Buy The Dip!
You may have noticed that the price of Hive is down right now. $0.63 USD at the time of this writing.
Some people are panicking. You can feel it in the airwaves. They are thinking of powering down and trying to liquidate their Hive and HP to preserve some of their assets.
What people should be doing, in my opinion, is buying whatever Hive they can afford to.
Of course, never invest money that you cannot afford to lose, but if you have some fiat laying around, this is a great time to purchase more Hive.
This morning I liberated $1000 from a savings account, and transferred it to Coinbase, buying 11.3970467 LTC. Then I sent that to Block Trades to buy Hive.
After everyone’s fees, I ended up with 1,484.042 HIVE.
The markets have been in the crapper for the most part lately, but historically they will recover. It runs in cyclic nature.
I have no doubt that Hive will return to around a dollar. When it does, I will have made almost $500.00 USD. I can then cash it out or power it up. There are advantages to either route.
This is my opinion and not financial advice. Please do your own research before investing any funds.
So, what do you think, do you feel it is wise to buy, sell or hold?
Let me know in the comments.
Until next time,
John Novak
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