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RE: The Great Santa Pump (That Might've Never Happened) Chronicles: Episode One, The Descent To Hell

in LeoFinance β€’ 3 years ago

Thanks for the explanation of why you are using the pair HIVE /BTC. I was going to ask that question πŸ™‹.

Thanks also for explaining hive recovering in just 4 hour.

But what I don't get or understand is that if I expect Hive go down and BTC go up how does the ratio hive/BTC keeps stable? ❓

In plain arithmetic if denominator goes up faster than numerator, then the ratio must go down.

The only way to keep ratio stable is if both Hive and BTC grow at rate.

@dragosroua I like your continuous reporting on HIVE performance. I guess you are on the the few working βš’ at this task

3 years ago in LeoFinance by
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    Β 3 years agoΒ Β 

    But what I don't get or understand is that if I expect Hive go down and BTC go up how does the ratio hive/BTC keeps stable?

    My explanation to this is: if BTC goes up, traders will want to chase it and buy more, hence spending HIVE to accumulate BTC, sending the HIVE price down. I don't know if that answers your question, or even if I understood your question correctly, but that's the general mechanism between BTC and alts, not only HIVE. It's an inverse correlation resembling a hate-love relationship.