RE: RE: [Hive talk] Understanding Crypto Trading - Episode 6
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RE: [Hive talk] Understanding Crypto Trading - Episode 6

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7y

Ok don't confuse yourself further. Put it this way, the 0.2 is only a ratio. There may be one day all of this going to be reset to 1:1 or turning the other way round. But if you're a cost averaging investor, what did you miss in between? You have some in 0.15, you have some at 0.30, and even more at later stage 1.00 because you're selling all your hive for HBD.

Ok, but please explain to me how we can get much lower than that if we have the haircut function preventing the chain itself to convert HBD to Hive to a ratio lower than 0.2?

So, it can't go lower. Which means they don't print HBD anymore, so there's no no way it can fall below that value. Do I understand your question correctly? Let's put an example of current hive price at 0.10 and hive is 0.50, that is exactly 0.200 correct? Since you don't print HBD, what happened to HBD?
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What WHAT?!!!! That doesn't make sense! Dude, nobody is here to make sense. As I told you, dollar is an evil. You know better than me why Venezuela keep on failing their banking currencIES, because they can't stop printing new notes. And worst is, instead of printing new notes, now they printing more zeroes to the notes.

(I am as very interested in these massive hits the Hive price will be suffering until the Korean pockets are done dumping all the way down to 500 satoshis at least.. if this place can survive that I'm going to make averaged purchases on the deeps)

I don't know who are the Koreans that is dumping. Satoshi or not, that is only a way to measure to the bytes. You can have zinga tenga trillion satoshis sitting there but nobody buy it, it will still worth 0.000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000001 USD/satoshi or probably less.

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Source from customized chart with TradingView

Here, I will make this to the public later when I make a post. I always like to see your comment when I'm writing about trading. Your questions actually inspire me to write on the next topic 🤣 HIVE/STEEM. What if STEEM is the denominator, and HIVE is the numerator? Again super mind fucked, because people who are pro HIVE will always "think" HIVE is the denominator, same goes to people in STEEM.

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Source from customized chart with TradingView
Let's flip the table, HIVE as the denominator. WOW!!! 1 steem is actually 1.46 hive now! Overly corrupted by the conventional banker thinking aren't we? Take the dollars out of the equation, the most important is how much crypto do we own. Which side of the crypto did we owned. The ultimate winner is not BTC that was once worth 19k. You can have 0.000001BTC and hodl it all the way there, but did you sell it?

I will try to come up with a table of averaging. So you can see why am I NOT actually bias.

@davidke20: Ok don't confuse | Ecency