Hello Hive Fam
Good day to you all, and I hope you're having a good time wherever you are.
I generally do not track crypto prices frequently because I know that I'm not good at it. Though I'm not new to investing, crypto is something that I still consider myself very new to in this space. That's the reason why I have invested in some of the projects for the long term. The benefit of investing with a long-term mindset is that I do not need to worry about the price fluctuation.
image through chatgpt
I'm not an intraday trader, and I don't do it in the stock market either because I'm not good at it. When it comes to investing, I do it for the long term, where I just buy and hold and wait for my target to be met. Once my target is achieved, I take the profit. For some time, with these types of investments that are for the long term, I need to wait such a long period of time, which is okay. When I invest in one asset, I already analyze my holding capacity: how long I can hold.
With Hive, my investment is for the long term, but after a few months, I checked the price for Hive in the market. I can see that it is trading in the range of 5 cents.
I thought, let's have a look at the last 90 days' performance of the coin, which you can see in this image that I have created with the help of the ChatGPT tool. The chart you can see in this image is taken from the Coin Market Cap website.
I have to mention that the current price is really low for the hype coin, but I just hope that it is going to improve and do better when the market takes a U-turn. This is because the overall market is not doing great, and currently even Bitcoin is not performing amazingly.
We have seen some good response in the Bitcoin price a month before, but now it is again in the stable zone. I don't know what level of resistance Bitcoin has at that time and even what level of resistance is available with the hype coin in the market. I don't know those technicals because I am more dependent on the fundamentals.
The fundamentals show that if a project is strong, one should hold it for the long term and should not sell unless the targets are met. The moment we sell, we actually book a loss if the price is low, and the same goes when we also book profit when the prices are up. Selling at a high price is okay, but selling at a price that is lower than the purchase price is not okay.
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