Yesterday we had some positive movement in the price of Hive. We rose all the way up to $0.449 depending on the exchange you used.
That pump also coincided with positive movement in the price of Steem. Steem got all the way up to $0.52 range before minor correction.
After a year of existence, we're still coupled to our previous chain. I don't know if that's a good or bad thing at this point.
I'd like to know if there's some historical data of forks for this issue. How long did it take BCH to Decouple from Bitcoin or XLM from XRP?
Granted, those previous two examples are chains worth billions, it would still be interesting to see how it goes. It is also worth noting that the two chains don't have to deal with the fraudulent Justin Sun as well.
I still can't believe I was dick riding the guy for a while. I made a judgement call and thought he would be good for marketing but after a while of studying the guy, I finally understood why many people were extremely against the idea of having him around.
I'm only human after all, but I picked my side when the chips were down. However, we're still not yet free from the shackles of Steem yet.
How long will it take? What will it cost? These and many more questions pervade my
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Posted Using LeoFinance Beta
Do you really think HIVE is pumping whenever STEEM does? I'd say we have created already our separate paths.
Posted Using LeoFinance Beta
I doubt. Both coins are still moving together.
Seems like a lot of our volume is driven by certain Korean exchanges... and the Steem/Hive owned by a group of people who benefited from the doubling at the split, and now play the markets with their double stake.
There's often a "cycle," too: SBD spikes suddenly higher, pulling Steem up with it, and then Hive follows. Today was a little unusual in that Hive actually spiked more than Steem...
=^..^=
Is this the first time after the split Hive price has reached more than Steem ?
Posted Using LeoFinance Beta
Well Many people suggested that Justin Sun would be good because of marketing, but then it irks me to realise he isn't. In the long-term steem would not be able to match hive. Look at what is currently going on with hive. Steem hasn't produced anything positive since the productive guys left.
Posted Using LeoFinance Beta
You are absolutely right , the amount of development happening on STEEM is nowhere close to what's happening over here .
How much can people buy just by seeing the face of Sun ? Without development it can't sustain and I am pretty sure it won't sustain .
Posted Using LeoFinance Beta
They'll eventually steal ideas from hive
I had like 1200 STEEM which I didn't even bother to look at . Right now I am powering down everything and will use that to buy Hive completely .
1000 STEEM -> 1000 HIVE . That way I will reach 5000 HP lol .
Posted Using LeoFinance Beta
Haha. Good choice. Do it soon though because the Gap is reducing every day
Yeah I have already clicked the power down button lol . Every week I will send it over here :)
Posted Using LeoFinance Beta
Hive's Price woke me up!! I think the shackles of STEEM will take some time to go away since we have a long history and Hive is almost one year old after separation. Maybe in 2-3 years from now.
Posted Using LeoFinance Beta
Better late than never.
I wouldn't base price movement as being tied to the price of steem honestly. The thing is it mirrors it because of how similar the chains are it's simply a clone of Steem however some work has been done and continues to be done to the chain which is brining separation. Any time there is a rally just about every token and coin follows suit. If you really wanted to say something is tied to a chain it would be Bitcoin. If bitcoin goes up everything goes up. If it falls everything falls.
Posted Using LeoFinance Beta
So the similarities of the chains make them move together? Does it mean EOS moves as we do? 🤔
no no It's because everything is traded against Bitcoin on exchanges. Bitcoin is the entry point for nearly everyone right now.
It's a good thing, Steem users who still don't know of the depravity of Justin "Hernan Cortez" Sun, will have to convert 1 to 1. Which was a fairly widely consented to community evaluation. I was worried about this pre fork, but the fact we didn't tank, means the same investors moved in and we are still just at the "post hardfork" evaluation of sorts.
Good thought provoking post!
Posted Using LeoFinance Beta
Fair point. It will be interesting if we get to 1:1 valuation. When that happens, I'd say we've gone beyond the Steem shackle
I wouldn't get too excited, there is still communists like therealwolf in the top 20 witnesses who want to remove the rewards pool from the blockchain, then this entire platform is just a joke like reddit without the monetization.
Most of the times we are still in accordance in the price. But with other development like leo and Cub, we are already in different price level.
SBD also have been pumped hard recently. other than taht the price is almost the same. But we are heading into different direction now.
Posted Using LeoFinance Beta
Yeah we've had a lot of development and internally, it has generated value. Assuming we add marketcap of Leo, SPlinterlands, and come other internal projects to the Hive marketcap, it would make for nice reading but that's not how crypto works.
Anyways, someone said it is because we're a similar type of blockchain to steem, plus we're so close in market cap, it makes sense. Also, when you consider that it is just mostly trading bots doing the work, it might take a while to properly separate ourselves from them. We will have to create something that generates major Hive buzz and gets the world interested