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RE: Daily Crypto Markets Live Blog: Hive Holding Above 80 Cents (09/5/21)

in LeoFinance3 years ago

With all the HIVE leaving the exchanges...

This could be a double-edged sword in a way from how I understand things. Sometimes speculators can be beneficial. I am sure there are those HIVE maximalists that would disagree.

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Speculators can pump a price but they're really never beneficial to it's performance overall. All they do is add wild volatility. The only meaningful benefit is the possibility of them adding visibility to the underlying asset. If the speculation gets HIVE into the mainstream news, then, yes, I think that would be a positive. But just pumping the price over a dollar twice a year doesn't seem like much of a positive to me.

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