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RE: Fight with Inflation, Make Hive more valuable

in #hive4 months ago

Thanks for your comment, but i do not see lags in following Bitcoin. I see trend on loosing value not to $, but to the BTC. if it would be just lags, then we would have sine wave in HIVE/BTC price, and we have straight line down...

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But in downcycles, all altcoins behave more poorly than Bitcoin, in USD also. Bitcoin is up artificially because of ETFs, but if you study altcoins, of which class Hive is by virtue of not being Bitcoin, you will see the larger pattern. Hive is only four years old, and started the last time the market was going up (every four years, so, the last upcycle was 2020-2021). The crypto market patterns are about four times longer ... so, because the market outside of Bitcoin has not gone up a lot, most altcoins are continuing to bleed, Hive perhaps more than some others, but that big pattern holds.