History In The Makeing

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I think I'm not the only one to think that HIVE is not like any other crypto token and that happens for a good reason. We know the platform and the token inside out and value if accordingly, but not as we value other assets.

When investing in other tokens, we usually look at the fundamentals, after which comes the technical analysis, which decide where and when to enter the market. Knowing TA is a big help as it can save you from buying at the wrong time.

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When it comes to HIVE, TA is not always helping or should I say it's not there yet.

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Trading HIVE is not a problem as lower time frame charts like 4h, 1h or even lower that that can be read nicely, you can spot divergences, apply indicators, all you need to see if it worth to take the trade.

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That however can't be said about higher time frames. This is the weekly chart and as you can see, we don't have much to work with here. We have two green candles and three red ones for the last 5 weeks and that's all. No higher high or higher low, it's still printing.

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I don't even what to look at the monthly chart as there's nothing to look at. We have two candles, one green, one red and that's all.

I forgot to tell you, that at this point I don't think it's healthy to combine the past we had on the other chain whit what we have on Hive. It would be deceiving. We have a new life now and HIVE needs to print its own chart.

What is interesting about it is that we can all witness how history is made. We know or we think we know how those candles are printed and we have some explanation about what made the price go up at certain points.

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We know someone (smart I may add) bought around $14 million worth of HIVE on the 6th of October 2021, investing 285 BTC. There has been a few moves like this over the past few months, but other than that, the rest is quite normal.

In time, when we're going to have more candles printed, it will be easier for others to do TA. Yes, I said others as we don't really do TA or rarely as we mostly focus on accumulating, because we know what we have in our hands. We know we struck gold at the earliest stage possible, that will be worth a whole lot more in the near future.

Taking profit is going to happen soon as we're waiting for the last leg of the bull run to happen, but with HIVE ... we don't know what's going to happen. It is just guessing as TA doesn't help much at this stage.

I was wondering how this chart is going to look in 5 years. How we are going to feel looking back to the beginning of the chart and knowing that was the period when we doubled our stake due to the airdrop we got on Hive. How we are going to feel about the period from April 2020 to November 2021, when HIVE was trading under $1. There's a high chance we're never going to see HIVE at or under $1.

Every crypto holder is dreaming about getting in early, buying the bottom, which then can worth millions one day. We didn't have to buy the bottom because it was airdropped to our wallets, for free. Are we lucky or what?

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Really glad that I was able to stake another 2k Hive in early October instead of making a foolish trade with it!

Crazy, I didn't know someone bought 14 mil Hive for 285 Bitcoin lol I know that must be old news since that tweet was from October but that's awesome. Some of these whales are pretty intense! I just hope we can keep governance the way it is, meaning an exchange doesn't try to start up a witness the way they do on EOS. I think with the last round of JS activity, that didn't go over well so hoping that nobody tries such a move again.

It's good to keep doing what we're doing, looking to innovate where we can but also keep consistency. Consistent messaging, consistent development. The rest, including lots of people, will come in their time.

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Well, we have 20 consensus witnesses, the only reason someone would mess with that would be a takeover, as it's happened before, but I don't think it's going to happen again.

This platform has value because we do what we do. Look at steem, what has become.

Accumulating now is crucial as it's going to be more difficult in the future.

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Yeah I know we have the consensus witnesses and all that, just hoping that we can maintain our independence from the shenanigans that go along with sketchy stuff like that.

Accumulating Hive is definitely getting a bit more difficult! I think with the coming HBD spending sinks as well, it's going to be tempting to spend a lot that comes in. I've shifted my Splinterlands strategy to spending my HBD on the in-game stuff instead of Hive and I think that's worked out fairly well for me so far, let's me keep my Hive separate from my spending money.

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There's a high chance we're never going to see HIVE at or under $1

You’re most probably right

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I find it amazing how Hive jumps back up every time it gets below 1,50 $… it’s incredible stable, especially the lower “border”. I am impressed, and with all that is going on with 3speak, Ragnarok, Vybrainium… I expect it to rise above 4 $ before the end of March 2022

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One thing with Hive is, the price always form up and down. It hard for Hive to form a structure. We are expecting it to get upto 2 dollar.

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(Edited)

I think we disagree on that as all the asset prices go up and down as that's how the market works and that's how it forms a structure.

I'm expecting HIVE to go way above $2 as we're in the last leg of the bull run but we'll see. Time will tell.

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