Its Crash but an Opportunity in Crypto
Currently, the crypto market is not doing well and we can see most coins in red color. It's really sad for the people who have lost their funds because of this ftx exchange issue. Earlier it was expected that the exchange is going to be bankrupt but later it is also hacked which I think is not a fair case. It is hard to say but seems something is fishy here and because of this people have lost money. Losing money is never a good experience and I feel sad for the people who have gone through this tough time.
Not your Keys, Not your crypto
I believe that in the crypto space we all call it not your key, not your crypto and as per the current scenario, this formula is correctly applied. It is very important for our funds because we cannot rely on the exchanges. A hardware wallet is a very good option as far as I understand and even I do not have this with me now. I am thinking to buy one soon and hopefully that way I will be able to safeguard my friends because I will be able to own my keys.
Hive is Safe
I am not at all worried about the hive because it's in a safe place. I own the keys to my account and all my funds are locked (staked) so only I have the access to the balance. Hive price has also been affected by the market crash but that is not a matter of concern. I believe that we all should be happy that we are part of a community where safety is foremost and it's not easy for anyone to take our money because we are not relying on the exchange. The 13 weeks power down is also very good because this way it will not be easy for anyone to power down everything in a short amount of time.
while the market is not doing well and this situation is not good for the people who want to sell but this is very good for the people who want to buy. Currently, the price for HIVE is in the range o $0.35 and this is low in my opinion. I have converted my hbd to hive and I got almost three times off the coins against my hive dollar balance. It's been a long time since when I did not get this opportunity and I'm glad that now I can accumulate more coins. The current price does not bother me anyway because I am not going to sell anything and all I am accumulating is going to be powered up. If I will be able to increase my overall hive power then I think this is going to be great for me.
Even buying the coins from the market is a good opportunity because we know that price will grow after a certain period. Even creating posts these days is better as we can earn more tokens because of the low price.
So there are two ways that we can follow to make this time an opportunity and make the most out of it. First, we can buy the coins from the market at a lower price which is like discounted shopping. We do not get this type of opportunity all the time but whenever we get we should try our best to in cash it as much as possible. Whatever is gone and there is no point worrying about it instead we should try to average out the price this time to make the investment more profitable when the market recovers.
I see the current situation as a good opportunity for the people who wanted to buy crypto agile over price. We cannot do anything with the ongoing scenarios but what we can do should be done on time before the price go up. I am trying to buy some I said and even I am buying more sps coins because this is also available at a lower price. What you are doing to back this opportunity?
Thank you so much
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