Look at this, the same picture two posts in a row with the only change a color adjustment and 180 rotation.
Am I lazy?
Yes - but that is besides the point. It was actually planned in hope based on the volume of Hive being low, as I think it is a good indicator that it is getting ready to make larger moves - up or down. And in a Discord to some close friends, I actually mentioned it, before using the image in the post on retirement before heading to bed, which was written after this comment:
(Don't worry, I cut out the nudes you sent me @abh12345)
The damage is...
A lot.
And after watching the falling volume over the last couple days on Binance HIVE:BUSD get to a 24-hour range of about 100K, I added a few minutes later:
At first I thought it was going to be a "negative movement", but the HIVE Gods (Korean Bots) decided to buck the trend a bit and move it back up about 6 hours after my comment.
The Korean bots are also playing with HBD:
with 20 million in volume over the last 24 hours, which is almost 100% of the value of all the HBD in existence currently.
Yes, that is a spike to 3 dollars on HBD. That definitely isn't holding the peg, is it? but don't worry, @smooth's algorithms will be making good use of the higher prices to lower the inflation of HIVE a little and push more into @Hive.Fund - I am not sure how much it has lowered the inflation by in total, but perhaps @smooth has an idea.
If you want to see what I mean, have a look at https://peakd.com/@hbdstabilizer/wallet on Peakd, filter for "outgoing" and have a look at the transfers to the Fund over the last few hours before scrolling back to yesterday and see the difference. Here are snapshots of both positions if you are lazy like me:
The last 6 hours:
What it looked like 24 hours ago:
Noice!
So, while HBD is not on peg (enjoy it and covert it to HIVE or spend it if you want - I bought some Splinterlands cards) I have had my eye on, the algorithm that feeds the HIVE DAO is using the higher prices to reduce HIVE liquidity a little and will eventually return HBD back to its theoretical peg of around 1:1 with USD. This means that while all that volume is being driven on Upbit speculation, they are also benefiting the entire Hive economics and helping to fund future projects.
Pretty cool, eh?
Now, while most people don't have any idea o what I am talking about, since they are just here to blog and earn some tokens, it is good to recognize that there is a massive amount of background mechanics that make it all possible. No, it isn't perfect, but it is improving and with the next Hardfork driven by the @blocktrades Team coming up in the next few weeks, the "background" will change again and there will be new capabilities that improve the possibilities for development on the chain.
This makes the Hive Development Fund (HDF) even more important and hopefully, it will be used to support new ecosystem growth projects in the future. Coincided with a run on crypto and the HIVE token, and the power of that fund is incredible, so anything we can feed into it now "for free" is valuable. This benefits everyone in several ways, including reducing the supply of liquid HIVE on the markets slightly and locking it up and releasing it slowly, hopefully for when demand on the token and the entire Hive ecosystem is higher.
Hive is awesome.
When will people realize it?
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Beta
I woke up seeing HBD at about $1.80 and managed to get myself some more Hive,
that I will probably convert to BTC ( at least partially ). Living entirely on crypto, the time couldn't be better ( although waking up / noticing this an hour earlier would have made a difference ),
as I could use some cash for my upcoming trip to The Netherlands ( flying on Friday ).
And yes, it's nice to see how ( well ) the peg stabilizer is working in extreme situations like these.
Soon but hopefully not too soon - I'm not a fan of mainstream stuff ;<)
Enjoy the remainder of your day :<)
haha - normal, isn't it?
In my case, my daughter couldn't sleep for some reason and I was up with her from 3 until almost 7, singing to her and browsing - I went to bed, moments before the spike! :D
This will inspire a post - but no matter how popular Hive gets, it doesn't mean it is mainstream, because of the way it can house second-layer applications. It is like the internet, you will always be able to find something to your tastes :)
Have a fantastic trip home (is it still "home") :)
Ouch, sounds like a rough night. You must feel sleepy today, just like the dino and turkey I drew yesterday.
I like your analysis of ( the future of ) Hive and it sounds about right. Glad I inspired you.
I was joking, of course, but also not really.
Then again, how can I leave this place? It's like Hotel California and I know way too many cool people in this
hauntedaddictive hotel...and talking about home - Hive is my home too - The Netherlands and the city were my parents live and where I was born and raised ( Gouda from the cheese ) definitely feels like home, but in a nostalgic kind of way. I am sure I will enjoy my trip, although the reason to go there now and not in September is my dad's ill health.
