Where do u get this from? $10 figure I mean? I sounds pulled outta thin air? $3.33 was a pump and there for a day. The high outside that one week period was closer to $2.00 and minus two weeks $1.50. I’m in Hive for the long run and believe future is bright but I don’t see $10.00 Hive coming any cycle soon. $2.00 next five years I do see.
Side note if Bitcoin didn’t boom 20K past couple months Hive was heading for .25 cents easy. I think the expectation above is way far outta in the next 5 years. I respect ya a lot so just wanted to know about ur perspective as m this.
Perhaps $10 is too optimistic, but I figure since the bottom was $0.10 and top was $3, now that everything appears to be at least 3x, the bottom at $0.30, the top would be at least $9.00. More accurately, a "correction" would be more like $3 - $4 with $10 near the top. I believe this is what we could expect a HIVE rally to look like.
If BTC does what some people are saying, it's not impossible to see $100 HIVE, crazy as it sounds. But imagine how crazy it would sound to someone in 2012 that BTC would be +50K, they'd laugh. Nobody thought BTC would ever be worth more than $1000 and most (yes most) cashed out when they saw that "magic" number. Those who sold at $1500 boasted they sold at the peak. There are so many stories of "I would have been rich if I didn't sell my BTC". I'ts going to be very tempting to sell HIVE if it reaches $1.00. Especially tempting if it reaches $1.50.
Thank you. I can be optimistic to a fault some times, so bear that in mind. :-) I wouldn't still be on HIVE (when it was STEEM) since 2017, if I thought $3.00 was the true top value... I would have cashed out then!
That's quite possible, I was still blogging when HIVE was less than $0.10. I just kept blogging and stacking, and who knows, we may see something like that again. But the reward is with those who profit from the dips and valleys, they earn while it's low and hold while it rises and sell when they feel it's reached it's maximum floor.
With people loosing confidence in their paper money and looking for somewhere to preserve their buying power, crypto is one obvious answer. If there is an economic "event", it will be a "perfect storm" where people will scramble to ditch their failing fiat. HIVE will likely ride that wave up with many of the others.
As always, not financial advice, perhaps some fantasizing, but the trend and history is very real.