If Hive's price remain at these levels, this is what comes next...

in LeoFinance7 months ago

I don't know how many of you are familiar with @penguinpablo's tool but it's probably the only website that I am aware of that contains info about the internal median price.

OK, OK..most of you know what it is but there are also people around here who have just joined Hive and have no clue why their upvote value is worth 10 cents and a couple of days later it is worth 15.

I am not going to delve into details and will try to keep it as simple as possible so that everybody can understand it.

So here's a screenshot from @penguinpablo's website.

20210215 21_54_49Hive Now.png

This is the way Hive blockchain calculates the internal median price.


So what is internal median price? It's Hive's average price for the past 3.5 days.

As you can see 3.5 days ago Hive's price was ~22 cents (first blue dot on the left). You can see the price swings every one hour if you keep looking at the blue dots from left to right.

Right now, and after Hive's price surged to almost 43 cents, it seems that we have temporarily found a new floor at around 35 cents as displayed from the first dot from right to left.

And the green line you see right there is the average price of the past 3.5 days which is 24 cents. Now if Hive has indeed found a new floor and its price keeps moving around the 35 cents area you should expect a massive increase to median price, as the past days will no longer be part of the equation hence they won't affect the median price.

Why should you care?


Because a jump from 24 cents to 35 cents will affect almost everything.

First and foremost your upvote value will go 50% up. So if at 100% VP your 100% upvote distributes 50 cents, 3 days down the road it will distribute 75 cents.

Think of it as if you powered up another 50% of what you have already staked. Only it is free!

What this means is that the payouts on your posts will also change exactly because the upvote values from everyone who voted on them went 50% up too.

You will also be able to cast a 50% higher downvote in case you disagree with one's post rewards.

Speaking of downvotes...


We've been through a lot of shit for the past 3 or so years. Empty promises from Steemit.inc...incompetence...false expectations...Justin Sun...Hard forks...before we finally leave everything behind and have our own decentralized shelter.

A fully decentralized home where everyone can freely express their opinions.

And we deserve to see some Hive price appreciation.

So the following days and if price keep cruising at the same levels or even higher we could start seeing 3 digit post payouts on some of the most famous and talented authors' posts around here.

I just hope that we won't crawl back to the old ways...which ways? The "look at him...his posts payouts are always so high...why him and not me..." ways...

If you want to earn more, try harder...in the meantime instead of wining about other's people high rewards..advertise it on Twitter...or better yet on projectBlank which is about to be released in a few days...

Last thing I want to see is downvotes left and right just because someone made a few $$$. We've been here posting for $1 - $5 (half of which are going back to the curators) the entire crypto winter...that's 3 long years...so embrace the upcoming change.

Use it as an opportunity to advertise Hive ecosystem and show everyone out there who constantly look the other way that Hive can be their shelter too. Especially to those that get banned on other social media platforms.

As I've said many times before, I was around this place as a newcomer when the previous bull run was in full play and I've seen the magic in holding HP...

You will only believe it when you see it...

Have a good one people.

Cheers.

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It feels good to see the jump Hive is making, and I really hope that it can keep it up this way, because I think Hive is undervalued, still. But despite that, the development never stopped. So time to embrace the bright future ahead.

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Feels good to have people with experience around. So many have left, so few are still active. I have concentrated on reading and upvoting daily. But oh boy, my fingers are itching to get back in the game. I remember the times when I got rewarded with over 1% of the Steem inflation, while the price exploded. Zero experience made me not sell my Steem back then. I thought I would be living of passive income forever. At least I stayed and used the time to accumulate all the new kids on the block like LEO, Splinterlands, dCity and so on. It has been so much more fun to be here on Hive now, even at all-time lows. Much more going on, way more sophisticated interfaces and dApps and generally a much nicer and more experienced community. Can't wait to see what it will be like this time when Hive goes up, up, up.

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One can not simply leave HIVE, they go on fishing expeditions and always come back. With the possible exception of ONE person maybe.

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Experience and strong bonds with everyone that stayed around during the crypto winter is probably the most important thing. Prices will always go up and down...it's a loop...only this time you know pretty damn well what's you're gonna do

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It was about time... I've also been around for a long time, I owned steem when it went up to $8 and didn't sell. It is very relieving to see the price of hive finally go up, it's hard to keep motivated while we've been going down for the last few years

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There is a lot happening and in the works.

There is a lot of uncertainty in life but the future of Hive and the price of the token is not one of them. It is going to appreciate great as development rolls out.

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I know mate...maybe this time is different

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Lol I remember those hateful days, I used to just think to myself why is this person getting so much votes, but I was super new at that time and didnt realise it was their hardworking and network over time that resulted at such,. I hope to see one or many of those multiple figure rewards on my posts 😁😁

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I am sure the higher we go the more chances you have to get to the 3 digit realm

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Honestly, the long term trend means this price is nothing.

I am firm in my belief we see much higher levels. Hive is going to be one of the most widely used blockchains in this industry. We can count on that.

The last 11 months saw a great deal of progress, much of what was overlooked by Steemit Inc.

This time, we are taking change and making a difference.

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I'm right there with you!

From what I've seen so far, the potential here is huge! The upcoming projects are gonna take Hive to another level

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The new applications are setting the stage for greater usage. It is going to be fun to watch what is released.

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We are on the same page. Feels great to not have a CEO eh? Especially an incompetent one...

From time to time I think to myself how many great things Steem would have achieved if that clown had done their job right...

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It just shows how incompetence can sabotage even the best of ideas. Where would this be if half of what was accomplished in the past 11 months was done over the 4 years he ran the show?

We would likely be a top 10 chain in terms of price since we might be the most heavily used one.

Alas, we can only go from the point we are at.

Time to play catch up ball.

