I was minding my business Tuesday night, and this was the second of two videos that blew my mind ... we all know Bitcoin is the leader of the crypto market, but just how much shocked me.
There have only been 6-8 weeks of "altseason" -- altcoin massive gains -- across the entire history of the crypto market, according to what Ben Cohen sees on the chart ... he says the longer appearance of altseasons is just altcoins bouncing around at the top and then slowly decaying.
I was shocked by this, and then remembered how quickly Hive got to $3.47 -- that big push took only weeks, and then it took a LONG, LONG time to slide back down and has not since had a run that significantly compares to Bitcoin's sustainable.
"Altcoins are oscillators AT BEST compared to Bitcoin!" -- YIKES! That got my attention, but I do know that most altcoins over time don't come back -- memecoins don't ever stop bleeding, and most altcoins over time don't either. Those that do have to get very, very low before bouncing back up ... we may not be low enough yet, that hurts my heart because Hive is an altcoin, and like Ben said, I'm tired!
Yet Hive has a long-term advantage: our adoption is paralleling Bitcoin because we have an increasing number of people in the word going into and coming from Bitcoin through our own Hive-Backed Dollar. #spendhbd means Hive does not have to be left behind even if Bitcoin dominance increases; Hive is positioning itself in the world to follow Bitcoin right up into the future, even as Bitcoin may be charting a new and more robust path forward for the crypto market. Hive is not just every other altcoin: Hive has a solid use case and adds the social piece to how people around the world can interact with Bitcoin just by using their brains.
Just as Bitcoin may be transitioning how the market cycles may look in the future, Hive has a chance to break out of what frankly looks like a dismal future for most altcoins vs. Bitcoin ... there is a tremendous opportunity for Hive to keep moving forward as it is around the world as the community bridge between the brilliance of all humanity and access to all that Bitcoin can likewise do for all humanity! Hive does not have to become one of the forgotten altcoins that bleed to death -- we are in the midst of a special opportunity!