While I was checking on the dump portion of the most recent pump and dump that was occurring I saw Hive rebounded quite hard. Usually when I see the KRW/Hive trading pair doing its thing I know there is going to be a big dump upon its finished pump.. its just how things are.
But I was surprised to see it stabilize so quickly.. It is possible the P&D is not over yet, but it seems like its possible due to futures launching there is now more volume coming into Hive.
We can see the dump and it quickly corrected upon futures launch.
I am skeptical if this is bullish for Hive in the short term. When I saw Bitcoins CBOE futures launch we had many big drops before we saw Bitcoin climb to all time highs. So its hard to say how this will affect Hive as well now there are futures.
Personally I will not be trading these, as I am a US customer. But I am thankful for such Bitcoin futures like BITO, if you do not know about it do some research. You can earn dividends based on Bitcoins volatility through that ETF.
So we shall see how it all plays out, but interesting new development.
You can find the announcements below.
https://finance.yahoo.com/quote/BITO/
Link to a Bitcoin futures ETF above.
None of this is financial advise, just my own observations.
Bybit exchange wants to be a pioneer in margin trading. That's why it lists assets that it doesn't list in the spot market in margin trading. The real development for Hive will be Binance's listing in margin trading. Because when Binance listed Steem in margin trading, there was a big pump.
Let the degeneracy begin..
Just trying to catch ya one last time. 6 minutes left in 3rd quarter and we never locked in a booked. If u see this before end of 3rd I’ll still book original bet. If not oh well but I’m hanging out here until the of 3rd to see.
I know nothing about futures. It all seems pretty complicated to me. I'm in the US too though, so it probably doesn't even matter too much!
It just encourages pumps and dumps. It’s not good for our platform at all. With our tiny cap and low volume people can manipulate price easily for short periods to make future bets and effect price themselves.
That is fascinating, Bybits isn't really big but you take what you can get. This still feels like a pump and dump to me, but I hope I'm proven spectacularly incorrect though!
Indeed. It’s not helpful at all. It’s just degenerate gambling BS.
First Mexc, now Binance & Bybit. This means HIVE will trade with high volumes and that's a good news for all of us.
Thanks for updating!
$WINE
It means big players will manipulate price themselves as our cap is tiny. Dumps & pumps isn’t helpful to our platform at all. It’s just helpful to gamblers.
But it’s catching the attention of big investors. HIVE is listed in Binance's gainers category, attracting high-volume investments. Since the 22nd of this month, HIVE’s trade volume on Binance has skyrocketed compared to previous months, which could be a good sign.
Finally, to attract more market capital, we need Layer 01 smart contracts on this platform.
$WINE
It’s not at all. It’s catching eye of big gamblers not investors.none of these gamblers will be stacking Hive. Just betting on it and causing manipulation. Cheering this is shortsighted.
We won’t see the bigger picture until HVM is implemented. Once it’s on the table, the story might change, and I believe $50 HIVE could become a reality.
I’m team Hive since the fork in 2020. I spend 50 hours a month on here. But $50 Hive even being seriously mentioned is beyond fantasy land. Again I invest 50 hours a month here. I love Hive! But this is just not a serious call.
I dedicate at least 5 hours a day here. #HIVE has the potential to rival #ETH Smart Contracts. What we truly need is Layer 01 contracts. Let’s hope #TEAMHIVE prioritizes powering up the #HVM—it could unlock opportunities beyond our expectations. 🚀
Definitely good for HIVE, I wish we could see some US listings though...
Not good for Hive at all. Just good for large actors to manipulate price and cause pumps and dumps with our tiny cap.
Bullish only!!!!!
Hive is working to be huge how we deserve it!
The pump and dump is enervating, I thought Hive was on a smooth ride up.
Fingers crossed! 😁
“We can see the dump and it quickly corrected upon futures launch.”
The dump was likely connected to this actually. This is just a casino item. Doesn’t help Hive as a platform at all. Just means dumps and pumps caused by people not here will be normal with our low volume.
These instruments are good for one thing only. Pumps and dumps. Not helpful to Hive future at all. With our tiny cap it’s easy to manipulate and make money betting on futures. This is not a win for Hive platform stability
Ohh! How cool 👏😊. Great news you show us @solominer 🤩, at least we know there is still utility in the token and some volume is coming in to list it in binance and Bybit futures.
