Hive coin pumps 65% in value in 3 hours - am I dreaming?

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(Edited)

Is it a dream? My biggest cryptocurency holdings in my portfolio at present – namely Hive coin – has just had the biggest breakout to the upside that I have ever seen in this coin. In the past 3 hours the value has jumped by over 60%, while I sit and watch. The value of my portfolio just shot up by 60% and I am still delirious just thinking about it. Guys where are you? You should be on Hive platform.
Hive pumps 67 percent in 3 hours 15feb21.png
Hive is a revolutionary tokenized social media platform that pays bloggers and writers in Hive coin for every like or “upvote” that your post receives. It gets paid to you from the liquidity pool. No one loses their own stake or investment when giving out likes and Hive coins. You can only win in this system. This is beyond the comprehension of 99% of people, it’s too advanced. That’s why most people will miss this revolution. But not me.

You may have joined some other similar tokenized social media platform like Hive. There are one or two alternatives. But their coins are not moving in value, since they are new sites or are not up to the standard of the Hive blockchain, with its zero fees and super fast transaction speed of a few seconds.

I joined Hive in late 2017, when it was known as Steemit, and have been slowly accumulating Hive coin for the past three years. I wrote and blogged and posted articles of my original creative or educational content and slowly accumulated the few Hive coins for each post, based on whoever read it and liked it and thus gave me coins from the liquidity pool. And today I see my long wait paying off – big time.

All of us on Hive must be over the moon as we see price sky rocket to the moon today. By producing quality content, we are able to attract more readers and more upvotes, which equate to Hive coin and thus cash. When I joined, the coin was worth about $0.40. Before that it had already been as valuable as $1.00 and way more for a short while before that. But in my era over the past 3 years of the cryptocurrency bear market, I only saw the value of Hive coin dropping month by month.

Eventually Hive hit support at the lowly price of $0.10. Those were dry days, watching the value of my portfolio dropping like a hot air balloon in the Antarctic. It was a deflating experience. But then the bull cycle arrived, with the Bitcoin halving in March 2020. Bitcoin began to climb in price, as it was expected to do when supply is halved. Hive lay dormant though and stayed at its lowly support level. But recently – just in the past two months, it has been showing signs of life, as price started picking up again.

Most of the altcoins (alternative cryptocurrency coins) have been climbing in value too, and now, just today, I see Hive have a breakout that will go down in history. All this while my writing has been bringing in Hive coins, which are all staked in long term investment in the Hive platform. This is how one secures better upvote payouts for each daily post.

Three years of almost daily writing and publishing have gone by, as I grind out original creations from my fertile imagination or storehouse of knowledge. And out of nowhere today my accumulated stack of Hive coins has just jumped up 60% in value within 3 hours. I can only sit in awe. The harvest time is arriving.

Of course, I won’t get too euphoric just now. Firstly there is usually a pull-back in price after this kind of pump. Price may not stay so highly valued. However, this pump today may also be one of several more to come. We are still at the start of an entire year of bullish cycle in the cryptocurrency sphere. I envision Hive going to at least $1.00 again. Beyond that, I dream that it will return to $7.00 but that is just a dream, which may or may not come true.

Miracles do happen, especially in cryptocurrency. Bitcoin is proof of that. And it’s not magic, it’s math. It’s written in the code and is predictable. Analysts knew this year would be the year for prices to pump, as they do every four years after the bitcoin halving, also written in the code that is the architecture of bitcoin.

The curious irony is that there are probably less than 1 million people in the world that actually use the Hive social media platform and thus accumulate Hive coin for their efforts. We are the few smart ones that knew a good thing when we saw it, even if it was years ago. We waded through the dark night of the crypto bear market with patience because we believed in the value of the project.

I tried telling my friends who live on their legacy social media platforms but they were seriously skeptical of bitcoin and cryptocurrency. The quantum leap in technology was too much for them. Such is the way of innovation. You can’t sell anything that is too ahead of its time. The masses won’t buy it. But a few geniuses will, and I did. And now I sit and watch the explosion of money flowing out of this volcano on the blockchain platform and smile as it spews into my wallet, thank you very much.

