1 cent
Around 2016/2017, I dont remember exactly when, I had a target for Hive (back then Steem) price at 1 CENT!
Actually today I will reintroduce this target: MY TARGET PRICE FOR HIVE ARE NOW 1 CENT!
Back in the day the Steem price did hit 7 cent and I bought at that price, one of the best investments in my life ever. It never hit the 1 cent mark though, but maybe it will this time around?
Price of Hive is bleeding
The price of Hive has been going down for almost 3 months now and with the Bitcoin maybe hitting a death cross, Hive might go even lower.
Look at this chart:
HEX which I been recommending two times now, day 3 back in december 2019 and again 3-4 months ago, has been doing more then 1200X, at the same time Hive is in the same price range in the same time period. That is bad news for the Hive bag holders, they essentially been losing a lot at the investment.
Personally I would buy at between 1 cent and 10 cent, but yes I hope to buy as low as possible. My argument for 1 cent is the same as back in 2016/2017, there are too many toxic brainwashed people that has too big of a bag of Hive power, for Hive's proof of brain algorithm to work probably, that is why a low price is needed to distribute the Hive to better people.
I need Hive to pay Hive Engine and others for their services and therefore it is good news for me that the price is falling, I am welcoming 1 cent and if it happens, I will probably buy a good chunk. At currently price I might buy a little, but mostly wait to see how low we go.
The hive blockchain is one of the most advanced and useful blockchain in the whole market, I need it for LasseCash and it is not going away. On the other hand the proof of brain part of Hive, is not doing a good job, we need a total redistribution for that to work and I think that redistribution will take many years. LasseCash have a perfect distribution for good earnest people already, so dont wait for Hive to get fixed, jump on LasseCash and your money, time, social interactions are stored in the blockchain forever.
/Lasse