It's Time!
Not long ago I had a post about HIVE, in which I remember posting a chart with an approximate zone for the best period of accumulation (in my opinion). HIVE was at $2.25 back then (chart on the bottom of the post) and everyone was confident that HIVE is going to go to the moon.
Unfortunately pretty soon we had to realize HIVE is not trending in the right direction and we have to adjust our plans to the new situation.
This is the weekly HIVE chart and if I slap a FIB on it, you can see we're at 786, so you can have a pixel perfect entry right now.
- Is this the bottom? Will HIVE dip further? No one knows, that's the secret of the future.
- Is HIVE going to have a new ATH in the upcoming months? No one knows.
- Is this the bear market? Remains to be seen.
- So what's going to happen now?
Looking at the Wall Street Cheat Sheet, we're (possibly) at "Panic" phase, where it says "Shit! Everyone is selling. I need to get out!".
Well, the above statement at the panic phase is valid for some, especially those who don't believe in the platform. For the rest of us who's been here for years, it's business as usual, because Hive is part of our lives now.
Those who came back a month or two ago because of the news that HIVE is over $3 will most likely leave again as working hard to accumulate is not their style. This is not necessarily a bad thins as some might think. We've been through this several times as history has the habit of repeating itself. Them leaving means a bigger slice of the pie for those who are staying. There will be less active users, which means the reward pool will be divided between fewer users. Any old timer knows these are the times to earn.
I'm actually happy to get another accumulation period now. Compared to last year or to the previous bull cycle, we're in a way better position as a platform and with the options we have today, accumulation is made easy for us.
However, this is just one way of looking at things. We have a certain way to look at the platform and evaluate the tokens based on history, but that's not necessarily how it should be. Hive is no longer a blogging platform. Blogging is just one area, besides the others we have now.
Hive is going mainstream as the development we have these days is helping the platform in attracting new users. New users may bring new investments and all put together can push the platform to new levels.
In a year or two anyone who's here today will be happy they have decided to stay and accumulate.
If, and I mean if, you're able to find coins that are down 80% since their ATH, but have a gorgeous APY staking, you'll be compounding your profits massively coming year. source
HIVE is down roughly 77%, which qualifies it perfectly as we also have a nice APY for staking. So as I said in the title, it's time! The smart ones already know what to do. Others will wake up again when HIVE goes to $2.
Crypto is not like fiat, it has its ups and downs and you have to know how to treat it. We want to end centralization and crypto can give it to us but to use it in a profitable way, we need to learn how. Financial decisions were made by banks and investment companies in the past. Now it's on us and I could not be happier.
So, are you in or out?
Posted Using LeoFinance Beta
We are in accumulate zone. That's the perfect time to earn hive through posts or simply buy from market.
In the end hodlers are the winners. ❤️
I couldn't agree more.
Posted Using LeoFinance Beta
Yeah I'm quite happy with it going down as I can power up faster.
I know right... This is the best time to grind harder.
This is one thing I am so sure of.. Everything will gal in place in the future. The only thing one has to do is to keep finding ways to improve the hive blockchain.
Definitely in..
Keep grinding mate.
Great post..
Smart people know when it's a good time on Hive but when the market is down, it is especially good time to work hard.
Now is definitely a great entry point. As always in these types of markets, buying in pieces is almost always the best way to do it. We may have bottomed, or it may drop further. Or it may just go up. No one knows for sure. But what we DO know is that this is a great price if you're looking at the long-term success of the platform. So, I'm a buyer here as well.
Really good write-up of the situation we're facing! :-)
!PIZZA
Posted Using LeoFinance Beta
I'm glad you agree with me on where we are right now. If you're here long term, it's definitely a good period to fill our bags. This is how you can accumulate enough to be ready for the breakout when it happens. I'm in no rush by the way.
PIZZA Holders sent $PIZZA tips in this post's comments:
@dagger212(1/15) tipped @erikah (x1)
Learn more at https://hive.pizza.
I'm in! ;) It's a shame that I am not at all as good in crypto knowledge as you, but for me it's just a good time to power up.
No worries, I'm not good either, just learning but if you are powering up HIVE, you're a winner already 😀
I'd definitely agree that for those with large HBD holdings or who are looking for a good time to scoop up some Hive, now feels like the beginning of the first majority opportunity to do so.
