Hive
Hive is currently trading at $0.58 per token at the time of writing this post down from $1.20 from like a month ago when I resumed my started my posting on Hive . A decline of more than 50%.
But this decline is all relative to the investor which means it is a 50% decline since I am taking price levels of a month ago but for the one who started when it was at 12-13 cents then they are up more than 400% still.
Looking at the chart by zooming out all the way is the best way to judge not just the recent price decline.
Pay attention to the leftmost part of this zoomed out chart. You'll see the same pattern that you see in the middle part of it. There was a high made then the price crashed, consolidated and then made new highs again.
Bottom . Where is the F# bottom, mate ?
In my personal opinion since we have successfully broken that good $0.8-$0.9 support area we have more room to fall.
I think bottom could be around 30-40 cents per Hive because Hive is a current for hive block chain not just a idle token. Less price will always motivate more people to buy more to increase their stake in the system and they are ones who'll benefit the most when the crypto markets recover.
I will start dollar cost averaging my Hive purchases if it keeps going down and will stop once price is stabilized.
I am planning to purchase more @steembasicincome units as well while the price is down. Honestly its weird that I feel more excited than not due to this price decline.
What are your plans with these price declines ?
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Take care. Peace out.
