Crypto Market Crash - Is this a good opportunity to buy $HIVE...Buy the Dip..they said...
Hey All,
We are seeing a huge crypto market crash with all the saga around Binance and SEC lawsuit. Binance's native BNB Token Saw Millions in Sell Orders Right Before SEC Lawsuits. As of writing this article the entire crypto market is down more than 5% and the global crypto market cap has come down to $1.04T, a 5.25% decrease over the last day. Is this the right opportunity to buy in some of your favorite coins or we are yet to see a bottom from here? So are you planning to Buy the dip from here - what should be our plan? Lets talk about it...
$HIVE is down 13+%
I have been a fan of $HIVE token for years now and have been accumulating the token ever since got to know about it. So far the state is that I have close to 67K+ HP [HIVE POWER] staked and on a daily basis all my content and as well as passive income rewards gets redirected to building HIVE POWER. And I have this GOAL for myself to accomplish 75K+ HP by the end of this year. Is this the right opportunity to grab some HIVE now OR should I wait for some more time. I have close to 1K+ in HBD as saving which is giving an APR of 20%; should I withdraw the same and invest in HIVE is the big question.
I love this strategy of Buying On Dips, and have been following it for my stock portfolio and I am liking thus far and see there is huge potential in it if a person is consistent with their buying patterns during the dips and picks up some good stocks.. and stays away from the penny stocks. For crypto to do the same it is a bit tedious as redirecting funds to the exchanges takes time and is a tedious effort and for that reason one misses the opportunity to buy in the right time. Right now I am willing to buy Rs. 10K+ worth of $HIVE but then sending to exchange, p2p transactions and other sorts of hurdle is a challenge. If the crypto token is already there in the exchange and you want to trade $HIVE or as matter of fact any other crypto asset then it is easy, redirecting fiat is at times challenging in crypo world. Speaking of $HIVE specially, I think this it the right opportunity to grab some HIVE tokens now and if it falls further buy another chunk. Right now I have not withdrawn my HBD but if there is another big fall from here then definitely the plan is to pump in some fiat and buy as much HIVE as I can. Rest, I hope the future beholds good for everyone investing in the financial stock or crypto market..looking forward to the green market pretty soon...we want the markets to return back the GRENNN a bull market is long time due now....cheers
Buying On Dips the investment strategy...
Image Credits:: reddit.com, moneycontrol.com, google finance, peakd
Best Regards
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Buying the dip is only good if you have the capital at your disposal. I prefer DCA because you don't have to think about when is good or not to buy.
right on that is another strategy to dca...definately something i should follow..cheers
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I think it’s time I buy some Hive, I can’t afford to snooze on this.
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STOPI just woke up. Didn’t know Hive took such a big hit until I read this article. I wanted to believe your article was an old article because Hive below 30cents is something I refused to believe. Damn:(
hope you got a chance to buy in some good chunk of $HIVE...cheers
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I was okay till the price dropped to 32 cents. Now further down to 28 cents is giving me a feeling that I'm catching the falling knife and buying the dip.
thanks for stopping by dear @bala41288 its hard to predict the market. I have started converting my HDB rewards to HIVE for now. Hoping that $HIVE doesnt not fall further and if it does then the plan is to convert all my HBD saving to HIVE....cheers
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I just came across your article now, to me it's mad to see Hive go down so low, as soon as it happened I grabbed some and then saw it dip a bit further so got some more. I'd like to have enough to power up on the 1st of July and hit Dolphin status.
I see this downturn as a great chance to accumulate and power up. I want to buy more, but I don't want to throw everything at it in one go, so for now, small chunks when I feel comfortable.
Sorry to ask here. But what are the advantages of powering up on HP day.. 1st of the month.
I usually just take my raw hive and power them up anytime, I may not have that luxury of time at the begining of the month to do it.
But I ll love to know is there something I may be missing?
There are a few advantages, so on the 1st of each month is a community wide get together to power up, so it's good for the community spirit of it all.
There is also a chance to win prizes and delegations for your power up, if you're below a score of 70 in reputation, which is another incentive. To participate you need to create a post about the power, with proof and use the tag hpud.
A big reason to power up on the 1st is so anyone who wants to participate in power up month, can get off to a good start. You gain a PUM badge by doing so. Also, you gain a badge by powering up on the 1st of the month.
Haha..
Thanks so much.
The thing is I ve been on the chain for a while, most of this are ceremonial to me. Aside from the price. I felt there could be something a bit more ... I m trying for the words but I hope you get me.
I know hive is a great tech, but does it pump up the price in any way when we all power up on the same day? Hehe
Well, I mean yeah kind of, I'd assume. If we powered up by a crazy amount on the 1st I'd imagine it would help the price, but it would have to be a lot.
Yeah.. I see it the same way, I guess slow and steady brings the moon then. Hehe