RE: When Will This Ranging Ice Break!

[kenny-crane]

Yes, Hive has been range bound for a while. There are sharp spikes but people (or bots) sell into them and they don't last more than a day, sometimes less. That is a factor we'll have to deal with, if the sellers keep wrecking our rallies. But maybe someone knows who does this selling and what their plan is? Maybe they are implementing a stabilizer strategy for Hive similar to what hbdstabilizer is doing for HBD?

I wonder if those US gov BTC sales are on the market or done over the counter so that it doesn't move market prices?

And if BTC hits $1 mill any time soon, it may be because the dollar's purchasing power goes to something like 5% of what it is now. In that case, still no Lambo!

But I'm here for the social aspect so I don't care all that much about the above. Hive is great if you don't over-focus on the price and money aspect. So many cool people to virtually meet and interact with!

Comments

[mistakili]

I wonder if those US gov BTC sales are on the market or done over the counter so that it doesn't move market prices?

According to what I read around, how they sold it wasn’t reported, just that they already had.

And if BTC hits $1 mill any time soon, it may be because the dollar's purchasing power goes to something like 5% of what it is now. In that case, still no Lambo

Lol my thinking too

But I'm here for the social aspect so I don't care all that much about the above. Hive is great if you don't over-focus on the price and money aspect. So many cool people to virtually meet and interact with

Yes I totally get that, for me, this is just some type of mental sport. It’s like solving a puzzle everyday lol

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[kenny-crane]

Thanks so much for the reply! As I said, I love the interaction on here :)