Hive has been taking quite a beating in the market lately. You can see a pretty dramatic downfall from $0.35 to $0.26. We recently had a nice little pump back all the way to $0.35 and then gave it all back within 48 hours.
It's no secret that HIVE tends to do its own thing in the market. It's a super wild card. One day, Bitcoin can be down 5% and HIVE can be up 30% or vice versa. There really seems to be no rhyme or reason.
HIVE is a relatively liquid market to the size of its market cap but to other cryptos, HIVE is a pretty illiquid token. Much of the HIVE out there is powered up which means that any level of buying pressure or selling pressure can knock out sell or buy walls like the flip of a switch.
HIVE Drops Below $0.25, Time to Panic?
As humans, we are wired to overreact to everything. If there is a threat to our safety - or in the modern world, a threat to our finances - we tend to overreact and overcorrect for things.
When the price of HIVE or any crypto drops, people tend to panic. The mind races to the worst case scenarios and tries to justify any and all actions that are deemed necessary to survive.
For some, this means dumping on the downtrends. For some, it means buying more to dollar cost average. For many, it means questioning your resolve and belief in what you're investing in.
Does price really matter? The technology, community and applications built on Hive have done nothing but get better and better.
The Technology
The technology of Hive is unmatched in the crypto space. Tell me, where else do you see a blockchain capable of pseudonymous account creation, free TXs, near-instant block times and ease of use?
A recent Hard Fork on Hive added even more features and set us up nicely for a great future. A future - in my opinion - where HIVE becomes more desirable for applications to hold for Resource Credits.
I saw a tweet last week that asked why would anyone buy HIVE?
This is a great question to ask about any investment. It's what will either strengthen your resolve or make you go back to the drawing board.
My response to that tweet: nobody will buy HIVE.
Applications will buy HIVE. Apps like LeoFinance, 3Speak, Splinterlands, etc. will buy HIVE. In fact, all 3 of those applications are already buying HIVE.
I've always been a big believer in the second-layer and users not really using HIVE but using Hive as their backend.
Instead of learning how this chain works and trying to navigate the base layer, they'll use the dApps that have specific and easy use cases.
They'll play Splinterlands.
They'll watch 3speak.
They'll microblog on LeoFinance.
Then those 3 apps will hold all the HIVE needed so that their users can transact via Resource Credit pools. The technology is in place to make this happen, now it's up to the apps to grow themselves and find their userbases.
The Community
The community on Hive has been around longer than 99.99% of other crypto communities. The only communities that may rival it in terms of age are Bitcoin and Ethereum. Hive is one of the OG chains and its survived more than any other blockchain out there. It's been threatened. It's been attacked. It's been through a hostile takeover. It's been through several bear/bull cycles.
Through all of this, the core community has never left. In fact, the core community continues to build all the amazing tech and content you see on this chain today.
The Applications
As I said before, I think the applications on Hive are where things get really interesting. The average user could care less about how the Hive Blockchain works or the tokenomics of the HIVE token.
What they care about is using apps that benefit them and their walk of life. If they're a gamer, they want to Play-to-Earn on an amazing game that is both fun and rewarding like Splinterlands.
If they're a YouTuber or someone who likes to watch long-form videos, then they want to use an app that is both entertaining and rewarding like 3Speak.
If they're a finance fanatic and want to read, engage and create financial content, then they'll microblog and/or blog on LeoFinance.
The future of the HIVE token is in a mass exodus. An exodus of HIVE POWER from the hands of the individual and into the hands of the application.
Are You Worried?
I think a lot of us get worried when we see prices drop. It questions our resolve. It questions our desire to keep doing what we're doing.
But we've seen this movie replay itself time and time again: those who keep building, keep stacking, keep creating and keep engaging are the ones who cash in on the bull market.
So which will you be? Sell the bottom and run for the hills or strengthen your resolve and stack until the next top?
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.
Our mission is to democratize financial knowledge and access with Web3.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io
Posted Using LeoFinance Beta
Just look at all the replies to these sorts of posts.
This shows that the community is going nowhere.
Again haha...
Anyway, having a decentralised, censorship-resistant base layer is all that matters in blockchain tech.
Not many chains sitting above HIVE in market cap can tick this box.
But HIVE does.
Now, what people need in order to be able to transact on this base layer?
Yep, HIVE tokens.
HIVE will be fine.
