For those who have been dreaming about increasing their Hive power, this is the right moment to do so. With the current price of Hive, it is very comfortable to purchase the Hive. For a small investment people easily get more Hive. I had this thought of being on top of the stakeholder list on Hive. I even thought of purchasing some Hive with my fiat and power it up.
But till today I was able to power up all the hive that I have earned from this platform which is a very good thing. Initially, I thought of stopping my investment in Hive when I reached 10000 HP. I thought of taking out the remaining Hive that I earn here for other projects. But recently after seeing the price of Hive going down, I really wanted to grab some cheap Hive because anytime the trend can reverse.
We all know that when Hive started off and got it's exchange listing the price of Hive pumped to a great height of 1$ per Hive. But before reaching that value the price of Hive reached a very bottom value and many people who invested in Hive at that low price reaped a good profit. I was worried a bit about not investing any Hive at that point in time. But now that again Hive is at an attractive price, I really wanted to invest in Hive.
In my personal opinion, I also think that it can be a good time for the altcoins in the near future. Not saying this because of the project potential but in general as a Bitcoin observer. Now that the price of Bitcoin is pumping, people have been investing so much into Bitcoin right now. But this cannot go forever. When the price of Bitcoin reaches its bubble break moment, there is a high possibility where people would sell their Bitcoin holdings for a good price and purchase a few altcoins.
This is just my calculation or my theory. Not just hive but there is a good possibility that other altcoin projects can also bloom at this point. Altcoins are always unpredictable. People can even try to choose some new altcoins as well.
Reason to power up Hive
I see it as a good opportunity to power up Hive because not just as an investment but Hive also provides a good passive income opportunity with the help of curation rewards it can give. Some big investors who don't want to manage their invested stake here can also delegate it to some good projects and earn a good passive income from the curation reward share.
Not all the Blockchain projects are a DPoS project that gives passive income for delegated proof of stake concept. I also see that the Hive has great potential as a DPoS system where people can even build smart media tokens or a side chain on top of Hive for their own projects. Hive can support such multiple side chains where Hive Engine being one successful sidechain right now.
