OK, this is Getting a Little Surreal!

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(Edited)

Anyone with a decent stake in HIVE is going to be thinking just the same as me, especially if they were late getting on the boat.

…'just what fuck is going on?'…

I only mentioned to @tarazkp yesterday about $2 votes, and then I wake up early to pump @bingbabe's tyres up probably waking all the neighbours up with our motorized tyre pumper-upper device and notice HIVE is now pushing 62c.

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It all seems a dream to me. For two years I have waited patiently, building, writing, and creating for this day to happen.

We see huge spikes, and then a fallback to less than the original base price, and then rinse and repeat.

We all know we can’t just ‘cash out’, but I tell you it’s a really great feeling to know that after waiting for so long, things are happening.

From today everyone will be seeing an increase in the USD value of general posts on your feed.

Is this what it was like in early 2018? The value of STEEM was $4 - $5 then but I had a stake of just 81 STEEM and that cost me several hundred dollars.

What get’s me is that all this has happened in the space of several days.

1685.JPG

Just last Wednesday I folded at holding out on a buy order for HIVE at 1635 Satoshi’s and placed it what I thought was a much worse deal of 1685.

The order was filled in minutes and I had another 7450 HIVE which was powered up with whatever rewards I had to boot.

TodaysPrice.JPG

Today I see HIVE is trading at 8269 Satoshis, and the volume has increased significantly on Bittrex. Most of the trading is done on Huobi Global.

…’is this going to last, or is it just a pipe dream?’…

What could possibly happen within another FOUR days? The price of HIVE could revert back to 11c, or could it?

Nothing lasts forever, we all saw that in December 2017 (though I had no stake and was not even born on STEEM), so I am going to now revel in my dream for however long it lasts.

NoLiquid.JPG

HIVE is quite a tough sell for us stakeholders. Yesterday I noticed rewards were now being dished out in HP/HPD, and NO HIVE.

We can easily trade that HBD – HIVE but it kind of seems like a poor deal when it’s less than 2 HIVE for every HPD when just a few days ago it was more like 6.

BadDeal.JPG

Are we now going to have an influx of new people who are chasing the riches?

People tend to look at the figure in the bottom right corner and the larger it is the more they think they can get it by doing the same thing as the post in question did.

BigMoney.JPG

We all know it doesn’t work like that, but I would still expect more new people to join now, albeit for the wrong reasons.

What are you all going to do? Sell, or stake and keep reaping the benefit?

800pxYellow_Lamborghini_Gallardo_edit2.jpg
Source

Having a big number is all very nice but that is not going to buy you that Lambo is it?

If we could only buy cars with powered up HIVE, would you?

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  • Earn Passive Manna by simply signing up for it here. Mannabase is a Universal Basic Income Cryptocurrency
  • Earn STEEM and digital cards while playing STEEM Monsters, the best game on the STEEM Blockchain here.

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If you found this article so invigorating that you are now a positively googly-eyed, drooling lunatic with dripping saliva or even if you liked it just a bit, then please upvote, comment, resteem, engage me or all of these things.



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Keep an eye on the bull run, hopefully will secure Hive at a higher level.

One never knows the 2017 run with BTC was impressive, remember the pull-back adjustment has taken a long time to start an upward trend again. When reaching what you feel is a peak, recoup some of your investment, never all, since who know where it will go, IMHO....

@tipu curate

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(Edited)

Thanks for the tip @joanstewart :) Looking at your account I can see you have seen all the before, the envy is real! I missed it.., far too late as usual.

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Been burnt a couple of times too many with crypto, really put caution to the wind now... Enjoy the roller coaster ride, got with the gut feelings, ignore FOMO.... Have fun!

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(Edited)

Back in the day when Steem was 7$ I had 15k Steem Power, couldn't do anything with it, it was all locked. It was insane watching all that value drop very fast soon after, all I could do Is say "Oh well, maybe next time". Waiting that next time still, who could of predicted that the value will come on different chain. Crypto is never boring and never predictable.

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Crypto is never boring and never predictable.

You're right about that, though all the other coins are not doing so much right now.

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I think my powered up hive can buy two tyres for the Lambo 😄

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You just need to chat with the car dealership then, those tyres will come in handy!

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I sold my liquid but I did it yesterday. (too early) sold at $.41 . I'm kicking myself but I know in my heart that if I hadn't have sold it would have dumped and i would have lost. I earned .2 btc and have 4200 hive remaining. I'll take it because I don't think this will last in my opinion but I hope it goes to the moon.

