In an attempt to put my finger to the wind, I posed a little question to the community yesterday: What would you do if Hive dropped to ten cents?
As predicted, the comments were positive. I think the hardcore Hiveans would probably increase their holdings—but it’s still fascinating to watch.
It’s obvious I don’t hold the answers here, and it’s possible nobody does. Yes, there’s TA, and a few analysts I follow in an effort to understand what’s going on. But honestly, things don’t always make sense in my head.
I see hundreds—if not thousands—of projects with nothing: no working product, just empty promises. Yet their valuations don’t reflect that reality. Meanwhile, here we have a community that not only refuses to leave or turn off the lights, but keeps building—regardless of what color the candles are.
Not that I ran this by the boss lady, but I sincerely think that if Hive goes to ten cents, I might have to sell my car or something. Selling Hive at that price feels criminal—like stomping on flowers just for the chaos—and I don’t think I could bring myself to do it.
Even today, I’m thinking about how to avoid selling at eighteen cents at all costs. Sadly, what’s in my pocket won’t last more than two days, but I’m already looking around, wondering if there’s one thing I can part with—one thing I could sell to someone.
One of our newest whales thinks this is the bottom, the last red sea before we shoot up. A part of me really wants to believe that. I am, as the kids say, all in. But to quote a wise man who once warned me:
The markets can stay irrational a lot longer than you can stay afloat.
A punch in the gut, I’ll grant you that. But it keeps me grounded.
MenO
