I am also hesitating to convert HBD to Hive, there is a say: never catch a falling knife. We don´t know where the bottom is.
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I am also hesitating to convert HBD to Hive, there is a say: never catch a falling knife. We don´t know where the bottom is.
personally always thought this was refering to sellers panic selling and thereby locking in their losses. But I guess it also makes sense the other way around.. all depending on how much belief yo got in the asset I guess. Buying a meme coin going to zero on the way down is bad. Getting a good price on a solid coin is great
I interprete it as "don´t buy while the asset is still falling". For me the HBD are a safe haven, so in order to sell HBD to buy Hive I rather be sure that Hive won´t fall further.
Yeah it makes perfect sense, although nobody really knows when the bottom is in until it's already restored value.
From the other side, trying to stop your loss and sell before it goes down further, that can also be seen as trying to catch the knife before it drops to the floor..
Anyway, been buying some cheap hive and at least started na unlock of some hbd 😃