Hive has its own downtrend too. Currently it is $0.3352 USD. It went down -6.80% in the previous 24 hours, and it fell from more than $1 USD in the previous three months.
For a healthy asset both uptrends and downtrends have their limits within sustainability. I think, that if we compare the current market cycle to the previous one, we've already reached the limit, or within one more fall. In 2018, the bottom lasted for 4 weeks. I'm personally quite confident we are currently already in the 4-week pit.
The way out is to accumulate while the prices are low.
Hive has its own downtrend too. Currently it is $0.3352 USD. It went down -6.80% in the previous 24 hours, and it fell from more than $1 USD in the previous three months.
I know it's down in USD, but I'm mainly interested how Hive does against Bitcoin.
For a healthy asset both uptrends and downtrends have their limits within sustainability. I think, that if we compare the current market cycle to the previous one, we've already reached the limit, or within one more fall. In 2018, the bottom lasted for 4 weeks. I'm personally quite confident we are currently already in the 4-week pit.
The way out is to accumulate while the prices are low.
I'm on the same page that either this the pit or we have a one shake out left.
Either way dollar cost averaging is the way to go, because in the end nobody knows where the bottom will be.