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So the following days and if price keep cruising at the same levels or even higher we could start seeing 3 digit post payouts on some of the most famous and talented authors' posts around here.

I've been dreaming of that for three years. Been in the situation of saying look at him, why him not me... Maybe 2021 will reward me better. It's in the hands of curators after all.

I believe HIVE's recent price action is not just a pump and dump and it's actually the wake out of the hibernation.

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I believe HIVE's recent price action is not just a pump and dump and it's actually the wake out of the hibernation.

Well, we shall see...the following hours will be crucial...

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Hive is extremely undervalued. Time to Buy!!

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Always a good time to add some...I guess you missed the 11 cents opportunity eh?

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Very useful stuff, thanks for breaking it down mate.

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Always a pleasure bud!

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Thanks for that explanation. I always knew the vote value went up as the price increased but had no idea of the math behind it. :)

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It's really simple actually. I know most people don't care about that stuff but it's good to have some answers when people outside of Hive have questions ;)

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it's good to have some answers when people outside of Hive have questions ;)

Exactly! I have had a couple people ask me about joining from my interactions on noise.cash. I realized how much I didn't know about the sign-up process and how it had changed since I came on board almost 3 years ago.

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Pretty good to understand that anyone who's earning now totally deserves it. It's not easy to be build all through the bear and not enjoy the dividends that comes with the bull. Pretty much I think there won't be downvote wars.

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Fingers crossed mate...because when money talks...people become greedy and hateful

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Let's see the bull run last long. Hope that we won't have a very high sale pressure from people that don't understand Hive!

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I am afraid about those who DO understand it...

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That would be insane! But you are right some top earners are milking it hard, that is for sure. I've checked yesterday trending on peakd, which I seldom do. Not much changed from Steem as there are almost the same people and the same high voters pushing them.

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As long as they keep producing good content and don't kill their rewards I am fine with it...

Back on Steem...it was a mess...Right now things look way better

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They look a little better, for sure and I'm not speaking of the guys who post also on leofinance.io just in general the trending is influenced by ranch...

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Hear hear! Exciting times. And an interesting read. Thanks for pointing out the median price effect.

I had to do some clicking around to find out what you meant with pablopenguins websit and how to find that graph. I love Hive-now and use it almost daily but never noticed the price at the top right and that it was clickable.

Awesome feat!

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Sure he has done a great job.

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He sure has. One of my favorite devs out there!

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Oh I dunno about DVing I think we need a little drama.

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Oh just wait until price goes 2-3-4 x from here and you'll have your drama...

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Ohh I just can't wait!

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i knew about his tool but never knew about the median price hive price graph. i always used a curl command to the hive API to get the median price....

im very excited about the price hike ^_^ hope it stays up or moons

Fingers crossed that this is gonna be the time...I mean if we can't catch up the top contenders this year then be prepared for a new crypto winter...

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Many people become FOMO and other weaker hands sell out. It's perfect because it's a natural selection at high speed.

I can imagine 2 months from now 1$+, or even higher if I compare to some useless defi tokens with 1B MC.

and we all need to understand the following.

2 months ago someone could have invested x amount on Hive. The price back then was 10-12 cents. So he could now see his investment increasing 4 times as hive reached 41 cents!

That is big. It doesn't matter whether btc is first or is close to 50k. If you have invested the exact same amount of money let's say 1 month ago in both coins, you would have 1.75x increase from bitcoin and 3.41 from Hive ;)

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I totally agree with you, brother, even I received two trails votes that I've received before this pump in the Hive price and the difference in rewards is just amazing!

I was receiving $8 in rewards from the first trail and almost $18-19 for the second one, now I did receive the same upvote for both projects, the first one gave me $12 in rewards and the second one gave me $25 in rewards.

So, this is a huge opportunity for people to keep creating to earn more, to keep saving and holding Hive to see their accounts become really powerful, I know that this pump is not a coincidence, I think that we probably are going to see another awesome pump like Hive had in 2020 when it was born.

I think that it won't be crazy if it passes its ATH of $0.91 before April, don't you think?

Keep working and keep growing! Good vibes from Caracas, Venezuela.

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We are up a few %, but personally I am still down nearly 95%. I have put in 0.2 BTC and 4 years fulltime effort and my 100% fully powered upvote is now worth a total of 7 cents. Who's votes are worth 50 cents? Somebody who put in 3 BTC and 10 years work?

Oh, right.... somebody who came along last week and put a few grand down to see what would happen.

If only I had never heard of this blockchain, I'd be very well off right now.

Oh and I bought BTC with HIVE last night, first time ever after holding out for 3 years of nonstop losses. Like minutes before the massive spike. Maybe I even caused it.

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Oh and I bought BTC with HIVE last night, first time ever after holding out for 3 years of nonstop losses. Like minutes before the massive spike

lol...what a timing

If only I had never heard of this blockchain, I'd be very well off right now.

Cmon bud...don't be bitter things will play out well this time. I am still down nearly as much as you are. My entry point was 1.6$....imagine that

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Haha very true, at least we are alive, and have our basic needs met, and have a tiny crypto holding. The next big bull cycle will start to make things feel better. It has been a very long 3 or 4 years!

I think this is the last time we're seeing Hive below $0.3 and expecting to see massive moves in weeks to come. Bitcoin is leading the market so It's nothing unusual seeing alts bleed.

Fun times :D

This is what we've been waiting for, the floor is lava haha

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Such posts are always useful when status quo changes. Even if we know the details behind, sometimes they escape our focus. Thanks for the reminder!

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Well said that man!

We also have additional H-E tokens/communities that can be more rewarding anyway so you may only have 5cents on your HIVE post but go to a community tag and you have $10 or more if you got curated... didn't have that 2+ years ago!

Let the fun and games begin!

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That!

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