📉Wednesday Morning Market Talk 🎙️
- Stocks
- Silver & Gold
- Dollar & Bonds
- Hive
- Bitcoin
- Alt Season 2025 VS 2017 & 2021
Edit After Posting ⬇️
Bitcoin breaks 94K at 8:30AM
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Bitcoin is making daily all-time highs so this is good news for wallet coin holders as well, there is still some time left for prices to start going up.
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You have a heart for Hive. I appreciate your honest and frank thoughts @geneeverett it makes me wonder why I put so much time into Hive and will it be here over the long term. I hope more individuals can rationally scrutinize all these DHF projects in honest discussions and propose clearer governance that put the interests of Hive as a community as a whole than over personal benefit.
Wow! While we were sleeping….
!PIMP
Thank you for the thoughtful reply! I often find when I’m critical I get mostly negative feedback. It’s a good to see fellow people who I know love this platform see I care and that’s why I’m critical about some issues…
BTC is most likely going to hit 100k this week. It has finished the first and second bullish waves and is poised for the third. We should see 100k before week out. Hive >$0.35 also. Thanks for the update.
I know that you care about Hive, and I agree that the DHF funds a lot of things and I don't know if they are doing the best job. Most of them aren't as transparent with what they accomplished or whether or not it's worth how much it is paying. I am skeptical about a new ATH for Hive, but anything is possible in a altseason so I wouldn't put it off the table.
Speaking of Alt Season. I’m betting ETH for example doesn’t go to its ATH of $4900 until bitcoin is around 140K. But solid predication at lest 125K. We’ll see Alts move up for sure. But not like 2021 & 2017/2018: I’m betting many don’t for a new ATH. ETH likely does but I think unlike the past Bitcoin beats it in all comparative price action. This cycle is gonna be different. It will rhyme, but not be like the past. We wil see many random crypto’s not go near ATH like we’ve seen in past cycles.
After listening to you talk about Hive and the DHF, I looked up the Steem price to compare, as Steem doesn't have a Fund that it doles out, and they haven't done any development since they reduced the power-down period to 4 weeks, four years ago. Steem just runs on autopilot (like Doge).
Anyway, Steem is at 21 cents, up 14.3% over a month, and up 8% over the week.
So, very similar performance to Hive.
It indicates that power-down periods and development funds arn't having much effect. Neither is interest on savings (Hive pays 15%, Steem doesn't pay anything). Neither is the value of the Hive/Steem dollar (HBD is pegged at $1, SDB price is set by the market and is currently $3).
I think maybe the key thing affecting them both is that both have the bulk of their coins on the South Korean exchanges, which are undergoing regulatory changes. I think someone (dalz?) said 70% of Hive coins are on South Korean exchanges - a legacy from before the Hive fork.
It's not ideal as there are not many Koreans on Hive, and non-Koreans have no access to the Korean exchanges. Am not sure how you'd get those coins to shift to Binance.
You make good points!
Yeah looking out at 12 month charts Steem is doing 15% better than Hive (both down on year chart but steem less). Which like u I agree Steem is just a chain with no real talent in chain activity like we have. Steem actually looked 25% better util this lil pump recently on Hive. It tells me there’s something sucking some value out of Hive in addition to this cycle being different then 2021 & 2017 where bitcoin is well beyond its ATH & besides a handful of winners 90% plus of Alts are nowhere near 2021 highs. Hive at .23 cents from $3.34 high. ETH well below $4900 high sitting at $3100. I believe this cycle is not everything go up like the past. I think many cryptos will move higher than today, but I think most don’t touch the 2021 ATH’s. I’ve been saying this for a year and most people telling me I’m crazy 😂