When There Is Volatility, There Is Money To Make .:. Late Night Blogging
I heard complaints about HIVE many times recently, and of course, they are happening more often when the price goes down, than when it goes up... Interesting, isn't it? 😃 How nobody complains when the price goes up, but many do when it goes down... Well, guys... If you can't bear with that, you shouldn't be in crypto... Crypto is young and crypto is volatile! Especially if you are looking at the ZOOMED IN image!
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The fact is that HIVE did have its better days, and it's true that priced in BTC, it does go down... In Hive's defense, that happens to many cryptos out there... The vast majority never go back to their ATH, while only a handful can say that they beat their ATH recently... And most of them are "new tokens" that aren't "time-proof" as HIVE... Another thing that it's important to say is that it's hard to follow BTC's steps! Bitcoin is widely famous and adopted in many places, while many other cryptos aren't... Because of that, BTC price goes up because of worldwide demand, and not "just because" it's a bull run... It's the reason why the bull run begins!
All in all, it's hard to compare HIVE with BTC... It's hard to compare anything with BTC... Look at traditional stocks and companies, BTC beat almost all! But, does that mean that everything is shit and it's not worth our time? Of course, not! BTC isn't almighty, it covers one thing, but we have different blockchains that serve different things, including HIVE... I know the saying "Winner takes it all!", but that doesn't mean that nobody can try and work differently...
Now, back to the complaint... The price of HIVE goes down... True... But, it goes up too... It is volatile... So, you can do things with it... You can sell when it's up, and buy when it's down... Now, here is the main issue of those who complain the most... They think that you HAVE TO SELL at the ATH, and BUY at the ATL (all-time low!)! That's impossible to do!
Let's drop some (real) numbers... Two simple examples...
Just 1.5 months ago (November 4th), HIVE was at 14c... If you bought it then and sold it now, you would be in a profit!
Same moment, for example, you bought HIVE for $100 at 14c, which means that you got 714 HIVE for that... 9 days after that (Nov. 13th), you sold it at 30c (the top was even more) and got $214.20... You bought HIVE back (Nov.21) at 24c and got 892.5 HIVE... You sold it again at 40c (Dec. 9) and got $357... All in all, you more than tripled your investment in less than 2 months!!!
So, can someone explain to me how you can't earn money with HIVE?? And this was the simplest explanation ever, without going into blogging, staking, investing in games, etc.
When there is volatility, you CAN earn money... When the price goes up, you can earn money, but you can also earn when it goes down too!!!
IF YOU DON'T KNOW how, that means that you should invest your time to LEARN it how, and not whine and blame everything else for your lack of knowledge!
Thank you for your time,
--ph--
PS. None of this is financial advice of any kind...
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It has been a great few months to take advantage of the Trump pump. Lots of amazing opportunities to really move the dial in your Hive/ALTs stack too unless you were like me and got too greedy with your trades. 😆
Well, it happens to everyone... I did the same with some tokens when I was too greedy to take profits... But, it's childish to blame those tokens for that... It was my fault, and not someone else's... the Universe, the bear, the bull, or the red traffic light... 😃
We had our chances and opportunities, and we have them daily...
Have a great weekend! It's time to disconnect a bit... 😃
I for sure agree. Certainly good to have some late night blogging again.
"Earth provides enough to satisfy every man's needs, but not every man's greed” Mahatma Gandhi.
Great post! Love the volatility, did like yours eg. accumulated in our box to sell on breakout move, hoped to dca around the previous high but got only 0.38 filled, then bought back on this retest of the accumulation box. (on daily tf been 2-3 nice pump&dump) Just like the previous cycle, breakout, retest, continuation. (small circles) Next trade will be a much bigger move mentioned 6 months ago @mypathtofire. Imo If Hive is a strong coin we will not go below our box. And if we did build the bottom on top of the previous bottom, I would bet the top will be above or below the previous high not some random place.. What do you guys think?😃
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STOPFrom my own personal tests in other markets, timing requires some effort and a clear understanding of the actual fundamentals and movers in that market.
It's work.
Regardless of price Hive has some intrinsic value because of the obvious utility. I've stepped up writing again, and I'm attempting to use that writing to bring people from other platforms to Hive.
Communicating the value of that, without overwhelming the potential user is an art and a science.
On a positive note I put my 30% profit on Hive in SPL. I'm not an expert on investments but hey I'm winning 😇. So thank you very much Hive!
Hive also doesn't have btc exposure, if you people you know, everyone heard of btc, if you ask hive they tell it's where bees live
Prices go up and down. I think hive is just following the market, and there is nothing to be scared of. People should have taken some profits if they wanted to when the pump happened. I think it was a bit too early because Trump didn't take office and we haven't seen what actions would be done yet.
I also struggle with the people that are celebrating all time highs on hive and complayning that hive doesn't go there. When you look, BTC went from 65 to 105' and hive went from 0.17 to 0.40. What asset progressed more?