The State of Hive in 2024: Still Undervalued

in #hive-1679226 months ago

It’s 2024 and Hive is still undervalued

2 years ago if I woke up and saw the chart of Hive as I did yesterday, I might have gone into a shock or back to a sleep I’ll never return from and I’m not even joking.

Two years ago, a crash like this might have sent me spiraling. I would’ve obsessed over every lost dollar. But now, it’s different. Now, each drop is just another Monday. I don’t even know if it’s a good thing or a bad thing. The chaos of the market has become music to my ears, and I’ve learned to dance to its tune.

Some Markets Are Obvious

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I’ve been watching tons of videos on margin trading and futures. I like margin because you’re borrowed money to leverage with, unlike futures where your collateral is your collateral, I won’t mind delving with little collateral and growing it up, my TA is still bad but some markets are just too clear to trade, like this one. Or like longing ETH when it went to $3100 few weeks ago.

Or like now when the price of Hive has gone drastically low, it can’t go much lower from here or maybe it will but for how long, that’s the real question. For me it’s how I’ll source for capital to buy this dip. I’ve thought and thought and thought, I’ve thought about selling my phone, but it’s the only gadget I have.

Every fiber of my being is screaming to buy this dip, to seize this fleeting opportunity. This dump is a hidden blessing, a potential goldmine for those with the courage and foresight to act.

Just imagine, the potential turnaround when Hive bounces back. Each coin purchased now at rock-bottom prices could multiply tenfold, a hundredfold. it's a calculated risk, an educated bet on the market's inevitable recovery. The question isn’t if Hive will rise again, but when.

I’ve found myself in this situation too many times low on capital and I wonder if I’ll ever get the chance to maximize the potential of these mouth watering dips. For those who can, cheers to your future winnings bro.

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The Future Is Still Decentralized

Wheww it’s 2024 and Hive is still undervalued. 🤦🏽‍♂️
The world is still hooked up on centralized social media platforms and wannabee web3 socials. Most people are still sleeping on the fact that there’s an option where people can actually have full ownership of their profiles online and have access to other financial services.

Anyway it’s 2024 and many parts of the world still thinks Bitcoin is bad for everyone and should be banned despite all the adoption and ETF approvals in most powerful countries in the world, as if that was not enough, an alt coin, Ethereum has also gotten its own ETF filings.

Bold Moves for a Bright Future

Crypto is no longer something in the shadows, it has become a technology that has grown into real world applications that has real impact on our lives.

Imagine a world where your social media activity isn't just another data point for some corporation to exploit, but a real, tangible asset that you control. Hive makes that world possible. It’s a game-changer in an era where data privacy and personal ownership are super important.

But okay.

those who are in the know understand its true value. The market might be slow to catch up, but when it does, the payoff will be extraordinary.

Thanks for reading.

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The one thing I have learned , is that something can always go lower, so, if you are buying the dip, my plan would be to deploy only a portion of your capital. if you are right and it bounces up, no worries, pick up some more. You miss a little profit, but that's OK, plenty of opportunities...always.

If it falls some more and you still have conviction, good news, you still have some cash to buy even cheaper

Don't be afraid...

Yes the bear market for Hive is long, it seems to still be a lot of sell pressure which I find strange, for me it would hurt to sell large amount at those low prices. Well if the price stays like this for another year, I will try to increase capital deployment in HIVE and LEO but it is still sad to realize that this investment is doing considerably worse then I would have been holding only Bitcoin. I can't believe we are still too early on this tech, either that or we are falling behind. Time and the Market will tell.

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