Hive Rebounds: Bearish no more?

in #hive-1679222 years ago

The mood over the last few weeks had been generally bearish with several banks going under.

But whether that is reflected in the Hive price is another matter.

Screenshot 20230314 at 8.09.58 PM.png

Yes, we saw the dip from 50 cents to below 35 cents, and now it is greening upward. At the point of writing it is at 40 cents apiece.

Screenshot 20230314 at 8.26.31 PM.png

Much of this positivity could be linked to the SVB bailout.

So is it bearish no more?

It is hard to say, as usual. But what I am noticing about myself is that I became more nonchalant about the price movement and the bad news.

The main reason is that my crypto thesis is now rather set. I have a game plan, and I stick to it. For a summary of that, read: https://leofinance.io/@cryptothesis/my-20-strategy-for-hive.

Basically, I continue to DCA!

For another take on the bullish case, check out this post by acesontop: https://leofinance.io/@acesontop/we-re-not-even-close-to-the-test-yet

P/S: This is not financial advice, and please do your own due diligence before investing.

If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.

You might be interested in this post, @thatkidsblack, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!

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Can we reach 5.00 by December? I think it is a reasonable amount with reasonable timing.

😃 i am not that bullish though. !PIZZA

The way we've seen that the black is very high within the market has come a bullish trend. If it continues like this, we'll see that we'll see the hive go up and the hive will once again give us a dollar. Only the person inside the crypto can earn a profit who hold their coins.


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I agree with you: the only thing we can do is having a strategy or a plan and to stick with it. I think it's completely impossible to predict which way the markets are going to go. !PIZZA

Well it must have dropped because of this whole SVB story don't you think? Im glad I swapped over a few dollars worth of hbd to hive.. Not much but im gaining a little atleast

sometimes it's just about exercising the muscles to make these decisions. !PIZZA

I don't really think it's over yet. It's a kangaroo market and I expect things to go back and forth because the volatility and uncertainty is still there.

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PIZZA! PIZZA! PIZZA! PIZZA! PIZZA!

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Please vote for pizza.witness!

HODL! Let the followers of fickle trends chase charts. HIVE has the fundamentals to weather it.

Well said! !PIZZA

Bitcoin from out of no where is pumping like crazy, No one knows the reason, may be it's a bull trap, may be it's the start of bull run. As far as hive concern, it is going to follow bitcoin. It bitcoin keep going up, we can see hive on 0.70 cents soon.

Now, that will be interesting! !PIZZA