Hi there my Hivean friends and followers!
As most of you certainly know by now, Hive has been enjoying a very nice pump since yesterday and because it may well be the very first Hive pump that some of our younger fellows here on the blockchain have experienced (the last massive Hive pump was actually the one that followed the very creation of the coin right after we forked out from Steem almost a year ago), I figured it might be useful to mention a few things that are usually associated with such an increase in the price of the coin.
As recently as just a couple of weeks ago, Hive was hovering around just $0.1 but it was growing significantly over the past few weeks to spike at more than $0.41 yesterday, representing a stunning 400% rise over a relatively short period of time. Now the price seems to have stabilized a bit around the $0.35 mark, which would still be an amazing starting point of some epic journey of Hive to where we all want to see it and where it surely deserves to be ;)
But back to the changes that the price pump usually brings to the community. The good news is that the dollar value of your post payouts and also of your upvotes goes up. It might actually take some time before it becomes fully evident since it´s calculated against this feature that I think is called a "3 day moving average". But it´s already happening and for example my full upvote, at some 37k HP (and 100% voting power), is now worth almost $0.50, which is by far the highest value since the last pump almost a year ago. You can check out yours at HiveTasks, HiveStats or some other apps that track the accounts stats.
Another thing that also follows a large increase in the price of our token is the overall engagement level on the blockchain. We are probably going to see many of those "I am back" posts again. Enticed by the higher price, people will start posting more. I know it may seem natural but in fact, it´s not. Quite the opposite actually. How come? Well, if you start posting more when so many other people do, the competition for the daily reward pool increases greatly, resulting in every author getting a way smaller piece of the cake than it was during the quiet times. I mean this is exactly why persistence and consistency are so important here on Hive. If you stick to your engagement routine regardless of the token price, you end up having a great advantage over those who only come here when the price is high because that´s the time when you actually get the least of rewards in terms of the amount of the token.
So let´s enjoy this pump and all the good stuff it has brought but don´t turn your back on our chain and community when modest times come again ;)
This post was created by me for the Hive blockchain exclusively. All rights reserved.
My recent Hive BUY order got filled, and it's price almost doubled in the next 12 hours.
It does not happen to you every day, right?
Posted Using LeoFinance Beta
Wow, congrats :) Very cool feat.
Hahhahaha nice call there dude
Great advice! I still kind of shake my head at the people who stopped posting when the price was really down. They sure did miss the boat on that one!
Posted Using LeoFinance Beta
Exactly :) They miss out on a lot. Being loyal and dedicated surely pays off ;)
Against the advice of a friend, who thought that Hive would keep decreasing in price, I actually invested quite an amount (at least for me) which I made from another crypto investment in Hive. Just a week or so before Hive pumped.
So I'm quite happy with that at the moment. If only I could get over my motivation block to start writing more regularly again. But I keep finding reasons for doing nothing.
Niceee, I am glad to hear that :) Well, during those 3.5 years I have been here, I have heard countless bitter comments about our chain, coin and community from various naysayers... I think I know enough to make my opinion, which is very different from theirs so I just dont bother with them anymore ;)
I came back today after about a week away from being in a nightmare moving house and feeling like a crappy friend who hasn't called to say hi and actually haven't even checked anything yet, but have seen a few posts mentioning a pump, so I can see why you're writing this, but I'm still not quite sure what it all means- I mean, obviously the price has gone up- from what you wrote, but why and what will be the consequences of that?
Will it drop down again to a whole new low or something more sinister or even better?
These are tricky questions :) I actually haven´t even figured the background of this sudden rise but I guess it has something to do with all those recent marketing efforts by many great people here on Hive. But where do we go from here? Hard to say but I am sure the potential of our blockchain and our community is much bigger than what the current price says ;) Will see. Thanks for stopping by.
Hmmm interesting times ahead I think.
Either way, the longterm benefits of being on here and meeting everyone is priceless as far as I'm concerned.
That´s for sure ;)
Sorry to put it like this: It means NOTHING to me as HIVE-HODLER!
Hive on 😘
Now you are talking! :D ;)
Exactly! I'm not feeling any urge to cashout or take advantage of the current price. Instead, I'm enjoying the dip in prices of the tokens in Hive-Engine to stack up on a few of my favourites!
Awesome, sounds like a great idea :) I know you are also one of us whose engagement don´t change with the price. Cheers to all Hardcore Hivers! :D
@tipu curate
Upvoted 👌 (Mana: 98/112) Liquid rewards.