Hive is one of the best investments to make. If you are someone in the crypto industry, several coins can potentially be a good investment and Hive is one such coin. I'm confident about this after seeing the previous bull market. I remember seeing Hive at 11 cents a few years back and when the bull market happened, the price of Hive reached as high as 3 dollars. It was an unexpected thing. Having the price above 1 dollar itself is a great thing. This article will focus on ways to increase our Hive during this bear market trend.
Doing more power-ups
Doing more power-ups can potentially increase our Hive power which will also give us rewards in the form of curation rewards and at the same time we can also stay invested in Hive. Power-up Day is celebrated on the first of every month. Additionally, some people do power-ups more frequently and do not wait till the first of every month.
Converting HBD to Hive
If we are holding HBD in our wallet, now is the right time to convert them to Hive when the price is low. Later after the price of Hive improves, we can convert them back to HBD and put it in savings. There have been people doing this to take advantage of the bear market. I converted my HBD to Hive long back and have been eagerly waiting to see Hive pump back again and then convert Hive back to HBD to make maximum use of the Hive price right now. Anyway, the APR for HBD has also been reduced to 15 percent which is also another thing to consider converting to Hive.
Choosing 100% HP rewards while writing a post
There are a few ways to earn HBD on Hive. One such way is through blogging on Hvie. If we set out post to receive 50 percent rewards on Hive in the form of HBD, we get liquid Hive. There is also an option available to get the author rewards in 100% HP instead of any liquid reward. This is a great advantage during the bear market because this is one best ways to accumulate lots of Hive through the rewards. Mostly all the front ends have this option to choose between 100% rewards and 50% rewards on the post. We can make these changes when we do a post.
Trading Hive in the market
Many people are doing this in both internal markets as well as in exchanges. They say this is one of the great ways to create more Hive. I have not found trading very fascinating as it hasn't been very fruitful for me. Both trading and gambling are not my things and I just lose money there and don't gain anything much. Looking at how others are trading, it is very tempting. Maybe in the future, I would be interested in doing some regular trade in the market.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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Posted Using InLeo Alpha
