Its good to see that #hive coin is rising and following the trend of Bitcoin path. A good news to all of us that we have entered the bull phase after breaking the resistance of $36K. The crypto market right now is extremely bullish.
Another good thing to announce is that alt season has begin and coins are also moving good in prices. I have noticed about 20-30 crypto's which have pumped hard and have moved more than 3X and some even at 10X.
Our beloved #hive has also shown some positive move and right now at the time of writing the price of hive is around $0.39. Which is a good move and a good come back after heavy bearish market.
But still #hive has not moved in a way as compared to other altcoins. In the way BTC is moving #hive must be at $0.5 which will make investors more interested. But for nothing is better to have something.
Any way we as #hive users are always in a win win situation. Because we dont care about market move for the short term and we have invested for the long term. We dont care about price movement because we are earning passive income which is good for us.
The only thing we have to understand in the hive platform is that we must change our strategies based on the price of hive. We know that in hive ecosystem we have three type of payouts such 50% hive 50%HBD and 100% HP.
The question here now is that the time have come to change the payout method. The default for every of us is 50% HIVE and 50% HBD. Which means that when you get reward you will be give 50% in hp and the other 50% in liquid HBD.
The best strategy is to set 50% split in both coins at the time when the market is bearish or when the price of #hive is low. But when you see the price of hive is grown then its better to set your payout reward to 100% power up.
The reason for doing it is that when the price of hive is low you can convert HBD to #hive which you get enough hive but when the price is high you will not get as much hive by converting your HBD.
When it becomes clear that the market is bullish and it will remain there for atleast 2 years then it is more better to set your payout to 100% powerup. The reason because all your rewards you will get in #hive and when hive is bullish you will get huge benefit from.
But right now the price of #hive is below $0.5, which means that we must not change our strategy and keep stick with 50% each. But when we see that the price of #hive has crossed $0.5 then its better to change the strategy and set payout rewards to 100% power up.
What do you people think about this strategy, is it time to keep on converting HBD to HIVE? Do you think strategy plays a good role in the hive ecosystem for better growth? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
NOTE: IMAGES ARE TAKEN FROM CANVA.
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Best Wishes.