HIVE is currently trading above 6 cents, and it’s natural for many users to see HIVE in such a state. I am sure few people expected HIVE to come to such a state, especially the old users of the Hive platform. I am also disappointed to see the price of HIVE. If I knew such a situation would come, I would keep my HBD for now, convert those into HIVE, and power up. My total HP would be 3X compared to the present time. Whatever, it was past and we can’t control things all the time, and things won’t happen according to our plan. But what if HIVE price reaches $1? What will I do? Will I hold it, sell it, or increase my HP? What do you think? Let me share my thoughts.
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To be honest, from the current time, thinking about $1 seems too much and not realistic, but I believe that HIVE has the potential to reach $1. For the contest prompt, I am considering the HIVE price is $1. When HIVE price was between 30 to 60 cents, I bought a good amount of HIVE, and my intention was to sell those when the price reached $1, but such a thing never happened. So, if I were a trader, I would sell the amount of stable funds, and it means I will keep more than half of my HIVE in my wallet, as my average buying is below 50 cents. It’s just that I will be taking out my seed money from the investment, and it’s a smart strategy in my opinion.
With the stable fund, I will keep it for saving for the next bear market because it will not only protect me from the bear market but also give me interest on a monthly basis. I know that the APR on HBD savings is 12%, but still I will choose to keep it rather than keeping my stable fund idle, and it’s better than nothing.
At the present time, I don’t have huge amounts of HP, but I think it’s not nothing either, and if the price reaches $1 the amount will be quite good. But I think I won’t have any plan to power down my HP because as long as I have more HP, it will be good for me to earn more through curation rewards. Additionally, there are many ways to make the best use of HP. So, I have no plan to power down my HIVE POWER as long as I don’t have any emergency or I am forced to. But I think if HIVE price reaches that high, I may choose to get all my rewards rather than choose 50/50. It’s hard to say unless I face the situation. Depending on market sentiment, I may choose to increase my HP also, who knows.
Will it affect my lifestyle, or will it help me improve my lifestyle? I think no. Till now, I was never dependent on HIVE earnings, and I was not dependent on the earnings of cryptocurrency trading. I always try to have a solid foundation in offline earning, and my online earning can hardly make any significant impact on my life, and I believe my offline earning will be huge when HIVE reaches $1.
But the real question is whether the HIVE price can reach $1 or higher in the future. It’s hard to say, but I think if everything goes well, it is supposed to happen, and it can go higher than $1 if there are no major issues, but it will take time for sure if the growth is constant. But for the Hive platform, it will bring many users, as here we earn HIVE, and if the price increases, people will naturally come here to get a share of the rewards for sure, and the activity will increase for sure.
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