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The best part of hive pumping is that it makes the POSH tweets more interesting to people lol. But, I really want to figure out why the price is going again right now.
It was explained to me that the last pump to almost $1 was a result of being listed on new exchanges and a big airdrop. That's all fine and good but if that were the case it would just be a gimmick.
Gimmicks aren't sustainable and don't signal confidence to investors. If that was the reason for the pump, and that is fine if it was, then it was just "dumb" money moving around.
But currently this little pump must be different unless I have missed some new exchange announcement somewhere.
So I am here to ask the hive community, "What is Going On With The Price of Hive?"
Give me a reason to believe that we are going from Launch to Orbit. Launching, although technically difficult because of how Hive came into being , but getting into an orbit is what will make the platform real.
If we are not yet heading into "orbit" what is behind this positive price movement. I don't believe that it is just a simple case of chasing the bitcoin halving because it the percentages are too high. What I mean to say is that we shouldn't pump nearly 20% if this is solely due to chasing btc.
So learn me something folks.
Crypto Whaled manipulation...Someone wants some profits.
that's what I sensed. I'd love somebody to write a post that maps out how whale manipulation works step by step. That may serve not only to educate but to deter the behavior if we all know exactly what they are doing.
Justin Sun was clearly dumping millions of coins.
He may have run out of money or is afraid to keep selling into this much demand.
You have to remember that Hive is the DPOS chain that defied a hostile takeover and proved the DPOS naysayers wrong flat out. Hive is the chain that is getting exchange listings left and right for FREE. Hive is the chain that no longer has a centralized entity and just dumped 80M coins into a decentralized dev fund. Hive is the chain that users want to power up when it starts gaining value for big upvotes, causing a domino effect of less supply and even more demand.
Hive is also the chain that has massive volatility while the rest of the market remains stagnant.
Traders and speculators want a piece of this crazy action.
This could be a bull trap, but like you, I also think this is a precursor to a huge move back up and I wrote as much in my blog today.
Posted Using LeoFinance
thanks for being so thorough with your reply. I love learning things. I am having issues knowing when to hold or fold them. I admit that I sold my liquid hive for btc because of the halving. It is my first time ever selling any steem or hive so I am doing it for experience as much as anything else. If I take profit from btc I am reluctant to come back into hive and power up until I feel like it has a future. Steemit at 2 years and 10 months of my time lol. I am wondering what to do with the 8000 plus steem I hold.
I also wonder how to break into the "boys" club here. I have never gotten big votes from anyone in steemit and always felt like an outsider. I feel the same here. I have over a decade of consulting in social media marketing and I was in the twitter beta, gmail beta, google glass beta, reddit original and spent many long days up at Facebook. I don't see what I want to see in a platform yet that will reach critical mass. I want to see it so badly but I just don't and I don't a cohesive support network here. I brought some social media influencers onto steemit and they got run out of town. I took some heat for that and am waiting for the day I can recommend hive. I have high hopes but low expectations so far.
Condenser is a social media technology (sort of) but Graphene is not.
The core code of the Hive blockchain is Graphene, and there will be a lot of dapps here in the future.
Condenser is an over-bloated rushed piece of garbage in my opinion.
We will probably have to clean it up or rewrite it from scratch.
Honestly I don't even think of Hive as social media.
It's just a blockchain that happens to have social media on top of it.
Basically you can think of Graphene as all the backend programming.
It handles all the encryption and the blocks and consensus.
Condenser is more of the frontend like Steemit.com.
I think the node API is considered more Condenser then it is Graphene as well.
Basically Graphene is the blockchain, but Condenser interprets that blockchain information, puts it into a database, and distributes that information to the world. It's all very complicated :D
I guess my point here is... in a couple years you aren't going to have to write a blog and beg for scraps at the dinner table like we all do today. We are going to be providing real work that pays actual wages in the future. You won't have to worry about getting paid subjectively based on the opinions of an elite few; you'll get paid based on the merit of the work you do, as the value of the actual jobs we create will be much easier to measure and compensate.
Never think about markets in a linear fashion. Why they move and what causes it is often a mystery.
The truthful answer is prices run when there are more buyers than sellers. It is really that simple.
All else is just speculation to pass the time.
Markets are holistic and it is impossible to peg what is causing the run.
Enjoy it while it last. We have no idea if it will go up or down from here. Trade accordingly to what you think is best.
Posted Using LeoFinance
wise words. To me that signals that there is nothing here but magic thinking so far. I hold out hopes that this turns into a good platform that entices lots of users.
Assume all things are manipulated, unless someone claims that things are not manipulated... then you will surely know that those things are manipulated.
Do you have any more details re: the Hive airdrop?
one of the new exchanges was giving away a ton of hive for some reason or another. I didn't look into it. I sold my liquid when I found out about it.
Proof of share for #posh