Ah mate, hopefully there is improvement and things go well overall. Always a tough time and I wish your family the best of it.
This / my 'old' man seems to have 9 lives. He almost died several times, starting in 2009. We thought we lost him last Wednesday but he recovered, once again.
Thank you :^)
Congrats on taking some profit from the recent pump, I also had a few dozen HBD and got a nice deal! Are you staying in the Netherlands for HiveFest?
By the way, I noticed that you powered up some Leo for LPUD a week ago, thanks for helping the Leo ecosystem grow! You're one step closer to becoming eligible to win that juicy HiveFest ticket.
The next step that will take you close to HiveFest, is to Bring your Fam to Leo, make sure to check it out!
Posted Using LeoFinance Beta
Hi there, fellow chess player ;^)
I was lucky to have withdrawn a couple of 100 HBD from savings and to receive those yesterday. Talking about timing.
I was seriously considering Hive Fest, but then my dad's health deteriorated rapidly and I had to book a ticket to The Netherlands two months earlier. His health is stable now ( but you know what 'stablecoins' can do ). I wish it was just a holiday but at least I'll be able to spend time with my parents and two of my siblings. Time is precious.
@dalz has posted quite bit of a analysis of HIVE and HBD supply and the effects of the stabilizer and DHF.
Cheers mate - I was going to tag him to dig, but I will do the digging of what he already has :)
I really wish this changed and more people get some interest in knowing how hive really works, so every player can benefit from it, and not only the financially saavy. Hopefully some day we'll see a spike on this number, and more people get really involved with the hive tokenomics!
By the way, why am I not invited to that discord friends server? :(
Damn, seems like everyone is building in the Metaverse without even knowing the basics, I do hope Playboy has some good analysts and crypto experts or this project, like many other NFT thingies from big companies, will end up like a loss in the balance sheets, staining the crypto world with their mediocrity :P
Btw, I noticed that you powered up some Leo for LPUD a week ago, thanks for helping the Leo ecosystem grow! You're one step closer to becoming eligible to win that juicy HiveFest ticket.
The next step that will take you close to HiveFest, is to Bring your Fam to Leo, make sure to check it out!
Posted Using LeoFinance Beta
It is interesting that those who start to explore Hive, end up far more financially savvy than when they started :)
It is a very small group in that one!!
Most groups that get into NFTs think it is making a picture and selling it...
And I think I did powerup some LEO - but a day early!!! :D
That one hurt, especially cause abh you and I shared a house and irl experiences in Poland.
You are on the screenshot, that's why I commented about it :)
:P But not with the others in there :)
I will try not to shoot my load too early for the next LPUD :)
I know exactly who you're talking about xD
Yeah man, you've been in the leo scene far longer than I have, but I am super bullish for the next steps for Leo, glad to see you're stacking up again :D
There is always an oasis in the desert. This is bad news for HBD and shows we need a great deal more work with it.
However, the fact that the DHF is benefiting is a big step forward. The money flowing in is really helping to pad the DAO. For this reason, the Korean pump is helping to pull $HIVE from the market.
That will, at some point, lead to more development. Perhaps the development can be to help stabilize HBD some more. 👍
Posted Using LeoFinance Beta
thereare only about 25M HBD, so what they are playing with on the exchange is a fraction of it - it is silly. But, at least for now, we can benefit. If there were 250M HBD supported by Hive, it makes it a different story to pump it - 2.5B different again :)
More people will realize that hive is awesome when it’s later and later but that’s okay. It’s good to realize something later instead of never! Meanwhile, I can point to it if I wish and throw salt in some friends wounds telling them, “shoulda listened to me” type stuff hehe.
The spike is great! Lol. I was saving my HBD to exchange it when it got closer to the peg but it wasn’t doing what I wanted so I left it alone then bam! I see you and the LBI post that it spiked and downloaded keychain again on my phone and got 24 hive for 9 HBD, gotta love that lol. Would have been good to get some stuff in Splinterlands but I’m going for maximum hive power at this moment!
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Late is fine for me here too - I just hope that it is one day!
I bought a lot with HBD yesterday.... I had a little left to get some more today, but it was a bit of a kick in the proverbials! :D
The question I have is who would buy HBD at these quantities? I mean how could one not just lose money in such a trade?
and I think this post aged rather nice :P
https://peakd.com/hive-167922/@tobetada/crypto-analysis-or-hive-about-to-pump-again
It really is Korean trading bots on Upbit. They are buying and selling small amounts of HBD many times - it is like a ponzi crossed with playing chicken - the last one out loses!
