As we all know the crypto market is currently going through its worst condition. Bitcoin, which at one time was seen near $125K has now fallen down to $60K. The fall of Bitcoin has affected altcoins the most and honestly seeing their condition feels very sad.
If I talk especially about #HIVE, recently it touched the $0.06 level and then recovered a little and settled around $0.075. But the truth is that not only Hive almost all altcoins are under the same kind of pressure.
Now the most important question that comes here is whether we should take advantage of such an opportunity or not. According to my personal thinking when the price of a strong project comes to a fully discounted rate it is not a time to be afraid but a time to plan.
If we talk about Hive I think that at this time we should do two things for sure.
The first thing is to buy Hive and increase our staking. When we power up Hive we do not only make our own holding strong but we also support the whole Hive ecosystem. More HP means more influence, better curation and long term stability.
The second and very important thing is to take an HP lease and that too for at least 2 years. Now the question is why 2 years? The biggest reason is that at this time Hive price is at its lower levels. The APR at which HP lease is available today may not be this cheap in the future.
If today you make a 2 year agreement and from here Hive price reverses then this delegation can give you very good profit.
Lets understand this with an example. Suppose in the next 2 years, Hive price goes up to $0.3. In this situation you can get around 4X profit. It is very important to remember that by taking an HP lease your Hive quantity stays the same at every hive price but when the price goes up your profit in dollars increases.
Now if the opposite scenario happens and Hive price falls from here to $0.02 and after 2 years you are getting 5000 Hive then yes, in this case you can face a 3X loss. But if the same 5000 Hive reaches $0.3 then you will get a 4X profit. That is why it is very important to understand both risk and reward.
Taking an HP lease is a very easy process. You can easily go to #Hive-Engine and make a lease request. Just create a lease request, write all the details, submit it and then keep enjoying curation rewards.
I will only say that when the market is down that is when smart people build positions for the future. The decision is yours but the opportunity is truly interesting. Dont be afraid of low prices rather do your best decisions.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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