Let me start by saying this is not a celebration post at all. I have plenty of friends still over on Hive and my heart goes out to them. Many are caught in the thirteen week power down that I warned about months ago; and I still believe that it's better late than never to power down and make your exit. A lot of people on Hive and people that I care about dearly are losing a lot of money and I only wish they had listened to me sooner.
Speaking of "sooner", the price has dropped in half to $0.50 as predicted, and it happened even sooner than I thought it would. Earlier today on Bittrex the price touched $0.47. You can see my predictions from this post below published in early April, not even six weeks ago.
Furthermore, Hive still has not been able to solidly recover a top two hundred position, signifying it is clearly under-performing compared to other crypto currencies.
The management on Hive are not doing anything to help either. As the broken fundamentals and blatant corruption on the platform is now out in the open and highlighted in this post below; and I congratulate those on Hive for even finding this post, as the censorship on Hive is bad and getting worse by the day.
If things were not bad enough for Hive, even their HBD stable coin is struggling to maintain a 1:1 ratio as earlier today the price dropped to as low as $0.87. Currently it's being propped back up, but that is only at the expense of the price of Hive. Meanwhile the management there toss around the idea of raising the APR to a ridiculously high 30%. Implosion is just a matter of time.
The Hive market cap now hangs around $200 million, down from an incredibly inflated billion dollars near it's highs back in November 2021. I must sincerely thank the "Hive Cabal" for corruptly attempting to down-vote me off the platform, as before they did so, I only planned on selling half of my 21k Hive. Once the down-votes began I powered down and sold everything with an average exit price of nearly four times the price of today's lows.
Future Predictions
The next major support for Hive is a pretty wide range between $0.16 and $0.25 so I'll say the price will be halved again to $0.25 and my next Hive market report, like this one will be published when my prediction comes to fruition. For my friends still holding Hive, I only hope that it takes longer than six weeks this time, as the 13 week power-down is simply brutal.
Critics will say that the drop is only because bitcoin and cryptos in general are down. But this is not the case, as in just the past six weeks Hive is down over 40% against bitcoin itself. Meanwhile Hive's top competitor Blurt and secondary fork off the original Steemit Blockchain is up a whopping 130% against bitcoin in the same time frame.
As I said earlier in this post, it's better late than never to get out of Hive and move to Blurt; where free speech and property rights reign supreme. The fundamentals on Blurt are rock solid and should not be overlooked. Until my next Hive market post you can follow me on Blurt for lots of fun Travel Posts and more! Wishing you all the very best from beautiful Thailand. -Dan "World Travel Pro!"
Do you mind naming the ones that are losing money? I will like to know about them.
By the way I came to Hive without a cent, and have made a few dollars so I wouldn't say am losing money. In fact it is the contrary.
Posted Using LeoFinance Beta
He's pissed off as he was caught re-cycling content and expecting double-rewards so got some down-votes. Then he went nuts and attacked the community. What does he expect.., the red carpet?
A red carpet will do for him, I see another anti-Hive talking trash about Hive, one of these days the down votes will be coming his way as well
Posted using LeoFinance Mobile
I would suggest you review these posts in order if you really want to know what is going on here. Then move to Blurt. This place is loaded with everything from human trafficking to god knows what. You won't believe how they use !pizza to run cover for themselves. Totally sick. All the worst things you can imagine that go on in the dark web go on here too.
https://hive.blog/hive/@world-travel-pro/survery-do-i-deserve-to-be-removed-from-platform-on-said-criteria
https://hive.blog/hive/@world-travel-pro/mind-blowing-and-shocking-abuse-revealed-on-the-hive-blockchain
https://hive.blog/proposals/@world-travel-pro/shocking-down-vote-button-imposed-weapon-of-choice-for-organized-network-of-corrupt-power-brokers-on-the-hive-blockchain
https://hive.blog/hivecommunity/@world-travel-pro/red-alert-wealthy-satanic-pedophile-network-in-full-control-of-hive-blockchain-fbi
who offended you in hive ? you yourself know that the excitement in the crypto world is normal , the rate will be higher than $ 5 , but only you will already look at it from the outside .
Posted Using LeoFinance Beta
I wonder who offended him too
Posted Using LeoFinance Beta
it was me
I would suggest you review these posts in order if you really want to know what is going on here. Then move to Blurt. This place is loaded with everything from human trafficking to god knows what. You won't believe how they use !pizza to run cover for themselves. Totally sick. All the worst things you can imagine that go on in the dark web go on here too.
https://hive.blog/hive/@world-travel-pro/survery-do-i-deserve-to-be-removed-from-platform-on-said-criteria
https://hive.blog/hive/@world-travel-pro/mind-blowing-and-shocking-abuse-revealed-on-the-hive-blockchain
https://hive.blog/proposals/@world-travel-pro/shocking-down-vote-button-imposed-weapon-of-choice-for-organized-network-of-corrupt-power-brokers-on-the-hive-blockchain
https://hive.blog/hivecommunity/@world-travel-pro/red-alert-wealthy-satanic-pedophile-network-in-full-control-of-hive-blockchain-fbi