Once again, hive seems to be recovering and there was a time when everyone was waiting for 20 cents, not that this is impossible, and cannot still happen, it didn't get to that before it started recovering.
Now, this on its own is a win. I've seen a lot of Bitcoin charts and permutation and it's mostly asking people to brace up for 10k BTC. Well, since this is preparing people for worse-case scenarios, I think it sells #FUD to many as well who are diligently holding and maybe make some others hold their buying order since it's been predicted that BTC might hit 10k.
Well that's all there is to Bitcoin, isn't it? "Buy and sell, repeat" But this feeling hasn't been reciprocated on hive, I mean it's one of the first bear market where people haven't really budged, despite the external concern about crypto, it's future due to the prospective capitulation of centralized exchanges.
I mean what if we finally begin to recover and another FTX-like issue happens and send us tumbling down to the region of 20 cents? This is a possibility, I mean crypto is entwined, we cannot overrule another billion dollars hack or another billion-dollar lending scheme, where an idiot is in charge of people's money and probably gambling with it.
Since we've begun the awakening, we're expecting people to be more conscious of their money, but I mean... After Do Kwon, SBF happened, it's scary to imagine if we're getting to get a tipping point before centralized exchanges begin to get hit with regulations.
Well, we might just be paranoid and only think the worst will still come since it feels like we've been dealt a checkmate. But then, on the positive side, this isn't happening at the moment and I think it's important to bask in the way hive has been holding up nicely against the carnage that's been happening in the cryptosphere for over 3 weeks now.
I don't think I own any Bitcoin, but some people here do and surprisingly some of these people are only hoping their hive-based assets do well over time and are hardly worried about other crypto assets.
Why?
Hive is multidimensional, and the asset ownership and methodology are arguably the most sophisticated in the crypto space. The way the assets are entwined with the projects and the style of ownership is peculiar, this is why most people are diligently holding on to their assets flipping HBD for more hive, making smart moves, keeping the money in the system, and growing it. Now the price movement seems to be positive again for the past two days, I know that this might change in the coming days, but then it hasn't.
It's time to bask in the fact that we're not tumbling down and there's even the #fomo of not missing out on the hive price at this enviable figure. Now I think this movement will probably encourage more people to buy or hold as well as flip more of their stable HBD for hive and this is because, in crypto, the psychology is that buying an asset that's positively moving irrespective of the price is the right thing to do.
I know I might be way in over my head, but there's nothing bad about enjoying the little wins we're seeing, irrespective of being stuck in the bigger loop.
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We are living an exciting moment. But do you really think HIVE is not going down the 30 Cents? It is only around 10 cents to be near the 20 cents. Who knows? The only true this exciting moment will be remembered as another opportunity in some time ahead.
In the meantime, we need to generate more coins...
Thank you for sharing!
In the post I said many expected maybe 20 cent in order for them to buy but it never came. So people are waiting and willing to grab at a cheaper rate.
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Hive is one of those asset that I don’t play with, even as I am in need of money I can’t sell it and I prefer selling other assets to fill the need. Hive is a good price at this price
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Absolutely right bro. The reason why I agree is because the more we have now, the more we can accumulate in the future. Omo, I'm also not selling at all.
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I’m not quiet sure whether to call the believers of a 10k BTC FOMO FUD creators, but they sure have a lot of technical analysis and price action history to back their claims. I wouldn’t be surprised to see a 12k BTC. 10k would definitely surprise me, only a little.
I like how HIVE still runs active as ever despite this bear. It’s like no one really cares about the price right now because we’re almost sure there’s an exciting package for us once this bear is over. Let’s just hope another FTX doesn’t happen again because God knows we’ve suffered from all these scandals.
Me, I can’t seem to leave any HBD in my wallet when there’s so much cheap HIVE to grab. I’m hyped for the future!
Well inasmuch as this can be technical analysis, I think 10k BTC will subconsciously create FUD BTC also has this sentimental value we attach to it, so people need to see and believe that intrinsic value even when the price is down in order to invest on it.
I like the aura and the feeling hive creates irrespective of the Price, believe me, it wasn't like this before.
I think HBD and hive will always create a dilemma.
