HIVE: Paper Hands Need Not Apply

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(Edited)

The Bull & The Bear

The financial world has been hit hard and the cryptocurrency community is no stranger to this dip. This time last year things were booming. But like all bull markets before it a bear market followed and it came strong and it was fierce. We the cryptocurrency community were all talking lambos and private islands just months ago. Now we talk dollar store items and ramen noodles. Thus is the life of a cryptocurrency trader/holder. In fairness to the current dip there needs to be a correction and its within this correction we see who has paper hands and who has diamond hands. For those of us who frequent the HIVE blockchain we have multiple avenues in which we can hold our cryptocurrency. HIVE, HBD, DEC, SPS, NFT's and many secondary community tokens as well. However there is a silver lining in a dipping market and that silver lining is if you still believe in the asset you are holding getting more of it as it dips to cost average your invested funds (and to get ready for the next bull run) is always an option one should consider.

Here on the HIVE Network we are lucky due to the fact we can earn cryptocurrency from our created blogging content. HIVE is no stranger to paper hands; although HIVE does have a strong loyal base who believe in its blockchain and apps associated with it. Fee-less transactions, almost instant transfers, leading industry apps such as Splinterlands, communities who are reshaping how we interact on the chain (Hello LeoFinance); Hive has allot to offer. Regardless of all the awesomeness HIVE offers paper hands can be seen coming and going as the USD price of HIVE fluctuates. Usually you will see them posting when the USD price is high and MIA (missing in action) when HIVE's USD price is low.

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Paper Hands

Don't be like the paper hands I described above. If your plan of action is to earn HIVE through content creating and curation the best time to do that is when the USD Price of HIVE is dipping. This is because your goal should be to collect as much HIVE as possible. Your goal should not be to collect as much USD worth of HIVE as possible. A dipping market can make $100 USD worth of HIVE look like $10 worth of HIVE in a hurry. However one Hive Token will always be One Hive Token. Back to my point about creating and curating in a downward pressured market. Its no secret that whales hold the most vote power. Allot of these whales will adjust the vote they hand out based on the USD value of their vote. This means if you have a whale that likes to vote your content on the regular with a set value of $1 USD having the price of HIVE at $0.30 cents would mean you would gross over 3 Hive for the whales vote. Now lets say the USD price of HIVE reached $1.00 USD and that whale is still handing you $1 USD votes. While the USD amount handed out in said vote hasn't changed the HIVE amount did. You are now getting one HIVE compared to the three + HIVE you were getting earlier in our $0.30 USD price point example. So as my example using completely made up numbers (but not unrealistic numbers) demonstrates, its much better to be creating and curating when HIVE USD price is dipping. Are you still creating and curating? Are you a paper hand or a diamond hand? Lets hear your opinions about the current state of the cryptocurrency world below.

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22 comments
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I'm a clown hand :P I'll tell you my strategy though: buy Hive like crazy when it reaches 20 cents until then I'm continuing to stack HBD on my alt account

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(Edited)

I suppose we all can attest to being clown hands to some degree. Interesting strategy you have. I been slamming my posting earnings into DEC in hopes it gets back to peg before the next HIVE run.

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for me Hive is the main goal, everything else ( besides BTC) are just means to get more Hive

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That is my goal with my DEC purchases. If DEC reaches peg before HIVE trends too far upwards I would have increased my HIVE by 30-40% once I trade it back. Problem is Splinterlands keeps teasing me with ways to spend my DEC. So far I haven't done so.

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It is funny how some tend to stop posting during the dip when they should continue to put in the effort provided they have the time. Letting the Dip or Moon influence our activity on Hive is not seeing the bigger picture.

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hmm, you outpace me in writing about HIVE during the bear market. There are some slight differences from my perspective:

first actually when HIVE is dipping, the curation value is dropping too. overall we can pump up HP better/faster when HIVE is low, however the total curation value is actually dropping a lot. Now it's a good time to power up, but not a good time to monetize our postings.

second, currently many orcas and whales are powering down, some of them want to hedge their HIVE in HBD, or maybe they want to have a nice Christmas Holiday, and some other maybe are paper hands 😂 In the end getting a good curation value is harder now, many of my friend have given up and they choose to be idle, delegating all of their HP to some projects like ECENCY and OCD.

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(Edited)

first actually when HIVE is dipping, the curation value is dropping too.

Are you speaking USD value or HIVE value? If everyone's curation efforts remain the same in bear or bull markets our HIVE curation value should stay roughly the same regardless of the USD value shown. When the HIVE value on a post (not USD value) dips our curation for that post does the same in HIVE. Example: the whale that adjust HIVE value downwards who likes to give $1 USD votes regardless of Hive USD value.

Now it's a good time to power up, but not a good time to monetize our postings.

That depends on what one plans on doing with what they monetized. I HBD>HIVE>DEC, if all goes as planned and DEC goes to peg I would have +*40% my HIVE. If not I can use the DEC to purchase Splinterlands assets at a discount thus still giving me extra value for my spent HIVE.

second, currently many orcas and whales are powering down, some of them want to hedge their HIVE in HBD

Whales will whale. Its my opinion that hive at its current value $0.37* is still a strong price considering everything that is going on. I wouldn't be surprised to see a slow continuous rise until the next bull and like always some correction but we are currently in an unpredictable market so we could be in for further dips.

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A lot of people are unmotivated during the bear market but that is the perfect time to build. I think it's better to post during the bear market because your more likely to stand out.

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Agreed, those who are unmotivated stop posting so its easier to get noticed as there is less post to compete with.

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I sold most of my Hive last year when it was above $1. So I might have paper hands, or maybe I was smart. Only time will tell, I guess. I stacked and held it all the way up until then, though.

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So far in the short term it looks like you made the correct move. Long term, who knows but with all HIVE has to offer its hard for me to see a successful crypto run that doesn't include HIVE. If one wants to have their cake and eat it too; sell near the top then flip that back into HIVE during dips to accumulate even more HIVE for the next bull run. There are many options and as you said only time will tell which one pays off.

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In a fair and reasonable world, Hive will get the recognition it deserves. However, we do not seem to live in such a world.

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Are you still creating and curating? Are you a paper hand or a diamond hand? Lets hear your opinions about the current state of the cryptocurrency world below.

I'm still active here, probably more than during the bull run :) ... And I'm still hodling and diversifying my Hive and Hive Engine tokens.

HIVE is no stranger to paper hands;

This is what makes a little day trading a great way to rack up some extra Hive :) ...

This post has been manually curated by the VYB curation project

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