CoinGecko.com - Hive price up 11.6% from a year ago

Yes, Hive is down from it's high made in early January of this year. However Hive is still hanging on and is above where it was a year ago at this same time

The current price according to CoinGecko.com is $0.3354

Last year on February 3rd, Hive was at $0.303493 Per the below chart (bottom right corner), Hive is up 11.6% for the 1 year period. I don't think you would have been able to get a 10.5% savings account during this same time period.

It appears the price of Hive has been very volatile over this same period. We just had a nice pump hitting a high of around $0.65 which felt very nice indeed. This pump however had a very different impact on our expectation.

When the price started to stablize and went back down, it felt worse even though the price of Hive is still 11% higher than it was a year ago.

Why is that? I believe once it pumped it built up the hope that it would stay at a higher price and then when it decreased, we remember the going down of the price and no one really likes prices of assets that are declining.

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I joined Hive on April 26, 2021 so have been using the Hive blockchain for almost 4 years.

When you step back and look at the starting price of that time period and where the price is now, it does not seem that much different. Looking at the chart you see that big pump that occurred in late 2021 however the chart does not really show very much movement since then.

It appears to stay in a narrower range. I think this might be the best way to look at that time period of the last two to three years from a long term prospective.

Yes, I wish it would be a lot better but if you think about it, it could be a lot worse as well.

When looking at the above chart, it is good to keep in mind that if you are narrow minded and only look at a very short period of time.

The Price Swinging seems very large

However if you extend the time period and relook at it, the price swings are nothing really to compared to the big changes that occurred in 21-22 time period, especially when the price spiked to $3.41 on November 26, 2021 and then by mid 2022 was around $0.35. Just slightly above the price in early 2021.

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My Advice

My advice would be to take a deep breath...
Step back a little bit...
And look at the bigger picture...

What are your long term goals and how does this price history factor into it?

Do you have more of Hive then you had a few years ago? In my case the answer is yes. I have accumulated quite a bit more since the biggest of the price movement happened at the beginning of my journey on the Hive Platform.

But that is just it.

I know the price of Hive can reach over $3 per unit. Due to this, I have faith that it can regain the level that it has had in the past. Sometimes you just have to have patience and

Take the Long View.