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good points! Hive is definitely a good buy at these prices with all of the things going on. ALmost every day there is a new project it feels... 2023 should be great
Exactly, it's a good steal at the moment, and I can't help but think before that 2023 will be a good year.
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I think we've had enough of FTX, Luna situations this year, I hope we are not going to be hit by another surprise crashing the market further down.
Hive is holding well fairly well in this case while HBD is proving to be the stablecoin we can rely on in times like this.
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Hahaha everyone is mostly tired of the FTX and Luna situation, and sincerely I'm really happy for HBD many people would have been in panic mode at the moment if not for HBD.
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Assets like HIVE and Bitcoin are purely speculative, pumping and dumping on nothing more than... well speculation!
If people are after a more stable choice however, it might be worth checking out CUB at these prices and staking them in the Cub Finance Kingdom.
CUB's stability comes from the fact that it acts more like a classic, revenue generating business than a speculative asset.
The platform generates revenue via the MTB and uses it to buy/burn CUB - Stabilising price as a result (remembering that the lower price goes, the more CUB the protocol can buy/burn).
This type of asset won't generate the same upside returns during bull markets as say a purely speculative HIVE or Bitcoin will.
But they are certainly safer during bear markets like the one we find ourselves in right now.
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I really like the new model to be very honest. Because whatever way it is, the buys continue, either cub is cheaper or costlier, it's either buy less cub or more cub. So it's of course expected that we're going to have a certain kind of stability. We have something decent in cub I hope it'll realize it's potentials.
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With everything happening, Hive is one asset that I don't think will be going away anytime soon. The FTX contagion has affected a lot of crypto projects and it's going to be painful for those that you don't know whether or not they will survive. In a way, Hive is continuing to build and it's a great asset to have.
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The usability of hive and the utility plus the projects we're building here gives hive the extra value we're building beyond the Price. I'm hoping this is the bottom and we can mostly go up from here.
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It might seem hard to break free from the bigger loop, but Hive is doing well within the loop. I feel like the price fall to 0.33 cents was a great opportunity to buy Hive before the projects within the ecosystem take off. The timing is perfect lol.
It actually got up to 38 cents in the wee hours of the morning. I think it's improvements. It's the right asset to own considering the model. The timing is perfect indeed
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This is the time I expected the bull market in hive 🤦🤦, but then, we have been stucked in 0.3....cents for ages now 😂
I have come to understand that hive is a good coin with bright future amdist ups and downs and that's why I will keep accumulating it in my capacity now that the opportunity presented itself.
It's been a win win and I know the bigger win awaits us if we tarry
We might still be stuck there for one more year or even more, or we might gradually creep to the 0.7 or 0.8 before the end of next year. So it's going to be long, the advantageous aspect is that there's the opportunity to get cheap hive at the moment
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Are you for real joe?🤔🤔🤔
Well, I have done this prediction twice and I ended up 95% right. So I think it's what it is, don't fret, it might be sooner, but around that time
Okay Joe
I love this info right now
A shift in My mindset...I will balance well and keep hiving
Ahh ahh, it's the same old, stick in there and accumulate
I should convert some of my second layer tokens to Hive and expect a bigger opportunity on this Blockchain as I wouldn't want to be left behind the train. Lol
Hahaha smart decision there if you ask me, I don't know if Hive will go lower, but we cannot tell
Its unpredictable when it comes to stuff like this but it's necessary we plan ahead and get prepared for whatever happens.
Yea, I agree with you bro, hive is multidimensional. You own your hive and you see your progress not investing your hard earn funds to someone who isn't a trade genius. Well it's crypto anything can happen but it doesn't apply to hive.
Well it might, just that it applies differently, so here we are.
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Hive is very well thought out, I like that it has use cases and that money does not leave the ecosystem. We really do have a lot of potential.
Exactly, it's potential is enormous.
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I find this article interesting. What we have here is a good asset. I also appreciate other links of post you added, they contained valuable lesson.
Thanks for reading through then..
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Based on the graph, it seems that Hive is trying to break through the 0.4 resistance. I personally hope that it will break the 0.5 resistance and become its support before the year ends. 😊
Anyways, I'm in for Hive more than just the market price. 🙂
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