I'm definitely here to stay, but I can imagine anyone joining now will have an easier time sticking through future price drops if their initial cost of entry was so low.
!1UP
It is definitely a good period to accumulate, earn or buy and those who understand this are the winners.
You have received a 1UP from @entrepidus!
@leo-curator, @ctp-curator, @neoxag-curator, @pal-curator, @pob-curator, @vyb-curatorAnd look, they brought !PIZZA 🍕
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Thank y, I really appreciate it!
IN... Of course :)
Trying to trade a little with HIVE against BTC to make more HIVE in order to be even more strong. Orrr maybe to compensate a little for my slow mode posting last year. Let's see what 2022 will bring. Though we all love HIVE to go up, I don't mind seeing HIVE dipping much further first. Have some BTC (unfortunately just a fraction of a BTC) waiting to catch the dip ;)
Who knows, It may dip further as HIVE is unpredictable. Good thing you're in :)
Posted Using LeoFinance Beta
😱 even further 😱
I don't mind a much large dip. Some day it'll be the total opposite again.
Lol, yeah, I agree, those are the only options for us, addicts 😂
Posted Using LeoFinance Beta
i only have one concern: the constant SELLING PRESSURE on HIVE from people converting HIVE to other assets for DeFi.
Why can't LeoFinance build Defi on HIVE? Why is it some other chain: eth, bnb, thorchain now. Why does NFTShowroom make you convert your Hive to something else to post and buy?
Unlike SOL, ETH, BNB... HIVE continues to be sold for these other opportunities that are advertised as HIVE. They are not. They are draining Hive all the time, constantly putting selling pressure on HIVE.
IF we could build actual DEFI or NFTs on the HIVEchain, then it would be a liquidity lock and help HIVE price. But until then, people will continue to SELL SELL SELL hive for opportunities.
There is nothing wrong with LeoFinance, but the realities should be discussed. I have been blocked by LeoFinance on Twitter for calling this out.
Lol, sorry to hear you got blocked on Twitter by leo. I don't know what to day about why DEFI is not built on Hive. I suppose it's a question of connectivity, bridges, oracles, I'm not an expert in technical things like this.
But I would not be worried about the selling pressure either. Selling has to happen as that's how it works but that doesn't mean it's going to ruin Hive. Those who believe in the platform are more and more and will the new developments we're going to grow faster.
Posted Using LeoFinance Beta
Thanks for the reply. Im ok with being blocked. PlanB and the CryptoLark blocked me too. I'm aware that my "tone" turns people off sometimes. And especially if I am talking about things crypto related, people can take it personally. The fact they blocked me only confirms I was probably right, that the DeFi that asks one to sell or swap their HIVE is actually causing selling pressure. Then those people become Whales and can take advantage of Subtle swings in price and dump for larger profits to add to their projects. I've been with STEEM since 2016 and there was always something like this going on. It's ok. BUT YES, if DeFi could actually be built on HIVECHAIN, then HIVE would rise steadily as that HIVE would be locked up. All good. Thanks for the reply.
I'm attempting to host a HIVE Twitter Spaces every day this week from after New York Markets close. 4:20pm East Coast / 2:20 pm West Coast.
No worries if you can not stop by. But just inviting you and feel free to share with others. Making a post now for it. Just a public place to chat any and all things HIVE! :)
https://twitter.com/allthemoneys/status/1485584695572135938?s=20
Posted Using LeoFinance Beta
Many will disappear again. I was taking a look at my followers and was shocked by how many accounts are dormant since 2018 crypto winter, some since 2019 never ending bitcoin accumulation. Only if they'd stayed and persisted =/
History has the habit of repeating itself and we've seen this so many times. But no worries, more opportunities a d rewards for those who are here daily. You can't force people to work hard.
True true. Persistency is key.
Been holding to my HBD from post payouts for the last 4 months for today! Yaaas, Guess, my decision isn't wrong! Let's do this! 😍
With the HBD saving option it is a good idea.
It fairly is @erikah! 😊
Always in.
Anyb3who has been here for the past two years is very happy right now.
We were operating at 11 to 15c for a long time so we are well up.
We also know the potential is here and will be looking forward to the next few years.
Exactly, for us this is a long time investment and not a get rich quick thing. If you look around to see these reactions who've been here from the beginning, no one is worried, nor think of quitting. This is actually good.