RE: RE: From Hindsight to Wisdom: Reflecting on the 2017 Crypto Madness
You are viewing a single comment's thread from:

RE: From Hindsight to Wisdom: Reflecting on the 2017 Crypto Madness

nuthman(74)
Published in
GEMS
Words
162
Reading
1 min
Listen
Play
3y

Yeah, one thing that I worry about with the pumps moving forward - with regards to Hive - is that it seems like every time the altcoins rally Hive seems to sell off really quickly back to a low price. I suspect it is because there are so many people holding millions of coins that were gained extremely easily so they are willing to let them go cheaply. I feel like we could be stuck in this pattern indefinitely as long as this is still the case. Before Hive it was bad because Steemit Inc was selling millions of coins constantly driving the price down every day. Maybe I am just being cynical, and I hope I am wrong. It is just something in the back of my head all the time.

But if those 80% you speak of start buying Hive, then there will be enough pressure to drive the price up faster than the whales can dump. So, there's that!