Did I make a terrible mistake by selling my BTC for Hive ?

BTC price is very strong right now by crossing 12000 USD. We all have so much of hope for Hive and Hive based projects. Today seeing the price of BTC makes me feel bad. If I have had my holdings as just BTC, I would have been in a great profit by now, or at least my portfolio value would have looked a lot better. Nearly two months back when the price of Hive went down, I was so curious to purchase some Hive and hold it for a long time to look for an opportunity to sell when the price goes high again.

Just a trading game that I wanted to play. But unfortunately for the past two months, things are not looking good. Hive price was continuously falling down and as and when it when down, I bought some more Hive. More like catching the falling knife. Today while looking at the price being stagnant, I'm a bit skeptical about holding Hive.

When I first bought Hive about two months back, the price was 2100 Satoshi. Before that, the price was 2500 Satoshi and I thought 2100 itself was a great deal. I was observing the market and on one side the price of BTC was pumping and on the other side Hive value was reducing even further. My next round of purchases happened when the price hit 1800 Satoshi. I was under an impression that it wouldn't go further down.

I did not realize that I was catching the falling knife. My next purchase was when Hive price hit 1600 Satoshi. That is when I started realizing that I had been catching the falling knife. I stopped investing further in Hive after that. Today it is so heartbreaking to see the BTC equivalent value go below 1000 Satoshi.

Though it is a great thing that BTC is pumping, I'm unable to enjoy this moment because I have no BTC holding right now. It has already been converted to other cryptocurrencies where Hive been the top in that list.

Posted Using LeoFinance ^Beta