My name is Matt and I'm here to help with some humble advice as someone who's been around for a while.
There is no need mock Steemians on their platforms right now. Treat others with respect and class. We don't need enemies or our reputation tarnished from this arrogance. Ok, with that out of the way...
Resist the urge to capitalize with jubilant posts about price or volume. Hiveans NEED to make rational decisions now and won't benefit from an outpouring of euphoric content about exponential activity. Not everyone here is a crypto expert, and they can unfortunately be influenced. Add value, not redundant hype.
If you have any intentions outside of holding HP forever, don't be afraid to sell or trade. Greed often comes in the form of holding too long. It's ok to protect your investment and/or diversify. Less than 1,000 HIVE can get you .1 BTC or 4 ETH right now. That's astronomically more than 4.5 days ago. Don't let greed blind you from golden opportunity. If/when Hive corrects, you can even increase your holdings to feel good about taking advantage of the situation.
Panic buying often leads to a worse kind of panic when sellers take over (typically right after you caved in to buy). We all had those moments and they can linger. Please weigh out the benefits of being rational and patient vs emotional. If you didn't buy before when the price was $0.08-$0.12, why would you buy now? Hive should be around for a while. You'll have other chances.
What goes up, must come down. Hive didn't just cure cancer here. There's a new Asian exchange listing with a buy-Hive contest. We all want more wealth and value, and nobody knows were the top will be, but don't be surprised if there's a big drop when the contest is over...
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Plan a stop loss. Don't panic sell. You only incur a loss IF you sell your HIVE. It's simple and obvious, but people routinely forget when under stress. I still remember panicking in early 2017 when typing in the volume to rebuy when I tried my first short on a huge dip, and the price skyrocketed right by me. My mind and fingers would not function. I then made 2 more embarrassingly dumb moves to try to save myself and it cost me a ton.
Crypto is chaotic. This IS chaos. Narratives and theories to rationalize why this may be a fair correction from years of suppression are best on the back burner during these times. Keep it simple and stick to the facts. Your gut may tell you that Hive will be the next coming of Christ, but this recent price tidal wave is way B.C..
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Maintain business as usual. Create quality content and engagement to show our value. If a fraction of the Huobi crowd actually powers up with new accounts, they'll be looking for people to follow. Hype posts have always turned me off, and could turn away investors who are likely fearing a pump and dump right now.
It's noble to keep all your Hive powered up, but it's also wise to keep a liquid reserve for rare situations like this. You'll rarely hit the top or bottom, but you'll have flexibility to gain more than if you had it all staked. Paper profit means nothing. That's how we get credit bubbles.
PLAN. Adjust your plan as you get more information, but stick to it as best practice. Sometimes you can loosen up a bit, but good planning and execution often wins in the long run.
Stay grounded. Hive was just launched and was a near clone of Steem, which struggled for many years. If we're finally on the right track, it'll take time to build a stable base, price, and attract hundreds of necessary devs to bring this more mainstream. If you gained 500% this week in account value, pretend you didn't because it's just a snapshot. Remember where we were less than a week ago. Also, don't blame and resent staking for restricting you from realizing any of those gains if you're feeling stuck. Most people chose to power it all up to maximize curation rewards. Simply plan ahead for the next time or be at peace with the nature of this "beest."
I'm trying to help anyone who may connect with this. I've made my mistakes, and will make more, but we should help each other when we can.
Have any other idea or suggestions? Share your wisdom!!
Thanks,
Matt