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RE: Why Hive's price is behaving exactly as expected

in #leofinance3 years ago

I hope you are right, though things are very very different this time around. I won't go into all the specifics as to why exactly they are different and instead just conclude with, I hope you are right and history repeats one more time! :)

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I agree things are different. I still can't believe how similar the price action was between 2016 and 2020 even though things were also very different. Maybe it's just all Bitshares whales having fun pumping and dumping. Let's see what will happen.

Yea it's a lot harder to manipulate coins these days than it was back then. Plus there weren't nearly as many stable coin options as well as fiat on/off ramps. The majority of the pump had to do with bitcoin profits rolling over into altcoins since there weren't many other places to go. I am not sure it will play out like that again this time... especially since altcoins haven't really been able to do much innovating in the last 4 years, at least not compared with expectation.