Keep stacking!
Posted Using LeoFinance Beta
Why did you write this? I didnt even notice or care.
Hive is fine. The coin price will do what markets do. You are right, the biggest buyers in the future will be applications.
Posted Using LeoFinance Beta
Just keep your head down and keep stacking. Hive, Leo, Cub, etc. It's a lot easier to build meaningful stakes when the prices are low so NOW is the time to get more active, not less.
Posted Using LeoFinance Beta
The bottom is the time to stack
Posted Using LeoFinance Beta
I'm all in for the long haul! I don't give a hoot what HIVE's value is in relation to fiat dollars! We have so much value here in this mind-blowingly amazing blockchain! 😁 🙏 💚 ✨ 🤙
I agree, I am also not worried and the blockchain we are talking about is really a very good blockchain
Posted Using LeoFinance Beta
Yes, exactly! The Hive Blockchain Ecosystem is solid, both in the underlying technology and in the many amazing people that develop, support, and use it! I have far more trust in Hive than I do in any other blockchain project! 😁 🙏 💚 ✨ 🤙
Thank you for sharing your opinion on HIVE with me
Most definitely! 😁 🙏 💚 ✨ 🤙
That’s the best mindset you could have!
Posted Using LeoFinance Beta
Thank you! I perceived not only Hive's technological elegance (being the tech geek that I am), but also its overwhelming potential pretty much as soon as I arrived here just over a year ago. The longer I'm here, the deeper I go, and the more I learn, the more passionate, committed, dedicated, determined, focused, tenacious, and all in I become! I want to thank you for all of the amazing work that you and your team have done here on Hive! I'm truly very grateful to be here! 😁🙏💚✨🤙
I think there's no need to panic, it's a great time to stack more. I trust Hive.
Posted Using LeoFinance Beta
This post is like a breath of fresh air in the middle of a stormy sea. As a newbie, it is always hard to deal with price changes like this; it discourages blogging efforts, but your post now has encouraged me to do more. Thanks Khal.
Posted Using LeoFinance Beta
panic? I've been building my stash of HBD on my alt account for more than 2 years now precisely for this moment so I couldn't be more excited :) However my buy point is 20 cents for anybody curious, so I still have a few months of waiting probably.
I don't feel panic whenever I see the price of Hive is dropping. It's because I think it's a opportunity to increase my portfolio. And i have the believe that it will rise up. It's just a matter of time.
Now is not the time to panic but to leverage. The only thing now is power up, delegate it and see it grow from cent to dollars.
Posted Using LeoFinance Beta
Hive will make a great leap forward when tokenized social media finally becomes the flavor of the month, possibly in 2023, so we are ahead of the curve historically. Less than 500k users globally use Hive so we are such a minority. The upside potential is minimum 10x from here before we even see new ATH. Accumulation and DCA all the way.
Posted Using LeoFinance Beta
I love this analysis. Is it time to panic? Well, I answer in the negative. It is rather a time to buy💰 and Hodl ✊ for the long term. Thanks for sharing.
Obviously, I'll be in the second camp. There's nothing interesting on the hills. I believe in the community, their vision and what they're trying to build with this amazing technology.
I think Hive is one of the best investments and you can get involved with little to no capital. By blogging you can share your thoughts, ideas, and experiences with others. It can be a way to connect with like-minded individuals and to build a community around your content which generates income. The only resource needed is that time.
Posted Using LeoFinance Beta
A perfect time to keep buying and holding for a long time
Posted Using LeoFinance Beta
Panicking due to fall in price of hive is a wasted venture. Instead of panicking, but more , invest more because and when the market turns your smile would be high.
#LeoFinance
It’ll be hard for it to go under 10 cents cause I’ll be backing up the truck up and loading up
Posted Using LeoFinance Beta
You sure will be not alone.
under 10 cnts....geeees...I dont even dream about such
Posted Using LeoFinance Beta
It is true, the pricing doesn't matter because the technology built on Hive is getting better and better.
Thank you for saying this @khaleelkazi
Posted Using LeoFinance Beta
I felt awesome when I bought at $0.32 ... now I feel like I missed out 😄 This Christmas sale is amazing! buy if you can.
Well I am not worried from the HIVE price because I see the technology of hive which is unmatchable so I will keep building and yes one more thing is strongest community in whole crypto field and that is why HIVE is incredible.
