RE: Was that the bottom for HIVE?
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That HIVE chart looks a lot like typical chart of a shitcoin. Shrugs... When development team and their minions stops pumping the value up, it sinks like Justin Sun's credibility.
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What are you implying? That HIVE is simply a pump and dump and on the way to deathville?
What I'm saying is that the chart implies people think it is worth a lot less than the peak value during early days of listing... Using my own classification, it is still "strong sell" when it should already be "strong buy"... Essentially signals say it should uncontrollably sink like K-141 Kursk...
Target price?
I think HIVE should be worth about 20000 satoshis minimum... But the risk is that it will crash to about 200 satoshis instead...
Where do you get the 20000 satoshi number from?
When I was actively trading Steem, I did put buy order at 17000 satoshis... Assuming HIVE should be worth more than Steem was at peak, it should reach 20000 satoshis...
STEEM was worth well over 20000 satoshis at its peak... just a few years ago in 2018 it was worth more than 60000 satoshis and it was worth even more than that when it first launched back in 2016.
I'm not saying HIVE should always be worth 60000 satoshis, as then it would be "strong sell" like it is now... I meant it should be worth at least 20000 satoshis, no less... At around 20000 satoshis it would be between "weak buy" and "strong buy".