Hello Hive Fam!
Hope you are doing well and having a great time wherever you are in the world.
Today is the first day of the month, and it is the first of October, which is also known as a day when we all power up Hive. This week I have already done a bigger power up for more than 6000 hive, and I could have waited for today, but I did it because I think it is very important to power up the moment I have some liquid hive. I don't believe in keeping the liquid hive unless there is some balance for a specific purpose, and in my wallet, you can also see some liquid, but that is not for the power up. It is because I have converted my HBD to Hive this time when the price is low, but I will convert it back to HBD when the price recovers. However, today I have done a power-up of 100 hive out of that balance to participate in this event.
I believe that powering up is very important because when we do, we add more value to the wallet as well as this entire ecosystem, and the more coins are staged, the smaller the circulating supply and the more of a commitment from the community side. When we stake the coins, we also get eligible to earn curation rewards, and in a way, we are also adding another layer of security to the holding because power down takes 13 weeks, and if something goes wrong with the account, you can fix it within this time.
I have powered up 100 HIVE and this is my participation for the event and I know that this is not a big amount but like I already mentioned that a couple of days back I have I have done a bigger power of far more than 6K hive and now my balance is almost 80K with a slight gap which I hope to bridge in this month.
Currently, the price for Hive is low in the market, and I think this could be one of the reasons why anybody can think of buying more coins and powering up. I'm not sharing any financial advice, and it is just a thought because I believe in this coin, so I invested a decent amount, and I still believe that it has the potential in the long run, so now can be a good time to have a good balance and a good time to invest in the coin and build a stack.
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I simply believe that if find something valuable which is worth investing Then invest when the prices are low and maybe there can be some sort of negativity that time but it is OK because if you are confident on your fundamental analysis then you can take that risk and go ahead whatever you want And anyways with every investment some sort of risk is always involved So please keep that in mind. Thank you!
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