I heard complaints about HIVE many times recently, and of course, they are happening more often when the price goes down, than when it goes up... Interesting, isn't it? π How nobody complains when the price goes up, but many do when it goes down... Well, guys... If you can't bear with that, you shouldn't be in crypto... Crypto is young and crypto is volatile! Especially if you are looking at the ZOOMED IN image!
Created on Canva.com
The fact is that HIVE did have its better days, and it's true that priced in BTC, it does go down... In Hive's defense, that happens to many cryptos out there... The vast majority never go back to their ATH, while only a handful can say that they beat their ATH recently... And most of them are "new tokens" that aren't "time-proof" as HIVE... Another thing that it's important to say is that it's hard to follow BTC's steps! Bitcoin is widely famous and adopted in many places, while many other cryptos aren't... Because of that, BTC price goes up because of worldwide demand, and not "just because" it's a bull run... It's the reason why the bull run begins!
All in all, it's hard to compare HIVE with BTC... It's hard to compare anything with BTC... Look at traditional stocks and companies, BTC beat almost all! But, does that mean that everything is shit and it's not worth our time? Of course, not! BTC isn't almighty, it covers one thing, but we have different blockchains that serve different things, including HIVE... I know the saying "Winner takes it all!", but that doesn't mean that nobody can try and work differently...
Now, back to the complaint... The price of HIVE goes down... True... But, it goes up too... It is volatile... So, you can do things with it... You can sell when it's up, and buy when it's down... Now, here is the main issue of those who complain the most... They think that you HAVE TO SELL at the ATH, and BUY at the ATL (all-time low!)! That's impossible to do!
Let's drop some (real) numbers... Two simple examples...
Just 1.5 months ago (November 4th), HIVE was at 14c... If you bought it then and sold it now, you would be in a profit!
Same moment, for example, you bought HIVE for $100 at 14c, which means that you got 714 HIVE for that... 9 days after that (Nov. 13th), you sold it at 30c (the top was even more) and got $214.20... You bought HIVE back (Nov.21) at 24c and got 892.5 HIVE... You sold it again at 40c (Dec. 9) and got $357... All in all, you more than tripled your investment in less than 2 months!!!
So, can someone explain to me how you can't earn money with HIVE?? And this was the simplest explanation ever, without going into blogging, staking, investing in games, etc.
When there is volatility, you CAN earn money... When the price goes up, you can earn money, but you can also earn when it goes down too!!!
IF YOU DON'T KNOW how, that means that you should invest your time to LEARN it how, and not whine and blame everything else for your lack of knowledge!
Thank you for your time,
--ph--
PS. None of this is financial advice of any kind...
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It has been a great few months to take advantage of the Trump pump. Lots of amazing opportunities to really move the dial in your Hive/ALTs stack too unless you were like me and got too greedy with your trades. π
Well, it happens to everyone... I did the same with some tokens when I was too greedy to take profits... But, it's childish to blame those tokens for that... It was my fault, and not someone else's... the Universe, the bear, the bull, or the red traffic light... π
We had our chances and opportunities, and we have them daily...
Have a great weekend! It's time to disconnect a bit... π
I for sure agree. Certainly good to have some late night blogging again.
"Earth provides enough to satisfy every man's needs, but not every man's greedβ Mahatma Gandhi.
I also struggle with the people that are celebrating all time highs on hive and complayning that hive doesn't go there. When you look, BTC went from 65 to 105' and hive went from 0.17 to 0.40. What asset progressed more?
It goes up, it goes down... But, people think that every token has to "prove" something by passing its ATH every cycle... well, except BTC, it doesn't happen that often...
You should measure from the cycle low.. And BTC went from 3k Dec 2018 to 100k now, Hive still around the same price level.. What will be interesting this time will be to see if we make a higher high or lower high by eoy 2025 ;)
I think that it's difficult to compare the two tokens in the long run. First of all because BTC has a much wider trading range with much more stake holders. Hive is a very small coin and the whim of some bigger player can be enough to bring the price down or up. Another thing that is worth mentionning is that you get a return on hive with curation rewards and staking rewards. Therefore it would be better to compare the compound return on hive rather the token price on the market to make a real comparaison.
Yes, I agree, I'm aware of that, I love Hive too but btc is King. I was simply commenting on what asset progressed more, not on any pros or cons ;)
Well, you are right about that, nothing can really compare with BTC :-)
hive/btc will make bottom very soon. Next year is the year for alts to outperform, i'm excited to see what our high will be this cycle, Hive will soon cath up with Btc imo :) Have a nice evening
If we speak recently...
I think XRP did it, jumping from about $0.5 to over $2.
