Less than a week we have witnessed #Hive price went up to the sky and then slowly coming down. It was anticipating as a quick pump and dump. I knew the dumping part was coming. #Hive did not go way down as BTC was dwindling down around $22k+ before gravitated back to $23k. Give it to transactions happening nonstop and we see the fruit of supply and demand. It is a simple task that keeps on flipping the price.
Lately that resistance is paying #hive a visit. It seems 45, 42, 44 cents are the lowest we will go lately. There are many forces playing for #Hive to go up. The first one has to go with holders, giving a clear statement we are not for sale. It builds confidence and with crypto, the trust factor is baked into how the token is operating. Second #Hive is somehow stable when you focus long term. The price you see today will reflect the same even better in a month.
Hard to say or know the traditional market move, #Hive has been doing what it should do for a long time, provide the right support for #HBD. Third there is a holder, putting HBD to the test. When you have 20% passively coming your way monthly, you do not need to position yourself to use the PA. It comes to conclusion, the most conservative way to make it surely is all about investing where losing is not part of the equation.
This is what we have two days ago for the blockchain. Today we have less Hive available and more HBD available. It is a very positive situation to follow. #Hive is being burnt to create HBD. It is a slow deflation for Hive, pushing the value high.
NO wonder why one diamond paw suggests, we need to accumulate more Hive. Understanding how this blockchain works. You have the funds to make a move, definitely it is what is happening with #Hive.
February is a month with a short sight. I am following how #Hive will reacts in the long run. Having less #hive is good. it will eventually push #Hive price if you need it to mint new HBD. I knew it is a working progress.
I know it is already out, I am waiting the moment when you can almost everywhere Hive via a card. I know it is happening in small area. Having a widespread presence and allow Hivers to hold and share the revenue with them is priceless. Liquidity is the elephant in the room.
#HBD could be the resilient dollar pegged that keep giving Hive the support it requires.
As long we believe and building, the rest is history.
Keep making #hive your home.
