Initiate or not initiate the powerdown
There is a heavy positive vibration after seeing the price of Hive. We don't know what exactly the reason is for the Hive pump, but we know for a fact that this pump is not going to stop. It might continue until it reaches $1 or maybe even the past all-time high value. This also creates a fear that there can be heavy selling pressure, too. People might sell their Hive, but it can be matched if there are more people who want to enter the Hive Ecosystem.
I heard that people are playing a pump-and-dump game with Hive, and that's the primary reason why we see the increase in price and this trend happening. Whatever it is, it is definitely a good thing for Hive as long as the price keeps increasing. Now comes the power-down part.
It is very tempting to hit the power down button to book some profits. In some of my previous articles, I did mention that I might sell some of my Hive holdings when the price hits 50 cents, 75 cents, and 1 dollar. Now that the price of Hive has hit 50 cents, I'm tempted to sell some of my Hive and maybe buy it back if the price goes back to 20 cents again. I have seen this cycle happening several times for several years.
Many people have already hit their power-down button. It also includes me. I have started powering down from my @balaz account and I would like to take this opportunity to book some profits. The Hive from power down will reach me in a couple of days. I'm thinking of selling some at 60 cents and anything above that. I want to do this because I purchased a lot of Hive when the price was low. I have to consider this as profit booking for those trades. I bought Hive when it was low and was waiting to sell them at a higher price but it never happened so I powered it up on my primary account.
I will not be powering down all my Hive power. I will continue to hold them even if the price hits over 1 dollar. The reason is that even though I have some commitments in the real world, I still have a decent full-time job that can cover my expenses. I don't have an immediate necessity to cash out all my Hive. I'm considering this as a long-term investment and that has worked out well. But they say that trading is also important to fight inflation. If we don't get a decent return from our money, then inflation will beat us and we might end up in a loss.
Even though I say all these things, one part of my mind still says that I should be booking my profits. Reason being my mind wanted me to do that when the price was low but after the price improved my mind wanted more. I have made up my mind. If the price hits 5 dollars then maybe I will be tempted to drain out all my holdings and convert it to USDT or a proper stable coin that can give me some passive income. If HBD in savings is still a thing, maybe that too.
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The pump came as a surprise anyway. From 0.3 to 0.6. We pray it keeps going up.
$1 sounds crazy but know it can happen anytime. Good luck with your plan.
I don't power down, I have faith in hive!
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To be honest I couldn't resist myself to do the same, but I am working on different strategy rather than power down, I hope this will be help. We all should book profit and sure that money for some good reasons.
I am going to Hold and not cash out now. But I am planing of building Liquid assets and not power up 100% from now on. You know just in case if Hive reaches 5USD. 😆
Yeah more liquidity is good.
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Are you concerned about “HBD being a thing”?
Lol but only after Hive crosses 1$, HBD will become a thing.
I mean, it's your money, do what you want with it. I have no shame in powering down when I need to. I actually just stopped a powerdown on this account and on Hivelist. I needed the funds to start my mining farm.
Now it's time to build back up.
I think Hive to $2 or $2.7 end year 2025 🚀
I think the hive pump was as a result of the increased trading volume of hive on several exchanges where hive was recently listed. I hope the pump continues and hits $1. I'm already powering down what little HP I've got. I may buy back when hive's price drops. Thanks for writing.
The problem when powering down is, will it dump maintime you power down? for now i am not powering down, just convert liquid hive i eventually get to get hbd and stake them
Yeah it's possible. It might dump in the meantime but let's hope it doesn't.
I have watched many bigger orca accounts hitting the powerdown for this reason. I am thinking about it. I'm thinking less about taking profits out and more of growing my Hive with swing trading.
On one hand, I feel like I should wait till at least the end of the week to see if this pump does eventually go down. But then again, I can always cancel my powerdown or just immediately power back up, so not like I'm losing anything.
Yes exactly. We have to make use of this as an opportunity instead of missing it.
This! I also powered down, just to take a profit and then buy back when HIVE goes back to 20-25 cents.
I won't cash out or withdraw, I just want to have more Hive Power when we went back lower.
Good to hear that Hive's price could be $1, your investment is your choice, you take your own opinion on power down and power up. Sell at a higher price and buy at a lower price.
FOMO might actually be the situation of most people right now but in my opinion I'll hodl. It's no doubt that Hive has got major potentials.
It's exciting to see Hive's price surge, but as you mentioned, the volatility is a double-edged sword. The potential for a sell-off is real, so it's wise to have a plan in place, whether that's taking profits or holding long-term. Your strategy of selling at certain price points and potentially buying back lower makes sense, given the historical price cycles you've observed.
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