Great post! Love the volatility, did like yours eg. accumulated in our box to sell on breakout move, hoped to dca around the previous high but got only 0.38 filled, then bought back on this retest of the accumulation box. (on daily tf been 2-3 nice pump&dump) Just like the previous cycle, breakout, retest, continuation. (small circles) Next trade will be a much bigger move mentioned 6 months ago @mypathtofire. Imo If Hive is a strong coin we will not go below our box. And if we did build the bottom on top of the previous bottom, I would bet the top will be above or below the previous high not some random place.. What do you guys think?π
I think you are very optimistic... π JK... I don't like to speculate a lot regarding tops and bottoms, especially not ATH and ATL... I try to follow a conservative strategy, moving step by step, taking some profits during the journey, or accumulating more tokens...
I mean, I would like to see HIVE over 2-3$, but not sure if that will happen... But, it doesn't HAVE TO happen to keep me interested in HIVE and to realize the real value of it... π
At least I wasn't bullish in 2022-23, the time to be bullish is now imo π
From my own personal tests in other markets, timing requires some effort and a clear understanding of the actual fundamentals and movers in that market.
It's work.
Regardless of price Hive has some intrinsic value because of the obvious utility. I've stepped up writing again, and I'm attempting to use that writing to bring people from other platforms to Hive.
Communicating the value of that, without overwhelming the potential user is an art and a science.
Indeed it is! And not many people like to "do" the work! It's always easy to follow someone, to copy-trade, or to whine when it goes in the opposite direction, without having any risk-management plan!
HIVE has its value in the space, but it can't be compared with BTC... It's too childish to do so...
Hahahaha... that's true... take it easy... "Hive is a place where you can meet some cool people and help your friends".. That's my newest definition.. π
Hive also doesn't have btc exposure, if you people you know, everyone heard of btc, if you ask hive they tell it's where bees live
Nobody has BTC exposure... that's why it's impossible to compare HIVE (or any other crypto) with BTC...
hehe so funny ππ
Prices go up and down. I think hive is just following the market, and there is nothing to be scared of. People should have taken some profits if they wanted to when the pump happened. I think it was a bit too early because Trump didn't take office and we haven't seen what actions would be done yet.
That's a big truth... Everything that happened in the last 1-2 months is pure speculation, or buy-the rumour event... We will see what happens "in real" next year...
Sometimes, it's the new tokens that aren't "time proof" that makes me worry a bit when prices are down. Could this be their end?
Understanding volatility is definitely an advantage to have when you're in crypto, it's not all bad news when the price goes down.
A small brain exercise... If you have 1 token that was launched 1-2 years ago, along with thousands of other tokens at the SAME time, reaching ATH on one side... and you have HIVE on the other side, that is out there for multiple cycles... Which one has more chances to survive in the next 5-10 years?
Definitely HIVE. Because it has experience multiple cycles. I think most new tokens will really be tested in the next bear market, how will they survive or thrive through that period remains to be known for the most part.
Some of those new tokens are already tested at these very moments... Some will not survive until the next bear run... π
A lot of people won't do this because they don't think they have the time to study market patterns and then take advantage of it. They just simply want a self-made product that only goes up in price all the time. Infact, some aren't complaining anymore, they just power down, selloff and be like "oh I'm finally off" I just think that only those who believe and take advantage of the system will actually win.
@tipu curate
I can understand that... I did the same in 2013 when I bought my first BTC and sold it after a few months... Tbh, that's the better way to do things than to whine and blame everyone for YOUR fault...
Upvoted π (Mana: 53/63) Liquid rewards.
Many people on Hive don't trade. A little trading could be good sometimes.
Well, it was a bit specific example as I got triggered by the person who is a "trader"... So, I do agree that many don't trade...
On the other side, for those who don't trade HIVE, your post on HIVE is still earning more than your post on FB! Even if the price went down... π
Curation too... People don't have the patience to see their stake grow, and with that the rewards. But those who do, understand how powerful this is.
On a positive note I put my 30% profit on Hive in SPL. I'm not an expert on investments but hey I'm winning π. So thank you very much Hive!
Good for you! You found your niche!
Yeah, I didn't even go into other things... I'm not a (professional) investor either, but that doesn't mean I can't invest (and maybe find some gems π)...
Yeah and with the swapping for free this is jsut an awesome thing to do. I need to get in there a bit more. You can see the market collapses coming from miles away but im not acting on it. Need tooooo
Send me a message next time, so that I can prepare a bit better... π I will act on it... π
Yeah volatility actually means opportunities. Had some fun alternating between Hive and HBD the past few weeks. Hehe!
!LUV
I suppose those trades played well? I did get a couple of hundreds of HIVE during the latest moves... π
So far so good. But it's mostly just playing around with spare change, since most of my Hive and HBD are staked. Hehe.
That's how it should be... Keep your HODL portfolio on one side (or staked), and play with the "short-term" bags... ;)
!ALIVE
!PIZZA
!LUV
!WINE
!PGM
Thanks for all the tokens! π
Thanks for your curation, @bhattg! Appreciated!
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