With the price of Hive dropping near historic lows at 18 cents, this was my perfect time to trade enough BTC to get over that 500,000 HP line. But after long thoughts about it, I decided not to.. at least for right now.
The reason is exchanges, there is only one US friendly exchange I know of right now where I can trade Hive for BTC. The Probit exchange is the only one I know of. And due to this I am uncomfortable putting any more money into Hive at this moment.
Just a few years ago I had three options to buy or sell Hive, but with only one now I would rather keep my funds in BTC. I wonder why we have not been added to more exchanges, seems all the new ones only trade USDT/Hive with no way of depositing or withdrawing it.
In crypto it is a really bad idea to invest in coins with low volume, and I feel that because of this I cannot feel confident in purchasing more Hive at the moment. Without having many exit routes.
With the Hive used on Valueplan, or even with the DHF it would be nice to put up a vote to pay to get on some exchanges.. As blasphemous as that is, many alt coins do it. And it would seem like as quick way to get more volume on the coin.
So for now I will stay between a orca and whale, if anyone has tips of how to get Hive in and out without using VPNs I am open to it as the price stays low. But it seems as a US resident my options are quite limited. Just to one exchange right now, I really hope they stick around as its all we have that I know of.
I am sure I am not alone in this situation, there are many US citizens here. And its just such a shame we have such few legal options right now. Maybe one day I will buy enough, but I really would like to see at least 3 exchanges.. more like 5-10 that I could use at any time to buy or sell Hive..
Not just one.