If you looked at the crypto market yesterday, our dear HIVE was popping like mad. Some wild action was going on. HIVE got pumped up to $1.05 on Binance. What?! Yeah! But why?
Is it the Asians? Both HIVE and STEEM were getting pumped, as they have been together for a while. This was a valid theory. But when you look at the action, normally STEEM pumps up higher than HIVE. STEEM is more popular since the bran d name has been around longer, and the Asian community started there and is larger there.
But this time, HIVE pumped higher than STEEM. Hmmm. What is gong on? What hype is causing this?
Wrong HIVE
Well, when you go do a search for "hive blockchain", which is what we are here, right, the Hive blockchain, it appears there is another HIVE blockchain that is more popular than the Hive blockchain for the HIVE crypto token. And this company, "HIVE Blockchain Technologies Ltd." is where the hype is coming from.
What a series of fortunate events! LOL! People in crypto mistook the HIVE token for the HIVE company who doesn't have a crypto token. They are however listed on the Toronto stock exchange, the main stock exchange in Canada, as CVE: HIVE.
It looks like the company has been doing well in the stock market, at they pumped up to CAD$6.80 (USD$5.39) in February and now sit at around CAD$4.
Correction Due
I find it hilarious that these people buying up HIVE like mad didn't even check to see if the HIVE crypto coin was the same company as the HIVE stock. Some people are going to be kicking themselves soon for that mistakes. They just bought into something that is unrelated to the hype in the news. Haha.
Maybe I'm wrong. Maybe this isn't related to mainstream news about a Hive blockchain being the 'ultimate meme stock"... but the chances are slim. It would have to be a big coincidence.
It's great for us here at the moment. We got a nice boost in the value of HIVE in the crypto markets. When the news spreads of this mistake though, expect the price to go down a lot, and probably below the STEEM value is the current norm.
Hive > Steem
In reality, HIVE is much more valuable than STEEM in terms of being decentralized and the value of the ecosystem. We have a real community, since everyone that cared left the BS of STEEM for the greener pastures of HIVE (despite the dev fund issues and freezing of assets in the fork from Steem).
Hive has development, while Steem has nothing going on as far as I can tell. It's junk. Hive has popular and climbing apps like Leo Finance and 3speak. Steem can't even compare. But Steem has a 5 year old name.
It will take, but eventually reality will clash with the fake appearance/unreality. The crypto sphere will come to recognize the value in Hive/HIVE. And they should also come to recognize the over-valued Steem/STEEM.
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over 75% of the recent vol is happening on Upbit and trading against KRW. So, I don't even think it has to do with the name Hive at all.
Hive out traded BTC several days in a row on the Korean exchange Upbit.
I love trying to understand who is interested and why.
Since when do people read hype, jizz in their pants, and scramble to buy tokens...
Personally I don't understand why anyone would put in huge market orders of this magnitude... ever. They should be setting up limit buy walls.
It's easy to buy millions of Hive if you're willing to wait a couple days. Or better yet a week to give time for powerdowns. FOMO stronk I guess.
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Yeah, ever since we had that little talk about powerdown period, I've been thinking a lot about how one could manipulate the market with a rumor (good or bad, a pump can be a rumor in itself) causing that FOMO powerdown, then knowing the exact date they could pounce.
Not if you #hodl something like a long strategy. Pull the price up to a certain point and let your investment sink into the new resistance price level.
One could come up with such ideas if they keep comparing STEEM and HIVE only by price.
I can't jizz @nonameslefttouse but us XX chromosome holders a.k.a. "Womb carriers", have the equivalent :)
signed,
Egg laying Woman with no prounouns left to use
I suppose the politically correct universal term then within this context would have been 'piss'. Now I know for next time.
;) lol well we all can take the piss I guess
am glad you supposed the term and I'll take it and run with it to make sure everyone feels like a superstar winner in their "ready player one" lives or whatever world people choose
ffs these times
Nice, so it was all a coincidence, or maybe it was factors of both. Another commenter showed the false association made it even on the highly trafficked coinmarketcap site, so that probably has some effect, how much, I don't know.
https://images.hive.blog/p/YpihifdXP4WNbGMdjw7e3DuhJWBvCw4SfuLZsrnJYHEpsqZFkiGGNCQAsucdgBt3ua1AkBGtZFfq9tcsnuTUgvMj81SJEasHWzmmhPQZRXUyZMdwPdyFASGbG9cghdGjhoP4FzPw2MVSQa3gDTftbSfURDWwN5bBNFUnjfaEBr14?format=match&mode=fit&width=640
Why are they pumping Hive and Steem?
