We have seen in the past that there is a bull cycle where first Bitcoin goes up and then most of the money flows to the Ethereum and XRP and then it goes to the ALT Coins and thus the cycle continues. I have seen this cycle for 2 times. But this cycle is different. Here the bitcoin has gone up, the alt coins have gone up but they have come down rapidly.
PC: Pixabay.com
It looked like that the bull market has not started and we are seeing the downtrend. If I take HIVE, the Hive has gone down significantly in the last month or so and it might look like it can go down further. See the alt coin used to go up after the Bitcoin but now the alt has not moved and once the bitcoin started coming down the alt coin have started bleeding.
Now the question is what you should do. Since the Hive is low, we can convert the HBD to Hive to get more Hives. But again how much you will convert from HBD to Hive. It's like a falling knife. I have started converting from HBD to Hive when it was $0.6, then came down to $0.4, then $0.25 and now sitting at $0.11. Now you never know it will not touch the $0.05.
We all felt that Hive can breach the All time High but seems like it is a distant dream. I am not sure if it will touch the $0.5 in the near future or not. I know you can get 15% returns if you do swing trading but that's again not sure if you can get or not.
So yeah past things doesn't repeat always and everything is new in the future. And same thing applies to past perforce too, so we should not assume that whetever happened in the past will happen in the future too.
