Everyone is focusing on how bad the Crypto market drop has become. However I would like everyone to take a look at the two charts below.
I joined Hive 1 year and 1 month ago. I have always invested for the long term not for the short term quick profit, get in - get out. I am what you would call a long-term investor.
Being a long-term investor, I tend to look at information that spans more than a day or a week or a month. I look at hodlings in terms of years.
Hive
One year ago today, Hive was trading at $0.371924 per Coingecko.com and today's price is $0.356493
Hive is down 4.5% for the year. Even though everyone states we are in the middle of a crash, I don't see it.
Being down by 4.5% for a year's worth of accumulation is not bad at all. I have added a lot more than 4.5% to my Hive hodling over that time period and plan to add a lot more over the next couple of years as well.
Bitcoin
One year ago today, Bitcoin was trading at $40,624.51 per Coingecko.com and today's price is $22,627.88 Bitcoin is down 42.1% for the year. This price drop is clearly a large one.
Tale of Two Coins
Bitcoin has always represented a "Store of Value" for most crypto investors. But being down over 42% when Hive is only down 4.5% tells me a different story.
Maybe Hive is the new crypto "Store of Value" coin. Which one would you rather be holding for the last year. Hive or Bitcoin?
Let me know your thoughts about this and share if you focus on long or short term prices.