Hey All,
The entire global cryptocurrency market is witnessing a sharp decline and the crypto overall market cap today is trading above $3.182+ Trillion, which is like almost down 11% in the last 24 hours. All the major crypto tokens are down and so is #HIVE which was almost down 20% and was trading somewhere around $0.30 cents and that is where I am tempted to grab some #HIVE tokens at this stealer price. Bitcoin #BTC is down 5% and is trading around $94K+. I wish I had some HBD [Hive Backed Dollar] tokens here and I would have just gone ahead swapping it for #HIVE. Good to see HBD not loosing it dollar pegged value and is trading around $0.95+ cents. Its a good opportunity I guess to swap/trade your some HBD for HIVE. Whenever there is these sharp declines in the crypto or financial markets then its a great opportunity to accumulate some of your favorite tokens or stocks. But then it drills down to ones risk appetite and the cash at dispersal. And most of the time the case is that we are low at cash and miss these opportunities to dollar cost average. Here is the #HIVE that I have no Binance that I kept on the SIMPLE EARN program that currently is giving me an APR of above 36% and so far my cumulative real-time APR rewards is more than 50+ #HIVE
Right now I am stuck in a situation where my other crypto tokens are also down so its not like I could sell them to buy HIVE. Normally in these type of situation, I have taken advantage of sell other crypto asset for the one which has declined too much. Now I am left with only one option which is to pump in fiat to buy HIVE. But whereas I am reluctant to do so right now considering if we could see another sharp decline from here. I have around 2K+ #COTI that I could swap for HIVE but then COTI is also down 25% today and is trading around $0.07+ cents. So no point to do a swap here its just going to do more harm as opposed to good. For now I will continue to stay invested in the SIMPLE EARM program on Binance and will also see if I can put in another Rs.25K+ and buy HIVE from it. Rs.25k+ at the current price of HIVE is going to get me around 1k+ HIVE and if I get this trade going the plan is to powerup all the HIVE bought. Let see if this works out or not. My first option would be to check for a P2P peer to peer trade and if not then I would be looking for Binance exchange to buying HIVE. Well this should be it for todays post around - Crypto Market Blood Bath - #HIVE down 20% My Strategy Ahead.... Overall I am happy with the investment yield from #hive and buying more stake in second layer tokens here on the Hive Blockchain... Happy Investing & grab those all #hive when its being traded at these stealer price...cheers
Did you observe the spike in dollar value for your liquidity on hive-engine? Did you leverage the convert swap.hive and vice-versa service provided on Beeswap? Which service you do use while converting #HIVE & SWAP.HIVE? Would love to hear your thoughts around it in the comment box below? Cheers
#hivepower #hp #hive #strategy #hbd #crypto #cryptoinvestment #investment
Best Regards
Image Courtesy:: hivestats, peakd, coingecko, binance
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects...
