Hello HODLers,
As @toofasteddie wrote it, if you are kind of new in the crypto world; the past few days are an important lesson for your Crypto Degree. Find out more on the topic in his post Take it as a lesson for your "crypto Degree".
HIVE opportunities
As Hive ecosystem is probably where most of the newcomers and readers have their wealth; I will start there.
First of all, the price of HIVE tanked with the market (-20/30%) and our beloved stablecoin HBD did not hold the PEG and went to 0.9$.
These 2 things are quite normal during big drops. As @nealmcspadden usually say on the @leofinance weekly AMA, "HBD is pegged to the $ but it is more volatile and takes more time to go back to it than other stablecoins".
So take some savings out and start converting ! :D
Once you know that, you are not so stressed by HBD losing 10% and you can expect it to go back to 1$ sooner or later.
What should you have done?
You should have taken all of your HBD and converted them to HIVE. you would get 1USD value per HBD of a depressed HIVE price. This means more HIVE for you and a quick arbitrage for you. Some bolder investors probably are already buying HBD to get the 5% arbitrage. The only issue and risk is that it takes 3 days to process and therefore HIVE could be lower than today's price.
Continue Posting and interacting with felow Hiveans
I have read this many times over the past few days but this is the basics. Even if the $ amount of your rewards looks so small, you will earn more HIVE and therefore later on when HIVE will reach new highs, you might have forgotten the grinding during this period of time but this is where you made your stack!.
So keep grinding and posting quality posts and comments. You will be rewarded.
Hive-Engine Tokens
During these dips, you have low liquidity tokens getting hammered by stressed out investors wanting a way-out. As @chronocrypto mentioned in his article: this is a great time to accumulate all these Index, Community Tokens you always wanted ! They are at a discount.
In my case, I bought some community tokens and I put some orders to get more BRO tokens as I love these guys and it pays good dividends
Once everything settles, I will be happy to have a bigger BRO, LEO, POB stake and can wait for prices to go back to normal and even sell some later on.
This is it for my Hive strategy, if you have other tips, please share them with us!
What Hive-Engine Token are you accumulating?
Stay safe out there,