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cool Flyers :D
I'd need a Backside with some info as well, hmm, but don't run into work because of me. Just sayN'.
yup
Was great to wake up to a giant green candle, doesn't happen enough whether it's pure speculation from the Asian markets or a case of mistaken identity, it's still nice to see.
Years ago, well before the chain split, I investigated Hive Blockchain Technologies and you might be surprised to know that one of the main figure's involved in Hive Blockchain Tech is Frank Giustra, the gold mining magnate, close associate of Bill Clinton and top donor of the Clinton Foundation. You can't make this shit up.
https://peakd.com/politics/@v4vapid/clinton-foundation-financier-frank-giustra-backing-hive-cryptocurrency
Yeah, whatever single factor, or multiple factors intermingling, it's nice hehe.
That's a good find on the more-mainstream Hive blockchain top figures tied to the Clintons. I'd bet a lot of these blockchain companies have ppl with potentially dirty ties around the world. It's anew avenue to exploit and profit from.
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seriosly cannot make this stuff up : /
frankly...
https://hedgehogreview.com/issues/meritocracy-and-its-discontents/articles/on-frank-speech
I found that MOST "nuttery" people go for on the internet is an artifact of mistaken ID...
you'd be surprised at my invstigations i'm certain.
regards...
I have one thing to say to you.....Ba-fucking-nanas P2!
Nice to see your name crop up. Best wishes, hope you're well and thank you. :-)
Whenever there are major price pumps or dumps... the natural tendency is to ask "what was the cause??" This is a hilarious contributing factor to HIVE's overall bullishness over the past three months. Did it really have much to do with our recent price rise? I'm not so sure... I guess it goes back to the concepts of fundamentals vs. technicals and that age-old debate.
I've expected HIVE to hit at least $1 this cycle since last year, so the HIVE Blockchain, Ltd. confusion could just be one of many "events that arise to 'cause' the inevitable."
You know, there is also a different social media app called "Hive" as well as other kinds of confusion that might result in people buying our HIVE without knowing what they're doing. As you said, a turn of fortunate events for our community in any case!
Agreed, obviously... with the caveat that I don't follow STEEM anymore, it's basically a dead chain to me. So theoretically there could be development going on behind a language barrier of Korean/Chinese or whatever other communities are most active there.
Either way, I don't really care what goes on there at this point. It is unfortunate that STEEM kept the good SEO and other "brand awareness" aspects of being a 5-year-old chain... but they certainly sullied their reputation beyond repair in my eyes with funds theft.
I'm interested to see what will happen in terms of STEEM value long-term, but it's more random curiosity than something that really matters to me now that we have HIVE.
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Steem will pump this year and then after that its dead.
I would love for that to be the case as I don't see the purpose of the chain. It's always possible remaining holders will develop it in a different direction but I see it as a low possibility to be honest.
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Yeah, one of many, apparently Koreans on Upbit is another, bigger reason. Why are they? I don't know :P
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I bought some Hive.v stock last March .... thinking it was Hive. ..... I bought 1000 shares at 20 cents ! Best mistake I ever made.
Hahaha glad to hear you still make profitable mistakes.
I make way more costly mistakes....
Good thing you make a few that cover costs...I hope so for your sake anyways.
Wow, it does pay to make mistakes :P
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I wanted a mistake like that in my life
Wow! Well done. I'm new to Hive and have been confused myself over this last week. I read about all the trouble with Steem Inc and the hard fork to Hive. Then when I saw the hype about Hive Blockchain Technologies stock I thought "how is more decentralized?".
A bit more digging and the penny has dropped! However, I'm still trying to get a sense of how large the Hive community is, and whether it is growing etc.
It's not only the people but CoinMarketCap is even dumb, placing Hive Blockchain Technology News in Hive Coin section.
Anyways, More such news would brig hive to 3-5$ then mainstream media would would start talking about hive. Anyways it can be good for us or bad who knows, because misconfusions can lead to longer bear markets. We do need smart media tokens and defi on hive... if we want to survive the competetion.
https://coinmarketcap.com/currencies/hive-blockchain/news/
Oh wow, nice find! Ha. People were telling me it wasn't because of the mistaken news association, it was some Korean action for whatever reason.
