BTC ATH's are cool...but HIVE being ~140% up in 1 month is cooler

in LeoFinance7 months ago

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What's the first thing you do when you roll out of bed in the morning?

Well the first thing I do is to grab my cell phone, log in to my favorite exchange and watch how do my assets perform, and that's before I even roll out of bed...just like a proper crypto junkie...

So seeing _green everywhere_today, was kind of unexpected. I mean normally some tokens perform well, some others don't there are big gainers and great losers each and every day. Well today wasn't one of those days...

There were big gainers and even bigger ones...

One should try really hard to find tokens that didn't perform well...

Hmmm..so this is how a bull market looks like eh?

So today's menu had a little bit of everything...

First things first: A new ATH for for the undisputed king...The truth is that at the moment even a small correction at let's say $45K would be a surprise. Ya, that's how strong BTC looks at the moment.

Food for thought:

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This is the huge hourly candle from 3 days ago. Price jumped from $39K to $43.2K which is a massive move even for BTC within an hour, but in order to get there 13.7K BTC changed hands which translates to 572.3 million dollars.

And this is another big hourly candle from today...

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This time almost the same amount of BTC changed hands ~ 13.4K but USD wise that's 55 million dollars worth of BTC more. And BTC moved only ~$2K higher.

What this means is that in order for price to rise to $55K or $65 which is highly possible, tremendous amounts of money need to be spent. A move to $65K would send BTC's market cap from 890 bill to 1.21 trillion dollars...so in order to get there new money should enter the crypto markets...and we are talking about a lot of money right there. Now imagine how much money would be needed to see $100K BTC or $150K as many people suggest...

HIVE


And this is HIVE's chart.

20210211 21_32_310.2286 _ HIVEUSDT _ Binance Spot.png

Since most people only talk the USD language, let's have a look at the Hive/usd chart. Like I said in a comment I dropped n someone's post I think, or was in on noise.cash, anyway, people start treating coins with respect when they are close to smash their previous ATH or when they go 300% in a couple of days.

I don't like that approach at all. When price spikes that much in such short period of time a couple of days later a massive consolidation is usually what happens next as there's nothing to back that price. Now if that spike happened with huge volume then usually retracement is smoother. Usually BTC is excluded from all those "rules"...

What I DO like though is the way HIVE's price is going up.

Smoothly and steadily...On January 8th it bottomed out at 10.4 cents and a month later it's almost 140% up...But nobody seem to care about that eh?...Well I do care.

And tokens with this type of charts is what I am looking for to invest my money in. I think that we are finally off the bearish channels d for the past 30 days Hive keeps making higher highs and also higher lows. There are a few spike too caused probably by whales that buy big chunks but the good thing is that every spike on that chart is looking north and not south...

We might have joined the bull party kinda late...but Hive is far from dead...and before you say anything stupid...it's not only because everything's pumping right now...

OK, I am gonna kill it here because...who wants to read boring posts when BTC is about to break its previous ATH which was...like 5 hours ago...right?

So, have a good one people
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Cheers.

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Cryptocurrencies are definitely our future. Good luck!

I'm doing pretty much the same in the morning... I sometimes check the market even at night if wake up with no reason.

I don't look to much at BTC's price tbh, mostly interested in alts and regarding HIVE it finally shows signs of growth not pumps like it had previously the past year.

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I sometimes check the market even at night if wake up with no reason.

Proper crypto addict too

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yep...

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Not rolling out of bed to check charts either, my phone is the first thing I look at when I wake up and when I go to bed - definitely a #cryptojunky - let's get it trending 😂

Hive is going up in fiat terms but it is also going up in BTC terms which is a "double hit" of bullish fun!

That's the most important part, the fact that we go up against BTC.

Trend that tag. Do it!

What's really intriguing about Hive's current bull run for me is that HBD has not gone back down to around $1 yet. It's stayed above $1 a lot longer than I thought it would.

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Same shit different day

A double in btc is now $100k that seems so mucg more difficult than hive to $1. Hopefully people see the value in our platforms because it’s drastically undervalued from what I can see.

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fingers crossed

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I thought this would take much longer lol. Missed some low price HIVE accumulation jk ;)
HIVE to the MOOOOOOn !!!!

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Wooooot!

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Crypto is boom boom boom these days.
Everything green green green
i always wonder, why i did not pay much attention to this a few years ago. But still i guess it's not too late

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What's the first thing you do when you roll out of bed in the morning?
Well the first thing I do is to grab my cell phone, log in to my favorite exchange and watch how do my assets perform, and that's before I even roll out of bed...just like a proper crypto junkie...

Same here.

Exciting times indeed. I knew this ship hadn't sunk yet and it's yet another sign that patience, persistence and hard work pays off in the long term.

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We are usually late to the party and this time is no different but it def looks promising so far

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I 'll take that everyday.
This blockchain has a purpose
when understand can change
the social media sphere for good.
Hope we do not walk away from it.

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I hope we won't walk away from it too

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Haha that’s the damn thing I do before even rolling out of bed too !
Also check the P2P price to buy USDT with my fiat :D
Hive have a good chance to outperform BTC this year. Definitely something that won’t cure my crypto junkie condition

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well well...seems like there are many addicts around here

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The adrenaline rush is too good haha
Let’s be very honest, I don’t have 1/100th of this excitement when I wake up to go to work :)

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Same morning routine here...

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Welcome to the club!

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it's almost 140% up...But nobody seem to care about that eh?

I do think everybody cares, even the ones with small stakes. I think it's refreshing that hive is not a community that instantly spams "To the moon, diamond hands!" when the price rallies. We all know that hive has it fair share of issues.

Still even with all the problems there is no reason that all of the sudden we can't get a million users, because we all got here somehow.

I hope with higher prices we see more users and development leading to a second (or first I guess) springtime for hive.

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I hope with higher prices we see more users

If you were here during the previous bull run then you know..if not, you wouldn't believe how overcrowded this place can be once price goes up

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I was there when it started to rally, I pretty much left right before the peek, but it wasn't such a ridiculous increase maybe compared to today, but it never really felt like there are too many users.

Check he data from Arcange and you'll realize how much many more users were around back then

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mhh I can only find the spanish numbers until march 2020. It looks like we went down from peak 70.000 to 20.000 . I would have guessed its worse.

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and that's before I even roll out of bed...just like a proper crypto junkie...

LOL, I can totally relate to this, we have been waiting so long for this to happen and it's a little surreal. HIVE is doing OK, but need to go up more..

Guess 3+ years of bear market left some scars :P

We will...I keep reminding people that they also need to buy more, if we only expect from outsiders to jump in and start buying like crazy...it just ain't gonna happen. We need to set an example...small chunks every now and then would work perfectly fine.

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i am so excited, one of the most undervalue cryptos if you ask me. More people should be aware and great marketing is needed in order to accomplish this.

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There is a proposal being made regarding marketing. Hopefully it ill get the necessary votes to get funded. Seems pretty promising...

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one sure thing the child rapists of the silicon valley, cia, fbi, dod, congress and co hate anything they can't rape... the fight is gonna be hard.

Shots fired !

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we will win... I love to see all the low iq brainwashed muppet using gab or parlors... they are so dumb, they can't get they could monetize their posts here... so low iq :).

for me the best way to make hive great is to have a ramp hive/btc.

I think this a good news for all the lovers of hive but I think is expectation that is making people feels hive suppose to be doing better than this..

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Considering that last time Hive wasn't around but it was Steem back then, I think we will do just fine

It's about time Hive got some love in this bull market rally. I hope it goes up and tests a dollar at least.

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It is a addiction.

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