The price is wrong: Bitch!
So I'm on vacation now...
Trying to write a post on my phone.
Not my cup of tea.
In any case, there's not much to be said.
Number go up.
That's great. Right?
I mean, sure, seeing my net worth top out at $400k is a bit mind-blowing. That's been the plan for the last 3 years: wait out the bear market till Q4 2021. Here we are and I am not disappointed.
However, this is a bittersweet transition, as I find myself completely priced out of the market. How could I possibly justify buying Hive at these inflated prices when I so aggressively stacked the obviously crucial 10-25 cent range?
That being said this is quite a mind-trap. At the core level I'm either bearish or bullish. Either the price is going up or the price is going down, right? Doesn't matter if Hive is $100. If it's going to $200 I should buy more. My previous buying patterns should not be considered in this decision.
But that's not how the human brain works. It's very hard to justify buying a token at x10 the previous accumulation range. Unit bias and irrational emotions in this market are largely unavoidable.
It's also not how decentralization works. If all the whales held and never sold, new users would be locked out of the fair market forever and power dynamics would remain stagnant instead of dynamic.
It's also impossible to buy more using my strategy of volatility trading and portfolio rebalancing. If anything I should be dumping my liquid Hive into Leo or Rune. Simply hodling Hive at these levels is basically the same as buying it considering the size of my bags and which communities I choose to support.
Conclusion
Number go up.
It is a yin and yang thing isn’t it?
When the market is low/bear, we long for higher stake value while reaping larger tokens per post, and buy handfuls of hive per hbd.
Now that the time price is up, we celebrate the inflation in the value of our stake while regretting any hbd balance which doesn’t buy much hive anymore. Are we too late to invest and increase our stake? Is this it?
I say celebrate, sock hbd into savings and buy the dip, enjoy vacation and keep earning the benefits in our network of friends!
You earned it all.
Yeah, the posts are worth less HIVE now that it is inflated it is a bit disappointing, I didn't have enough time to accumulate, but it is not something I can complain about
You joined 2016...I joined a year later. Time wasn't our problem, somehow we just missed it.
There is still time though, even if not this bull cycle, maybe the next
Its hard to buy when its 10 cents and looks like the project could be crushed to zero. Also hard to blog when there is no audience in the bear years but that's when the money is made.
The good news is your current stake makes for heavier $ upvotes and all of the time you have put in accumulating that stake is paying off a little more. It will go / then \ then / again. Just keep blogging.
Indeed
Personally, I dumped some liquid Hive for 2:1 on HBD. If Hive drops again I get to double my liquid (or more than double), if it doesn't... I get to toss an extra few hundred HBD into savings for that sweet sweet 10%.
It's a win-win scenario!
Oh yah!
Benefits to both side of the equation and we have the choice to take advantage of both!
how often is the 10% paid out on HBD Savings ?
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You can claim accrued interest every 30 or 31 days, I forget which. It's not a lot unless you've banked a decent amount of HBD, but in a scenario like we're seeing now where Hive is higher than HBD it's a perfect time to sit back and collect (IMO) instead of turning it into Hive.
But, I mean, take my advice with a grain of salt. I'm just doing what I think is best given that my stupid bank gives me 0.02% interest on savings and HBD gives me 10% so it's (to my mind) a far better return on money I'd just be leaving to gather dust, and since crypto is so often so volatile, it gives me a chance to play a longer game of waiting for the right time to convert and pad my HP.
Lets goo!
My net worth is like 100x smaller than yours but I face the same issue: how can I justify buying now when I bought the huggest chunk at around $0.20?!?!
My plan is to sell some of my Hive and to buy it back in the bear market but it's so hard to sell it because I believe Hive is still undervalued.
That mind trap is something we all struggle with. It's something I try to keep in check myself and I think that's one of the biggest advantages I now have compared to the many who impulse buy. These prices seem too high too fast to hold. Of course I think we will hit a new base level somewhere above $1. It's because of that I've been dumping my inflated Hive or what I feel is inflated at the moment into other cryptos which seem under valued.
Hive is actually pretty awesome for such transactions but the trick is having enough liquid hive on hand at all times. Hive for whatever reason pumps as a majority of the rest of the crypto market falls. What does that mean? To mean one of the most perfect spots to grab up another crypto I've been wanting. If that crypto is down 5% and Hive is up 25% I actually am buying 30% MORE then I would have otherwise. At least that's my thought process on it.
Whatever you do decide, am just glad you're in what I like to call a prime position. No losses for you from here on, only better strategies and lessons
#NumberGOup
My gut feeling tells me there's going to be a dump to that $1 which acted for so long as a resistance and now it's time to test it as a support. If that happens and bounces back to $2, then I see no reason why it won't go to $10 in probably less than a month. There's a lot of Korean activity lately, thus the dump theory makes so much sense to me...
Why am I not trading? I seem so good at that on paper...
Anyway, what do you think could be the "ultimate support for HIVE now? How's that going to change if it gets to $10 and not instantly falling?
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This is volatile price discovery.
Might as well hold till the airdrops come.
You are right, increased price in HIVE creates opportunities to invest in other projects that are still not under the spotlight. At the same time when you think of the incoming airdrops on Hive on Speak Network and a new blockchain game, it incentives to hold on it. But yeah, if you know to play the market, that's another angle you can play.
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This is why it will be mostly newcomers with FOMO who push it higher.
I guess in this case the newcomers are very important
I got value
I see hive going up more yet... it would be nice to ride hive up, trade for cub, ride cub up, trade for leo, ride it up, trade for rune... and have it all work in order. It seldom works that way. Numbers up is good though!
It just keeps going up...and at this point, I don't even know how far up it will go. I feel tempted to move out my SWAP.HIVE and load up the credits for chaos legion packs right now because I won't need to sell my untamed packs if I buy credits now.
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Mate I am feeling the same. I was trading about 200k of liquid hive that I have been holding/trading for years and sold between $1.2 and $1.7 with the aim to buy back when it retested the $1 support. Now its like wtf $3.10 and climbing, 3x in 3 days. Looks like its going straight to top 50 coin and $20-30 at this stage. Whole strategy out the window. Still have my 70k HP moon fund powered up; so its bitter sweet. But sellers regret is a real thing. I have seen people plugging hive on random ETH NFT discords; never seen that in my life. The momentum will be hard to stop.
I just doubled my Leo stake with just 30 hive lol awesome shit! I also took advantage of it and bought a bunch of HBD as well for when things come back down. Then swapping that and making some cash off it!
I'm still a bit confused by the HIVE on Exchanges stats. Shouldn't there be more than enough?
You'd be crazy or stupid to trade your Hive for U$D.
If you feel the need to sell some, move it into some other crypto.
NGU!!!!
Any post that takes one of my favorite scenes from my favorite movie will always get a 100% upvote from me and my trail :-)
"I think you've had enough, no? Wack Now you've had enough!"
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