Market going up and down is always good. It encourages people to do new investments and also to book profits. For the past few months, the market has been in the red especially there is no big movement in the price of BTC. I know BTC is not the only cryptocurrency out there for trading but as BTC is low right now, the other coins are also going down gradually. The price of Hive was also brought down to as low as 18 cents in this bear market from a decent stable price of over 70 cents.
People who would have bought at 70 cents should wait for some more time to book their profits and get out if they want. For others who would like to stick to Hive for a longer period of time, this is definitely a great opportunity. I don't think anyone would be willing to sell have at the price of 25 cents. I see 25 cents as a good buying opportunity where we can easily book profits if the price increases by 10 cents. Last week there was a sudden pump where the price pumped to 40 cents.
Making use of the opportunity
When it comes to Hive it is always a good opportunity. Even if the price is low, we are still able to get profits in the form of author rewards and curation rewards. We have been getting around 11 to 12 percent APR for curation after HF25. This is definitely a great thing because not all the platforms out there give a decent value like this. And the good thing is that it is fair for all the individuals. It is not like some groups of people alone earn better curation rewards. It used to be like that before the hard fork but now things have changed.
People usually stop being active when things go down. Especially when the market is red, they disappear and when the market is back green again, they come back. Most people also write articles only when the rewards are high. I understand that the motivation for writing articles here is the rewarding system but people forget that when it is a bear market, we get the opportunity to earn more Hive tokens and when the price pumps the value of our holdings also increases.
I never give up on writing articles every day unless I have any health issues. Though finding a good topic to write is difficult for me in spite of all the other works I'm doing in a day, I still continue to write every day. Even if the market is red or even if the market is green I don't care much about the rewards and try to maintain consistency.
Buying for the future
This red market is definitely not the end of crypto. Long-term investors would have seen red markets like this several times in the last decade and they know this is not going to end crypto completely and how this can be utilized as a good buying opportunity.
If people are already a trader or investor, they would have exhausted their stable coins on any investment when the market started falling. That's what I also did. I invested all my stable coins on some other coins and they are very far from my bought price now leaving me with a great loss. But I'm not looking at the market for the short term. I still see cryptocurrency as a sleeping giant. Suddenly there will be a pump and the market will start looking green again. When there is a sign of such a pump, there will also be more investors coming from nowhere.
So, I would still say that this is a good buying opportunity. Not just for Hive but for many coins in general. If we are sure some project has great potential and we are looking at it only for the long term, I would say that this is the right price to invest in. When the market is green again, that is when we will be able to see a positive vibration and we can even book some profits around that time.
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