Having this on hugely trafficked site like coinmarketcap seems to give credence to what I was saying though.
Maybe it's both factors at the same time coinciding. What do I know.
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Indeed Korean are pumping but they pump steem alongside. But this pump was mainly hive focused. Whatever reason it is, it can spotlight hive to a bigger audience. What we need to do is prepare for it and improve our infrastructure.
Indeed Korean are pumping but they pump steem alongside. But this pump was mainly hive focused. Whatever reason it is, it can spotlight hive to a bigger audience. What we need to do is prepare for it and improve our infrastructure.
talk about free marketing.
The best part is HIVE finally has daily trading volume over $200 Million USD after a long time. STEEM used to do better in both price and volume. It's great to get some attention. If at least few of the people who saw the hype started looking into the fundamentals of HIVE, they will discover on e of the greatest projects in cryptosphere.
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Yes, a bright future. How long will it take? We'll find out ;)
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Longer the better. I can acquire more that way and strong hand will benefit the most from that.
oh dear, hope your wrong
I probably am. People are letting me know how wrong I am. It must just be one of those rare coincidences. Ah well, it seems like a valid correlation and I jumped to the conclusion.
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Its pumping again so it looks like you are wrong and in this instance im glad :D
I once wrote a post about the importance of managing traffic, meaning all these little side projects like the tribes/communities, games, everything, all the apps, seriously, everything; it should all lead back somehow to a central hub (not centralized! quit freaking out) like PeakD. Obviously someone screwed up with the Hive branding (I don't even name my artworks without researching names first), but when all roads lead back to Hive, one doesn't need to know about Hive in order to find out about it. Maybe they've stumbled into LEO or Hive Engine. Without a clear path to a central hub and the incredibly valuable social setting, those folks will never know about the rest of the things Hive has to offer. With several hundred or even thousands of sites built on Hive all leading to the rest of what's available on Hive, that's like placing hundreds or even thousands of links to Hive at the top of Google search.
This post of yours is just a few lines, an opinion, short on wisdom, and lacking a solution. I'm only downvoting it because there's no fucking way I'd pay $147 for that. It's a lighthearted downvote.
You're going to have to stop measuring in USD soon.
This is a post on LEO. If someone searched HIVE, they might miraculously stumble into this post on LEO that makes it appear as if Hive is some big mistake and LEO is the competition mocking it, but at least Hive is better than Steem. That's the big takeaway?
And all you can focus on is me measuring something? I'm well aware there's a massive difference between face value and true value.
Well I went all over the place trying to touch on things that related. Hive going up, but it's going to go down some amount as pumps always do... and the hive pumping more than steem is more reality based since hive has more going on than steem to merit it ;) What 'takeaway' would you have stated instead?
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Did you know there are thousands upon thousands of posts talking about whatever coin going up?
I'm just razzing you.
Nobody is going to find this post. Don't worry about what I think. Streisand effect incoming.
My focus is on abundance and interoperability.
These systems are alive.
Corrections will be made.
And my focus is making a big stink over nothing because it was easy and I was bored.
Yes, a one-stop-shop for accessing the info is valuable. Facebook had that appeal, pp sharing stuff and you can see it all to get convenient access to lots of stuff you might be interested in.
The Hive name seems to have been a bit hasty, but oh well.
Well a few lines, there's more than a few lol. Wisdom, do most posts on trending have wisdom? Opinion indeed, I wasn't trying to be wise. Is there a need for a solution? What's the problem again? Would anyone really pay $1 for one piece of written content on Hive, Steem or any other website? Maybe a subscription where what you read costs you a few cents on average, depending on how often you read it. It's almost all overvalued when you think about how much you would be willing to pay from your pocket. But I getcha ;)
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Don't worry. I'm being super opinionated right now. It's good you understand where I'm coming from and I'm sure many others do as well.
Don't sell yourself short though. You're basically saying your product is worthless, as well as all the other products. Just because we don't see the dollar signs beside content found all over the web, that does not mean it's not generating any value. I'm actually happy a shit post like yours makes this much. That means the posts that are ten times better and offer more to the consumer can also be worth that much, or more. What that does is attract higher caliber acts that will put us all to shame and what they do is attract the money you think doesn't exist.
Probably worth mentioning there's no rule that says one must wait until someone better comes along before it's time to up the ante and give consumers a reason to consume and spend money.
someone screwed up????
