The bears have finally taken control of the market. It is as of the alt coins are bleeding out and free falling. Nobody knows, when and how the market will bounce back! Even better, everyone is eagerly awaiting if we will get to see some of the most anticipating historical ATH for few of the alt coins. Till we survive that day!
The global market condition and it's overall impact has been helping the bears to take over the sentiment and market as well. Hence, driving the price even dipper. Moreover, apart from retail investors, the most devastating impact has flown down to the other small/mid term investors. It has created such impressions where this bear is getting the upper hand and these investors are getting wiped down due to these uncertain volatility. Making a clear path for the retails, to scoop some decent BTC and alt coins for their portfolio!
Which Coin/Project to look UpTo?
Since, we are in the crypto universe it goes without saying, we must hold BTC in our portfolio at all times. A majority of our portfolio allocation should be for this big daddy. No matter, what happens to the market if it recovers (eventually it always does) we will always see recovery in this OG. So BTC is a must.
Now, let's talk about one of my favorite coin "HIVE"!
Over the years, what I have learned regarding project based investments, here are some key points to note
- VC, Best Dev, Best Blockchain! Nothing works, if the product is not for the community. As simple as that!
- No community = No Future of that Token
- Community should be there for the project, during good and bad times. If not, your project will eventually die during bad times.
- How effective your voice is in the chain? Decentralization, a true one, really matters the most!
For HIVE, it has delivered all of them within the chain. It only needs us the community to consume and deliver what we are good at. Just keep on marching forward and keep on building. If you are passionate, you will have something out in here.
Community! Many humongous projects in crypto universe have undervalued the efforts and significance of community, which eventually became their downfall. If you care about the community, the community itself will take care of the chain and thus you have a healthy economy and a sustainable eco system for us all.
HIVE, is dipping? Is it a worrying fact or an opportunity?
Let's take a few steps back. Hive, since it's inception has seen multiple years if bears and bulls. Which makes it one of the most promising coin to exist. It has gone through a wild ride from cents to over 2 dollars in the past. Those were some crazy times. While as of the moment since every other coin is taking a hit, HIVE will eventually take a hit as well. That's the easiest catch to learn. While, since the price of HIVE is down it might be an opportunity if a life time to grab some cheap HIVE.
The reason I am saying this is because HIVE has shown some significant changes over the course of years. A dedicated community, with daily active users within the chain, who are doing tasks of their own and getting benefited in every possible way. HIVE has created that eco system and now it's running on its own thanks to validators. Anybody can grab some cheap HIVE and wait for the right moment to get the best benefit out of it.
Let's do some math :
$1000 invested in HIVE ATM, will give approximately 9345 HIVE in current prices of $0.107. While historically Hive has shown that it will eventually bounce back and once it does, it will always do wonders. Now just let's say, if the price soars back to $0.2 area, your money gets doubled. While earning passively with HIVE, that option is available. And for content creators, now is the perfect time to keep on creating contents on HIVE. As more amount of HIVE can be generated via your content if you know what you are doing out in here.
If the price of HIVE drops more, stake the HIVE and power it up and enjoy the APR. Although unstaking the coin takes much longer than expected. More chances to accumulate more HIVE tokens along the way.
Either way, dip markets are a way to build wealth. You just need to be patient and keep on believing in what you are doing. If you can look in a keen way in that fact of self patience and DYOR, you should know where you are going and how fast you will be able to achieve it.
Calculated risks are solely better than gambling!
Image sources : HIVE.IO
Best regards
Rehan
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