Same old Story...
This morning I woke up and I did the same thing I usually do before I get out of bed. I reached over and grabbed my phone to see what I had missed over night. That is one of the things that is so crazy, if you sleep, you miss so much in the crypto space.
I know it is probably foolish, but I have started to get in the habit of checking Coin Gecko each morning first thing when I wake up. To say I was a little distraught this morning when I saw that the price of Hive had dropped back down into the $.60 range would be an understatement.
It isn't my intention to make light of those who suffer from PTSD, but part of me feels like that is exactly what is happening to some of us. After the three year bear market, when we see the prices start to fall like this I can't help but think "here we go again".
No doubt you seasoned individuals are laughing at me and thinking "this guy has no clue". You would probably be correct with that statement. This is my first real bull market. I didn't get involved with crypto until the end of 2017 and early 2018, so all of this is still very new to me.
I can see how it would be easy to start looking for that door. I'm not looking for that exit door, but I am just saying, I can see how emotional this whole thing can be.
I've read countless articles over the past couple of weeks that talk about how important it is to leave emotions out of it. Unfortunately, that is easier said than done.
It is a very emotional thing to see your account that you have poured countless hours into over the past three years finally top that five figure estimated account value. It is also very emotional to watch it drop back down closer to the previous levels.
How short of memories we have. It doesn't take that much to remember my account bouncing around the $2000 to $3000 range when the price of Hive was down near $.10.
I should really know better by now.
And yet, when I see that Hive price in red numbers I am immediately taken back to those old days feeling like it might all be for nothing.
Sorry for my random babbling. I hope you can find a nugget of something in there that speaks to you.
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https://twitter.com/JayBosworth5/status/1379388036266463234
I am not even worried about hive right now, to be honest. If it was Leo or cub I would be having a mini heart attack. Right now all I want is more hive. I dont care about the market value now.
Look at it this way, you are ready to use hive now? If not then why worry. Even if it goes to $10 most people are not willing to take profit or sell all their stake (might be wrong). We all have different timelines. So if I don't have intentions of selling then why bother about the price? It is not dangerously low.
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Yeah, I was just saying the other day that Hive would have to be like $50 or $100 for it to be worth selling any of my stake. Beyond that I will just keep taking in the rewards. I understand what you are saying. It is just a psychological thing seeing your account finally being worth something and then watching it drop back down.
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I understand. I feel the same way too when I see my account going down but I just talk myself out of it.
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I would like it to stay a bit low so I can buy some more but I am confident this bull still has a lot of riding to do.
Yeah, as long as the price of HBD stays up there I guess Hive being low right now isn't such a bad thing. It is still just a kick in the gut sometimes because you so badly want to see it do so well.
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Dont feel bad. You are not the only one to do that. Bull markets are fun; a time for excitement and dreaming.
Just be mindful, on the other side of every bull is a bear.
Enjoy the euphoria but remain level headed about things. Keep building and growing, no matter what the market is doing.
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Yeah, for sure, I will definitely try to keep that in mind. I just saw Hive drop below $.60 so it is a bit hard right now. It was just exciting to finally see those big numbers for a change! I know they will come back in time.
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As I said a week or two, Hive was a classic pump...just waiting on the dump which is happening.
Hopefully it will hold about 50 cents.
The move up was not due to the increase in users or development.
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Yeah, that is a good point. I mean, I think we all knew that was the case. Especially since all of you were saying that, but once we fell back to around $.75 or $.80 I was hoping that was the next floor. Going down to $.50 would be a real punch in the gut, but still better than the $.10 where we were.
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I don't mind if HIVE drops back down. If it does, it gives me some more time to load up before it moons in the future. I think it will be worth more in the future.
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This market cycle has been a strange one. I think we have a few months left in it though...people whose opinions I value are forecasting we won't be getting to the cliff until sometime in December. I know what you mean though, if the market moves into the red more than 10% it still triggers those old feelings of woe in me.
I have heard December too which really gives us a ton of time, but with most everything being green lately and only making small pull backs it is a bit nerve wrecking to see Hive pull back so much. I think we are over $.20 now.
