It has become difficult for me to believe that the price of #Hive has come down to $0.11 and now it can go even lower. Believe me I have waited and waited so much. My eyes are tired and this is the hardest test of my patience. I never thought that Hive value could fall below $0.14.
According to my analysis, I had beleive that the price will rebounce from $0.19 or $0.14 will be the last price of dipping. But as always, the market is unpredictable and anything can happen here. $0.14 level was a good strong support buy unfortunately, it did not hold this level as well.
The reason I always saw this coin above $0.14 was because I thought that since a good amount of Hive is staked and it would stop the price from falling more. But now when I look a lot of Hive is in liquid and investors kept selling, that is why the price fell this much.
Right now, Hive is at $0.11 and it looks like a freefall situation. I see that there is no strong support near except one support at $0.05. Hive price can drop to that level as well. The chance is low but looking at the situation it is possible.
My real worry is that with Hive price falling continuously, the HBD peg should not break. If HBD keeps going below $1 and becomes volatile it will be a dangerous situation for users. Just like what happened with SBD which is Steem’s stablecoin.
Right now SBD is around $0.6, its price is volatile, goes upside to the level of $1 and goes downside to the level of $0.4. Basically it has no peg now and its price can go anywhere. For HBD, this should not happen but if it does hen we will face trouble. We will have issues in conversion, payout rewards, and many other things.
Whatever the case is I am sticking to my plan. I am not someone who gives up. I will keep investing continuously. My original plan was that if Hive comes to $0.12 – $0.10 I will invest more. But now I am thinking to buy at even lower prices.
My next buying will be at $0.05 – $0.08 instead $0.10. The reason is that $0.05 is a strong support zone and there is a higher chance of price rejection from there. My goal will be to accumulate as much as possible at that level. If I buy $1000 worth of Hive at $0.05, I will get 20000 Hive which is a good quantity.
I hope Hive will take a price rejection from these levels and go upward from the current price. My hope and prayer is the same. Lets see where the price goes. Will the Hive investors, whales, and witnesses be successful in controlling the price? For now, fingers crossed... I am watching everything.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Those who will interact will get my 100% upvotes. My staking is increasing. Thank you all for your time reading the content.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA Image Source
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.
Posted Using INLEO