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I shared a blog recently about Bitcoin and why I think Tariffs is not the primary reason for the Bitcoin price Struggle.
Then I had 
His comment:
And HIVE , and why hive can not hold 40 cent up, even when BTC long time is up .
So I did my research and even learned a lot trying to put up this particular blog. Here's my answer man.
According to data from coingecko, Hive is sitting at around 21 cents and according to the same platform, it had an all time high of $3.41 on Nov 26 2021.
Screenshot From Coingecko on Google
I had to rely on that data because I haven't been here that long, infact I'm a little over a month in I think, so I'm assuming that record from coingecko is correct.
Thankfully we've got some really old accounts here so just in case any of them reads this, they can correct me and I'll learn a couple of things from you.
It's easy to attribute the decline of Hive to the decline of Bitcoin and as I shared in my previous blog, Bitcoin struggling to pick up is due to more reasons than Trump's tariffs.
I would like to make a similar claim for Hive. Hive's decline in value based on how much I've observed is due to more reasons than just an alt coin response to Bitcoin price fluctuations.
We usually associate alt coins dipping or pumping to Bitcoin, I doubt that's the primary case here for Hive.
According to this source Portfolios Lab the coefficient correlation between Hive and Bitcoin is 0.48. This number suggests to us that although Bitcoin's price movements will impact Hive, it doesn't necessarily determine Hive's entire trajectory.
For anyone that does not fully understand what the coefficient correlation is let me try to explain it.
The 0.48 figure I made mention of is called the coefficient correlation, and this is between Hive and Bitcoin.
What the heck is coefficient correlation? It's simply a measure of how close two assets move together, so in our case how close Hive and Bitcoin move together.
If the coefficient correlation was 1 instead of 0.48 that would mean that the two assets move in perfect sync with each other and we could have just concluded that Bitcoin struggling to get back to $100K all time high is the only reason Hive is also struggling to get back to glory days or above let's say 40, 50, 60 cents.
If the coefficient correlation had a value of 0, that would mean there's absolutely no relationship between the two assets. We would have concluded that Bitcoin has no influence on Hive and it shouldn't be blamed for Hive's dips.
If the coefficient correlation had a value of -1 then that would mean the two assets moves in completely opposite directions. So a price action on Bitcoin would have resulted to an opposite effect and by now you holding Hives probably meant swimming in money when Bitcoin dipped.
But you see with a 0.48 coefficient correlation, it means there's good relationship but not good enough, so HIVE will follow Bitcoin's movements but not as a strict rule which you can bet on.
So if Bitcoin is not the only reason, what other reasons could we think of?
One reason I could think of is the investors. For a crypto to rise, people have to buy it and buy a lot of it. Hive will only rise if money is pumped into it.
For people to spend money on a crypto like Hive which is not as popular as Bitcoin, they would need a lot of confidence and believe in the coin.
Hive is also not just a coin, it's a Blockchain community made up of different niche communities and projects. It's value is not just in the coin but also in the utility of the Blockchain.
When you see the price of Hive dip, do not just think like a Bitcoin holder, ask yourself at that moment, how confident are investors in the utility of Hive, the future of the platform, not the money, the platform.
Also ask yourself, is there any competitor Blockchain similar to Hive that may be taking the attention of the investors from Hive?
The investors are human beings living in economies and have financial decisions to make. Every investor will consider the value and profits they'll make in their investment.
Remember, there are global financial market trends that could influence an investor's decision to buy Hive or not. If perhaps the trend is such that everyone is getting scared with crypto, they might too.
So with a dip of most crypto, there'll be discouragement and investors will choose gold and relatively less volatile assets. If a man is buying gold with all his money, no money left for crypto right.
There's regulatory developments. The governments of the world want to keep their grip on all financial assets because that's where they get the power to control. Seeing Blockchain rise, they'll set up regulations and laws to ensure that they still benefit the most.
Some laws or regulations could ruin the value and reason for an investor thinking of investing.
Just think about this, if someone wants to buy Hive because they believe it's a freedom tool, and let's say the government starts looking for ways to control freedom tools like this, the reason for attempting to invest has been destroyed.
So yes, Bitcoin has an influence on Hive but we could have Bitcoin dip and Hive remain ok or even pump if investors see the need to invest because of utility. It all comes down to investor behavior and sentiment.
Hive I think is just like Tesla or Apple or Google, to get investors we need to impress them with our project and not necessarily the coin. If they get inspired and impressed by the utility they eventually pay for the coin.
That's why the value and quality of the projects on Hive is so crucial to the value of the Hive token. If we want Hive to pump, we need to build a stronger community, projects and utility rather than hoping a bull run would happen because Bitcoin is going up or something.
I would not ignore the fact that, bull runs exist, but Hive can have it's own bull runs without Bitcoin starting it.