I bought 250 Hive at 0.10$, it was worth 25$,now that hive is 0.42 and 250 Hive is worth 100$....I'm beyond amazed, I don't think I've ever experienced such profit in my entire time on crypto, however I'm beyond sad, sad because I bought that 250 hive with 160 steem which was my power down, now that is only possible in my dreams.
Suddenly I see why a high Hive price might favour Justin Sun because at this point, I will rather sell my Steem for something else than for Hive, which I just feel is totally unfair because I need to buy more Hive, in bulk discount prices, curating has been more fun with a higher Hive power, getting a thicker skin in the game feels awesome, and yes I'm also building and saving for the future I will be very much part of with this community and technology even as we gradually expand and advance, I can only imagine if many other people also have this idea, it might work in favour of Justin because he might find more people holding their Steem power downs , only due to the situation and not for anything else, anyway, the obvious fact is that the more Steem is worth less than Hive, the less profitable it is to sell Steem for Hive.
So if Justin wants to help save the dumping of Steem, he should buy more Hive, think about it. But seriously guys, I've always wanted a bull run, or a semi bull run like this one today, but this time I'm not ready and I feel rather sad, its just that it is hard to keep such sadness because this mini bull is fuvking amazing! Long live Hive!
So I use Coingecko app to watch my fav crypto's, its nice I recommend it. I watched Hive take off from 0.13$ all the way to 0.21, then I thought it had peaked, it was midnight so I slept, woke up and saw 0.3, all the way to 0.42$, I'm like Omg, my baby is taking her first steps, it was amazing,...Hive is really creating some historic moments and I'm so glad to be part of this ship!
Eventually, I know this is not the mooning, well I don't think it is, but it will be interesting if Hive finds support amongst these new records. However I think if people who bought Hive for the sole purpose of the Huobi giveaway suddenly decide to use the giveaway to add to their holdings rather than sell, then there is more likelihood for Hive to find support around here or even still go higher, think about it. Peradventure they decide to dump, well I get to buy more Hive than I had before and it will mark a very important trade milestone for me.
Anyway, a high price only looks good in numbers for people like me who are not selling. I also find it interesting that Hive can actually make a 140% independent of Bitcoin even if it was likely due to the giveaway by HuobiGlobal, it means that we are still very early in this space and a handful of millions can still shake the markets, shall we be seeing more millions coming in than going out?
Amidst all the craziness in the world this has been one reason to smile.
Thank you for reading.