It's Time!
Not long ago I had a post about HIVE, in which I remember posting a chart with an approximate zone for the best period of accumulation (in my opinion). HIVE was at $2.25 back then (chart on the bottom of the post) and everyone was confident that HIVE is going to go to the moon.
Unfortunately pretty soon we had to realize HIVE is not trending in the right direction and we have to adjust our plans to the new situation.
This is the weekly HIVE chart and if I slap a FIB on it, you can see we're at 786, so you can have a pixel perfect entry right now.
- Is this the bottom? Will HIVE dip further? No one knows, that's the secret of the future.
- Is HIVE going to have a new ATH in the upcoming months? No one knows.
- Is this the bear market? Remains to be seen.
- So what's going to happen now?
Looking at the Wall Street Cheat Sheet, we're (possibly) at "Panic" phase, where it says "Shit! Everyone is selling. I need to get out!".
Well, the above statement at the panic phase is valid for some, especially those who don't believe in the platform. For the rest of us who's been here for years, it's business as usual, because Hive is part of our lives now.
Those who came back a month or two ago because of the news that HIVE is over $3 will most likely leave again as working hard to accumulate is not their style. This is not necessarily a bad thins as some might think. We've been through this several times as history has the habit of repeating itself. Them leaving means a bigger slice of the pie for those who are staying. There will be less active users, which means the reward pool will be divided between fewer users. Any old timer knows these are the times to earn.
I'm actually happy to get another accumulation period now. Compared to last year or to the previous bull cycle, we're in a way better position as a platform and with the options we have today, accumulation is made easy for us.
However, this is just one way of looking at things. We have a certain way to look at the platform and evaluate the tokens based on history, but that's not necessarily how it should be. Hive is no longer a blogging platform. Blogging is just one area, besides the others we have now.
Hive is going mainstream as the development we have these days is helping the platform in attracting new users. New users may bring new investments and all put together can push the platform to new levels.
In a year or two anyone who's here today will be happy they have decided to stay and accumulate.
If, and I mean if, you're able to find coins that are down 80% since their ATH, but have a gorgeous APY staking, you'll be compounding your profits massively coming year. source
HIVE is down roughly 77%, which qualifies it perfectly as we also have a nice APY for staking. So as I said in the title, it's time! The smart ones already know what to do. Others will wake up again when HIVE goes to $2.
Crypto is not like fiat, it has its ups and downs and you have to know how to treat it. We want to end centralization and crypto can give it to us but to use it in a profitable way, we need to learn how. Financial decisions were made by banks and investment companies in the past. Now it's on us and I could not be happier.
So, are you in or out?
Posted Using LeoFinance Beta
