Everyone is familiar with the little pump that Hive did about 2 days ago. It is mostly talked about on X (Twitter), and it was encouraging to see Hive among the top gainers that day. These small pumps may appear insignificant in the grand scheme of things, but the benefit is substantial. Pumps are not just for profit; in fact, pumps like this should not be considered a reason to profit at all.
It is mostly selfish, two, it is probably premature, and three, it kills the upward momentum. Pumps like this have several advantages, one of which is psychologically beneficial.
The Dopamine Effect
The Dopamine effect of a pump like this induces happiness.
Take splinterlands, for example; some people are beginning to blame Hive for the game's underperformance. The reason they feel this way is due to what I call aggression transfer. For example, we mostly want to despise BTC for pumping independently and dragging alts with it when it drops.
People also want to transfer the aggression of the splinterlands to Hive, believing that the ecosystem is to blame, but this is purely emotional, and it is not true. It essentially means that an asset's price must rise before people can attach a psychological value to it. This is when people realize they need to buy even though they could have done so at a lower price. It is true that catching a falling knife is pointless, but in crypto, there is a gravitational force that opposes this saying.
A Feeling Of Satisfaction
So, a pump like this eventually creates a psychological feeling of satisfaction and happiness, and the feeling of seeing the value of one's bag increasing is satisfying.
A pump is now intended to generate profit, not by converting to dollars and selling, but by trading and profiting. Selling is not the only way to make a profit. For example, if we have HBD, selling Hive for HBD at this time allows you to buy more HBD, and if the price of Hive eventually drops (which it should because the pump may not last long), you can use that HBD to purchase more Hive.
A person who does this for several months or even a year will significantly improve their standing and gain more money. The internal market is undervalued, and when used correctly, these tools can be accumulation machines.
Aside from that, there are also marketing purposes. Being a top gainer for even two weeks out of 365 days (intermittently) is a marketing campaign in itself. I saw the positive vibes of people who are using the gains to tweet on X. It felt good for them, and I could sense their free spirit.
A Buy, Or The Koreans?
I can't say
Now we really don't know if it's a person that's buying or if it's the Korean. Most people do not care about the source of a pump or the archetype; they just want to make a sale. Sometimes knowing the source is necessary to keep up. The Koreans did pump the coin (Hive) a lot before the last bull run and even during the run. They are mostly known to do this for fun and for personal reasons. However, until the market is truly bullish, it is a bad idea to sell; instead, increase your liquidity and position if you already have liquid Hive.
I do not have any liquids, and the ones I do have are primarily for powering up. I do not delegate for any reason other than to help others who want to grow. I have fallen short of most of my goals due to chronic medical conditions, but I am not worried because I have faith. Again, it is your responsibility to fight for the improvement of the chain; it is rewarding in the long run.
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