Over the past few days, HIVE price just dropped like a sack of potatoes bringing it from 19 cents all the way down to 11 cents. This is something which was expected by many traders as trade volumes of HIVE is not really big and sustaining at that price was not an easy task unless new cash flow is pumped in.
If you took a look at the current trade volume of HIVE its only about $182k compared to the likes of STEEM which is closer to 5 million. With low volumes, this would cause high volatility and price may go up and down like a basketball.
Have you bought the dip ?
Since the price of HIVE is so low ? Have you bought into the dip ? Some may have ... some would just wait and see and a number would have gone into fear mode and just sold everything at any given price.
For me ..
- When it comes to trading, I would stay away from these kind of altcoins with low volume and highly unstable however STEEM / HIVE has been my "full time" for the past few years. So its the only blockchain project which I've vested my time and interest in and have spoken openly about it over the past few years.
- I can trade any other shit coins and make a profit, but with HIVE, you can trade your time and your make friendships which is way more valueable then any trade.
- The ability to helpout someone with just a simple action of an upvote can be life changing for some. Here is a clear example from one of the charity drive which I did and it was 100% supported by you guys. Destiny Homes Orphanage donation by steem
- I went on to my first Europe trip after winning a SteemFest 2 ticket gifted by @acidyo which I'm truly appreciative off.
- We have an amazing community here in Malaysia which keeps creating great content and also get involved in so many other communities here on HIVE. Even though there is not as many active ones, but its still a community which cares about this blockchain and looks out for each other.
So hell yeah !! I did buy the dip !!!
Why not ?? By grabbing more HIVE, we would be able to do so much more which is able to stimulate growth of communities which I'm sure has more value then anything else which I can think of at the moment.
If you buy ... or don't buy the dip, its truly your decision however I'd love to see this blockchain grow and as of now, I'll try to grab as much HIVE as I can afford to get.
Cheers and you stay safe !!