I've seen quite a few reactions to the recent dip below 30 cents that Hive is going through at the moment, and most of them are kind of doom and gloom. I understand the disappointment that people who are not crypto veterans are experiencing right now. What I don't get is when people who have been around crypto for more than a few years get swept away with the general sentiment of "it's all gonna crash and burn". Crypto is a cyclical beast, and every cycle while not identical to the last, still has some common themes, like shady exchanges and ponzi schemes going bust during the bear part while endless greed and unreasonable hope is manifest during the bull part. So being shocked that things go tits up during the dark times of the bear market is like being surprised a new born baby craps himself, it's just how things work around here. I don't make the rules, I just meme about them.
That's why I was thinking about this moment of the bear market for more than a year now - similar to putting money aside for black Friday. At the height of the bear market I wanted to be prepared for Hive being on discount so I did my best to gather as much HBD as possible when upvotes were big, and when the APR got to 20% for HBD savings that was just the icing on the cake. Now I'm waiting for Hive to reach 20 cents before pulling the trigger and loading up.
People probably though the crazy clown was ready for the asylum when I told them that I'm preparing for 20 cents Hive when it was riding high above $1 towards the end of the bull market. But here we are, somewhat close to that target and I can't wait to actually get there. Just remember when Hive gets to $3 again you might consider turning some of it into HBD.
It goes without saying that if you take this as financial advice you are a bigger buffoon that I am, so do your own research and don't lose track of the bigger picture.
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buy the dip 🤣
:))
Will you still remember me when you are a whale?
I will always remember you dear ser :) As I can remember the first nice people that help me in the days of steem even though that was 5 years ago
Gay
!LOL
lolztoken.com
He was stuffed.
Credit: reddit
@cmmemes, I sent you an $LOLZ on behalf of @holovision.cash
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
(3/10)
Hive was above $3 at its peak last bull. At the time I used my liquid for Splinterlands stuff as Splinterlands stuff is what gave me that liquid HIVE to begin with. I too prepared but not with HBD with Booster Packs. Those Packs won't be as lucrative as I original thought but I still should pull some nice HIVE profits from them. Even more so if HIVE hits $0.20 cents which is not out of the realm of possibilities. I admit I was shocked to see $0.28 HIVE price today. I did expect a dip to sub $0.30 but I projected (hoped) that wouldn't happen until after the Holidays. But as you pointed out, that is cryptocurrency for you. Anyone who has been around longer than a year or two should know all about bear markets and dips.
Thanks for the support, much appreciated :). I didn't mention Hive's $3 ATH because it lasted around a day ( or so ) but it remained above $1 for months, plenty of time for people to gather some HBD.
I don't recall for how long we were at $3+ but I thought it was more than a day. We were certainly at $1+ for a significant amount of time. $1.50+ for a couple months and floating around $2 for about a month. According to coinmarketcap all time high was $3.42 on Nov. 26th/2021 which seems higher than I remember but I could of easily not been on chain that day to see it happen.
Yay! 🤗
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Lmao
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