So some whale offloaded big on Hive today, well thank you!

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A spike and then a dump

This scenario has happened a few times lately, Hive moves up on big volume and gets thrown up near the 2 dollar mark, and then there is (probably) a whale that takes advantage of this situation and dumps a shitload of his coins in the high volume market. A correction is the result. But we have seen too, that Hive recovers quite well from these dumps. And that’s because Hive has got the momentum. Every new project attracts more nee users and makes more minnow accounts. And that is the best part of it. We need more smaller accounts and less or smaller whales. So, when this happens we should be thankful, it makes the platform more and more decentralised.

Stronger Blockchain

So, mister or misses whale, it’s your right to do this and I am watching it with joy! You’re actually making the blockchain stronger!

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I expect this to happen a few times more in the coming months, and it is a great opportunity for swing traders. But believe me, I am Hodling strong, and accumulating even more!

Sincerely,

Pele23



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I believe it's mostly the Koreans pumping and dumping HIVE.

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Not so sure it is entirely that, the extreme drops in volume make me think there are whales involved… I could be wrong

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The strong ower of whales right? We all feel the impact whenever there is a move.

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Yep, but remember, it’s a good thing in the long run!

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The more the whales dump, the more distribution HIVE will be to the rest of us. After all, it is usually transferring to the smaller accounts trying to build.

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Hive pump came from koreans throwing a tens or hundreds of millions at Hive backed dollar interest rates and then came news of an airdrop. That combined with fact that there is not actually that much hive being traded on exchanges. It doesn't take all that much to move the price. If we can get some decent demand with decent money Hive could reach 8-10 dollars easily. Not sure it will come though.

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Where do you get that information from?

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I see it opportunity to buy some more hive. Even it is dump by a whale, I am sure they will pump it again and make more profits next year. I hope hive can stay stable around 2$ at least.

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How about sub $1.00? Would be a steal if a deal.

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Of course that would be a steal, but it is surely possible. Never rules such things out in crypto... Anything is possible!

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