I was between a group of few people who said this was wrong since the beginning. I mean, come on, you don’t need to be a branding mogul to not do a google search before, and If you see the .com is taken, forget that name and start over.
There are applications that scout all the web for the name, I mean... it’s not for a lack of tools.
Anyways, I love Hive and all but whoever came up with the idea of the name, refuted comments like mine or @edje’s when this issue was pointed out, could have considered to change, or at least to ask the community which name we wanted.
Anyways, rant off.
Sometimes the simple act of giving a shit can be one of the hardest and least rewarding behaviors. Offer a suggestion; it's converted into an insult.
Excuse me? You're about to get hit by a bus. "Don't tell me where and how to walk!" Splat.
You sir, have said it loud and clear.
I hope you are doing good.
Cheers
Doing well enough and I hope the same for you.
HIVE!D
great info!
Missinfo can be as good as Disinfo IMHO...
Hell yeah, it worked out well lmao
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I personally think you are wrong and people are not buying Hive thinking it's Hive Blockchain. If this were true, then there wouldn't have been preceding pumps prior to this news.
Sounds right. I'm wrong. It was just a coincidence then. Funny one.
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I don't agree with that point.
There is a long time people buy tones of hive.
It has IMO nothing or close to nothing to do with Hive blockchain ltd.
I think more justin sun will close some shorts on hive. That's the reason for the price difference. Would make more sense for me.
Ah, so it's all Sun and his plans to short Hive, ok
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Or a combination of everything. Chart technic + news + short squeeze :) But IMO, that wasn't the short squeeze already ( not full or I don't know).
I think we will see ( no financial advice) a huge movement if steem should break down to a much lower level as hive.
Because I think that's the funds for the shorts. But its all theoretical and fiction :)
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Unfortunately i did not change my satoshis, which i got by selling my steem, to hive (back then 0.11$) :/ How ever, i am kind of glad to got rid of my steem and waiting for a better moment to buy more hive. Steem seems to be kind of dead anyways.
I sold steem at a low months ago because I though no way it's going up lol, ah well.
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Nice! No complaints and Hive was due a bit of luck... undervalued compared to some of the other options out there.
Yup, undervalued, gonna gain more in the years to come (hopefully). I can't know for sure.
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The listed stock cannot be traded in teh weekend. Must be something else. Like Justi with Tron on exchanges.
Hive the crypto can be traded though. People know that tokens in exchanges aren't stocks in the stock market, I would hope. Apparently it was all the Koreans and this is just a coincidence in teh end.
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Hi...i like your posts, we mostly have contrasting opinions but you relate yours quite easily, maybe its just me, how i connect with them/u,...even if your posts were not in trending, they come across as the types I'll be fond of following. So.
Well, well, well....I would have thought it had more to do with this though......
https://uk.advfn.com/awards#contact_us
Yeah I heard about this in a passing post somewhere. But it doesn't seem that well known. Having another company's DeFi partnership news on your token page on coinmarketcap though, that will get some attention ;)
Well yeah that’s a point...
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Yesterday I was wondering what was making this value go up and higher until Steem
But, I didn't look for much. I was loving seeing my values go up hahaha
Even if the choreon soon came
Could be this, could be the Koreans alone, I don't know, but usually hype sells, and coinmarketcap even put the news under this token... lol. I think it's related.
Oh
excuse me
I meant correction ** up there
great info!
Hive Blockchain the company had been doing well on its own for some time, as have most public crypto plays. I hardly think the very recent action of HIVE is correlated to the company's performance of late.
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Not sure I understand. Hive, here, isn't a company...
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This is a very pressing matter but hive still has its surviving way.
lol
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STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
That's absolutely hilarious!
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I've been wondering how long till most people realize there has been a bigger HIVE/hive/Hive/Heyeve before this one and also wondered if it was a rather sly move to sap off that "similarity". Anyhow there are BIG difference and hope this person doesn't mind me sharing why it matters.... https://peakd.com/politics/@v4vapid/clinton-foundation-financier-frank-giustra-backing-hive-cryptocurrency <<<<<< Yeah I'd hope that people would care to not equate us with a Clinton Foundation Financier but when it comes to money ya' know.
Yeah, we're the one who doesn't have a Laura Silsby who decided to "save" like 33 orphans in Haiti although a lot were not actual orphans