Why Buying Hive, If You Can, Is Probably A Good Idea Now

Here's the dollar (blue) and BTC (yellow) prices of HIVE (volume in blue bars at the bottom):

Source: coingecko.com

The price actions of HIVE/USD and HIVE/BTC today and yesterday look like the rounding bottom pattern. Bitcoin has surpassed $8000 and is currently $8138. The Federal Reserve has declared QE Infinity, and again, the stimulus money mainly goes to large banks and corporations to prop up the stock market. Bitcoin may or may not be a non-correlated asset but even if it moves with the stock market, it's going to benefit from Infinite QE or easy central bank money. Technology companies like Amazon are making a killing even during the lockdowns. In contrast, small and local businesses are getting crushed.

Here's Amazon's stock performance:

Source

The mid-March crash is clearly visible but $AMZN has made a new ATH since. Amazon's stock price looks as if it made a double top, so some downside in the short can probably be expected but the long-term view is very good in my opinion.

Some of the stimulus money will probably find its way to the crypto sector, too. It wouldn't surprise me because the narrative around Bitcoin is very strong. While Bitcoin and nearly every altcoin did crash in on March 12, they have made full recovery since.

Note that this is not financial advice. Only you know your situation. Buy only what you can afford to lose.