I heard complaints about HIVE many times recently, and of course, they are happening more often when the price goes down, than when it goes up... Interesting, isn't it? 😃 How nobody complains when the price goes up, but many do when it goes down... Well, guys... If you can't bear with that, you shouldn't be in crypto... Crypto is young and crypto is volatile! Especially if you are looking at the ZOOMED IN image!
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The fact is that HIVE did have its better days, and it's true that priced in BTC, it does go down... In Hive's defense, that happens to many cryptos out there... The vast majority never go back to their ATH, while only a handful can say that they beat their ATH recently... And most of them are "new tokens" that aren't "time-proof" as HIVE... Another thing that it's important to say is that it's hard to follow BTC's steps! Bitcoin is widely famous and adopted in many places, while many other cryptos aren't... Because of that, BTC price goes up because of worldwide demand, and not "just because" it's a bull run... It's the reason why the bull run begins!
All in all, it's hard to compare HIVE with BTC... It's hard to compare anything with BTC... Look at traditional stocks and companies, BTC beat almost all! But, does that mean that everything is shit and it's not worth our time? Of course, not! BTC isn't almighty, it covers one thing, but we have different blockchains that serve different things, including HIVE... I know the saying "Winner takes it all!", but that doesn't mean that nobody can try and work differently...
Now, back to the complaint... The price of HIVE goes down... True... But, it goes up too... It is volatile... So, you can do things with it... You can sell when it's up, and buy when it's down... Now, here is the main issue of those who complain the most... They think that you HAVE TO SELL at the ATH, and BUY at the ATL (all-time low!)! That's impossible to do!
Let's drop some (real) numbers... Two simple examples...
Just 1.5 months ago (November 4th), HIVE was at 14c... If you bought it then and sold it now, you would be in a profit!
Same moment, for example, you bought HIVE for $100 at 14c, which means that you got 714 HIVE for that... 9 days after that (Nov. 13th), you sold it at 30c (the top was even more) and got $214.20... You bought HIVE back (Nov.21) at 24c and got 892.5 HIVE... You sold it again at 40c (Dec. 9) and got $357... All in all, you more than tripled your investment in less than 2 months!!!
So, can someone explain to me how you can't earn money with HIVE?? And this was the simplest explanation ever, without going into blogging, staking, investing in games, etc.
When there is volatility, you CAN earn money... When the price goes up, you can earn money, but you can also earn when it goes down too!!!
IF YOU DON'T KNOW how, that means that you should invest your time to LEARN it how, and not whine and blame everything else for your lack of knowledge!
Thank you for your time,
--ph--
PS. None of this is financial advice of any kind...
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