The crypto market has been quite unfriendly recently and HIVE wasn't spared from the volatility and has now gotten a lot cheaper than it used to in the previous months. The fear of the uncertain times is evident on the charts with millions of the token getting sold off at record lows in the last 24 hours alone.
Scary times, huh?
Are you holding on to your wits right now?
As much as I have worries, it is not the time to panic. I think it all comes down to what we are really trying to accomplish. Someone who might think the traditional fiat as stable would probably jump out and exchange HIVE into it which to me isn't the smartest move at all.
Fiat is losing its value fast to inflation, so if I had to choose at gunpoint, I would rather keep HIVE onchain as is or as Hive Power and benefit from it. We all know how right? Well, Hive Power increases at around 3% APR and all other benefits, re: curation rewards.
What I'm doing
Sticking to my guns and stacking up on HIVE even with my limited HBD.
I was buying when HIVE was at $1 so it would be utterly ridiculous of me if I'll stop now that it's a lot cheaper.
Ain't selling either. Oh wait! Is buying $LEO or other HE token using wrapped HIVE considered selling? I think not since I'm buying $HIVE using my HBD rewards so simply using it as a route :)
Still staking HIVE every single day.
It's been my practice since the start of the year to power up daily (in my main a/c that is) in support and participation to the Hive PUM initiative. It has become a good habit that I can't shake off and don't intend to.
And speaking of, the HivePUD is just around the corner so it's also the best time to scoop some more HIVE and stake them on the first of January. Not only do we increase our HP but we also get a shot at the HPUD delegation prizes when we follow the mechanics. These may not sound a lot but mind you, they all add up.
Still showing up, creating contents, threading, curating etc.
Been proven time and again that some people lose consistency and become less active during the bear market. I was like that too in the past crypto winters but thanks to Hive for making me feel at home even during the toughest of times.
Still setting up goals
The year is about to end and although most of my personal goals have been crossed off, it doesn't mean things are over. I believe mapping out where we intended to go by goal setting is one of the best ways to stay focused and not get sidetracked especially when things aren't going the way we hoped they would.
Still believe in crypto and the technology
I'm convinced that crypto (and technology) is here to stay and will continue to scale. Builders still gonna BUIDL and more applications will come out. Some existing projects may not make it through these rough times but the good ones will shine through to the top. I trust that Hive is one of them.
Worried sick of the HIVE price dropping?
It is normal to be concerned when things like this happen especially when we expected more. But it shouldn't be the reason for us to chicken out, panic and act rashly. It is good though to have some alternative plans in place in times like these.
And I recommend you to read this post by Khal and may things will have more sense and you would do something you'd be thankful for in the coming months or years.
Personal Thoughts
It can be very challenging to keep one's wits in times like this where the general sentiment of the market is more on the negative. Some people may even succumb to anxiety and depression.
But it does help to be in the company of people or community that can help us keep a more positive outlook and think rationally. That is what Hive provides, at least to me. The Leo Finance community of HODLers is also helping me hone my own diamond paws as they put it. Hope you will find yours as well.
Meanwhile, let's #thread and #Hive on!
Screenshot via Binance. No copyright infringement intended. 291222/14:00ph
Posted Using LeoFinance Beta
