AskLeo - How Low Do You Think HIVE Will Dip During The Correction/Bear Market?
Looks like Bitcoin is not done yet with correcting under the $40,000 level. It's half way between $30,000, which is supposed to be the ultimate support and $40,000 where it has stayed for quite a while.
It's not clear yet who's in control, bulls or bears. There's a lot of leverage trading going on and people are getting rekt left and right. I have a friend who lost a few good grands the past couple of days by leverage trading.
I guess he'll never learn to have patience and stay the fuck out of leverage trading.
Famous youtubers are posting insane liquidations and losses and I have to say that the times we live right now in crypto are like no others... We might have a bear market or not... Nevertheless there hasn't been one coin that has survived the crash.
Not even HIVE. What seemed to be a highly impenetrable support at $1 has been penetrated like a knife through butter. $0.80 holds pretty decent for now, but how long will it take before we will see lower levels of dollar valuation for HIVE?
When looking at the chart it doesn't look good at all, although some relief bounces might occur in the near future. I am taking everything into consideration right now and although I was highly bullish just a few months ago, we might see HIVE at $0.3 or $0.4 this year.
For the ones willing to add more that's a great discounted price, but for someone like me who's living off Hive means that I will be once again forced to spend some of the savings money instead of being able to rely entirely on my blogging revenues. Over the years it will for sure reach $10 and even higher, but for now, looks like the fall is not over yet.
What do you think, how low will HIVE dip during the correction/bear market we currently have?
Thanks for attention, Adrian
Posted Using LeoFinance Beta
