Direct from the desk of Dane Williams.
Hello my friends.
How are we doing?
With the LeoFinance interface playing games with us again today, I thought I’d take the chance to step back from the SEO grind and write a fun little opinion piece on the Hive price.
Who would have thunked it that beginning 2022 with the price of HIVE sitting on top of the $1.00 USD mark would be a disappointment?
How soon we forget that HIVE was just casually trading at a low of 18c last year.
18c!!
But all our dopey human brains can think of is how disappointing the pullback from $3.00 to $1.50 is.
I do say our...
Although it may be just me.
Sorry for dumping you in the shit with me!
It always makes me laugh when I stop and think about human psychology toward price.
Take the $1.00 USD HIVE price as an example.
When our Korean friends were pumping and dumping HIVE barely a couple of months ago, the $1.00 price was viewed as almost the holy grail.
“Keep your HIVE liquid so that you can dump into the pumps at $1.00,” they all said.
And that was the play.
If you were playing the range anywhere close to the top and bottom, then you no doubt came out ahead.
But then we got the latest little re-pricing event that saw the HIVE price rip to $3.00 and everything changed.
Now we look at the $1.00 as this amazing buying opportunity that the gods have gifted us faithful degens from above.
Have Hive’s fundamentals changed?
Nope, Hive crypto is still a good investment.
We see exactly the same thing on Bitcoin.
Cast your mind back to the previous cycle where $20K was the all time high and absolute cap.
People didn’t want a bar of it.
But just a single cycle later, people would chop off their left nut if it meant they could buy Bitcoin at $20K.
SHUT UP AND TAKE MY MON… NUT!!
Has fundamentals in the overall crypto market changed?
Nope.
The human psychology toward price gets me every time.
If you’re already a part of the Hive community, then hit me up in the comments and share your thoughts on the human psych phenomenon.
If you don’t yet have an account and want to join the community however, then LeoFinance actually offers you the ability to create a Web3 Hive account with nothing more than your Twitter login.
Head to leofinance.io, click the get started button at the top and create your Hive account.
Once you have generated your private keys, you will have complete ownership of your account and access to the community.
The LeoFinance community support group.
Helping each other navigate our pea brain minds since 2019.
Best of probabilities to you.
