Is this a bear market or a Hive discount?

Bitcoin took a huge dump on the entire crypto market and right now, every cryptocurrency from the top layer to lower layers are feeling the heat. Even Hive that has been quite steady for a while took a serious beating.

For a while now, Hive has managed to defy the odds, of sorts. The coin has constantly held its ground above 50 cents and even tested 65 cents some days ago.

Unfortunately, this even with Bitcoin was one dump too hard for Hive, as we're now all the way down at the 40-45 cents range.

I don't expect people on Hive to actually panic though, because the project as a whole is more than whatever number the market projects. However, I expect some sort of response from people around here.

For starters, Hive people always love a discount and many will be seeing this as a golden opportunity to stack cheap Hive. I suspect that the number of powered up Hive will rise in this period.

Many will be seeing this as an opportunity to boost their curation earnings in the long term. As I always like to say, short-term prices are just a distraction from the long-term potential that hive holds.

Looking at the state of the market today, I reckon that we will be seeing a couple of new whales, and orcas emerge from the shadows.

This is the best time to publish

For some of us that live exclusively on crypto, this is a tough time because your earnings in dollars are dramatically reduced. However, this is the life we chose and we just have to make budget cuts to accommodate the adverse condition.

At the same time though, if you live off crypto, and Hive, in particular, you will know that Hive's printing rate goes up when the value drops. So, the way it works is that you earn a lot less HBD from your publications but you receive more Hive.

I consider this period the best time to publish on Hive because while the price of Hive might be low today, the future is insanely bright. Hive is an asset that has peaked at roughly $3.5 and many believe that level isn't been the best it could achieve.

So, the idea is that if you're earning more Hive today, in theory, it could morph into your nest egg in the near future. All you have to do is keep calm and hold.

Observe Hive Second Layer

One last thing that I have to mention is the fact that there are some awesome layer two projects on Hive right now. Off the top of my head, I can think of Splinterlands, and Leofinance.

The aforementioned projects are just two of a number of incredible projects on Hive. In times like these, it is also important to keep an eye out for these projects.

The last time I checked, SPS was trading around $0.066 and Leo token of Leofinance is also around that range. Keep in mind that these tokens are from exciting projects with constantly growing communities.

Also, it is important to note that both SPS and Leo token have all either touched or hovered around the $1 mark. From this point to $1 is around 16.7X improvement.

It is not out of the question to think that these two tokens could actually reach the $1 mark sometime in their existence. So, what I'm saying in essence is that it is okay to look beyond their current prices and focus on their potential.

Keep calm and Hodl

There's a lot of noise and FUD in circulation these days. You just have to develop a thick skin, and also a discerning mind that sieves out the rubbish from the useful.

After doing your personal research, listen to your gut as well and always play by the rules. Don't invest what you can't afford to lose, not your keys-not your coins and if it seems too good to be true, that is most likely what it is.

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