My response to the @Indiaunited Contest - Theme-: "What Are Your Plans If Hive Reaches $1?"
Being for such a long time on Hive, I have seen Hive cross $1 couple of times and it is indeed very exciting. In the last run in 2022. Hive crossed 3$ though it was momentarily, but it did. Yes, but with time this is going to get more and more difficult. With so many new altcoins coming in the market, the altcoin market has become very poor in terms of growth. While Hive is sustaining, it is difficult to see values like 3 and 4$ for Hive in future. But $1 is still achievable for sure.
In the previous runs, the Hive lows still kept up to 2 digits. It went down to .11 and .12 cents and stopped but this time we can see, how it's plunged down to .05 cents, every cycle the value is going down. Probably in the next Hive cycle the highest will be between 2 and 3$, or may be lesser than that also. I am not being negative; I am just trying to be realistic. With so many altcoins introduced, all altcoins are losing its value. Most of the altcoins only pump in the final rally of the bull market. Let's hope for the best.
Source - Contest Banner
I have not sold much of my stake till now, but this time I do have plans to withdraw 50% of my stake and get some real money out of it. This is what I have been working for also. To build a good stake, remove part of it and then continue with the rest. That way, I can maintain a balance. Whatever money I get from the sell, I want to invest for future for my retirement. I do have some other plans also of supporting children NGO, so part of it will be utilized on that. Some years back the price of Hive was really very good, but I did not have much of stake and it was not worth withdrawing for a few thousand dollars. But then now I am thinking, if I do not act now then this figure forever will remain only on my screen, which I do not wish to.
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