Keeping HBD in savings for times like these

As of writing this post we are seeing some bloodbath in the market where some of the currencies are badly hit and there was one coin which we all did not want but again that is crashed which is none other than Hive. The price of the Hive is less than the HBD and if the selling continues, it might go further down.

PC: Pixabay.com

It was I guess started from last week when almost everyone's portfolio is bleeding. Same with me, my portfolio value is almost down by 50% from the highest it went. This scenario is giving us an opportunity to invest some fresh money to get some good coins in discount but again we have to be cautious. As the market is in a downtrend, you never know when it is going to stop going down.

What I have learned from momentum investing is that do not catch a falling knife and thus the market is like a falling knife now, so just wait for some time before making any move because when the market sentiments improve and if it starts rising then we can actually invest the fresh money which we want.

Coming back to our Hive, we have seen the Hive's potential from going from 19 cents to $3 mark and if it is going down because of the market conditions it will surely go up when the market improves and thus we can reap the benefit of that price high. Along with that keeping HBD in savings is actually good for the times like these.

I was having a conversation with one of my Hive friends as to what to do with HBD earned from posts, I was advocating it to keep in savings to get 12% interest and at the same time when he sees an opportunity like Hive falling or Hive going down then HBD, they can convert the HBD to Hive because HBD is almost pegged o $1 whereas Hive can go from 0.10 cents to $100. And that's what I was also doing.

I also saved some HBD in my savings to get some HBD as an interest along with that it is that money which we can invest in Hive to get more Hive if Hive is falling down so actually we are getting quite a benefit by just having the HBD in our savings. I know I am nowhere having a lot of HBD but again I have some HBD and will continue to add more and get the goal of 1000 HBD by year-end.

Market going up and down is part and parcel of the market but how we react is the question. When everyone is selling we should be buying but again we should be buying with caution and not invest all of our money. This is the opportunity which we were waiting for and thus this is what the "Buying The Dip" means. But for HBD holders buying the dip is much better because along with earning the interest we can get the HBD from savings and buy the Hive to get more Hive and thus Power Up to get more power.

So what you are doing with your HBD in savings or are you keeping it in savings or Buying the dip.

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