What takes place on Binance isn't the HIVE community / investors trading back and forth. It's Justin trading with those who still have their airdropped HIVE tokens locked up.

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Before you crucify me, let's look at some facts shall we?

I know I know...Binance is the big name when we talk about crypto exchanges. Huge volumes compared with the competition which is usually the first thing traders / investors care for.

Who wants to buy or trade a coin with very low volume? Nobody, It would take ages before a buy or sell order is filled. And it is usually game over by then...

Things are pretty simple. You want more eyeballs on your project? Centralized / decentralized it doesn't really matter. A Binance listing will definitely help you with that. Couple that with a USDT pairing and things look...promising. People usually pay for such listings let alone when it is combined with a USDT pair. And it usually costs a lot.

But since they screwed us over when they used custodial funds to help Justin take over Steem, and later on when despite having liquefied 2 / 13 weekly payments from the power down they initiated, they still didn't allow people to have access to their Steem funds.

We have been really vocal, especially on Twitter. We've exposed them... Couple that with a ton of free listings Hive was getting every few hours and also the fact the Huobi which also used custodial funds help Justin not only was one of the first exchanges that officially "apologized" but have also hosted a 3 hour+ long AMA in an attempt to help fix things(?)

CZ saw the huge volumes HIVE was recording on Huobi...he's a business man after all. Thousands of trades...he wanted those trading fees...plus a listing would help him save face. There you...have it.

BUT...Don't fool yourselves...CZ didn't do us a favor...Instead he did one to his friend Justin...


Due to initial wallet requirements, HIVE deposits and withdrawals will open at 2020/04/29 04:00 AM (UTC)


That's the key part. Why on Earth should they enable trading when for the next 48 hours both deposits and withdrawals will be suspended?

Hence HIVE is being traded ~ 20% lower than any other exchange all day long...

You think I am overreacting eh? Just think about it. Who's gonna be benefited most out of it?

Justin Sun of course...We are aware that he's been airdropped at least 3.2 mill HIVE tokens. This number could be 2x or 3x depending on his Steem holdings the time of the snapshot.

I've also checked @ned's account. He also received ~14K Hive from the airdrop...Damn...those tokens should have been burnt if you ask me...He kept helping Justin after all throughout that mess.


I was saying? Oh yeah...about Justin's Hive holdings....

Sounds to you like a conspiracy theory? Well, have you checked STEEM's volume ever since CZ made the announcement on Twitter? No? In that case I am going to leave this here...

20200427 21_51_45STEEMBTC _ Buy Steem _ Binance.png

Laughable...really...1.43K BTC volume...Steem right? Ya know...the coin which has been cruising between 20 - 30 BTC for many months in a row...

From where I stand this is what is going on. He's offloading his HIVE coins and buys back the massive amounts of Steem offloaded by the Hive community. Simple as that...And it's a brilliant plan too...Because Hive went "beast mode" and was traded 4x - 5x higher than Steem did.

In the end he might even make a profit...sheeesh..

Oh and the reason why CZ announce that deposits and withdrawals will be suspended till the 29th? He's hoping that things will cool off when Huobi's initiative ends on the 28th and that price will return back to the "normal" levels...

There's still a way to buy cheap HIVE tho...deposit BTC and grab some...opportunity for us too ;) Good news is that in 2 hours my next power down payment arrives and I won't say no to the pumped Steem price...

Anyway, just my thoughts here people...it doesn't mean that things are exactly as I describe it...nor that it isn't ;)

Let's talk about it in the comment section below.

Have a good one..and stay safe.

Cheers.



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Yeah I think it's all too well planned out. They are all working together, no doubt about it.

I'm just going to let things cool off, and focus on building...Nothing has changed in my game plan for HIVE....But this is how I look at it...

LOTS of publicity and eye balls are looking at HIVE now...And that's a good thing.

Time to show the world what this blockchain is made of :)

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Definitely bud. After all in just one month Hive is already listed on a dozen exchanges for free...and already has usd / usdt pair everywhere, something that Steem never had.

More eyeballs? The whole world knows about us...and we're just getting started...

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My point of view: you described 100% what's going on and most of us knew it would happen.
Now we need to wait until sunny-buy is out of hive so that the price can stabilize again.
It's a pity for those who did not know and bought for almost 1USD.
But I'm pretty sure that they will not regret it. They just need to be a little bit patient ...

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I was expecting a correction soon but it's kinda ridiculous that a coin is being traded -20% on Binance compared to all of its competitors.

Good new is that Hive is now listed everywhere. Next stop...Coinbase ;)

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Coinbase for sure!
And for the European users, bitvavo would be great.

Actually, I would not call this a "correction" because if someone with a big stake is dumping his stake far below the regular price I would almost call it manipulation.
Hopefully, sunny-boy has an "out-of-hive-error" soon so we can see the real value of hive (again).

HIVE ON!!!

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Well, dumping won't last forever ya know...Those last 8 - 9 weeks till people have completely powered down their stake shall be very interesting...Hive on too mate.

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Or those withdrawals will never be open. I don't think we shoud stust binance. Poor people who send their hard earned money there. Bittrex is much better.

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Nah...they will...the fact that they are still messing with the strongest community is beyond me...There are still lessons to be learnt for them...

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CZ and JS are the biggest cheaters (to not use a stronger word) in the crypto-sphere... and you are right about this whole "strategy"... But, it can go through in the short-term, but it will not pass in the long race... and we are running here the marathon...

Great post!

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Hehe, it's def a marathon...I have a feeling that we'll remember these days in a few years and we'll proud of all the things we've accomplished.

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...and looking the news from the future with JS and CZ behind the prison bars... 🙂

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what ever game this guy justin is trying to play out will surely lead him to lose

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Like your positivity mate. Hehe united we stand, divided we fall.

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Let's see how far JS can go... It was kind of obvious situation, I mean many understood it already after the announcement of Binance that JS is going to dump all of his HIVE.

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It's one thing to simply imagine it and another to see right before your very own eyes. As I said a few comments above, there are still lessons to be learned for them.

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Exactly... It's a lesson for everyone ...

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Yes, my thoughts too. My powerdown was Sunday and I expected a sell off today and a steem pump, so held off selling. I was a bit disappointed steem hasn't gone higher, I'd like a better price! Too many people selling steem I guess! I sold some anyway . Will see what the next couple days bring!

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I think I am gonna hold some Steem...Justin-case (like a friend likes to say)

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