Ridding the storm requires lot of courage and dare spirit. The recent crash in the entire crypto market was such a devastating one. From some trusted sources, about $50, 000,000,000.00 wiped out of the crypto market. But what could have been the reason behind such crash? Several sources with quiet some interesting facts regarding this, but the most trending of them got to do with the Crypto President "Donald Trump", making a tweet, threatening China of tariff about 100% on virtually everything they make. With this news breakout came sudden changes in almost all markets; stocks, commodity etc. Including our favorite (Crypto Market) Hive.
The entire markets just went through a bloody bath. Bitcoin dropping sharply and dragging all other coins along. Causing massive fear everywhere. Just this morning about 11:30 GMT, there was a suicidal news outbreak of a social media crypto influencer over entire loss from the crash. There was massive liquidation of long positions.
Hive also got a good share of the pie. Price slid hard and not sparing long term hodlers either. Everyone was affected. But when we analysis the market well, hive had no hands in this. It was just that same wave that affected everyone and everything.
Hive price went down to its lowest point ever of $0.0327 all the way from $ 0.184 after it broke below it support level of $0.18. There was actually a dried up of market liquidity and retailers where not spared either. There might be a sell off to cover up losses elsewhere, possibly adding to the pressure. Yet I strongly believe it was just that crash that led to the downfall of everyone. If not there wont have been such a quick recovery back up to $0.1437 with such short time window.
Yet such driven dip often leads to a set in some of the best accumulation windows, when everyone’s fear is up about 20% to 50% drop in assets, the risk to ratio reward looks pretty good and attractive I’m most cases. And that’s how it looks now. Risk lowers are up with some cool gains already. Bet I was a bit late cause I had network issues. Yet we are still in the dip.!!!
While the crash unfolded, there was a quick bounce back, usually it might fill a gap before bumping. Retracement usually occurs, but an 80 – 100% chance in a single asset crash. In this case I doubt there would be a filling of gap before a rise since it was general market crash cause by a political and economic warfare.
So all things being equal, I took the opportunity enter the market by acquiring some hive tokens with my HBD that was just laying idle. Aiming at not less than 60% in some few days to come. Investing just a little now. Just $11.00, very low risk but a bounce back to current price means double amount of investment.
Trying to buy when others panic. Cus best entries are when everyone’s bullish on the market.
Hive isn’t just any token; it’s a utility token of one of the biggest social blockchain net. With some utilities like blogs, games, communities and Dapps. Best choice for easy and low risk investment. Smart choice for every aiming at getting some juicy yet low risk from this market recovery. Belief in hive Fundamentals, and a possible sharp rebound. The volatility isn’t over; prices can swing wildly. Don’t chase quick profit, position for a rebound. Such crashes separate the panic sellers from the strategic accumulators. Stay calm build slowly, and trust that hive is a string community and decentralized in nature will stand all again once the storm is over.
Not yet a Whale? Take advantage and stake up some hive for the future. Thanks, and catch you later.
Not a financial advise - DYOR
