Understanding Hive Charts
There is no better day to talk about HIVE and the charts than today when Bitcoin had a huge crash of around 20% and then bounced back where we are at the moment of writing this... 10 % lower than 24 hours ago... In the meantime, check out the HIVE/BTC pair and you will be surprised with what you see... One of the rare tokens that didn't lose its value today is HIVE...
Just a few days ago we had a huge HIVE pump, where the price indexed in BTC almost doubled... After a couple of hours, the price went a bit down, but it is still higher than before the huge pump... And after this BTC dump today, seeing HIVE strong and GROWING is really a nice image for our eyes (and pockets... :) )...
So, what the heck is happening with HIVE? Why is it acting differently than 99% of other cryptocurrencies? Why it has its "own life" and own logic? It looks that TA (technical analysis) rules don't apply to HIVE and it's doing whatever it wants... Let's try to dive deeper into the reasons for all that...
Firstly, whatever others said, HIVE is a completely different coin (and blockchain) than any other out there... It has one HUGE advantage over a lot of other coins out there and that's USE CASE! There are thousands of cryptocurrencies out there, but only dozens have an actual use case, and when I say "actual", I mean that people are REALLY using it...
Secondly, Hive has a huge community that is USING the token every day... Staking, earning, playing games, creating blog posts, etc... All those actions are actual transactions that are USING the blockchain, transacting text, data, or money...
Thirdly, there is a lot of incentives to LOCK your HIVE tokens... By doing that, people are removing tokens from exchanges and keep them in their wallets (as it should be for ANY cryptocurrency out there... DO NOT keep your coins on exchanges!)... By locking tokens, there are fewer tokens in circulation and less amount for trading, which means that markets can be MOVED with less money... That's why we have these spikes toward up (or down) with HIVE and that's why HIVE can "go to the moon" in a short time... Imagine where would HIVE be if we have 4-5 games at Splinterlands on the chain? It's not impossible to be seen in the future as HIVE is positioning itself as a great blockchain for certain types of games as transactions are free!
And for the rest, you should check the video...
PS. I have recorded this video BEFORE this huge BTC dump, but it fits perfectly for this moment... ;)
Thank you for your valuable time,
~ph~
Music in video:
Growing Up by Scott Buckley https://soundcloud.com/scottbuckley
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
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▶️ 3Speak
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
Ah that does make sense. I guess most people don't have liquid HIVE so they run to HE to get HIVE instead.
Posted Using LeoFinance Beta
You are right about that... It's probably the fastest way to get out some HIVE... But again, doing things in a rush isn't usually the best way :)
!ENGAGE 10
!BEER
ENGAGEtoday.Very nice analysis and the pockets are heavy with coins o lala.
!BEER !PIZZA
@ph1102! I sent you a slice of $PIZZA on behalf of @globetrottergcc.
Did you know you can earn $VFT through the PIZZA farm? (8/20)
Thanks! It's not a big problem if you have pockets full of coins! :) :)
!ENGAGE 10
!LUV
<><
@globetrottergcc, you've been given LUV from @ph1102.
Check the LUV in your H-E wallet. LUV changes soon. (1/5)
ENGAGEtoday.!PIZZA
!BEER
@ph1102! I sent you a slice of $PIZZA on behalf of @eii.
Did you know Pizzabot in Discord has a bunch of useful commands? (5/10)
Thanks for the support!
!ENGAGE 10
!LUV
<><
@eii, you've been given LUV from @ph1102.
Check the LUV in your H-E wallet. LUV changes soon. (2/5)
ENGAGEtoday.I am working to accumulate as much Hive as possible for this very reason. USE CASES. There are so many actual uses cases for Hive and its 2nd layer token that I cannot count them all. I am sold on the hive platform.
Hive is a no-brainer! Definitely the blockchain with many use cases and one of a kind... We can't go wrong with accumulating HIVE... ;)
!ENGAGE 10
!LUV
<><
@darmst5339, you've been given LUV from @ph1102.
Check the LUV in your H-E wallet. LUV changes soon. (1/5)
ENGAGEtoday.