How to increase Hive during the bear trend
Hive is one of the best investments to make. If you are someone in the crypto industry, several coins can potentially be a good investment and Hive is one such coin. I'm confident about this after seeing the previous bull market. I remember seeing Hive at 11 cents a few years back and when the bull market happened, the price of Hive reached as high as 3 dollars. It was an unexpected thing. Having the price above 1 dollar itself is a great thing. This article will focus on ways to increase our Hive during this bear market trend.
Doing more power-ups
Doing more power-ups can potentially increase our Hive power which will also give us rewards in the form of curation rewards and at the same time we can also stay invested in Hive. Power-up Day is celebrated on the first of every month. Additionally, some people do power-ups more frequently and do not wait till the first of every month.
Converting HBD to Hive
If we are holding HBD in our wallet, now is the right time to convert them to Hive when the price is low. Later after the price of Hive improves, we can convert them back to HBD and put it in savings. There have been people doing this to take advantage of the bear market. I converted my HBD to Hive long back and have been eagerly waiting to see Hive pump back again and then convert Hive back to HBD to make maximum use of the Hive price right now. Anyway, the APR for HBD has also been reduced to 15 percent which is also another thing to consider converting to Hive.
Choosing 100% HP rewards while writing a post
There are a few ways to earn HBD on Hive. One such way is through blogging on Hvie. If we set out post to receive 50 percent rewards on Hive in the form of HBD, we get liquid Hive. There is also an option available to get the author rewards in 100% HP instead of any liquid reward. This is a great advantage during the bear market because this is one best ways to accumulate lots of Hive through the rewards. Mostly all the front ends have this option to choose between 100% rewards and 50% rewards on the post. We can make these changes when we do a post.
Trading Hive in the market
Many people are doing this in both internal markets as well as in exchanges. They say this is one of the great ways to create more Hive. I have not found trading very fascinating as it hasn't been very fruitful for me. Both trading and gambling are not my things and I just lose money there and don't gain anything much. Looking at how others are trading, it is very tempting. Maybe in the future, I would be interested in doing some regular trade in the market.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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Posted Using InLeo Alpha
Right now, I’m just cleaning my earnings so that my Hive power can always increase
I’m heading to 3k HP now
I’m slowly building my Hive Power and I’m close to 200Hp
I’m growing bit by bit
Trading and investing on hive engine tokens also is a good way of increasing ones hive like for instance I invested in 3 tokens and they help boost my earning abilities on hive
The very best thing to do in the bear market is simply post great content regularly ;) It will pay in the bear market,
Thank you for the information; unfortunately, I missed the opportunity with Hive. I just joined the platform, so I’ll have to take advantage of the next bear market.
@tipu curate
Upvoted 👌 (Mana: 1/61) Liquid rewards.
this is best time to earn much Hive token And after Short time the price of Hive will increase as it is a good token
It's inspiring to see how others have benefited from previous cycles, and the focus on power-ups and smart conversions highlights the potential for growth even in challenging times. Staying proactive and informed, as suggested, can truly set the stage for future gains.
I am so confident that this is the right time for us to accumulate more and more of hive actually