In this video I discuss the recent pump in the price of HIve and what I think about it.
There is a reason why I do not put too much energy into these things.
▶️ 3Speak
In this video I discuss the recent pump in the price of HIve and what I think about it.
There is a reason why I do not put too much energy into these things.
▶️ 3Speak
My view on the subject is the same as yours. I probably would not know about it if I didn't see the posts on it. I actually miss a lot of the hive/hbd pumps and I only learn about it later from posts.
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Summary:
Task discusses the recent price pump of Hive, emphasizing that it is likely due to Korean investors and may not be a long-term breakout. He believes in the long-term potential of Hive as a multi-dollar coin due to its value as an access token tied to digital real estate. Task compares trading strategies with long-term holds, highlighting the importance of building projects like a company. He expresses confidence in the future of Hive's ecosystem despite the current market price not fully reflecting its value. Task values sustained growth and buying for the right reasons, emphasizing the importance of applications and the access token.
In this video, Task provides his insights on the recent price pump of Hive, an access token associated with the Hive blockchain. He acknowledges the excitement surrounding the increase in price but attributes it to Korean investors rather than a significant long-term breakthrough. Task expresses his belief in Hive's potential as a multi-dollar coin due to its unique value proposition as an access token linked to digital real estate.
Task distinguishes between trading and long-term holding strategies, noting the importance of considering projects like building a company. He mentions Tesla's price movements in comparison to Hive, emphasizing the significance of focusing on the fundamentals of a project rather than short-term price fluctuations. Despite acknowledging the unpredictability of short-term price movements, Task remains positive about the long-term prospects of Hive.
Furthermore, Task highlights the efforts of various stakeholders, including developers and content creators, in contributing to the growth of the Hive ecosystem. He expresses confidence that these collective efforts will eventually translate into a market price that reflects the true value of Hive, even though he anticipates a gradual process rather than an immediate realization. Task values sustained growth and genuine buying interest over temporary hype-driven price surges, emphasizing the importance of utility and real-world applications for sustained adoption and value appreciation within the Hive ecosystem.
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