Hello Hive Fam!
Hope you are doing well and having a great time wherever you are in the world.
The Hive price is currently low, and although it's not financial advice, Hive below 20 cents is a great deal. Most of my hive purchases are made within the range of 20-25 cents. Now that the price is below 20 cents, I think this is a great opportunity to buy Hive. Today, I made some purchases for Hive, purchasing a quantity of 6,000 Hive coins. Right now, the price is 0.177 USD for Hive in the MEXC exchange, and you can see the same on the price chart.
Investing is a journey, and when we keep on investing in any asset class, it is always important to average out the buying price. Because most of my buying for the Hive has been between 20 and 25 cents, and now I have got the price which is below 20 cents, so I am trying to average out my buy price as low as possible. Also, I am going to power up Hive today, which I have purchased, because there is no reward for holding coins in the wallet unless they're staked. With Staking, we convert Hive to Hive Power and start earning curation rewards.
Apart from this, buying Hive from the market, I also used all my HBD to convert into Hive, but that Hive I will not be powering up. I had that HBD in the savings of my wallet, and it was earning 15% APR, but now, because the hive price is low, I converted HBD to Hive, and I plan to convert it back to HBD once the price recovers.
I am aware that the power up day happens on the first day of the month, which will happen on 1 Oct, but I thought, why wait? I just went ahead and did the staking for Hive. The current HP balance in my wallet is around 79k HP, which is good, and I hope I can grow it more with my limited resources.
The good thing about Hive is that when I send the coins from my exchange wallet to my PeakD wallet, there's very minimal charge. In some of the platforms, taking up coins also comes with some charges, but here it is not so technically everything that we are doing is free from the transaction fee, and it is one of the parts of this amazing platform that I like a lot. So now the power up is done, and I am happy to have this power added in my wallet, but obviously, I'll try to buy more when my budget allows because I am trying to have a decent holding of crypto in My Portfolio for the next few years.
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I don't know when the price recovery will happen for the hive in the market, but this price looks good to me based on my fundamental analysis. So even though I'm not sharing any kind of financial advice, I am following it because I am convinced that this is a good price range to buy. What are your thoughts about Hive and its current price? Thank you!
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