Let's see what 6 month brings :)
haha... well as long as Hive is gaining value with this I am all for it ;)
I only did rough math, but I estimate that I made about 1k HBD profit this time (when the HBD price is back at 1 USD). Could have been more, but first of all I am not a professional daytrader and secondly it was a free money gift. I am very satisfied... 😁
That is a great result - well done! :)
You make the sausage making process sound as enjoyable as eating the sausage.
everyone likes to get their hands on a fresh sausage!
I think we should know HIVE till its roots. It is not just blogging and earning. At least, I am trying to develop myself.
There is a lot to learn - and it is always growing. but the basics are pretty solid.
I totally missed it. By the time I got into work this morning it was sitting around $1.50 and I didn't have much in my wallet anyway that isn't already locked up in savings. Oh well. Next time I guess! Maybe I need to start having some of those super secret conversations with you (minus the nudes). I'm still trying to save up the funds to buy my first Splinterlands Node.
Posted Using LeoFinance Beta
1.50 is better than 1 :)
Unfortunately, the nudes are a necessary evil.... ;D
Still some time, but don't miss the latest tranche.
Yeah, that is what I am gunning for. The price will likely be too high if it goes to the next one.
Posted Using LeoFinance Beta
It's been quite a few months here on Hive, and just when I think I've got it all figured out, something just pops up out of nowhere with more pleasant news and surprises.
People really don't see the long-term potential and how underrated Hive really is. I guess most users don't really invest much time in staying connected and updated, which is why they don't see the bigger picture.
I am hoping that I will never run out of things to talk about on Hive, because it keeps growing and changing constantly :)
In crypto in general, most don't understand the long at all. Even I get "annoyed" at the dips sometimes, knowing I am not selling for years anyway and hopefully, will actually never need to move it into fiat at all.
This is quite common, and normal too.
That's the plan. 🙏
Hive is awesome.
When will people realize it?—Funny how it is never late to discover Hive , it’s just that never late is actually better.
better late than never, better early than late.
Great Post!
!1UP
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Thanks mate :)
With blocktrades having the daily limit at 1.7k I've been slowly migrating between a couple of accounts to draw that 20% HBD. I picked up yesterday evening when it dipped to $0.92 and staked it only to sign back in less than 12 hours later to see a 300% increase. Shit the bed.
did you get some good trades in? I missed the dip yesterday...
I did actually. I hate to risk jynxing it but the past couple months my patience has been doing me well.
Can you share some patience with me?
Yeah of course, should be there by Friday. Now wait.
Ah the dilemma!
Interesting post. Wasn't sure what went on this morning, especially when HBD is supposedly a stablecoin. Shall see what happens over the next couple of days. Hehe!
It is algorithmic, so it is going to fluctuate, especially as there is low volume on it and hard spikes. But, it will return to the "peg" soon enough :)
Is it possible to witness the entry of environmentally friendly projects in order to finance and improve the position of Hive in the currency market. Is it possible to invest in clean energy sources for the benefit of cryptocurrencies in general?
It is possible to invest into anything.
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It was really a surprise to experience the HBD pump up so high to that amount which is pretty much awesome for a stablecoin to reach that amount.
What’s even more awesome is that there’s a fund arbitrating it back to the peg, which creates more money for more devs to build stuff here
It's really nice to experience such in the blockchain
Didn't see this happening earlier, not until now.
It's a good one for hive as hbd-stabilizer would be in full effect.
I have often thought hive is that little known secret gem... that diamond in the raw that is waiting patiently to be discovered. I believe it has a lot of untapped potential.
The cash that these pumps generate for the Hive DHF is so underrated.
All while helping to stabalise and reset some of the naturally bloated Hive tokenomics.
Talk about turning a negative into a huge positive for the chain.
Hive is awesome indeed :)
Posted Using LeoFinance Beta
Hive is amazing and the peg is already back. So I think it's just a good opportunity for the DHF to get some more funds off all the HBD movement. It's too bad I only noticed when it was around $1.6
Posted Using LeoFinance Beta
Heard about the rise yesterday and my first thought was why didn’t I hear about Hive since, why did i just start.
It was beautiful seeing the joy and excitement…
Hive is a mine! Truly awesome