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RE: Hive is below 30 cents and I'm worried
At 28 cents, this is probably Hive's lowest point since the community fork away from Steem.
I'm pretty sure that's not right. I remember buying 1000 Hive for just $100 USD near the start of last year. Hmm... several months before the last bear cycle, not long after the split from Steemit. It seemed like Hive was skirting a dime for a long while.
Anyway, I know your feeling man, but all we can do is keep the faith. Long bears always feel this way. Hive and BTC may still fall quite a bit before it's over, so hold on. If it bothers you to much but you want to stay in this game, you can always move some of your HP to HBD for some stability.
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0E-8 BEE
Wouldn't moving HP--> HBD be a better move in a bull market? Unless you think it will drop considerably more of course..
But then, just as sudden as the bear came the bull could return and having less hp and more hbd will not be the smartest thing at that point
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It depends on your risk tolerance. I suggested moving HP to HBD right now because he expressed worry at the falling market. So HBD offers stability (less risk). But it also offers less reward. So if one is worried of the market falling further, moving some funds into a stable coin like HBD is a good idea. But if one thinks the market will explore upward soon, then sticking in Hive is the better move.
But yes, you're right, the best way to make money is buy Hive now and then when the Bull comes you start to move it into HBD to secure your gains. Of course that's the best way to lose money too if the Bulls never come haha. So it's a balance.
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Yeah, Hive has been lower but right now feels like a lower point than then, even if the price says a different story. I don't know if you get what I mean