*this is a meme 😜
What a week it's been with the HIVE break out from the ascending triangle pattern. It seems every time I check, HIVE is up a few more cents. It was at .62 and climbing recently and I must admit it's getting a bit alarming.
Indicators are still screaming Buy HIVE....
*src: https://hivewhat.com/charts
We are officially in un-charted territory. The opening day pump can be discounted from almost all charts and that means we have zero resistance. The up-side potential in this market and coming post-Bitcoin-halving market (yeah, it will likely take months before the halving takes effect as smaller miners are already selling) and that means potentially months more of this volatility.
For those who are new to these pumps, please be careful. Take profits and power-up accumulated HIVE when opportunities arise. Do not assume HIVE will keep rocketing to $1, then $10... oh how much I wish it does. That would secure every one of us early adopters a solid future stake in our blockchain.
Am I trading HIVE? Hell yeah!
Should everyone trade? Definitely not.
If you are not an experienced day-trader (I'm no pro but have been doing this since .com penny stocks were kl), I suggest hodling on the sidelines and creating epic content to earn HIVE long term. This bull run may soon become a full fledged bull market, and the potential gains from powering up and posting are now greater than ever.
I remember watching videos 2 years ago about the first content creators on Steem making a killing, well those days are almost back on Hive. With all the new interest we may be teetering on a decentralized social media renaissance.
Let's make the best of it!
Peace ✌️
PS: There's about 9 exchanges listing Hive now but if you're onboarding I suggest joining @Bittrex. The referral program is awesome and works great when explaining to friends how to cash out or trade liquid Hive. You earn each time a referral makes a trade. If interested, please sign-up with my referral link: https://bit.ly/JoinBITTREX
*This post was shared on on Twitter here:
Still not selling. :)
That's the spirit! 😃
I purchased my first crypto when hive was launched and bought at 22 cents. I saw it dip and then now, wow. But I'm in it for the long term. I'm here because of my music, so I'm happy I'm contributing for something greater and in the long-run, when the rewards are much much higher, there may be opportunity to earn a decent living.
Long live the Hive!
Couldn't agree more and you're super lucky if Hive was you'r first crypto 😅... when I joined Steem it cost ~$3 per token, and watched it falls for over year while still posting and using the platform. That experience proved to me that decentralized social media wasn't all about the rewards, many of us fell in love with the platform even while seemingly losing our initial investments. Hive is like a blessing in that regard, everyone who held on through the Steemit mess is now getting rewarded.
I sold my little bit of liquid when we hit .40 but then when I got my steem power down, I converted to Hive and powered up! Hive is by leaps and bounds my largest holding at this point, lol. By allot, lol. So I am just going to keep curating and posting! Everyone just needs to remember to be cool, be real, and abide! Because hive is alive!
Same here, sold some just above .40 expecting a correction and had to jump back in on that last run up, lost a few percent gains but trying to avoid the dump by raising stops as it climbs. It's definitely a good time to blogging and engaging again, plus all the new users will need our guidance 😉
Crazy times... it’s really hard to say how cruel will be the correction?)
for real "look out below" ... I'm raising stops after each pump, hoping to pick up more when it does
I think the mantra for long term success is really "what can you do with it", and HIVE is just proving to be just the seed of many interesting projects!