But there is change in the air. Important trend lines arebeing broken and with around 1 year left for the bull phase I am going to cal it: Hive is going to make a strong reversal.
No, it won’t @tobetada. I like your optimism, but that will never happen because of one simple fact: Hive is inflationary currency, and Bitcoin is deflationary currency. It’s a simple truth.
That is a valid point. But I would argue that inflation when it is reasonable has essentially no impact on price - how else can we explain these big swings like when Hive did a 30x in 2021 or lost 95% of it's value? Betting that Hive won't make gains in an alt season seems very risky to say the least. The breakout will come and has already happened. The question to me is how high will it go. Long term Hives price in relation to BTC might not go up a lot. But there are so many catalysts that could catapult our blockchain to higher spheres
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This is a simple math, @tobetada. You can’t argue with math.
it's a theory that has been disproven in practice (as can be seen by simply looking at inflation for x chain and see how it translated into price movement) or perhaps I am misunderstanding your argument.
Well, if you don’t understand simple math, or the concept of deflation and inflation, I can’t help you @tobetada. Your presumptions that Hive is going to make a strong reversal does not have anything with reality and will not happen.
Sorry to burst your bubble.
okay, enjoy your bubble
Ok. Let's see the math.
No, it's not a valid point. Both Bitcoin and Hive have inflating supply.
Bitcoin and Hive are both inflationary: the supplies of both increase with time.
No, they are not, @reonarudo. Bitcoin is limited to 21 million and there won’t be any of it. Hive isn’t.
The supply of Bitcoin continues to increase until 2140. That's a fact. The moment when Bitcoin stops being inflationary is over a century from now.
The annual growth rate of the supply of Hive will diminish over time as well, it will just never reach zero.
But this is all irrelevant because the price is influenced by yet another factor aside from supply: demand. To adamantly claim that Hive can't pump flies in the face of historical reality. The last big pump that took the price of Hive to over $3 occurred three years ago.
It is very hard to argue with such an economic expert like you are. Farewell…