Our fall into the abyss continues...
I have to say that I'm already "immunized" in a way...
but, I won't deny it, it's still painful to see the bleeding.
The worst part is that there's nothing we can do at this point.
We should have reacted much sooner...
I'm speaking in the plural, but it's clear that we're still at the mercy of a few persistent sellers with such large stakes that whatever our reaction might have been would have been fruitless anyway.
I don't think we're going to hit absolute zero, but it's very likely that we'll fall below a hundredth of a dollar.
At this point, the effect that further amplifies the price drop is that these few persistent sellers aren't going to stop, regardless of whether we go to 0.02 or even lower...
If the price drops, they sell even more, and it doesn't seem like anyone wants to buy taking advantage of the super drop, since these people will simply sell an "order of magnitude" larger of HIVE, keeping the price at rock bottom.
I'm about to place a buy order for $1000 at $0.001 to see if we can catch it and make me a "millionaire" in HIVE (LoL)
Sorry for the drama.
You know whats interesting, at the same time that HIVE is tanking the price of Splinterlands $SPS is increasing..
In recent weeks,
A price change from $0.0029 to $0.0033 representing a 13.79% increase.
So the SPS/HIVE exchange rate is rising fast, resulting in $SPS having a significantly strong relative strength against HIVE.
Ive not looked into the markets to Investigate Hive -> SPS rotation. Just idle conjecture. Popped into my head while looking at your post.
Not a bad increase, however, both tokens are linked so, if HIVE drops then...
Not looking great.
We need an impuls up.
Only fools invest in stocks or crypto that keeps on dropping.
The bleeding continues. I think that HBD isn't looking that solid either with the price of Hive dropping, so I might start changing that into Hive after the start of the next year and leave some to see if I can catch a dip like you lol.
🫣📉
who is selling this low????