HIVE leaving exchanges. I think its nice to see. Will we continue to see more of it and is it caused by Splinterlands?
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HIVE leaving exchanges. I think its nice to see. Will we continue to see more of it and is it caused by Splinterlands?
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At its most basic, crypto leaving exchanges is a good thing.
It means that it is being put into cold storage, or in Hive's case, likely to be powered up.
If it's not on an exchange, then it can't be sold at the drop of a hat ;)
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Yea I think its good news. The only downside I can think of is that the supply dropping means that volatility will increase which isn't good for anyone constantly looking at price.
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If HIVE is being taken off exchanges at a high rate, then the only volatility we're likely to see is to the upside.
When there's no supply to meet demand, the only way for price to go is up.
We want to see as much HIVE taken off exchanges and powered up or used here as possible.
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I agree. We need to get the amount on exchanges down below 15%. That would mean that Hive is in a very strong position.
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That's a good point
I'm trying to do my part even though I can't really move the needle alone :P
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LOL. I thought Hive is getting delisted from the exchanges.
They should be powering up all that Hive and start distributing some love to everyone. 😁
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That was my first though too lol
Glad it's something better than that
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Yeah man. 😜 it was funny when I found out the opposite.
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It would be good to get the Hive off the exchanges. That would remove a lot of the sell pressure.
The SIP will handle a lot of that.
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Yeah. Hive Power has so many benefits and one should not waste their Hive sitting on the exchanges and doing nothing. We should have a power up and delegation feature within exchanges to solve this problem.
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On exchanges is people looking to trade. That is fine because we want trading volume but we also need more of it locked up.
SIPis going to help a great deal when SpkNetwork goes live.
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I thought the same way 😅
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Lol. I guess it might of been a bit misleading but I think people may of moved it into either HBD or powered up. Of course it may of been used to buy HE tokens too (hint at Splinterlands).
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I am sure Splinterlands has some part on it. ✌ We are seeing consistent growth in the number of users signing up on Hive and playing the game.
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I think that is a good thing. It would be nice to reduce the amount on the exchanges. That is the situation that Ethereum is in.
Of course, still most of the Hive on exchanges.
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I hope we do see more of that. Not sure if it was entirely caused by SPlinterlands, but it could be.
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Absolutely fantastic news. More internal HIVE means fantastic gains for us!
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