Let me start this late evening post with a question... or two: how many of you remember the year of 2018? Does it look similar with 2022? So far it kinda looks like that, but nothing is certain in crypto so lets move on from assumptions and look at facts.
Hive is a relatively a new chain. I guess everybody knows by now that it is a Steem forked chain. Most of the interfaces look relatively the same with the dead blockchains ones. 2018 is the year that I joined this community and I have been quite active ever since.
When I created my Steem account the main token was valued at around $5, that was February 2018, and in just a couple of months it fell to like $3 and from there it has continued to drop. Hive has had a rough start and the HIVE token has spent quite a lot of time in the $0.13 - $0.15 range.
I still remember that because I was as active back then as I am today and will keep on doing the same even if we're entering another bear market soon, or are already in it. I have made money during peaks and will stay for the worse as well. I'm prepared for either scenario, bullish or bearish, a matter of fact I'm betting a lot on the "camel mode" of the crypto market for this year.
The camel mode being a sort of a several months chopping and wealth transfer before a new bull commencing.
I still remember that the low prices for both STEEM and HIVE have put quite a bunch of content creators to hibernation a few years ago. Some of the famous faces have fallen in this category as well and my take is that if we're gonna see HIVE dropping to as low as $0.3 or something like that, I really don't think it would go lower, we're gonna have the same pattern repeating.
I'm not falling into this category, although basically living off this thing. I rather change my life style and spend less than to pause my blogging activity. That's how I am. What about you, though, how do you think a $0.30 HIVE will affect your Hive routine?
Thanks for attention,
Adrian