I have been watching carefully this account since Monday morning when we noticed the strong drop on the HIVE price.
This account received mainly from exchanges as UPBIT and BINANCE a massive quantity of HIVE tokens.
Currently is holding more than 1 Million HIVE and around 220,000 HBD and it is continuously feeding the very few available HIVE exchanges, BITTREX and PROBIT mainly but also BLOCKTRADES, with a constant supply, adding more and more selling pressure to HIVE.
In the meantime, the very same exchanges that donated their airdropped HIVE and HBD tokens to this account keep maintaining the deposit/withdrawal and trading pairs closed.
Obviously I don't think we have touched the bottom regarding the HIVE price. I guess we will need 11 weeks more of power-down process in order to know what would be our ground...so, I am going to take into account this when I trade my next powered-down STEEM tokens in the coming weeks, it is very likely that we could get a discounted price for HIVE also.
The option I see clearer now is to sell STEEM for BTC and keep this BTC aside during some weeks before buying HIVE at a discounted rate.
I wonder whether should not be good that all of us do the same strategy...at least while HIVE haters keep selling HIVE.
What do you think?
In the meantime, let's keep and increase the activity and visibility of this community blockchain.