This might explain why HIVE took of recently and along with it HBD:
@demotruk notes that Korean speculators may have been buying the wrong cryptocurrency and in this case it worked in Hive's favor.
Even if this is true, can Hive take advantage of the mistake and consolidate its position, or will it revert to the doldrums it was in during July and August?
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I don't know what could happen in the next bear market but I think the last few months of this year are going to be pretty amazing for Hive
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The next few months-- 2021Q4 and 2022Q1-- will be interesting for sure, for many reasons. Let's hope we come out of that time with smiles and not frowns.
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I don't know how true this is, we attempted to align it to this same issue previously when we peaked. This time unless there is a few hundred thousand new investors it wouldn't be possible to do the same mistake twice.
Even so, if it is the reason be sure to take profits and buy back in once the dip is here.
Even though we're not giving financial advice, that's a good strategy for handling this situation.
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Well with the price pump, do you mean that there was news for HIVE (stock)?
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I mean that something happened to cause the recent rise. I still don't know the details. That buzz is the extent of my knowledge.
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Well I tend to just blame the Koreans for the pumps. There doesn't need to be a reason.
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It is possible. I just made a major mistake the other day in trying to buy HIVE with USDC. Cost me close to $200.00 which is a great deal of money given my balance sheet.
Guess I will have to sell one of my Splinterlands cards to make up the loss!
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No matter how high anyone of us rank on the Rich List, two hundred dollars isn't anything to sneeze at.
If you end up selling a Splinterlands card to handle this loss, maybe you'll end up with a better card later? Or maybe you can buy back the card at a lower price?
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