The Reason Why Hive is mooning, it's an Error

in LeoFinance3 years ago (edited)

5370.png

People awoke today to the sound of popping champagne glasses and chocolate cake, fortunately no one had to trade a house for the chocolate cake. It's not 1900BC. But people are celebrating and rightly so how awesome is it that overnight we've become thousandairs and probably a few millionairs too.

I have to admit I didn't really look into it or care too much, I'm no where near my target if anything it means I get a better exchange for the other tokens I support on Hive Engine. But it's in no way going to make me rich enough to retire so keep on earning, buying and staking.

@ecoinstant just brought something to my attention though and that there is significant investment occurring with the other Hive blockchain tech company. The company that requested Hive (this block chain) change it's name. I found that odd as this is a decentralised block chain but meh who knows. Not my thing to think to much into it.

Screenshot_20210328-223804_Samsung Internet.jpg

Hive Block Chain Tech though has recently been in the news for its partnership with another company and moving into the realm of Defi. You can read their press release Here

Unfortunately this newly released news which happened two days ago has sent the market into a frenzie as crypto investors move to invest in the up and coming partnership which will probably net the company good returns.

Imagine seeing that news and the investment into a brand new Defi project was .60c a bargain! Even CUB has never been that low. So naturally investors without doing much research see the token Hive and rush in to nab liquidity.

You can correlate the error with the actual companies price which is in the red at $4.14. So clearly there is an error occurring with trigger happy crypto investors. I could write a piece on how people don't do enough due diligence prior to investing. But that's pretty much what's fed most of the crypto boom and busts. "Quick! New coin buy it Ankr is a good example on coinbase. No doubt as Coinbase is now a publicly legal exchange that token will easily reach $1 and more and more people will continue buying into it. Because it's cheap and they have no real idea what it does or its use case. But it is easy to buy and you get it right away. $20 will buy you 100 of them. Imagine the next bit coin bro? No, no it won't be but people will believe it.

Screenshot_20210328-223840_Samsung Internet.jpg

So sorry to burst everyone's bubble but from a quick search and something that was posted in bro discord it appears that our current price rise is due to a market error or more so, an investor error.

But it is really nice to look at my Dolphin stack and see that I have enough to.pay for my annual food bill (Australia is expensive as anything)

I hope this helps alleviate some of the confusion and I could he totally wrong, so be cautious. But I'd give it a week or two for when these investors release they have bought the wrong token.

But keep in mind Hive is moving to a defi model and smart contracts so there is a good chance $2 next year.

Sorry to tip out your champagne and end the party early, hope you haven't started a power down.

3W72119s5BjW4PvRk9nXC1RsHWxNoWjhqsdMpcQhVYtgY79TTYQxi5s2Yd88E8HkDAiDJ5ThyT6ADmiqQ6aKrJuubiG6ekFRiQw4g5RcDkwfjvfeMxGWDL.webp

2923mN3pnd7PfoCxi33KmQBGRMVc3LuPSdqaxkc4VTC4w3DcqvmA77rgoJahJzwsLbKmDRaeAf4oE1UsghBqoaGXtY5VM1T1pZqeEepjbQNt2A.webp

Posted Using LeoFinance Beta

Sort:  

You can say it, doesn't make it true. I'll keep celebrating anyway :P

🤣 the news is there. Fingers crossed I'm wrong lol

Meanwhile this also happened the same week:

  • Marketing proposal approved and about to commence :

  • Writeup from Vitalik citing us as an example of legitimacy ~~~ embed:1374603468212686848 twitter metadata:aGl2ZV9ibG9ja2NoYWlufHxodHRwczovL3R3aXR0ZXIuY29tL2hpdmVfYmxvY2tjaGFpbi9zdGF0dXMvMTM3NDYwMzQ2ODIxMjY4Njg0OHw= ~~~

  • One year anniversary/birthday

  • Won the "Most innovative crypto product" at the ADVFN international financial awards 2021

...

In my view this is all long overdue, and completely unrelated to whatever some mining company announces. They have a different ticker, trade in completely different places, in different price ranges. Your theory makes no sense imo

Well played, Like I said at the end. I could be completely wrong. I'll wait and see in 4 weeks time. Either way nice pump and I'm sure Hive will retain at 80c (AUD) I'm glad I bought in when it was 17c for us.