Posted Using LeoFinance Beta
@khaleelkazi brother No I am not worried instead I am confident hive will go up again, that's why I am accumulating hive and Leo token as much as I can
Great analysis! Ain't Got no time to panic...will be a Good chance to Buy more... Tho, expecting a bounce back now anytime soon.
hive just needs to build and keep the OG status. It needs to make sure something else doesn't come along and claim the masses. Hive will never get big institutional investment but it has great utility and liquidity. It is a proper decentralised peoples coin and one of the best blockchains out there. Just needs to be nurtured very tenderly and get more developers to build things on it. The market is in the toilet thats all it is, and its going to be properly rough for a couple of years. I stuck to my guns all through 2022 about it getting savage apart from once i second guessed myself. The prices of cryptos are going to the ground, proper ground and precious metals rocket. Silver is the next Bitcoin.
This dino already ran to the hills, 4+ years ago ( and likes to call himself 'King of the Hill' ), so he chooses to stack until the next top.
Bears don't frighten me any longer. In fact, I befriend them.
Great message!
I will using 33/33/33 rule:
33 in personal leo stake with lowest apy but freedom to vote.
33 in leo stake delegated with highest apy
33 in liquidity pool of leo/hive.
1 in fees.
I know the blog is about hive but it's a good time to diverse in leo too. I am too late in alot of stuff already and FOMO of hive is real. I wasted enough time not increasing my leo stake (with focused mindset).
It's not time to panic. Because other cryptos are been affected by the bear market. Being a Web 3 based block chain, the Hive price must surely pup up
No, time to buy and regret buying when it dipped below $0.30!
Posted Using LeoFinance Beta
Very well said
Posted Using LeoFinance Beta
Managing DCA as it goes down is quite a challenge!
Incredible and perfect analysis, a text that I recommend everyone to read and calm down.
I will continue building my castle, even in difficulties, because I really believe that hive is the future and that it can still be applied in several areas.
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You won’t regret building that castle once the bear market comes
Posted Using LeoFinance Beta
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We remain super focused and disregard these fluctuations
Sad but I hope it does hold here for sometime before further crashing or bouncing up.
But still it is scary sheeeeeeeeeesh...
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It’s time for Ragnarok to be released, that would change the momentum completely imho
Frame that... Really, do it.
Neah. It's my second bear market. The only thing that worries me is not sticking with my plan for the bull market.
We all have seen how the overall market is down, so HIVE is not exceptional. I will encourage us to keep building and one day, we all will smile. Thanks for adding value.
Fear doesn't stop!
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Interesting take about applications buying Hive for HP sake. I vaguely get it that running these apps requires HP.
Curious how exactly this would play out. E.g, could there be workarounds such that some of these HP hungry functions can be diverted somewhere else, while not compromising the Hive experience?
Would investing in specific layer 2 tokens that these applications use be a more lucrative bet?
In any case, indeed interesting to think about how the Hive developers are positioning themselves in this bear market. They are like the VCs within the Hive ecosystem. !PIZZA
Yes, time to panic . . . buying. 😆
Posted Using LeoFinance Beta
Hive is the best project in the crypto world. If Hive fails, every other project will. So... I'll keep putting my chips on Hive, and I've being defending it with passion since I starded on Splinterlands and recognized all of it's potential!
Great post, have a nice day!
Lordcagor
Posted Using LeoFinance Beta
Is it paid in HIVE or LEO?
Nice to see Leofinance plans laid out in one post - handy reference 🙂
Paid in Leo.
Posted Using LeoFinance Beta
Sadly Hive is now one of the cryptos that got hit heavy for the bear market. For the last few months it's been dropping 10 cents which is kind of crazy and shows a increasing sell pressure.
It's not the greatest look but lets be honest we have been here before not all that long ago. Bull market whenever that is will turn all of these assets around along with development and applications.
Posted Using LeoFinance Beta
If I had enough HBD I would buy Hive at its lowest levels. We have been at a much lower price and there was an extreme rally that later took us above the dollar.
I don't see anything to worry about, what we do have to use intelligence to our advantage this time around. It would be good to read some strategies.
At the moment all I see is a good opportunity to buy hives. Now is the time.
Accumulate and hodl !
We have a chance now to buy hive, whether we get such a chance again or not, that's why I would like to say that you buy hive so that your future is better.
Well said.
Posted Using LeoFinance Beta
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