While I was busy with family duties, a friend texted me at midnight and said Hive was trading at 30 cents, which did not surprise me. He was the more knowledgeable about crypto, and he began brainstorming about what must have caused the pump, and without hesitation, I told him it was the Koreans pumping in Upbit or somewhere.
The majority of the users here who saw the 2017 and 2021 runs are familiar with this. They wake up at midnight to an 80 to 100% pump, which can occur multiple times during a bull cycle.
Hive is an easy coin to pump; a few hundred thousand million volume and we are already seeing a significant pump, and while this pump will have no financial impact on you, seeing a cosmetic increase in the value of your asset will do a lot of good for your emotions.
Arbitration Opportunities
Many people will take advantage of these pumps if they have liquid Hive to buy HBD and then convert back to HBD when the pump begins to dissipate. I did not consider this at midnight because I did not have enough liquid Hive.
I did not do this in 2021 because I was more concerned with powered up Hive and the Curation reward that comes with it. I know I missed out on a lot of the arbitrary opportunities that came with those pumps, and many people will be preoccupied with increasing the liquidity of their bags.
Une autre répétition?
We have seen this before, exactly as it happens at midnight, but we were probably too naive to understand what it was. I will not bore you with the technical details of this pump; instead, I would like to focus on it as an important catalyst.
Most of the time, we know that crypto is purely sentimental; people are ecstatic when prices rise, so whether it is temporary or cosmetic, green screens with pumping prices give people adrenaline and keep them busy, and at this point, I believe this is exactly what Hive needs.
I believe people will begin to realize"Oh, I think I need to hold onto my Hive" and panic about missing out, despite the fact that it was only a 60% pump and nowhere near the real deal.
The Hive Faithful Needs This
I believe those who have faith in Hive deserve this. This is not a diss statement; I believe they do. There is not a day that goes by without someone FUDing aggressively on their post, and it is always depressing.
Again, this pump is insignificant in the grand scheme of things, but when you consider that people require something to be hopeful and excited about, you will see how important something like this can be.
For example, we have been screaming about proper marketing to get our product in front of crypto users who truly want what we have to offer, and despite spending so much money on influencers, race cars, and other things, we have failed to make it happen for so many years.
Imagine being able to spend a reasonable amount of money while still getting the Hive product to the people who truly need it; it would be a miracle, something no witness or anyone else has been able to accomplish. There is no doubt about the Hive product; we simply do not have enough sophisticated tools to market what we have.
In Conclusion
Going forward, I believe people should be reminded that all is not lost and that they have something to be busy with. Of course, these pumps are only temporary and will not last very long. In fact, the effects of these pumps may have completely evaporated in a few days, leaving nothing behind, but expect a lot more of these pumps, most likely at midnight when you least expect it.
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Woke up this morning to see the Hive pump, converted my Hive I was holding on Binance on Binance for USDT and waited for the pump to slow back down, and I bought back in again. It’s currently going back up again and I’ll probably start taking profits gradually as we go back, and buy back when we see pullbacks. Hive has trend of just chilling and doing its own thing regardless of BTC. If we start going up, I don’t think our up will care about whether BTC is up or down, or what percentage it is up or down.
Well great decision there and congrats on that. I think a lot of people are doing the same thing as many people are, and the best thing is that this will keep a lot of people busy: smiling, making profit off the pump and just chilling for the big things to happen in Q1
Buying HBD is the smart way to play this kind of pump! I didn't think of that last night when I had seen the pump. What I did I picked up some SPS and DEC that I needed at about 30% discount yes I missed the opportunity to get those way cheaper as I caught the tail end of the pump... Next time I will just convert to HBD!
Yeah next just buy HBD with it and then just convert back when the pump begins the dissipate then you can just use the HBD to buy back, it's probably the smartest way to take advantage
It may be random pumps, but I think it would be nice to take advantage of the opportunities. I don't have any alerts or anything on Hive though so I didn't even notice at all.
Yeah, many people don't notice. If you're in the US, you might not notice it unless you set timers and alert. A lot of that pump might have dissipated but it was good
!PIMP
@tipu curate
Upvoted 👌 (Mana: 15/45) Liquid rewards.
Thanks a million
So does that mean the bull run won't be happening this year? And I still have some time to stack?
I've seen a couple of posts about the pump,I hope it continues like that
2025 is the official bull run year but then, it starts with some glimpses towards the end of the year before the official bull run which is the position where we are currently.
You have probably till the end of the year to stack enough hive. Although this is not a financial advice
!discovery 40
!PIMP
Thanks a million
Saw the pump too and I was like, what's happening? 😂. Well it didn't last for long as started dropping too.
It's synonymous with the bull run, it happens in times like this and continues to the bull run year which is next year
This big pump will be back to twenty cents in a few days, I'm not sure who bought so heavily but in the short run they won't make a return. I did sell some liquid Hive to take advantage, but I honestly had very little liquid to do so. I'm sure some whales sold like no tomorrow.
Hopefully in the long run we will see a supported price increase that is stable. Today would be nice, but not realistic!
Well, hopefully we don't see below 20C again. I doubt we will. From now it's probably headed to next year which will be massive for alt coins. These type of pumps in the last cycle was very instrumental
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