RE: Fight with Inflation, Make Hive more valuable

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RE: Fight with Inflation, Make Hive more valuable

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deeanndmathews in #hive • 6 months ago (edited)

Something to keep in mind: the entire crypto cycle. Hive is an altcoin, and altcoins tend to lose 90-99 percent of their value when the market drops. What you tend from the end of 2022 is what you should expect because altcoins lag Bitcoin in rising again. Bitcoin also should not be this high at this point in the cycle, but institutions opened Bitcoin ETFs, and that caused an early bump that no other coin received. Even Bitcoin is stalled for now, because that early bump has worn off. But between October and next October, the market should follow its pattern, and Hive, being an altcoin, should also rise. If we can do things to bring Hive to the public's attention in good time, it should do extremely well.

I am not saying that burning Hive does not help with inflation. I am saying, study the larger patterns.

6 months ago in #hive by deeanndmathews

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deflation 6 months ago

Thanks for your comment, but i do not see lags in following Bitcoin. I see trend on loosing value not to $, but to the BTC. if it would be just lags, then we would have sine wave in HIVE/BTC price, and we have straight line down...

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deeanndmathews 6 months ago

But in downcycles, all altcoins behave more poorly than Bitcoin, in USD also. Bitcoin is up artificially because of ETFs, but if you study altcoins, of which class Hive is by virtue of not being Bitcoin, you will see the larger pattern. Hive is only four years old, and started the last time the market was going up (every four years, so, the last upcycle was 2020-2021). The crypto market patterns are about four times longer ... so, because the market outside of Bitcoin has not gone up a lot, most altcoins are continuing to bleed, Hive perhaps more than some others, but that big pattern holds.

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