I may sound like I’m gloating but after 3 years of waiting, I feel entitled to celebrate today, for a little while. Nothing is certain, and price may retrace and correct back down just as fast today, but it will probably not return quite as far back down, keeping some of its gains made here in this pump. And then in time later this month and all of this year, it will make further identical pumps, and thereby slowly take the ladder up in value, step by step.

I may be speaking to those already on the inside here, but I’m also talking to you who are not on Hive social media platform. Where are you guys? Why are you wasting your effort on those old mainstream platforms, or even those smaller under-performing mirror images of Hive? Of course, there is always the possibility that your cryptocurrencies will also breakout to the upside by 65% in 3 hours, so look at Hive and you will know what to expect. Hive is setting the standard. Crypto community, our time has come.

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19 comments
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Crypto is fun when it starts going up, downswings not so much, keeping with one place like Hive where you meet amazing people who are committed to keeping this space open to ideas and growth, yes I agree it is great to see!

@tipu curate

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Lol yes, let's celebrate Joan, we need any bit of good news for a change nowadays. As they also say - everyone thinks they are a genius is the bull market cycle. Let's hope Hive keeps up this momentum.

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Slow but sure growth always better than the pumps and dumps around, people definitely going through FOMO with much happening in cryptocurrencies. Let us hope on social side Hive is finding good footing.

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The more I use Hive , the more i love it and feel it is ahead of its time and surely must go viral at some point. Also I foresee the price going beyond $1.00.

Posted Using LeoFinance Beta

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Hive will grow, each time one sees something new it is adding to the value. Kinks are being ironed out with onboarding and helping new arrivals all the time, good indication of communities working together.

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Yes I dream of seeing hive go viral, but I think the block is that one needs to know about and be confident in cryptocurrency to enter the hive ecosystem. The learning curve for people who need to find out how to open an account at an exchange to sell their hive tokens into fiat - that is a hurdle for some.

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Where there is a will there is a way with learning, many made it this far and I am sure the younger generation will become more interested going forward, it really is not going to go away.

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(Edited)

I dont understand all the different lines and stuff on your chart haha, but thanks for showing me that site! its really awesome to help me watch the stock prices. Wish i woulda pumped more money in, at the market low yesterday... I dont understand stocks/markets.. so idk if that matters haha

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All good buddy, the site tradingview.com is where we can track all the prices of stocks and metals and crypto. It's a crucial site to use. The rainbow lines I have on my chart are all indicators of price averages over specific periods of time. Just below that in green and red are the volume levels of how many people bought or sold for each period of time. At the bottom of the chart in purple is another indicator called RSI (relative strength indicator). It shows the general trend of the price movements. All of these tell us a lot about the general trend of the price so that we can time our buy and sell.

I learned all of this technical analysis, as it's called, from watching and listening to others on Youtube videos or websites. There is plenty of free info.

Not to worry, price of Hive will probably keep going up for some months. You can still buy and make profit in the coming months.

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Are you investing/buying Hivecoin? or Hive stock? I am considering buying 8k of HVBTF.. let me know what your amateur opinion is haha. I feel pretty good about it, because Hive seems promising.

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I have earned my Hive from writing over the past couple of years during the bear market. Nevertheless Hive is showing signs of life in its price growth this year, so although I'm not qualified to give financial advice, the chart looks like it is entering a bullish growth phase long term.

I'm not sure what HVBTF is? Apparently alts like Hive are set to be big gainers now, yet I still balance my portfolio in BTC ETH and HIVE.

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(Edited)

HVBTF is not like investing directly in the coin, but is instead investing in the company that is Hive.Io
Which I perceive to be as, not investing in the blockchain and its bi-product(Hive) but instead investing in the infrastructure that invests itself in the blockchain & miners.

Someone could correct me if I'm wrong, as I havnt invested anything besides my $195 initial purchase of LiteCoin and buying hive with that.
My account says it’s worth $260 :) and sometimes $320

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Aha that's interesting, I haven't heard of investing in the Hive.io company itself. As for your account wallet value - it may fluctuate as the price of Hive token fluctuates. That may account for the variation.

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Really glad i did my first and only hive purchase at 13 cents a few weeks ago...now my hive is worth more than my bitcoin which i invested 3or4x the amount, crazy

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