Hive In Beast Mode
Hive over the last few days has proven one thing the last rise was not a pump and dump. Since August we have seen some weird price actions which resulted in small marginal gains. The price we jumped up from was around 83c and two days later is still roughly up 20% which is not that normal considering what we have seen thus far. This is excellent timing and could not have asked for a better move at this point in time right before a bull cycle for the alts.
I didn't see this coming as having Hive at $1 and remaining stable is a perfect launching platform for what surely lies ahead. When the alt coins finally explode Hive has already done a remarkable 713% this last year alone. Any normal year besides a bull cycle year we would be ecstatic already, but we know there is more in the tank with what we have.
The 90c looks as though that is the new resistance point which is fantastic and honestly hope it stays like this. For Hive to be somewhat stable at $1 when we have seen many of the alt coins tanking and only starting to recover it has given Hive a head start. My portfolio is down due to the dip so the 20% gain Hive made is more like 40% compared to the majority of alts. Funny how people look at a project once it has more value and surely this will be the case with Hive. People wont buy it at 20c or 80c, but now that it has a $1 sign in front of it it will grab more attention as that is how humans operate.
We all know what we have here and what Hive offers so this is no surprise to any of us as it is fully deserved. The Bull cycle is going to be more and more interesting as anything is possible now from where Hive is now sitting.
When I saw the latest pump I thought we would climb from 83 c and come back to around the 88c region as this is what has happened for the last 3 or 4 months. Small increments of growth and this one being 20% is very welcome.
Roughly around two weeks away for the regular Korean pump that happens in the first week of every month (very welcome) it will be a good time to watch what might happen this time around. As I have said before I have never experienced a bull market so I literally have no clue what is even possible but a $2 or $3 Hive would seem rather disappointing after what we have seen thus far.
We see others calling for 10x or more and Hive will get there at some point even without a bull market just by what we have being developed. We don't need the pump and dumps to be relevant as over time Hive will gain in value as more and more see what we already know.
The more I see of what is going on the more bullish I have become and never for one moment doubted the success that is coming to this block chain. The best thing we ever did was move over with the Hardfork as it has only proven how much everyone was being held back. Big things lie in stall and all we need is patience as good things come to those that wait.
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We have long expected this and we believe that it will rise further in coming months
Hive 2$ is very possible, hive is growing everyday. Hive rankings have also increased which shows power in health community.
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$1 seems to be holding pretty good. Would be great if that would hold as the ultimate support for years to come.
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I was thinking the same thing if that could be the support for now and not for years as that is too low. Way too low as we have much more to offer than just a pump for the bull cycle. I can see at least 2 or 3 x this as being the support next time around.
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I hope you are right. I can still remember people in 2018 saying Steem will never go under $1 and we all know what happened.
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I remember that all too well. I think this is different though and maybe wrong as there is much more here that is sustainable and expect it to continue growing. The community on Hive is not like others as the majority were here when Hive was 11c or whatever the low was and have stuck with it. On the other blockchain we had thousands abandon it because of price and look where we are now. I don't know how many users we have but it is a decent number which grows organically as very few are leaving. The retention levels are way better it seems now and that is a strong sign for stability.
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The funny thing about Hive is that if it reached as high as $10,would you start powering down and sell?
I doubt it. You of all people.
We're too invested!
No that is not an option as you are right I am way too invested and see the stake as the value. This is long term and $10 may seem like a lot, but not life changing so the passive income is the ultimate goal.
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Would be interesting to see if we can hold the $1 range till the year runs out.
$1 is great but honestly would be disappointing as if the alts go up so should we and who knows it could be December or January but expect a gradual rise across the board. The first week of December will be interesting with our monthly pump courtesy of the Koreans as how much resistance can there be left up to the $1.50 level as we have been hitting 1.10 regularly. Very little volume has moved the price from when they first started 4 months ago and has gradually become easier to manipulate. That same intensity starting at $1 instead of 80c could make a big difference this time.
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It's nice to see Hive going up. Seeing all those recent projects on the blockchain is awesome. I am really glad to be part of it.
I see DEX tokens using a section of seed funding for a sell wall. I wonder if this could be done with Hive as well so that stability at $1could be built on.