Hive purchase - Is it the right time?

sayee(74)
Published in
#hive
Words
332
Reading
2 min
Listen
Play
2y

As many might have observed, the price of Hive is now trying to break all resistance and soar high. It reached a recent high of 0.45 but was brought down quickly by the bears. Even so, Hive has been swinging like a pendulum, and those willing to take risks might have already booked neat profits by now.

Is it the right time to buy hive now? At what price should it be sold? Will Hive rise more than a dollar? These are uncertain days and anything can happen. Many content writers are predicting an alt coin bull run but it remains to be seen if it will happen.

If you are ready to risk a few dollars, it will be good to stock some hive and wait patiently. Observe the market and indulge in some day trading and profit quickly. You can also reserve some hive for a probable bull run.

Where should you store the hive? if you have a definite price in mind and want to book some profits, it will be best to transfer the hive to an exchange or deal in p2p when the desired price is attained. In case you do not want to book profits, you can always power it up and earn rewards by delegating to groups such as indiaunited@indiaunited or bdvoter@bdvoter These help in passive income.

One can also earn hive by writing blogs or playing games such as Splinterlands. New games have popped up on the hive blockchain but I have not gone through it. I do hope an exciting new game soon arrives and makes a wave.

Do tell me how you deal with such price swings where Hive is concerned. Do you book profits or do you just let it go by and stick to blogging only? You could sell high and buy low and power up the extra hive too. Whatever decision you make, make sure to study the market and do not make a hasty decision.

image - screenshot

Hive purchase - Is it the right time? | Ecency