Let's keep it real, it's so easy to love hive now that things are looking really positive for the future. As I've said on multiple occasions, I have big dreams for the future, so these minor pumps to the $1 region don't move me anymore.
Anyway, as I was saying, loving hive in times of relative plenty is very easy. When you consider how long we've been in the crypto wilderness, it is actually very refreshing to see us getting some love but as you take profit, I like to remind everyone to have a long-term plan.
When it comes to hive, I'm on both ends of the spectrum. If you look at my Leo accumulating activities since Leo dropped below 30 cents, then you'll know that I have similar plans for hive as well.
Whenever I'm excited about anything, I like to give myself a balanced perspective that enables me to protect my long-term interest in a project. That's why with Hive and many other hive-based projects, a mega pump is only an opportunity to hold stables that will be inevitably put back into the system.
During this last pump, I didn't have any liquid hive and even if I did, I don't think I would have sold because I don't have any need for it right now.
I also noticed that there's been some excitement and plenty of profit taking due to the $1 pump but I sort of feel like we should all be used to it by now. I feel like at this point, we're supposed to be targeting the $5-10 range, so there shouldn't be any need to take profit if you don't need it.
After everything I've said though, I have to stress that I believe everyone has the right to do whatever they please with their assets. So, if you decide to sell at that price, you've also done nothing wrong.
Seeing Hive at super high levels is actually very profitable for content creators and curators. When the value of hive rises, your upvote value kind of rises as well.
The inflation model ensures that you print fewer hive but the dollar value of your vote rises.
For content creators and curators, that means a considerable increase in the amount you earn from your activities. So with that said, I hope the value of hive can keep rising, so we can all earn more from our activities.
I've been sending pretty much everything I earn to HBD savings. However, I'm starting to consider diving back into the liquidity mining pool of the Splinterlands side.
There are a couple of ways to navigate the situation; mine more SPS by staking DEC/BUSD LP tokens or just straight up buy it.
I'll hold out on making any decision since the babyswap pool hasn't been launched. However, I reckon the initial period will offer High APRs, so it might be wise to just ape into the babyswap pool when it starts.
If the APR drops dramatically, you could actually rake in decent rewards that you could then pull out and reinvest into the Pancakeswap pool that is more secure. It's just a thought and shouldn't be taken as financial advice.
