HIVE is in red. It's ~40m powered down Steem compared to 8m HIVE... eventually the bow will break, there isn't enough powered down HIVE to compete with Steem dumpers buying up the cheap HIVE imho
That's a very good point. Personally, I think that both Steem and Hive will be lower than 17 cents in a couple weeks and it is my hope that Hive recovers faster. I am hedging my bets and slowly accumulating more Bitcoin and not JUST selling my Steem and buying Hive. I am trying to have a little in the war chest to pick 'em up if Hive drops like that again.
Yeah, that old chart concerned me as well but this one takes the cake:
HIVE is in red. It's ~40m powered down Steem compared to 8m HIVE... eventually the bow will break, there isn't enough powered down HIVE to compete with Steem dumpers buying up the cheap HIVE imho
There's also the possibility if they didn't freeze accounts on Steem, that last dump would not have been so severe.
That's a very good point. Personally, I think that both Steem and Hive will be lower than 17 cents in a couple weeks and it is my hope that Hive recovers faster. I am hedging my bets and slowly accumulating more Bitcoin and not JUST selling my Steem and buying Hive. I am trying to have a little in the war chest to pick 'em up if Hive drops like that again.