WHY and HOW content Creators on Hive Blockchain are at Gain when Hive Price Falls

Black and Red Modern and Simple Breaking News Cryptocurrency Facebook Post.png

Designed By Mrhive001 Using Canva

Currently, the price of hive is down, and a greater percentage of us out there don't like it that much as it affects our wallet worth and other areas that it affects. But one thing is sure: this is a normal thing in crypto. There is always a bull and a bear, and irrespective of the time, they all have reasons for that, and at the tail end, there are people who benefit much more.

There are crypto users that benefit from it in the sense that these people utilize it for the better. Taking, for example, the bear season, the downturn in the prices of cryptos makes it possible for someone who has been in desperate need of a coin or token to go for it at a discounted rate. What happens here is that the same amount of money one has budgeted for the use of to buy a token would result in a greater number of the same token being purchased, though the value still remains, but the number has been added, unlike what happens when there is a bull run in the market.

In the bull market, the reverse is the case, seeing that an increased budget is used to get a limited number of tokens. For example, one budgeted 200 dollars to buy a token during the bull run. The number that is to be bought would reduce, as if in the bear market the number was 200; during this bull run, the number would reduce to 100, just as the case might be.

One evident thing about each of the seasons is that it benefits some, as there are always market transactions that happen each passing minute in the crypto world and exchanges. During the bull market, some crypto holders tend to utilize the opportunity to sell some of their tokens to make some gains, especially if they got the token during airdrops or bought the token at a discounted rate. Because of how unpredictable the market is most times, they tend to utilize the brighter times they have seen for the better. Whereas there are sets of crypto holders that still hold on to the token, especially when the token is a prospective one and they see the future in it, they tend to hold on knowing that the bull they see today in the token will be a bear for it as they expect much more of it.

In the Case of hive

Evident enough is the fact that the price of hive fluctuates, which is a normal thing in the crypto market, and one can be judgmental about it after seeing what happens in the crypto world and the pressures the market faces from different dimensions and different sources for some reasons too. It's affecting the hive, and it's affecting other tokens too.

Since the reward on hive Blockchain, especially when it comes to crypto, comes in two forms: the hive token itself and the HBD, which is pegged and equivalent to the dollar rate, Though one is subject to much fluctuation as in price changes, which is hive itself, the other isn't to a much greater extent, as what has been seen is some fragments of it taken as per from the normal 1 dollar to maybe 0.99, 0.98, 0.97, or later as the case might be, but during the time of writing this post, it is at 0.9898

Seeing that content creators on hive get their reward in both hive and HBD forms and the price of hive is somewhat down now, unlike before,

The HOW:

As used in the topic of this post, if one uses peakD to check the rewards that would be coming in as droppings within the week, precisely on scrolling to the area written payouts, let's take, for example, this reward below as a reference point.

Screenshot_20230820-040851~2.jpg

Evident enough is the fact that the HP reward is 45.730, which is subject to fluctuations in respect to what the market holds in the crypto space, as this can even increase or decrease, whereas the reward from HBD is 13.400. Note that both are different numbers but of the same value. Let's use Binance for verification purposes.

Screenshot_20230820-041625~2.jpg

There is a slight difference, the reason being that binance didn't allow me to finish up the fragments that come from it but using hivehub.market, one can see that the worth and value are the same, as the image below shows.

Screenshot_20230820-042026~2.jpg

The WHY

The why as used in the topic of this post is that because the market price of hive has reduced because we are in the bear season, much of hive is used to augment same as HBD as used in the demonstration below. Since content creators get their reward in both HP and HBD forms, the reward in HBD being someone static as it is measurable to dollar market and price, there is no doubt is that much of hive is used to equate that of HBD value. If 13.400 of HBD is equivalent to 45.730 of hive as used in this context and in the same hour that this post is written, then it is obvious that much of hive is needed to reach HBD value.

The content creator that constant engage and have the post curated will be at a gains as the HP value is increasing such as the number. Now that we are in the bear season and the price of hive is 0.29 as at this time of writing this post, imagine what happens when the price of hive goes up with this same number of hive gotten used as equivalent of HBD, then is it obvious enough that the user is at gains.

Irrespective of the seasons one sees in the crypto space, it is of essence that it has been utilized for the better, as the hive is making us have little of a loss when the price isn't favorable at any moment. There is more to any season that the market price holds; it is of essence to note that the downfall of a man isn't the end of his life, so this is applicable to hive and crypto at large. The downfall in price isn't the end of the token; it's just a matter of time, and all will not just fall into place but make sense.

Thanks for stopping by, friends; do have a nice day ahead.

Posted Using LeoFinance Alpha



0
0
0.000
1 comments