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I earned .2 btc and have 4200 hive remaining. I'll take it because I don't think this will last in my opinion but I hope it goes to the moon.

With what @nickyhavey just told me, I'm a little deflated now. You have more BTC than I have ever had.

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Don't be deflated, if you believe in Hive long term and the results at the beginning of this fork are pretty great then there's no need to be deflated! If nothing else, once that Hive does get dumped on the market, there'll be people like us looking to mop up and put it to good use by curating content and engagement!

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Like, seriously, this is unprecedented! I have very little liquid and the curie leases I have give 7 hive per day plus whatever the posts get (but now in HBD, which I'll probably hodl, the HP part gets powered up obviously) - every time I sell, the next hour, another 500 sats in the price of the coin!

I can't help but feel there will be a crash/correction after the Huobi airdrop and things will go down again, to the 10 cent level? Probably not but this is around the price of Steem when I joined in March 2018 when I had even less than you haha!

Enjoy the ride!

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Promotion Period: 14:00 23rd April to 14:00 28th April 2020 (GMT+8)

Hmm, I can see this and I guess people are going to dump, that's a shame. My pipe dream was good while it lasted.

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I'm still a believer! Long term always wins out and I'm still targeting Orca and then eventually 100k... It's good to dream!

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yeah, I think this caught almost everyone off guard! I predicted price to drop to 5 cents a couple of weeks ago... But I think we will definitely see a correction soon with bitcoin going for a dive. At least that's my 2 cents :)

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This is for real! And I only wish it continue to pump. I jumped in to steemit late and struggled as it stayed bloody.

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This is for real! And I only wish it continue to pump. I jumped in to steemit late and struggled as it stayed bloody.

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I think my account value went from 300 euros to 1500 euros haha :p

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Just what the hell is making this happen? I've had to sell of a bit of Hive (and Steem) for economic reasons, but kinda wish i hadn't, never mind. Good times!

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Selling STEEM is always good, it's a kind of stable-token at 15c-16c. HIVE is crazy and unpredictable.

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Aye, it would seem so. I didn't think it would be though

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I would keep an eye on the huobi promo end date... These promos always boost the price and then plummet it down afterwards!

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Yeah, aware of that now. Hope some of it sticks, I think it might.

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(Edited)

Something's not quite right with this pump.

It's maybe what 95% manipulation and 5% mugs.

Still, I'm sure some of the price increase will stick, which would be nice!

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That was my initial guess, and there’s probably a few million been deposited, but not at these prices.

It’s just all the fork history, JS’s chip, I can’t help but think this is manipulation - how much can wash trading pump a price?

TBH I just don’t know.... I should be thankful for the 15K I bought in over the last year but of course I’m gutted about the 5 K I didn’t buy in last week.

Funny how crypto does that to you!

Up even more now.... I could pay off half my mortgage with my current stake. You can’t be that far off an actual Lambo by now?

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Up even more now.... I could pay off half my mortgage with my current stake. You can’t be that far off an actual Lambo by now?

I'm talking to the Lambo dealership as I type about trading powered up HIVE for that classic yellow one over there in the corner. They are giving me strange looks.. what's that all about?:)

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Hopefully Hive will stay buoyant so you can afford to pay for all the pot hole related damage!

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The lambo closing is the right thing to do for this post :)

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I hate cars, I wouldn't buy one, thief magnet!

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Those cars keys are not as safe as the crypto ones :)

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You need a garage for that.

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I wonder: is Justin buying or what?

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Is he planning to centralize HIVE as well as STEEM just to piss us all off? The level of drama on STEEM has gone to almost zero, I wonder what he is up to?

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I wondered this too..

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I don't know the answer to that, but I know that I would if I were him, as a hedge on the Steem bet.

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There are little cabins or foreclosed properties that cost between 9k and 50k.

I'd prefer not to pay rent if I have a choice.

The trick of it, and the resilience of the economic system seems to be the 13 week powerdown period, which means any exit needs to be spread out over 3 months of a sustained rally, hopefully catching some kind of peak in that rally.

Coingecko shows the history of STEEM indicating 2 sets of peaks.

  • July '16 to August '16, before dropping back down to pre-moon levels. Most charts aspire to have this sort of launch hype moon.