I hope to list it on Coinex futures which is the exchange I can use in my country cuba 🇨🇺. Cheers crack and I hope you touch my sell order this time for the 0.48 👌😉. Happy start of the week. !!
Looking good for Hive traders to have futures to play on. 😀
$PIZZA slices delivered:
@danzocal(2/10) tipped @solominer
!PIZZA
I did not see the futures news i think that’s good for hive? Short time we might see some more volatility but more products that allow hive trading is positive in my opinion.
Good evening my brother
I just saw and started to understand it, it is very complicated for me.
I've only heard the futures but never traded, even I heard that it's a very risky part to go. I don't know if it's good for hive community overall but I'm not going to trade futures because its not my cup of tea. The primary reason behind the current pump is the Korean exchange and a major chunk of volume is done with KWR pair only so we will see it settling down soon like a few days hopefully.
No matter what this is still good publicity for Hive. Surely some people who didn't know about the Blockchain would get to learn about it from seeing it available for Futures trading. 🙂
dang that's kind of crazy. I could see that being manipulated like crazy with this lower market cap lol. Going to be making for some interesting times!
🫶🫶🫶
Wow! Thanks a lot for sharing some interesting observations about the Hive futures launch! Good luck in your trading explorations, my brother!🙋♀️
Not much of a trader these days but just knowing these exist is great given the implied volume increase Hive should see from them. We desperately need it!
It’s great for pump & dumps. It’s not good at all for our platform overall.
The pumps at least put Hive into the public eye a bit more when they take place, and Hive definitely needs as much advertising as it can get.
Same in 2021 and that ended horribly. We’ve lost users and the DHF is printing 75% our market cap a year for many projects that are total waste. We need major changes here. I only say this because I love Hive. I wouldn’t risk pissing big whales off of I didn’t. I just think many people don’t get this isn’t a big great thing. But u do make a fair point about attention. Just personally see us with less users than prior bull and I wish we’d reform the DHF. There are good projects but there are total handouts that are worthless also.
The DHF is a completely different topic but I fundamentally agree there. It definitely doesn't help when so much of it is thrown at things that genuinely have no benefit. I'm really not a fun of the rally car and have seen others being quite vocal about it too.
I also know what you mean with the users too though, I've noticed in the past year that activity has decreased a lot. Big communities still aren't seeing what they used to see both in bull and bear markets. A lot of them are propped up by the same few posters. This place is still incredibly small still, and the interests in what people post about are thin beyond photography/finance/travel (I tend to choose these since they perform the best typically).
I'd be lying if I said I wasn't expecting a Binance delisting announcement any day now for the past year based on how weak the daily volume has been.
Not so much familiar with futures but I hope Hive comes to spot soon. Bybit is usually where I make fiat trading and it's really a big news....let it come to spot trading🤲
I'm looking forward to see the good future of Hive.😊😊
They are finally realizing on the outside world that Hive exists. The future of Hive is today
Not really. Just realizing it’s a small cap and big players can affect price so it will cause dumps and pumps. Didn’t help our platform at all.
I was wondering how nobody was talking about this news... In one moment, I thought that Binance was trolling us... 😂
Let's see what happens in the next days!
I just hope all these augurs well for Hive.
Yes, I saw this yesterday. I think the reason why #Hive is on the futures list is because #Hive has risen so high.I hope this series continues.
To be honest I don't understand about the funtures trade but I hope that the future #hive will be bright in 2025 my friend 😊
This instrument isn’t helpful to our future at all. Just encourages pumps and dumps.
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I'm reading the announcements to understand better, but I believe that anything that is positive for hive, which in this case is these listings, is good for us. The more exposure the better, just as the dumps that highlighted the Hive token can also draw the attention of new people to join the ecosystem.
Ah man yes perhaps this is what explains the latest Hive price pump. I found it both impressive and curious at the same time why Hive had made such a rebound after the latest pump then dump, because most of the other alts weren't moving much.
I think this strong performance is definitely exclusive to Hive and now I have read your post it makes more sense. Yes, of course we need to be cautious because it might not be as a result of futures but if Hive sustains at its current price level we can't ignore the genuine possibility that more volume is coming in due to futures.
Great observations!
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