If A Bear Attacks Your Hive What Do You Do?

in LeoFinance3 years ago

cubdefi.png

You may know me as the worlds worst game player but I'm also the world Hive thinker that thinks about what to do with hive in certain situations.

In 2017 I sold my bitcoin for steem because I believed in earning rewards as a way of increasing my holdings. I figure I could watch my amount of bitcoin go up and down or I can accumulate more and more of a token that I liked.

It was a disaster. Ultimately I turned $4,000 of bitcoin into about $335 of steem. But I rose up, grinded and regrinded into Hive and rescued all my crypto losses and have been hiving ever since.

I have sold a little along the way but for hivey things like leo, cub, splinterlands and a few wax toys. I bought my btc back and and hold it. I bought 1 eth from my hive earnings and holding it.

So walls come crashing down I'm holding my hive and watching it shrink. I don't think I want to sell any but I'm not opposed to jumping on the side if it goes down more. I truly believe now more than ever that hive has a future.

Everyone is going to try and build a great 3.0 platform but we already have one. The last time around I wasn't so bullish on Hive at the time. But now, there is no turning back. We reside in the direction everyone else interested in web 3 is heading.

So I don't want to sell my hive, but I don't want it to lose another 50% of my value. So whats the plan? What is your strategy when the bear attacks your hive.

Posted Using LeoFinance Beta

Sort:  

if it drops 50% in value, im taking out a fucking loan for as much as they'll give me.

Your content has been voted as a part of Encouragement program. Keep up the good work!

Use Ecency daily to boost your growth on platform!

Support Ecency
Vote for new Proposal
Delegate HP and earn more

💀you attack the bear, in this case I guess you will just keep holding the hive.

Your content has been voted as a part of Encouragement program. Keep up the good work!

Use Ecency daily to boost your growth on platform!

Support Ecency
Vote for new Proposal
Delegate HP and earn more

Wow! This is motivational!

untitled.gif

Just sit down and keep doing what I usually do to earn on HIVE. Obviously the pain might be there for a while but prices will recover. Create, comment and curate.

Posted Using LeoFinance Beta