Staked people are going to miss this one, or catch part of the tail, before consolidation at previous levels. Solution here would be to power down immediately, and then sell off with a certain level of rule -- ex: Over .30 cents -- if you believe it will drop down to .12 - .23.

Wouldn't be able to sell off completely, I'd guess. Would be able to increase holdings, likely faster than you could do just by keeping powered up.

That being said, I've only been powered up for a short time, so I'm not even certain the month to month implications of that in terms of earnings for orca - marlin levels.

  • June '17 to August '18 there was a sustained above $1, and an ATH, which correlated with the peak of the crypto markets in Jan '18. The mythic $8 high of STEEM, and a few smaller peaks like $2-$4.

The way to go here would be to try and get a run of 3 months that were all sustained above $1, and also included a smaller peak, and the best tools for finding those peaks would be correlations with peaks in ETH and BTC.

.:.

BTC

The Halvening comes up next month. Rainbow Log Chart shows the historical prices of BTC in relation to the Halving events.

Prices are low, and there is a speculation of a dump at the halving, followed by an extended bull run period. Using that chart for pacing, including the 3 month power down window, there prices for BTC would need to be around "HODL".

No way to know when the next peak is. I've been watching a lot of people talk about it, and looking at a lot of conversations on Reddit.

People imagine it will be 6 months after the halving [June '20 to November '20], and one of the confident btc talking heads mentions Dec '21, which looks like the Log Chart.

.:.

ETH

ETH 2.0 Beacon chain is being launched in July '20, and there will be a very expansive hype period.

The first rumor of ETH 2.0 that I'm aware of jumpstarted on 1/1, which lead to a 120 to 280 bull run, shortly before the collapse in March. +2x. The rumor was not substantiated, and if you look at ETH charts, you see some kind of level happening there around 280 - 340.

Sort of like above 340 ETH are the peaks that correlate with the $2 peaks for STEEM during that time.

Once people can Stake ETH for POS people with money will move in and defi will expand.

.:.

July '20 to Oct '20 -> Dec '21 is the shared window between BTC Hype and ETH Hype.

Beyond that, there is also a time context, based on when you bought in, due to Long Term Captial Gains being a tax exemption, and that requiring funds be held for 1 year or longer.

Up to ~52k can come out per year at 0% taxes, if you own a house source on tax rates.

.:.

Fundamentally, we also have the highly correlated drop of Stonks with the cryptomarkets, back in March -- and the speculation of unprecedented debt via infinite quantitative easing, the collapse of Oil, as well as a re-ordering of powers in the global economy, and an economy that is demonstrating record high levels of unemployment.

Couple those fundamental economic issues with basically incompetent leadership.

.:.

If I had to write a story about it:

I'd get Donald Trump to be shat on by the US elections in November, giving him between November and February '21 to basically dump the shit out of economy and stock market long enough to get out for himself and his cronies. -- Dump on the Dems coming in as soon as he's aware that he's no longer responsible.

Mnuchin and the whole Infinite Quantitative Easing and that congresswoman who sold off before Coronavirus.

USD probably in for a Shit winter in '20. Recovery might begin afterward. Probably a loss of global economic stature.

.:.

Personal Speculations and Conditions for myself:

I can pull out up to $52k by April '21, and buy a cabin to live in, and pay 0% in taxes on those gains in 2021.

In order to do that, I need a 3 month period of sustained elevated prices, including a small peak. Historically - sustained elevated prices are $1-($2 through $8).

So, I'd say the first opportunity for that exists around July '20 - October '20. Power Down July '20 - August '20.

I'd guess a systemic collapse triggered when Trump loses personal accountability for the election, but long enough to where he can blame the Democrats -- so I'm Bearish:

  • May '20
  • Dec'20 - Feb '21.

Could be a re-entry point for long term stake?

Long term stake which would be holdings that are over 52k in gains value would be a highly useful thing to have as a component of a long term personal economic tool in a depression 2020-2023?
[Basically using HIVE by Staking and Posting and Curating, and not as a speculative asset.]

Which means there would be a period for re-accumulation with potential for an ATH whenever the next BTC one pops off. I would use the Rainbow Log for timing.

I would suppose that the next exit would be May '22 for another $52k assuming there was an ATH by Dec '21, which would be a power down around Oct '21.