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I wonder if there’s anywhere we can take a peek at the metrics of Hive....such as new user onboarding rate, percentage of active users, etc? It would be very interesting if we could see how those metrics correlate to the token prices.
I think there are a couple of people kicking around that might have that info. @amr008 is one of them I think.
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Great, thanks for letting me know!
Great, thanks for letting me know!
Yep; its crazy volatile out there. For me its more FOMO on the other coins which are pumping. But patience is a virtue and if you swap around too much you miss all the green candles. Hive will be over 1$ before you know it.
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Yeah, that is the other thing I worry about. Making too many moves so that I actually end up on the losing end of things. It is probably better just to sit tight and wait to see what happens. My Hive isn't going anywhere, but some of my other holdings I am not as attached to!
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Yep its hard . FOMO kills you in the end.
For sure!
It is still 6x from it's bottom and the bottom is not that far from were we currently are. Somehow the correction was inevitable, but as the whole market is heading North I expect HIVE to keep on doing the same in the following months.
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Yeah, I think that is part of what gets me. To see most everything else going up and then you have Hive sitting there. I guess we should be used to that by now though.
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HIVE has had its rally and will have another one. If you look carefully you'll notice that there is a capital flow. Rarely do all of them pump at the same time on the same pace.
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400% growth this year so far so relax. Good things take time and this is a good thing. I see way more than $10 and on our sized stake would be a great passive income.
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I hope you are right! I know I just need to chill out...
I stopped paying too much attention to price movements of long term hodl assets like Bitcoin and Hive. It is not an easy task to manage fear and greed.
It was great to see litecoin go up in price which is mainly in my short term trading account.
I need to start taking that approach!
I think if youa re holding a good amount of hive or other cyrpto, when the price pumped hard, it is better to sell half and then buy back when its going down.
I had always been in a state of "should have sold, so taht i can buy back". Unless you are staking it into your Hive power, then I guess it is always nice to hold.
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Yeah, pretty much everything I make gets staked. That is some good advice though!
Think always about, people that sell today, cant sell tomorrow :)
So its perfect people panic now and let the higher numbers for the stronger holders :)
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That is a great point!
PTSD is real for those of use that got in in 2017/2018. I'm right there with you, but I think this short lived and we still are in bullish territory.
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I hope so. I have heard people projecting December as the end of the bull run. If that is the case, we still have a long way to go!
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I'm late to the party ... as always seems to be the case, but I can at least tell you that EVERYTHING is going down. So don't worry about Hive.
By the way, your account is still a lot more than mine.
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Haha, thanks for the small upper there!
i'm wondering when you guys will learn your lessons. I'm starting to believe never at this point. I knew this would happen i took my hive and i put it in a stable coin at 85 cents. So all those gains and all that money is now there. As far as second layer token gains. I do a similar thing. I put it in bitcoin myk tokens on there. It's the closest thing to stability on hive engine. Crypto markets are highly stressful i don't know how you all do it. I can only imagine you all don't have high blood pressure problems. Anyway good luck to you all in the future although i should say be prepared for more of this happening.
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I take meds for high blood pressure. Maybe that is it :) Also, I have a decent full time job, so all of this is kind of ancillary. It isn't paying my bills, but it could pay off my bills if I get one or two things right! It sounds like you made some really smart moves!
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Same here but you have to understand you dealing with a high amount of annual inflation. In your wallet is something called a bbd coin. I propose a test for you. Analyze all your coins and progress of the coin against your other coins. Take as long as you like. When you finished let me know which one gives you the most peace of mind and best performance.
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I will have to take a look. I have never heard of the BBD coin.
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Hi BOZZ!
I'm putting like amounts into BBD, MYK, LBI (LEO) and recently CUB.
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Cool!
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Ah, okay, I found it. I do have a little bit of it. Not much though.
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Yes a few months back it was only $1. i think it would have been an awesome move for some to put some money in there when hive was around $1 and they'd still have realization of those price gains it seems. unfortunatey many didn't.
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