It's been a great block chain and I enjoy it here. Hive has something no one else has (in my opinion) a strong community made up with lots of really good different people.

It's fun and you get to earn cryptocurrancy. I don't think I'll be selling or powering down though. Well unless Hive hits $500 then I'd have to reassess but then I'd probably just keep blogging and curating.

Posted Using LeoFinance Beta

You know if the pump had of happened on Binance and maybe during the day time hours in the continental unites states I might say you and Eco were on to something, but I think your wrong. As I pointed out to you late last night, around midnight, on a Saturday night here in North America the pump was coming from a single Korean exchange where it was Sunday morning.

North American investors weren't clamouring to a Korean exchange at midnight on a Saturday night to buy HIVE...

That's true, fingers crossed we continue the boom. $1 is a great market price and will attract alot of new users.

Posted Using LeoFinance Beta

Who cares.... sold a ton at $1.02 ...

Posted Using LeoFinance Beta

Your shout at the pub!

Posted Using LeoFinance Beta

I bought a bunch of Hive.v stock on the Vancouver Stock exchange last March when I thought it was Hive blog.

Oh wow! That's the opposite hahaha do you still have it or sold?

Posted Using LeoFinance Beta

It went from .16 pennies all the way to $7

Oh wow! Nice price increase and s lucky investment it looks like 😍

!ENGAGE 15

Posted Using LeoFinance Beta

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

I still have 200 shares .... sold most of it at $6

Lol! I did not start a power down but will keep staking. This is enlightening! Shows the importance of due diligence before getting into any crypto project. Thanks for sharing. 🍀

Wellll I hope you are wrong on this one lol .

I have heard about Hive blockchain before as everytime I type Hive on google it shows them first before us . This is not good for us in marketing perspective :(

Posted Using LeoFinance Beta

@ausbitbank provided a run down up top. Could potentially be a good marketing team promoting Hive currently. 🤞 fingers crossed

Posted Using LeoFinance Beta

Well, that got sense. I'm gonna save the beer for the next time.

Shame :(

Never know it could stick 🤞 fingers crossed

Posted Using LeoFinance Beta

This reminds me of the time Elon Musk jokingly hinted with Binance's manager about the possibility of calling his crypto Marscoin and immediately the African mega-billionaire's fans started a massive Black Friday-like purchase of a crypto named that way but that had nothing to do with Musk, Tesla or SpaceX.

I was totally unaware of the existence of this company called Hive Blockchain, but it certainly seems dangerous to me that this similarity in names ends up hurting the Hive we are interested in. On the other hand, it seems to me a somewhat worrying phenomenon that this rise in the price of crypto has not translated into a rise in LEO or CUB, which have had a rather discreet week in this regard.

Posted Using LeoFinance Beta

In time CUB and Leo will rise, there is significant movement on CUB atm with alot less Dumps occurring. Price is starting to rise. I'm happy at its current price for now. I have a few more to pick up to reach my minimum goal then I can continue pumping my Leo lol

Posted Using LeoFinance Beta

This is interesting news and one of the first things I hated how google would send me over to the stock HIVE rather than the actual HIVE. I personally think HIVE deserves to be higher up but I do realize that the most enticing projects have not been finished yet.

Posted Using LeoFinance Beta

Yes, the SEO for Hive is annoying. I always have to scroll so many pages. But there's also never any news on display for our block chain.

I hope I'm wrong for this one though and we are on a price rise

Posted Using LeoFinance Beta

!ENGAGE 15

Posted Using LeoFinance Beta

Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Yes a positive surprise this morning.
The coins under one dollar are currently like a magnet.

Posted Using LeoFinance Beta

Yes in deed. Happy nonetheless. Let's hope it sticks :)

Posted Using LeoFinance Beta

Maybe it's time to divest a little bit out of the Hive token, like into say proofofbrain.

The Best Error ever
keep on making errors

Source

Posted Using LeoFinance Beta

Mistake or not we will take it. 🤑Although I think with everything going on with the Hive ecosystem it is not a mistake. Could some of it be from the confusion maybe but I believe most of the gains was due to everything going on here on Hive.

Wow! That’s crazy news and quite believable.

Posted Using LeoFinance Beta