HIVE Plunges to All-Time Low against Bitcoin

drutter (69)in #crypto • 4 years ago

As many cryptocurrencies continue to appreciate, HIVE fell to 0.134 USD today, and its lowest point in BTC (0.0000112) since the currency debuted in March 2020.

Anyone who bought HIVE with BTC (or other crypto) before today would have been better off waiting until now. I remember converting my STEEM over to HIVE during that spike on the chart, and gladly paid 3 or 4 STEEM for each HIVE. Now STEEM is worth a decent premium over HIVE. Woops.

But maybe this is a buying opportunity? Maybe all those of us who have owned or held HIVE until this point, and are now all underwater, can buy (or earn) more HIVE at these reduced rates, and bring down our dollar-cost-average? In time we'll know if today was the all-time bottom - or not.

HIVE has now fallen below #150 on the market cap list (it can now be found about half way down page 2).

For Sale: 10,000 HIVE

In related news, I'm looking for a new home for my HIVE. It has a nice back story. I started grinding to (painstakingly) earn STEEM back in 2017, then paid 0.2 BTC for ~700 of them in early 2018, and powered it all up. I worked for 3 years, providing daily videos, articles, photography, and other media for the blockchain, and manual curation of other people's posts and comments. I bought HIVE with my STEEM when the new chain was born, powered that up, and kept creating content. Counting all the earnings of myself, my wife, and our modeling team Girls of Green, and including the original 0.2 BTC I put in, our total value today is 1200 USD (current value 0.1 BTC). After 3 years of nonstop effort, we have earned nothing, AND have lost 50% of what we put in.

This is a long term trend that we don't see changing, and are hoping to get something of real value out of our 10,000 tokens before they lose another 90% (or before changes like regulations block me from using them at all).

I am unbanked and unsmart, and I probably don't want more cryptos, so paying me might be difficult. I am partial to unmarked twenties, silver bullion, and groceries. Willing to entertain offers.