Hive dumping hard!

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I was overly optimistic yesterday

Only yesterday I posted that I was impressed how Hive was holding strong during a drop down. But my words weren't cold yet and it was already diving down harder. Now I am not a technical analist, so I only check charts with sentiment and a little knowledge, so my analysis was clearly not correct.

Knipsel.JPG

Hive is now at 60 cents, which is still way higher than it was months ago, but still we lost 33 % in value in one week. So that's not really positive. But I am not jumping ship, to the contrary, I see this as an opportunity to accumulate more. As in the long run I am still very optimistic about Hive and its price.

So don't worry, this is just a small setback, at least I hope!

Sincerely,

Pele23

Posted Using LeoFinance Beta



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9 comments
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hive always had to be quite volatile, that pump of weeks ago could not last too long, I suppose that many benefited with that increase in its price, even so it is still low and accessible to buy

Posted Using LeoFinance Beta

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It's just a healthy correction on the way to $1.5 Hive (and more) in my opinion.

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I hope you’re correct!

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The good and bad thing about Hive is that it is so decentralized that any pump up sees a big sell wave. I think Hive goes up to $1.20 - $1.50 soon though.

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Its was down to $0.50 today, it might be a good buying opportunity.

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All the alt coins are falling rapidly today, its not just hive. We can't help that when negative sentiment hits altcoins hive is taken down with the tide as well.

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