Wow... how cool it is, to see so much of the Cryptosphere in the green, for a change!
Bitcoin has set a new All Time High, and even our own Hive token is trading at levels we haven't see since late 2022!
Exciting as this all might be, I'm trying not to get ahead of myself, here.
Of course, I'm a little bit jaded and still log in every morning fully prepared to see a massive downtrend that has erased all the gains from the first 10 days of March. After all, that seemed like crypto SOP for a really long time.
Then I remind myself that it's awesome that Hive has risen from near $0.25 to over $0.45 in a relatively short time, but $0.45 is actually down more than 80% from Hive's previous high point, reached on November 30th, 2021.
We have a long way to go, to get there... or even close!
It seems to me that all we're seeing at the moment is the beginnings of the next potential bull market run. IF that's what we're seeing...
It does make me pause for a few seconds to consider what — if anything — I've learned since "last time."
Well, perhaps the inevitable, AKA: "When you don't think it can go any higher, it WILL, and when you don't think it can go any lower it WILL."
I have (likely) learned to keep some of my tokens liquid rather than staked, so I can take a few profits when some sort of high point seems to be falling into place. Didn't do that, last time around.
On the whole, though, I'm a long-term investor in pretty much everything I do. I'm typically not prone to buy and sell all the time, in search of a few dollars of profit. A lot of people seem to think they have dialed in the whole "timing the market" thing, but most of the time it amounts to little more than throwing darts at a calendar.
If I believe in something, I tend to invest in it and keep my stake there until there is considerable evidence that the project is no longer heading in a positive direction. If thinks seem to be going OK, I'm going to keep nurturing and building my stake.
Short-term gyrations typically tell you nothing about the state of an actual project, it just tells you about the fickleness of markets.
Alas, not everyone has the nerve to "hang on" even when their pet project is trending down while everything else is trending up. Markets are fickle. If you bail, chances are the reverse scenario will hold true next week.
But it's definitely cool to see Hive on the rise, after such a long period of decline and going sideways. I wonder whether this also signals an uptick in the activity and participation levels around here? Also wonder whether we'll see a corresponding uptick in Hive's Layer 2 projects?
Time will tell, I guess!
Well, I'm a cat and it's a sunny day so I'm going back to my naptime! But I just wanted to share a few musings.
Thanks for coming to visit, and do leave a comment if you feel so inclined!
Posted with proof of brain