I would suppose the question at that point would be something like "What can you buy with up to $52k each year with USD that you couldn't buy with BTC/ETH/HIVE, that would be worth more than holding / staking?

.:.

I'm open to additional input.

Thanks for helping prompt a response here, It was cool to lay it out and organize my thoughts a bit.

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I'm not sure what to say to this, I'm not American so I cant relate to some of the things you say, but it's worth a comment vote for sure!

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Yea - I think the short version is I don't think we're at selling position yet, because ETH and BTC are not correlated with HIVE pump at the moment.

All time highs have historically had correlation.

Also, US Tax policy brings an interesting dimension to things, concerning long term capital gains.

Pulling 52k in capital gains at 0% tax after 1 year.

vs.

Pulling 52k in short term capital gains at 12% tax less than one year.

That's a 6k cut to the government. Pretty good incentive to not pay out more, consider rent is about 6k a year for a room.

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This is not just a pump anymore, this is a serious bullrun if you ask me. I have the feeling it's one of those times a coin are capturing a seat among the other top coins.

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Woohoo top ten, we have seen it with some others, why not?

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The momentum us there. Anyways I'm preparing some now to tskea bit profit home. I brought 15 cents so taking Atleast 10k home to repay my expenses would b nice. Hopefully the price won't turn down within a week haha

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The potential is there honestly. This moment is insane.

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I'm all powered up, so playing the long game. I did the same on Steem as I care more about the success of the platform than what I make. I want millions to have some benefit from this. I'm just not sure how we make that happen, but a higher price may attract more people. Of course some will be after the quick buck by whatever means, so we need to be vigilant or Hive could become another Steeming Pile.

I'm not that bothered about cars, but I'd like to replace one of ours by an electric car. Could get solar panels on the house too.

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The abuse is going to step up, I will poke Anthony. We need him back.. I did poke him a few days ago and he's still about.

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(Edited)

I am just powering up. Until my tax case is solved, I am not going to consider it of any value. I am glad as it will strengthen the image of the platform and hopefully bring some people here that are not only greedy, cheating bastards and boring investors. I am here for the long haul to promote my projects... and to have a good time.

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I am glad as it will strengthen the image of the platform and hopefully bring some people

Me too, some good creative ones would be a breath of fresh air. I feel I know just about everyone on here, it's that small in terms of people.

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I have a brother and a daughter who made good posts who both consider to come back. Also some friends. I will try to get more people here now that some of the drama has disappeared (temporarily I suppose).

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I feel I know just about everyone on here, it's that small in terms of people.

¿Huh? ...erm nope @slobberchops. I'm willing to bet you don't know 'everyone' on here just yet. :)

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in early 2018? The value of STEEM was $4 - $5 then but I had a stake of just 81 STEEM and that cost me several hundred dollars.

er, did you just have bought your steem for fiat? did I understand you correct?

sorry for asking things not directly connected with your post, I am curious as I m not a native speaker,what is a "pipe dream" ? looks like a good idioma for me.

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I did buy almost all my STEEM for fiat, and in March 2018.. yes I did. A pipe-dream.. is wishful thinking.

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thanks! I supposed it might be like that.

haeray.jpg

never invested myself any fiat into crypto (yet)
only my life time ... and a lot of investments into lens arsenal.

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I don't know if the volume created by Huobi is legit, but I started a power down just in case the pump is getting even more absurd, so I can take some profit into Bitcoin and buy some Hive back if/when the price action calms down.

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(Edited)

Yesterday I noticed rewards were now being dished out in HP/HBD, and NO HIVE.

90%+ of the time, I skip the 50/50 option and go the pure HP route. But if there was a HBD spike like when SBD went crazy, 50/50 would make sense.

Edited to add: Strange. My settings default to 100% HP but several of my recent posts are showing up as 50/50. Huh? Have we lost the ability to choose between the two options?

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Amazing isn’t it?
It’s exciting.
Not sure how to capitalise on this...
It’s very confusing to know what the actual hell to do, even though we’ve all waited for this pump 😆
Like you say, we don’t want to miss the boat in scraping off some from the top to cash out, but who knows where the top is??

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The dump comes in 36 hours when the Huobi promotion that caused it ends.

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Lots of my followers (and I) have posted charts this past week that look outdated by the hour as HIVE motors to new highs.

I'm happy I got 25000 at around 1500 sats, but flip me sideways, I would like some of that to still be liquid right now!

