My Hive account worth is more than 10,000$

By Bala | Bala | 22 Mar 2021

This is the very first time I'm seeing such huge value. My account has never crossed 10k until today even though it had lots of pumps in the past. Today after looking at the price of Hive crossing 50 cents, I'm able to happy see my account value going over 10k. Recently Hive completed one year after its launch. There was always FOMO about the pump of Hive tokens. I don't see this has a pump exclusive to Hive alone. I rather see this as a good season for many altcoins.

The price of Bitcoin is also a contributing factor. Whenever the whole market is green, this usually happens and a few coins cross their threshold and start pumping. There are also groups that do a pump and dump game as well. One good thing about Hive's pump is that the price had been very consistent for the past few months. Ever since Bitcoin started pumping, the growth was very consistent. I'm glad that I purchased some Hive when the price was very low.

I have to definitely share this, I spent all my BTC holdings and bought Hive when the price was around 17 cents. I never expected BTC would go very high after that. If I have had those BTC holdings with me, I would have made a lot more money today due to the pump. Even though Hive has pumped and the price is looking attractive, I couldn't make a good profit out of it yet. But if I compare it with just the USD value alone, I should say that it was a decent investment and the returns were good.

Hive is not alone in this race

Along with Hive, I noticed that Steem was also pumping. Today I happened to see the price of Hive at 85 cents. Right now the price is at 72 cents which are also very nice. I'm still wondering what is making Steem have more value than Hive even though in all ways Hive is better than Steem. I will not believe the fact that Hive is priced low just because it is a forked coin.

I will not be very happy to see Steem hit 1$ before Hive picks up in price. Maybe there are more people trying to keep Steem's price high compared to that of Hive. I remember once when Hive's price was very high compared to Steem. That was also when many people sold their Steem even if it was low and tried to grab some Hive out of it. I did not make use of that opportunity and I was just observing.

Now after looking at the price of Hive, I'm very glad that I was able to purchase some hive when the price was 17 and 20 cents. I guess I even bought a little when the price was below 14 cents. I will not be selling any of the Hive holdings anytime soon but good to compare the price and know that it has turned out very well. I'm hoping to increase my stake in Hive and be a long-term holder but at the same time take some small profits now and then. Good to have it as a good passive income source in at least another 5 years down the line.

I hope 50 cents hold strong for another few months and I'm surprised and glad to see many people purchasing Hive at the current price. This gives a lot of hope. We will need a lot more people from the FIAT world to invest in Hive.