Would they have bought BTC back in 2011 for a few cents per coin if they knew that almost a decade later it would worth $10K+ each?
Nah they still would have sold out at like $1 :D
People are fickle.
1 million HIVE Power = ~ 17 BTC.
Ah see now this is where it gets interesting, because if you pumped even 1 BTC into Bittrex right now the price of Hive would rise 20%. That's how crazy our liquidity is. That's exactly why Sun would have never been able to attack us if he actually had to buy the coins off the open market.
I'd take the 1M Hive just because it's so hard to actually get 1M Hive :D
17 BTC is easy to acquire.
Posted Using LeoFinance
Yeah...HIVE market on Bittrex is extremely thin. Huobi and Binance is a different story tho.
I don't really think that liquidity is an issue right now...out of 367 mill of the total supply only 138 mill are staked. dd to that 83 that are sitting in DAO and you have it...~ 140 mill liquid HIVE is't that bad...
Yeah I mean it's easy to accumulate in a bear market because everyone dumps out of fear. Let's see where we are at in a year when Bitcoin is going out of control and dumb money is flying everywhere. Hive's liquidity is thin in both directions.
Today we imagine Hive spiking back up to ATH and selling stake to take profits. When that day actually comes the FOMO is so batshit insane it's a completely different mentality. We've all forgotten what it's like to be riding high in the mega-bubble.
LEO is telling that story right now. When it was .025 HIVE, I was buying whatever I wanted. Now, the last time I checked, the sells were thin in the .5s.
Posted Using LeoFinance
yep i just posted a chunk at 0.57 and it was gone instantly.
You really think that a year from now BTC will go beast mode? I've seen the double curve you keep mentioning and I really want it to be confirmed...again. :)
I feel like the doubling curve has been constantly confirming itself since 2013. You know people say a lot of things like Bitcoin is correlated to the stock market. If the stock market goes down Bitcoin goes down. We've all heard it.
Yet we all know what the purpose of Bitcoin is and what the fundamentals are. Everyone will look back in retrospect and be like yeah duh of course the macro-economics of Bitcoin were never tied to the legacy system that it was hedged against. That was the entire point.
Yet here we are, in the middle of it questioning everything and worrying about everything.
By the time the storm passes most people refused to admit they were ever afraid to begin with.
I can't tell you how many times I've seen someone be 100% wrong and then act like they knew the deal all along.
That's just people I guess, always trying to fake it till they make it.