As most other people, I have been paying close attention to the Steem and the Hive platform after the fork. At first, Hive mooned and seemed to be the winner, but since then, the price has dropped, and the Steem token you can buy 1,75 Hive token per Steem token. But, is this a good timing for buying Steem? Or is it a good time to purchase Hive? Well, I just bought some Hive tokens and I will now tell you why!
@Penguinpablo is a master of statistics and he is publishing his daily lists on both Hive and Steem, at least, until his posts were censored on Steem... Now, my goal is not to judge that actual step from the Steem platform and Steemit crew, but I believe there is one thing many of us posting on both platforms have noticed - the activity is great on Hive! Based on my own experience with cross-posting, most comments and votes come on the posts shared here on Hive. Maybe it is just hype? Well, I believe that people follow the money and the upvotes and the crowds... so if people after a while see that they get more results on Hive, then they will remain on Hive.
The price development of Hive/BTC and Steem/BTC since the fork
So, why did I just buy Hive tokens?
Well, I quickly understood that the Hive pump from the first days would come to an end. But, I didn't at all expect it to drop as quickly as it did. That really surprised me. And what surprised me even more is the level to which it dropped. So, the only thing to do for me was to buy some tokens. Do you know why?
As I mentioned already, it seems to me as if the general blogger is spending more time on Hive than on Steem. As a result, you get more results and it is funnier to operate on Hive. What happens then? Well, this is the platform that will be used by most people, in the long run. And what I have learned (the hard way) is always to invest long-term in cryptocurrencies that I have personal faith in. So, based on my experience from the first weeks of Hive, then it seems to me as if this is a platform that is here to stay. And I will for sure be active on the platform. So what is then more natural than to invest?
The giant bonus!
Well, if you are planning on staying at Hive, then you can now buy 1,75 Hive tokens per Steem token. That is an incredible swap. If you sell 1000 Steem tokens, you can buy appx. 1750 Hive tokens. That is crazy, especially if you have faith in the platform and plan on staying active here.
What if Hive will drop even more?
Don't worry, I have buy orders active if it will drop more. Once again - it is about building and staying in it for the long run. It might be that whales dump tokens upon us, but if you like the platform, plan on using it, and are convinced that this is a place for you - then it is one of the most natural investments to do in these days!
And once the whales are finished selling their Hive tokens, it will also be a natural consequence that the prices will rise as the interest grows from newcomers and bloggers who want to invest themselves in the platform.