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Hive growing strategies during bear market: Hive Power or HBD?

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@behiver
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We live in a prolonged bear market, and things might worsen before getting better. And in such times it is not easy to keep the motivation that has driven us with so much enthusiasm during bull runs, but if we want to build up for the future we better be present in the game. And one ecosystem in which we are all hustling is the Hive blockchain. With Hive's price standing at $0.40 and Hive Dollar (HBD) around $1.00, we are all thinking about which is the best strategy to apply during the bear market. Should we keep accumulating Hive and powering up into Hive Power or should we convert our earnings into HBD to get that sweet 20% APR for Savings?

In my opinion, as the Hive price is way under the price of Hive stablecoin HBD, it doesn't make sense to convert that into HBD and move to Savings. We have already seen HIVE at higher prices than $1 and even reaching $3.41 on Nov 26, 2021 (8 months ago), so if just this replays back at the same levels in a few months or years, that should give us a hefty return, way above what HBD could give us even if in more stable terms. Thus for me, it makes more sense to convert all my earnings to Hive Power and earn more from curation.

From content creation, I will put the HBD earnings part into Savings in order to grow also the stablecoins in the portfolio, but will not do that to the detriment of Hive which is finding itself at a low value these days. This way the diversification and growth of both assets will continue and will create better opportunities for the future.

And don't like liquidating entire assets and moving the funds into others (like selling HBD for HIVE), but rather diversify the risk and keep both assets in my portfolio. If the stablecoin portion from the portfolio would occupy a big part, probably I would use some funds to acquire more cheap HIVE, but as it is not the case I will continue building up also on this asset.

What is your strategy regarding HIVE and HBD during this bear market? Are you playing one asset against the other or which path have you chosen on it?

Posted Using LeoFinance Beta