Three reasons to scoop up Hive at low prices

I have been buying Hive now that the price is low enough at close to 20 cents.

DCA everyday with a hundred dollar, and wait for it to drop more to see how many days this can be sustained.

Why do I do it?

Well, first, this is a way I can bring my average cost of Hive bought in the last bull market down. Simple as that, when my average cost is low, it is easier to be in profit when the price increase.

Second, I also see my Hive account curation activity as a business. So when I can buy voting mana at a lower price, I should. Every HP powered up brings me curation benefits. So buying it cheap means that I can enjoy these benefits with lower costs.

Thirdly, as an extension of the above, the Hive scooped up are resource credits that can come in handy when I decide to mount a service on the Hive blockchain. Say if i wanted to start a game, this low cost Hive bought now is in effect a kind of cost effective capital outlay.

The downside to all these is that I will continue to bleed if Hive never return back to the days of 30 cents and beyond. Possible, but my last two points above provides some solace because I can always use some HP for real work.

To mitigate the risk, adopting DCA approach is a sound move.

Of course, I have spare cash here, so my situation may be different from yours. Please do not consider this as financial advice. Do your own due diligence before investing.

Posted Using InLeo Alpha