at the end and I will take advantage of that.
I’m sure a lot of people are finding it hard to ignore the price of Hive because how low it is now
Well, I don’t have enough money to buy Hive now but I’d just keep on stacking some more in my wallet
Yeah, I know many people who bought before this last serious dip and can't buy more now.
I wish you well with your move though
I have no otter plans than to keep stacking up Hive tokens
Stacking Hive is a plan in itself, with a long-term perspective, hopefully.
I've been in the same boat, contemplating whether to use my HBD to buy more HIVE. It's so tempting with the low price, but I’m hesitant too
You should take your own decision based on your intentions. I experienced a shortage in liquidity recently (something that doesn't happen to me often) and I want to be prepared for such an eventuality in the future because it's not fun. But others have other current situations and plans.
absolutely brother you're very right, different plans cause for different approach. Hope things go well for you
I think its a smart move. Even though there are talk that we could see a Bitcoin only cycle this time indicating we could be at the bottom, I still think there are so many opportunities that come to us, firing at all of them and using up your ammo is not good. I need to have that feeling where I have no doubts before I would use up my spare stables/cash to pull the trigger.
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I don't know if we are at a point where the cycle changes so radically. It would be a shame for bitcoin to steal all the shine this cycle and most everything else be ignored, in fact, even worse - bleed.
But I find myself at a point where I believe more balance than chasing the maximum potential profit is better for me.
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It depends on what people want but I agree that having the option is good. I didn't expect Hive to dip so much either but I am good on my HBD goal so I plan on buying some cheap Hive using my HBD each week as my HP goals are a bit further behind.
Sure, if you already have a nice cushion of HBD, it makes sense to buy HIVE at these prices. I would too, if I'd have a good amount of HBD set aside right now.
This is a really good point on staying liquid than spending most of it on a buying opportunity. Being in a situation where you're mostly short on liquidity isn't fun at all. I think the present should also be put into consideration before the potential future rewards.
For some is the present. For me, it would be more like a fund at my disposal in case I really need it. Not for cyclical investments, but rather for black swan events in life and even in investments. One of them at least, because as I mentioned in one of the past posts, one can follow different targets at the same time, even with HBD in savings.
HBD to hive conversion is good this time I think and I have done it already for whatever HBD I had. There may be further drop on hive price but I did not wait because I am happy to do even at 0.22 price.
Yeah, I don't disagree. I simply have a different objective at this time, and maximizing HIVE Power over HBD holdings isn't it. I want a more balanced approach.