I already wrote in many posts that we shouldn't look at the dollar price. Including this post I wrote here as well : Stop looking at the dollar price, please !.
But in this post I want to give an exaample of what I was talking about to make it even clearer !
Talking about hive, if you look at it this year, so it's only growing in term of bitcoin price. From about 300 satoshies in the beginning of the year, till about 1200 satoshies now. So, it's already making 4x during about only half year. It's like 400%, do you understand that ? It's really huge comaring that to any fiat money and even if we talk about crypto.
Talking about bitcoin price it went during this time only from $30k to $34k now. So, you may say that if someone baught bitcoin 6 months ago he/she will make only $4k from that if it was sold now. But if someone baught hive with the same amount, he could make 4 times more. You see the difference now ?! So, that's what we should care about in fact. Not the price of hive in dollar.
For example if we look at the price of hive in dollar we see this picture :
So it went from $0.9 to about $0.36 now. We think that the price is going lower just because we think about the dollar price a lot. While that's not the most important because we should look at bitcoin price. Aren't we decentrazlied here ? So, dollar has nothing to do with this.
Let's now compare between both prices during 6 months :
Do you see how dollar price is so tricky ?! That's why it's better to not look at it at all, for a long term investor. We should compare hive to an other crypto, but not to any other fiat. Aren't we a crypto community ? So, why should we care about the dollar price in such short term.
If I was an investor, I would like to invest in hive more than I would like to invest my own money in bitcoin. Hive may bring me much more interests then bitcoin do. Shouldn't an investor learn from what happened with doge ? Could bitcoin do the same ? No, of course. But talking about doge it's late now to invest in it. The train already passed. But, hive is giving that opportunity to investors now. Especially with the value it's providing to people with the applications, communities and tribes. And even with the DeFi that started now with Leofiance.
So, we have always to look at the big picture of things.