In the early hours of this morning HIVE printed a new all time low with the price achieving a whopping $0.06272 c per HIVE. This was kind of unexpected as I stupidly thought we would not see 6c or was rather hoping being wishful thinking we would not enter this realm. Those who thought the bottom was in well good luck with your next guess as any price is on the table with so much uncertainty in the markets. The HIVE APR hit 4% this evening and this is far more than expected with myself now earning 20.7 HIVE daily just from having stake/HP. Kind of unthinkable a few months ago, but here we are seeing this happening.
I was around for the all time high which is a little over 4 years and is a moment you are not likely to forget and feels like yesterday. The problem is for the last 50 months along with the rest of crypto we have been on a downward slope and I would put Bitcoin and others in the same bracket even though Bitcoin printed a new all time high during this period.
Looking back on November 3rd BTC hit a was once an all time high of $63K and only passed that price in March 2024 hitting $71K.
Over that same period alts would have expected to follow suit, but never did and kind of left everyone behind so we are left playing in the bottom of the barrel until something kick starts the market again. One has to wonder if the Koreans will start doing their pumps again as this would not take a huge amount of cash to get HIVE rolling upwards again especially with HIVE being part of leverage on Binance. Something to look out for as this is never a certainty, but a possibility.
I am not overly worried with the current market as crypto is not the be all and end all for myself, but I do feel for others who are relying on their crypto portfolios for a better future and understand their concerns. This is why having a plan A, B and C is always a must have because then if one fails there are other options still available.
The good thing is the markets will always bounce back and this could all change within 3 months and everyone is smiling again so one has to just keep on doing what they have always done which should be stacking and growing your portfolio numbers. Staking is the obvious choice and the one I rely on to maximize my growth because it is impossible to buy all the dips as at some point the ammo dries up and you have to find alternative ways to grow.
I noticed yesterday the crypto that is up by market cap lately is all the stable coins as this is a place of safety allowing you to preserve your value in times of trouble.
If we are all going down which is highly likely then all we can do is button down the hatches and grow like we always do and come out the other side once this has passed with much bigger bags. This is what we all do best and my advice to everyone is to stay active and those staking outside the HIVE eco system farm your rewards regularly and be consistent as this is where the growth comes from. If this period goes on for the next 6 -9 months which it could do there is easy coins to be made over this time period which should turn into a valuable time period. My fondest moments on HIVE were always when the price was low as this was the fastest growth periods I have experienced and you miss them when the prices start to rise.