RE: Hive Price Broke Down Bowl Pattern After Touching the Resistance
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Hive has been in a bear market the entire time Bitcoin was in bull market and ran from 15K in late 2022 to 126K late 2025. That same 35 month period hive went from .26 cents (2022 bear low) to .0811 cents. These random calls of this level means it’s dead are silly. Of course bitcoin is going sub 70K next bear market part of cycle, that’s not even 50% move and we’ve seen it more much more every cycle, even if timing changes and Bitcoin were to go above 126K one more time Hive wouldn’t increase much at all. $1 or $1.50 are beyond fantasy. But to suggest it’s dead is kinda silly. I personally sold most my stake left during the January 2025 pump to .68 cents as it felt artificial AF and I called we’d be at a dime within 12 months. Many people would say it’s dead now. Just like Steem & Blurt. But dead is a relative term in this case. You mean dead like it won’t function? Or dead like it just tiny community? In terms of ever going to its 2021 all time high again of $3.35 , I’d say probably never again, that seems obvious and I’d say for sure never happening unless we are talking a total rebrand or something crazy different , does that mean it’s dead? You gotta be more specific. I’ll always love Hive, but I am sure glad I took a huge chunk off when we were briefly above $3.00 in late 2021. It seemed foooidh not to when I bought in 2020 for .10 average and about 100K HP. Luckily I sold 80% above $2.00 and a chunk of that just cents from ATH. So I’m in the black but sure hasn’t been worth still investing time into it even though my original investment is out ten fold. Just seems a majority of people here are shilling crappy projects like Leo & what not, nobody seems to care about decentralized or anything really besides delegation for upvotes and just these centralized tribe tokens which aren’t even cryptos, they just happen to choose the Hive chain to make home base. I miss the old days when there were libertarian & freedom loving people here.
Edit - Obviously some people care about the real decentralized things Hive can do. I just mean 95% of the people here just seem to be here for daily bot upvotes they buy via delegation or for Leo just pay a monthly fee. It doesn’t make sense when the HP powered up will keep loosing more value than the upvotes add up 2. I just can’t believe how foolish so many people are.
" $1 or $1.50 are beyond fantasy " ... Noo man.... it is not fantasy this is the price our entire platform needs, because our costs are insane and our app systems depend on the market price - they have no income outside of HIVE 💁. We need this price and it is also the price our small users need to build themselves, you can't keep people alive here on bare air and tell them how somewhere far away there is a golden ship that brings riches that don't exist , but are just fairy tales.
And right now HIVE is in a situation where it could go bankrupt take it seriously or not, but when it gets to the bottom of your head, you'll be very confused and then you see why you're even trying here still do something 💁., because every time BTC drops 1 or 2%, we lose 19% or more, which is absurd to see even at the current low price. With such price movements, it's even absurd to make statistics, as if some big whale could just throw everything out the window with one click.
I can say from my own experience with my one page, it's absurd to collect HP, the value of which is taken out through the pool and then later are top user on top say that the small users are to blame if they still dare to use their HP, I've seen this nonsense for 9 years... Every time I a little bit mention it, I feel like I'm always talking to a wall.
Because no one cares or is interested in it ( Yes when they see all time big UPVOTES ) , because they think they will live here forever. Even those people who try to talk about how they are here for the community, my dear users, your community also needs food, it doesn't move around on empty air.
Like I said, I sold most my stake at $3.00 in 2021 stayer buying at a dime. And again in Jan 2025 when we mini pumped to .68
You don’t have to convince me of where price is going. But can you please be specific. How do you mean it will go bankrupt? What does that literally mean? Function issues? Or what do u mean beyond price which i obviously agree on price as someone who sold within Pennies of 2021 high & early 2025 high.
I was look some info how to say it more good and yes you are right I can not say it BANKRUPT..."Bankrupt" is a term for companies or entities with liabilities. A cryptocurrency itself is not a company " .... but ... but I can say this cryptocurrency becomes functionally dead (worthless, abandoned, and irrelevant) " .... 98% drawdown from its all time high, high inflation and absence of a new bull market cycle the probability of it reaching a near zero, "dead" state is very high, likely in the range of 70-90%. " 💁
I believe, as we see with many others didn 99.9999%. There will be hobbyists who will run nods for years after it’s clearly dead for practical purposes. For example we could see .002242 br the USD price and there will likely possibly still be functioning chain, I would assume a lot of the second layer projects move or close up shop so yes I do understand what you are trying to say.
I think there is still a chance Hive can survive, but I’m loosing that belief more & more each week that goes by. I love many people In community, but I see so much nonsense! Seeing devs say with a strait face at Hive fest 2025 that HBD is going to most likely be the stable coin for the Bitcoin network and other ridiculous statements. When our own devs say something so bogus it’s just a bad sign, that’s besides the bleeding of active accounts & other stats. I still hang around but I can’t deny what you say at all. In fact it’s why I locked in profit multiple times past years. I could see a total rebranding maybe work, but the sad truth is the powers that be here don’t want that. I sadly agree it’s going to be a slow bleed and collapse. Might take years but direction is clear.
🤝☕☕ true
I realized I didn’t touch on this part of your reply yesterday ⬇️
“$1 or $1.50 are beyond fantasy " ... Noo man.... it is not fantasy this is the price our entire platform needs,”
Doesn’t matter what it “Needs”
We are not going back there!
Not in 2026 & not later on unless there is some massive rebrand & massive change. But certainly not in 2026 or 2027. I’d bet never but with a full on rebrand and reintroduction down line, I’d say maybe. But it’s clear the devs & witnesses aren’t even close to talking about a rebrand.