Edit ⬆️ (As predicted)
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A follow up to this post from 25 days ago @geneeverett/market-afternoon-check-in-just-some-short-thoughts
Ether now lower then the crash a month ago when we saw bitcoin at $26,000 & Hive below .40 cents. Chain and MANA still 30% higher
I’m getting my buying shoes ready as we speak!
I think money will be made the next period of time. Big money. Get things in order and be ready!
All charts from same period, just interesting to me how Ether is the worst. All I bought so far was some Mana (Decentraland) I had sold higher off last dip. This could get bad but it’s good to see bitcoin not doing as bad as Ether. If we are gonna break 26K in bitcoin it’s likely going to be quite soon. Buying shoes ready to go!
I have one major concern regarding HIVE. I believe HBD is useless and it’s a fail to need to dump Hive to hold the price up. I would probably buy back a lot more then the 9K hive I’m holding now if it wasn’t for this reason. HBD moves 10% some days then it spikes back up to around $1.00, but it’s downward artificial pressure on Hive that keeps it there right? It’s not backed by anything so as I understand it HIVE is moved to push it back to $1.00…. Well this won’t end great. It’s going to Hurt Hive as long as it’s the standard. Not anything leaving permanent damage and I love Hive and there are many reasons to hold it regardless of this issue I see. That said I will be buying less and only getting back to 25K - 50K Hive on a dip below .33 cents - .25 cents. Where I’d buy 10K now at .47 cents otherwise. Grabbing more just less.I know it’s a unpopular opinion here but I gotta call it like I see it. HBD moves 6% minimum daily and people can’t rely on it at any given moment. What’s the point of hurting our main tokens price with pressure just to prop it up. It’s a mistake and I think we will see this proven. I’m adding Hive now, just less above .33 cents then I otherwise would.
I could be mistaken about exact process but it’s correct Hive is used to push/“balance” price of HBD. It’s just pointless. HBD can’t be artificially kept at $1.00 without using and putting downward pressure on HIVE. It’s shooting our platform in the foot. I don’t see it doing any long term damage to Hive but only because we’d see this end once it’s clear it’s going that way.
