Hey there Fox, we are in this foxhole together, quite a few of us, all at a loss in this collapse of altcoin industry, Even the whales here on Hive are down now that their Hive coin is is near its all time low in value.
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I would very much agree with you if we had sat on 60 cents before the last drop, but the problem is that HIVE has been sold off by whales in large quantities since the beginning of the year. And last weekend's dump should be the perfect cake to buy HIVE up for them, but they haven't maid it... they still sell it :))) . It's easy to hide behind last week's drop and pretend that nobody has anything, but our whales have everything, and I know many of them have a lot of BTC. Because they have sold us out for several months already.
I don't want to be smart, but even I can't tell myself that I'm not blind anymore, Here's a picture, The blue circle is where the year 2024 ends and the current year begins, and as you can see we've been sold for the whole year, and kept dry all summer without even anyone trying to raise the price and give us a bull market. This last circle - the yellow circle is the place that happened last weekend inside, it is very small compared to the annual sales, if the price had been kept up, we would not be at a low price due to such a problem, but at the same time, those whales who sold everything have not bought anything back - even with the current decline, so the question is where is the money?? BTC is still over 100 K, it has not come down to 70 K so that we should be in the mud, and here it is absurd to say that there is nothing for our whales. Open 5D Charts and you see it yourself .
You make a good point here ser. The Hive whales have been selling all the way to our current all time low, or close to it, around $0.10. My only consolation is that the dump is in all altcoins, not just Hive. The entire altcoin market, except for privacy coins, is showing no uptrend.