Hive Price Dip - Buckle Up!
If you've been obsessively watching the price of Hive and HBD increase, with a feeling of excitement and anticipation for the price to skyrocket, hold on tight. You've no doubt seen the price has fallen considerably, hovering around $0.48/Hive to about $0.38/Hive. "I thought we were in a crypto bull market?" We are.
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Yes, Hive price has fallen. Here's where we're at right now.
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Let's also look at Bitcoin.
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It's also down from breaching $70,000. Don't freak out. From what I've been hearing from others, it's expected for the price of Bitcoin to drop before the halvening happens. Once that's done and some weak hands and long-term hodlers sell out, price will climb again once it's confirmed even fewer Bitcoin rewards will be up for grabs.
Focus on The Positive
Let's look at things differently to better appreciate the situation of Hive. Up until now, Bitcoin had continued to do well in price, while Hive price languished and then dropped further. What we have now is a more positive market price correlation between Bitcoin and Hive. While right now that means price has dropped, it at least indicates Hive is certainly benefiting from the beginnings of this crypto bull market. Even better news is we have a better indication of where Hive price is going, since it's no longer "doing its own thing" and being wildly unpredictable.
I'm sitting tight. There will be time later to take profits. For now, I'm taking an opportunity to dollar cost average a little lower and get some more Hive drip investments lined up. Once Hive price climbs up again, those drips will be worth so much more in the near future. Buckle up, keep your arms and legs in the ride at all times, and off we go! 🤑
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That's what I love about crypto, fast gains but there can be fast losses too! Kind of like Vegas on steroids!
Things will bounce back, but people were taking profits so the inevitable dips come with it. I'm hoping we see a new all time high on BTC, and hopefully Hive will follow suit!
!BBH
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The way things are going, I think the future is very bright for Bitcoin and Hive. 😁
!BBH
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Can hive beat its all time high? If so how long will it take and can we keep it at that price?
I think we just might. I don't think that it's sustainable long-term, but the bull market should hopefully bring more people to Hive and possibly establish a higher price floor, maybe around $1, assuming there isn't a mass exodus of those who joined during the bull market.
!BBH
@wanderingmoon! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bulliontools. (12/20)
at the moment, I still wish it still low, since I have not reach my HP goal just yet, if it goes up to high, then it will make my goal a little bit harder. !LOLZ
But its crypto, things can go up and down too fast, and bring a bit of furious. hehe
I hear you, as I'm in the same boat there. We'll have to keep an eye out for dips and time it as best we can. !LOL
!BBH
@ekavieka! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bulliontools. (13/20)
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I have a similar goal as you. Build the daily hive coming in. I would hope after this bull run hive is still standing the we have a new price that will hold through the bear that is above $1.
I'm hoping same as you with the new price floor. Regardless, I think building those Hive drips now while it's still cheap is smart.
!BBH
@dkid14! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bulliontools. (15/20)
Its buying time!!!
Rack up on hive...
Get some HP to delegate to more hive dishing communities...
That's the spirit!
!BBH
@seki1! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @bulliontools. (2/20)