A significant drop in the price of #HIVE coin to $0.28 makes me unhappy. The price has also dropped to $0.26, creating a wick, which is very concerning to me. I don't like seeing the price of hive drop as quickly as it did. This is due to the fact that we are working on a solid project and a solid blogging site.
You've probably noticed that the price of #Bitcoin has dropped from $28600 to $26200, an 8% decrease. The entire market is down, and altcoins, including our beloved #HIVE, are suffering. But one thing worries me about HIVE's price movement: why is it dropping quicker than other altcoins? When comparing these two coins, I took note of both #ADA and #HIVE.
HIVE falls more quickly than other altcoins. The price difference between Hive and ADA used to be roughly 6 cents, but today the difference is only 2 cents. This obviously shows that #HIVE is losing value quicker than other altcoins. However, this must not be the case, and it must move more slowly than other cryptocurrencies.
The reason for this is that we have a good blogging project and a strong staking option whose job it is to keep the price from dropping too quickly. But we still observe that #hive dumps poorly, with a decrease of nearly 20 percent in just 48 hours. This is a sad day for us #hiveians since we need to see the price rise in order to improve our incentives and rewards.
When the price falls, the hive environment begins to struggle. Because the price of #hive determines our voting mechanism and the entire reward system. When the price of hive rises, you will receive more rewards in your contents and your vote worth will rise as well. However, when the price falls, the benefits are reduced in proportion to the price drop.
I've noticed that whenever the price of a hive drops by a large percentage, I experience financial tension over my investment. I started caring about my money and my hard work as a result of three years of hard effort. Despite the fact that this ecosystem is far more secure and a safer investment location, it causes me concern. However, price fluctuations are a normal part of a business.
It's evident that when the price drops, you start thinking about your money. It occasionally causes us to make poor decisions. One cause of the price drop is panic, which leads to poor decisions. Another issue that arises as a result of the hive's price decrease is a reduction in community engagement.
Less people will be active in the ecosystem, and the amount of posts will be reduced. Many writers are only active during the bull season since they only want to gain money from this platform and do not consider the worth of the ecosystem. They are the type of selfish people who do not regard the platform and are just concerned with personal riches.
As a result, one of the causes for the hive market's decline is that many users become inactive in the ecosystem while waiting for the price to revive. As a result, several difficulties arise when the price of the hive falls. The only thing that concerns me is my investment, which is a natural concern for everyone.
Despite these difficulties, there is a significant benefit when the hive price is down. I've discussed several disadvantages while the price of hive is low, and many individuals may be wondering if there is any good news during this time. Yes, we have an edge during the bad market in that you may quickly raise the amount of coins.
When the price of #hive was about $0.35, you could only get 1HBD=2.8HIVE, but now that it is close to $0.26, you can get 1HBD=4HIVE. This is a significant difference between the two, and the benefit is right in front of us. Those looking to invest should look for the greatest timing and lowest price to buy and is right now. Those with #HBD coins can also convert to receive extra HIVE at the present pricing.
This is my attempt to inform you about the difficulties that arise when the price of hive falls. In addition, I describe one of the major advantages during the price decline and bad market. I hope you find this post educational and informative, and I hope you like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