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I saw your big powerup. Pablo tells all every day. Nice one!

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Oh yeah, I made his list for the first and only time ever! :) Cheers!

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I bought almost 5000 Hive and wanted to power up 100% first. Good thing I didn't make it after all and can sell a small part. Maybe you will actually have the possibility to buy cheaper in the future.

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I'm getting 2017 feelings from is, massive alt increases that are seemingly unjustifiable, delusional to a degree. Then, a few weeks later BTC followed.

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yes, reminiscent of the steem peak... someone give me a big upvote man ! haha

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I’m HODLing forever ..... since June 2017

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Are we now going to have an influx of new people who are chasing the riches?

Already seeing it now. New users, old users spamming 10+ posts a day to every community out there. This is the time for all members of the platform to start policing as a community to prevent bad behavior so that the value of Hive can remain where it is or go even higher.

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Please come to the Hivekeepers discord channel, I know it's going to happen and there's a bunch of us in there who flags these kinds of idiots. If you see them, then tell us.

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What get’s me is that all this has happened in the space of several days.

I did warn you - over and over ;D

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Holy cow, you have a $100 post! I can't even imagine. The price is is looking at .91 right now. It will probably be way down by the time i write a post tomorrow and collect my rewards. This is awesome though. I hope binance lists hive soon. We could see $4.00!

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Holy cow, you have a $100 post!

I have never had one before, it's all new to me @bozz. Is this what it was like in December 2017? I hear the tales.

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Huge FOMO here, that's for sure! Buying HIVE for STEEM seems like a bad deal at these prices, but is it really? Or is it just that the memory of a more equal HIVE:STEEM ratio is still so fresh? :D

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Or is it just that the memory of a more equal HIVE:STEEM ratio is still so fresh?

That memory is going to take some erasing. I have a power-down turning liquid later. This time it won't be for HIVE. I was lucky on the 22nd when I got the last stash of HIVE, I'm usually not lucky at all!

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Good for you! I have gambled on HIVE going even lower for a short while, but I clearly was wrong :D I've not been lucky this time, but we'll see if some trading can compensate for my mistake :-) Cheers!

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I only have a small amount of HIVE, but yeah it's exciting and surreal. This should be motivation for many people to come in and at least try it out.

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It was nuts back in the day! I was telling everyone and their uncles too. I was small but had a generous delegation from @fulltimegeek. I had a 3 buck up vote at 100%. Talk about being able to make a person's day! Im not sure if it is here to stay or not, but this is what I always knew Steemit could have been without Ned constantly selling and never delivering anything! Enjoy the ride!

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Talk about being able to make a person's day!

Its a good feeling, knowing you can bestow something like that upon someone. I know there will now be a pile of 'new people' and returning ones with $$ in their eyeballs.

I'm not one to ignore them all. If they can do what HIVE wants, like write, I'm happy to give them my vote, especially when it comes to buildings that are falling to bits!

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What a horribly written post. Spelling errors, grammar errors, no sense of direction, sentences with disjointed thoughts crammed together, and some images stolen from google. Wow. Shameful this got on trending!

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I am a bit pessimistic. I suspect it is just a pump. But I am not too worried about that since the dollar value of my stake is pretty small (even if it would hit 2 dollars :P)

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Just a small Competition launched on Huobi changed a mood of maaaany Hive users. Since today morning we can also trade HIVE on Binance, which is also a great information for us and milestone for the whole project.

I do not want to play a prophet and kill a vibe but I feel that this price will crash soon. Competition on Huobi is open till 28.04.2020 so probably we can expect a price drop in next days. Also as history shows, after listing new coins on Binance, in the early days we can often see pumps & dumps.

Anyway, I was extremely happy to see that my long effort with promoting underground electronic music finally get rewarded. In the past, I heard many times that I am wasting my time for few cents and bot-comments, but anyway, this is behind me and I am happy about the vibrant music community and results of my work.

At the moment I am going to sell some hive assets, with intention to buy it again later and cheaper (obviously if my strategy will succeed).

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It's exciting, reminding me of 2017. Unsure if it lasts or not but hope you get a chance to take some profits! They're well earned.

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(Edited)

It's obviously amazing to see the rise in price, but it won't last. I think it's way too early for Hive to climb this much. By the time I write this the price of Hive has declined a bit and the price of Steem is rising. Really cool to see these highly rewarded posts though! :)

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