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RE: What do you do when Hive pumps?

in Proof of Brainyesterday

Power down is totally against my beliefs at least for now. I am a bit worried with the huge amount of powerdowns in the last 3-4 weeks. Why? first it means that the current price of hive is purely by speculation, there aren't more people using and more hive staked. It got attention from people that didn't know about hive? Yes, but only people that are trading. My goal with hive was always to become a society utility and that's not what happened, and with more power downs it means that hive is turning into a trading token only, like a memecoin perhaps (maybe I am too apocalyptical here). Anyways, of course that I try to take advantage on that good moment with Liquid Hive, using even swap.hive that I had in LPs. But my goal is always bring back this hive ...for example all the hive that I had in LPs I sold for 0.63$ and bought again by 0.58$ (I could have waited a bit more but it is ok). I didn't bring it back yet since there is a good stake in finance for a good APR, and also wait a bit if there is another pump. If not I will bring back to the blockchain, put back in the LPs( the exact amount that I withdrew) and power up the rest =)