Hive price has fallen. From 0.35 to 0.15 and the price is now struggling to keep up with the price in the range 0.15 to 0.20. And it is not easier for them to stick with the price. Like 0.18 seems to be the price range which is not easier to sustain and stick with as well.
When the price will be back to 0.35 is not easier to say. In fact we can speculate, shill and say whatever we want but it's not easy to see the recovery. We have to find out what are the factors that would get the price back in the order. So what to do in between? I wish to discuss that.
Let's talk about how to keep the mindset when the price is taking longer to recover.
No Overanalysis
A lot of people speculate by doing math and the formulas and those bar charts. I don't see the market works like that for crypto. And especially not for the crypto. And so the analysis is kind of difficult. Every step we take towards the analysis, life kind of gets in the way. So avoinding the overanalysis is the key and it would keep us sane.
Shilling as a way to Boost Ego!
I know a lot people hate it when I am not acting like a shill. They ask me why are you here? Money. Because I can't use it for tech, so money it like any other creator and writer. So instead of shilling we have to treat this for boosting ego and boosting the mindset instead of taking it down. That is one thing you would find we as a community has to change.
Review Market Conditions
Market is good for bitcoin but going down with ethereum. And some other currencies can also go up and down and especially on that note there does not seem to be any change with the market conditions. On similar note we can see that market conditions can change but we can't speculate on how that would always go as there are different triggers for each crypto.
Buying More
As the price goes down and remains under 20 cent. You would see that buying more and powering up would help. But once the price goes back to the 0.30 cents. And the 0.35 is the final target price. So you may have to time things by buying more and powering up the account. I did the same and reached 3K HP as of now and may consider more as the time goes down.
Hive would take some more months to recover. But speculation and feeling everything is going to be alright is not going to be any easy. We just have to wait and see if the recovery would happen eventually.
How do you handle your mindset when the Hive price is down?