Really?
Folks! Seriously, this is not our first rodeo. Yes, Hive token is new, but it is not that we don't know the drill. We have seen the last alt-coin rally. I remember I first bought my Steem at $6, in Jan 2018! I don't have that anymore, now all converted to Hive. But hopefully most of you remember something similar. My point is yes, after a time, which felt like ages, Hive is finally rallying. Just like there wasn't too much of a reason to complain about the lower prices, there isn't too much to celebrate about 'slightly' higher prices either. We need to look forward to much higher prices! MUCH!
With that said, I am off my soapbox. After ages, there is something to talk about regarding the price of Hive. We all have been patiently (some rather less patiently) waiting for the bottom to form, and it has. It is now more relevant against USDT simply because, now, a stable-coin pair is more widely available on popular exchanges. Also price of BTC is high and transactions are slow, therefore, it is much easier to trade alt-coins against stablecoins like USDT, BUSD, etc. Remember that wasn't easy during 2018!
Hive has a relatively short price history since the hardfork from steem, but never during its 9 months of existence has hive put it 5 big green candles in a row with substantial volume support. We now have a solid rounded bottom around 10 cents, which will likely hold in the next forseable future.
Even against the mighty BTC, we begin to rally. You guys must realize, how hard it is for any alt-coin to rally against BTC, when BTC is pushing all time high almost daily. That is the fundamental argument of most BTC maximalists. It is card to catch and keep a alt-coin gain against BTC even during a raging bull market in crypto. That said, times have changed somewhat. During 2017-18, I was hard pressed to find any non-BTC altcoins pair that has any meaningful volume. Now that is not the case. Both Binance and Bitrex have multiple stablecoin-altcoins solutions. I think that is a great new for most small trader. As they can trade and collect gains in USD pegged stable coins. The above Hive/BTC chart shows a higher low, which is holding for now. This has never happened before with Hive. So let us forget our differences, and focus on the projects at hand. Let get the name out there.
And Oh! Please buy some hive and power up! :)
Cheers!
Disclaimer: This is NOT professional advice, this is all just my own opinion and experience. I am NOT a Certified Financial Adviser. Consult professionals for any financial, accounting or legal related questions you have.
Charts are created in Tradingview.com, which is a free service.
Posted Using LeoFinance Beta
This is something I hadn't really thought about.
BTC being the dominant on/off ramp and base trading pair in crypto has exaggerated its dominance.
But as you said with major exchanges offering plenty of stable coin alternatives, this isn't entirely the case anymore.
I'm not saying that the altcoin and bitcoin markets are going to completely separate just yet, but bitcoin's dominance will surely continue to subside.
Exciting.
Posted Using LeoFinance Beta
No I don't think they will separate. I have yet to see an altcoin rallying for 8 months while BTC dropping... right? Meaning complete negative correlation. That is yet to happen. But just more stable coin options are available. You must agree altcoin usd charts look much better than altcoin BTC charts :)
Yes usd charts look much better - hopefully they are a guide to the future with regards to btc pairings.
Buy more HIVE? I want a little house 🏠
Who me? Are you kidding? I only buy at 10 cents ;)
Hive is looking really good, the price turned around and is increasing, however I think there is a little more to go
"Little" is subjective :)
Continuation of exciting time. Glad to be here contributing in a few ways. That's for your insight with this post.
Take a look around and make friends. This is social network after all
as BTC is going mainstream media being exploded by big names,
it is great for BTC owners and the crypto world in general.
Alt coins are here to stay, and 2nd layer coins are outpacing hive.
I think that is good. It means new ideas, new innovation and wider platform.
Brings folk into crypto where they are comfortable.
Media doesn't understand crypto market that much. People will slowly educate them
Hope Hive will have a very good run this year. I think there are surprises in the air!
$1 + will be a good start. It is about 4X from here
Hoping to get the name out there!
🤞🤞🤞
Yes, if nothing else for fast money transactions
Yes, I am not celebrating until I see Hive at least at $1. That will bring a lot of new users.
I agree. $1 is an important milestone
One more reason I like the USDT trading pair more than the BTC pair is because the USDT pair give numerous opportunities for scalping...it's not worthwhile scalping the HIVE/BTC pair.
Yes, choose your poison carefully :)
I'm keeping some liquid at the moment, but yeah, I agree, I'm looking for far greater gains than we've just experienced.
Mine is all powered up, and will stay powered up.
Yeah, as was mine, but I decided to take a little and trade a bit. It'll go back at some stage. I've done this in the past which has helped me get to the HP I have. It would be easier to have a powerful benefactor to upvote my every word with their Hive millions...But alas, I'm not that cool. 😊 It's ok, I'll do it the hard way.
Totally cool. I have asked many people to trade their holdings a bit, and most of them have a higher stack now.
I've made a few pretty average trades, but in the main over all they have increased what I hold. I'm pretty safe and risk-averse with it so stay within those boundaries and go ok.
I hope you're well, the family too. ✅
Yeah all good. At least all doctors of this country is vaccinated! Numbers are still high but showing a decline.... for now. The new administration respects science so early benefits can be seen already
Hmm, I'm so completely over and done with this pandemic thing...I guess like most people. Good to hear you're well, and let's hope things are on the improve.
People hodling are very strong hands, I don't see anyone selling much before $1 at least. I would still be a buyer then.
This here.
Yeah there is no point selling now if you have held onto something for 2-3 years