The crypto market is volatile and this is something that we all know. We work on hive and hive is a crypto coin hence it also has to follow the same nature in this market. I mean to say that if bitcoin can show volatility in its price then hive can also show the same as both are built on the same principal. Hive price has gone down to $0.20 and this price was not expected. Its true that most of us have not expected this price but it does not mean that Hive is going to follow our sentiments. Things are market-driven and if the market is in a downtrend, then most probably the hive will also follow a similar trend.
Hive is not the only crypto coin dropping its value in the market. If you have a look at the above image, then you will be able to see the overall market. Almost every coin is down, and we can hardly see any coin in green color. In this kind of market, how can we expect the hive to show price stability which is hard to happen?
Hive Price
Here is the price chart for Hive and the current price is $0.20 which is certainly. The price was an almost half a dollar a few months so if someone has sold all at that price and bought now then surely the stake is grown by 150% but that is not practical for all of us. Everyone wants to grow hive holding and convert it to hive power but because its staked hence not easy for us to sell and buy back. I generally try to keep some liquid but since things are unpredictable hence its not that every time such opportunities can be availed.
This price is certainly low and maybe it drops further. This price has been in the market for the hive in the last 2 years and probably because of this reason many of the hivers are a little worried. But the question is - do we need to worry about this price? why this price has gone down and is it temporary? I am sure that there are many reasons behind this and market sentiment is surely of of them. Some people say that there are better projects out there in the market and its true in a way but the hive is unique.
Hive Accumulation
When the hive price was $.27 that time, I converted some HBD to Hive as I was not expecting this type of drop. May be now also is a good time to convert which I will be doing most probably but want to pause before I do.
Its not the time to sell a hive instead it's time to accumulate. May be some weak hands are selling and I think that it's the right time to accumulate more but its not financial advice from my side. I don't have HBD in savings hence whatever HBD I have can be used to convert for HIVE and I will be doing this.
I am not going to sell anything instead I am trying to get some hive for me because I find this a good opportunity to buy discounted hive. I am not sure if this price will drop further or not but to deal with this situation, I will buy in parts and this way will be able to average out the prices in different price levels.
Thank you
Posted Using InLeo Alpha
