I have just kind of switched to trading up WETH/WBTC pair through the cycle using AAVE on Polygon to collect more sats, it’s been working pretty well so I am going to ride the wave up that way and then go into tether when the cycle is done. Not only can I trade it, but actually use it as collateral for loans at the same time. This way I am still in one of the major assets pretty much at all times during the bull run.
I unfortunately don’t share your thoughts on Hive, I don’t think it’s going to do much. I mean sure it will have some pumps here and there, but it doesn’t have the same market effect that the larger cap coins do. We have been talking about the possibility of Hive being this or that, but hell, we can’t stay above .35 much less try to go to $10. And honestly, none of the outside crypto market really cares about Hive or it would already be much bigger than it is. Hell, the all time high for Hive was a pump and dump within a couple of days and went right back down. And then if you have it all staked up, it doesn’t matter anyway because you can’t do shit but watch your value go up then crash back to the floor. At least that was my experience last time, so the name of the game for me this cycle is liquidity.
Any coin can get adoption at any time for any reason.
Looking at previous price action as an indicator is automatically going to lead us astray.
It hasn't happened yet, and what you are doing is looking at the past and pointing at the chart and being like, "See, it didn't happen." The reality of the situation is that this is completely irrelevant data to measure future performance. It's like saying a slot machine is hot or cold when the laws of statistics can mathematically prove it will always be completely neutral and independent of previous performance. And yet the people in the casino don't care how it works and they just make shit up and run with it because that's the fun thing to do; aka they are there for entertainment purposes not to make money.
You are also just... kind of remembering it wrong. Hive was in a bull market for the entire year of 2021. We were above 50 cents on aggregate for like a year, and that's with a floor of 10 cents (so x5 the floor price). Now the floor is 25 cents.
Moving the price of Hive up and down is very easy. I can do it. A single billionaire taking interest in this network spikes up the price x10 automatically. Probably more. And they wouldn't be able to buy that many tokens before that kind of pumping occurred. It would be a very small investment.
Hive's biggest problem is the fact that our brand is less than 4 years old, we got totally fucked by the hostile takeover, our interoperability is poor, our liquidity is poor, and we have no smart contracts. Basically all of that can turn around during this bull market because we are building the exact infrastructure that we need.
At the very least Hive being able to maintain a rank of #200 during the bull market would automatically be a massive pump, and that raw gain in token value doesn't even count the ability to earn yield or blogging income.
But yeah we'll see how it goes Hive does have a pattern of big erratic inflows and slow-bleed outflows and that may never change given how the platform works. Then again that's exactly the kind of volatility and predictable price action that makes Hive one of the best tokens to have in a trading account. The fact that it isn't correlated to the greater market is one of the biggest strengths.
We'll just have to see I guess. I still spend my time and put effort here, so that is saying something, I just have to play my bigger funds elsewhere this time around. I wish we had more liquidity on the internal exchange vs centralized exchanges, because that is where I want to trade it.
Yeah we will have to wait and see but these days my crypto arsenal is BTC, HIVE, HBD, and RUNE.
All 4 of these assets do a completely different thing and they are all uncorrelated.
Volatility trading strong positions into weak positions is free money.
Hive might not be worth acquiring for another year, but it almost certainly will in 2025.
The longer it lags behind the more it will be worth getting.
Here's to hoping! I am still here earning.