Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.
When I joined Hive blockchain, I was just 20 years old. At that time, my main goal was to earn money because I was in college. I wanted to support myself with my expenses and also help my father financially. Like many beginners, I was looking for quick income.
But as time passed, my mindset started changing. I realized that long term profit is not about earning quickly. It is about building your Hive power and growing your account over time.
Today, I want to share how my thinking changed over the last five years. I have spent almost five years on Hive, so I have seen different phases of the market.
I will be honest. In the beginning, and for a long time, my focus was almost 100% on earning money. But I never followed a path where I powered down everything just to cash out quickly. From the start, I believed in the future of Hive blockchain.
Even today, when the price is around 6 cents, I still believe Hive is undervalued. In my opinion, it can easily grow by 1000% from here. That means it can reach around $0.5-0.6 in the future.
Also, many people may not know that Hive was trading above 60 cents not very long ago. It was trading around that price last yea. Since it reached that level before, it can reach it again.
Now my situation has changed. I have a job and a stable income. Because of that, my goal is different. I am now focused 100% on growing my account and increasing my Hive power. My target is to reach 10,000 Hive power by the end of this year.
Right now, my Hive power is not much but since I am earning from my job, I am not dependent on Hive income anymore. This gives me freedom. I can hold my Hive, power it up, and even invest more money into the platform.
For me, this is an opportunity.
If you ask me whether I will choose power up or cash out, my answer is simple. You cannot choose only one. Every person follows a mix like 50% holding, 30% powering up, and 20% cashing out depending on the situation.
Sometimes we sell, Sometimes we hold, and, Sometimes we power up.
That is how a proper strategy works.
Right now, I am 0% interested in cashing out. Hive is undervalued, so I want to collect more and wait for future growth. If Hive grows 1000-2000%, then 100 dollars today can become $1000-2000.
In my opinion, selling right now is not a good decision. Many people do not understand the future potential of Hive. However, I also believe in being practical. If there is an emergency and I need money, I will cash out. After all, we are earning for ourselves.
But currently, I have savings and a stable job, so I do not need to sell my Hive. At the moment, rewards are coming in liquid Hive and powered up Hive. simple strategy can be to keep 100% of your powered up Hive as it is and use your liquid Hive as flexible income.
You can trade it, convert it into other tokens, or even into Bitcoin. Keeping at least 20% to 30% in other assets is always a smart move for diversification.
So my strategy is not choosing one side. I will use both options based on market conditions. I have been in this space for more than five years. I may not know everything, but I understand the market better than someone who just started.
This post is also part of India United Contest. If you want to participate, you can create your own post and share your strategy about powering up or cashing out Hive.
In the end, I believe you should power up, but also stay flexible. There are times when the market is 100% driven by fear, and there are times when it is 100% driven by greed. You need to act according to the situation.
If Hive reaches a very high price, you can sell and when the price drops, you can buy again. For example, if Hive reaches $3, you can sell 1000 Hive for $3000. Later, if the price falls by around 80% to $0.50, you can buy many more Hive with the same money.
That is how I look at it when it comes to holding or selling Hive.
This is the section where I am going to share about my terracore base, In the screenshot below you can see that I used my terracore attacks.
This time the attacks went good compared to yesterday. That is all I did in the game, I played splinterlands also but I will about that tomorrow.
Thank You.