Our disappointment will be, Legendary!
This is not a good looking chart at all. Since the crash began about a couple of months (or more) back the green side, i.e. the buy walls have always been strong. But over the last few days the sell wall has been getting bigger and bigger. Not good signs, no sir. Not at all!
I have been buying regularly but one has to wonder when does it stop...how deep can the pockets go? Not much longer I am afraid and on a superficial look, my decision to gamble by converting all my HBD to hive seems it might backfire and I should be panicking.
Well, I am not panicking yet because my bet was one that ran the span of one whole year. So if the price of HIVE recovers to even just above 40 cents anytime by next year November - I will come out the winner. So no, I am not panicking yet. But it is surely starting to become very very frustrating, to the point that I have considered powering up all the HIVE and focus solely on account growth till the bears go to hibernate.
The other scenario is if in a year's time the price of HIVE does not recover and we are truly in for a loooong bear market, and I haven't powered up the hive either - that becomes a textbook lose-lose situation. That is the scenario I am afraid of. My disappointment will be legendary!
I don't usually mind the bear market too much but since I have been relying on swing trades and scalping hive for a while now, I have been very salty about the lack of such opportunities. And after I finally was forced to make a move, I should have taken full advantage. My gut was telling me to wait much longer before buying back but because HIVE usually pumps in pairs I ended up buying a bit too prematurely and now I am left to rue another missed opportunity!
Again, I am not too fussed about missed opportunities as it has become part and parcel of my trading career - but when times are desperate every opportunity seems like it was the one for a lifetime LOL!
Well at least I am doing one thing diligently - post every day and grow my account one step at a time. It has been a bit slower than I would have expected, but it's a little growth everyday and that's the important part. (...pffftt...typical "participating was the important part" sentiment)!
Posted Using LeoFinance Beta
The interesting thing is even if the price of hive goes down ,it doesn’t stop one from earning curation rewards and that amazing!
Yes absolutely spot on! This is where HIVE has set itself apart from the rest of the cryptoverse! Bear or bull, we can keep building and in all honesty if one is not a trader and does not have to rely on earnings from hive on a regular basis, the bear market has no effect whatsoever.
Posted Using LeoFinance Beta
Absolutely!!! It’s just incredible to know this and as long as more people join the platform to create more liquid flow
That is what we control over and it hasn't changed with me, I am consistently posting daily so I keep stacking up.
Cheers
Posted Using LeoFinance Beta
This becomes quite an addiction hehe!
Posted Using LeoFinance Beta
The disappointment will be legendary scenario is quite scary! That would be losing out on a lot because it is a long time span. But I think the chances of that (Hive not recovering) is slim.
Yes, I think so too. Unless there's some drastic FUD being spread in the market, Hive should ideally reach back to the 40-50 cents range again.
Posted Using LeoFinance Beta
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.