Posts

Is it Time to go "ALL IN" on HIVE?

avatar of @dagger212
25
@dagger212
·
·
0 views
·
6 min read

Source

A Taste of Success

What a Thanksgiving Holiday! Everyone owning #hive has much to be thankful for this weekend. After literally months and years of ups and downs and highs and lows, it seems our patience and steadfast belief may finally be getting rewarded.

Unless you've been stranded on a deserted island with no internet access, you can't have failed to notice by now that our lovable little Hive, which has been languishing for months in the penny-stock range, has finally come to life. Volume has picked up and the price has spent the last few days making and breaking new All-Time Highs before now settling back to the low to mid $2's.

Now What?

So now what? Is it going to go higher? Will we see it break $5 and maybe head back to those levels seen before the fork in the last bull run? Or will it do what it's done so many times and give us all hope, only to fall back into the doldrums?

I don't know the answer to that question, BUT this time just feels different, doesn't it? I mean, we've all seen the pump and dumps, spurred by Korean exchanges that take the price up over a dollar, only to fall back to original levels, sometimes even lower. But in the last couple months, while those same pumps have occurred, the dumps haven't been as deep. The lows have been getting higher. And obviously, this latest pump took us all the way over $3.50. That takes a little more serious and sustained buying pressure to do that. And now, as I said earlier, we've been holding fairly steady above $2. We seem to be developing a trend. A bullish trend, for a change.

Source

This chart suggests that even a pullback back down to around $1 doesn't break the trend and would lead one to believe it can go higher from there. But will it get that low again? There are arguments on both sides.

A Reason to Tread Lightly

First and foremost, there is the power down effect. Hive is unique in the fact that it's delegated proof of stake (dPOS). Which means that if you want your HIVE to work for you and earn you interest, if you want to be able to use it's "power" to vote and curate and post, you MUST stake it, or "power up". This means that it is essentially "locked" in the system and you are not able to sell it. To do that, you must power it down again, and that takes 13 weeks.

For those who don't know or understand how that works, say you have 1300 HIVE powered up. If you want to sell some you need to power it down. Powering down takes 13 weeks to complete. So if you want to power it all down, you would get 100 HIVE converted back to liquid HIVE every week for 13 straight weeks. You can stop the power down at any time. In other words, if you only want to power down 100 HIVE, you'll want to power down ALL of it, and then stop the power down after the first 100 comes free. Otherwise, if you only start a power down for 100, you'll only get 100/13wks=7.692 Hive per week.

Anyway, the reason this is important is because HIVE made this run without telling anyone first. :-) So there are a lot of people who have their HIVE powered up that can't take advantage of the pump until they get some powered down and liquid. Since the real breakout didn't occur until Tuesday/Wednesday, that means that power downs won't really hit the market en masse until the middle of next week. So there could be (and I emphasize could), a bunch of HIVE ready to be sold into the market at that point. Will it happen? That's the question.

Many Reasons to Be Aggressive

On the positive side, HIVE is obviously continuing to make massive strides on the development side. #3spk and it's airdrop(s) are getting closer every day. If you sell your HIVE looking for a pullback, you risk either missing the airdrops, or buying back higher and getting less. How many people are willing to take that risk? Especially when you consider what 3Spk is bringing to the table.

3Spk

#3spk will allow basically anyone or any entity to create their own ecosystem, economy, and own their own content, all while being uncensorable, highly secure, and able to run millions of transactions flawlessly. The possibilities are almost endless for consumers and creators both. It's a big deal. How fast it gets off the ground is debatable, but it has a very real chance of not only altering HIVE, but the world at large. It's got THAT much potential.

HAF

As I've mentioned in past articles, HIVE Application Framework or HAF is coming shortly as well. You can read the technical aspects of it here, but in a nutshell, it will make it much easier for devs around the world to come and build things on HIVE. HAF will do all the talking to the blockchain. The devs will just be able to code in their language of choice and HAF will make it work with HIVE.

Do NOT underestimate how huge this could be for the HIVE ecosystem. With all the problems the Ethereum chain and others are having with scaling and fees and the like, talented developers could very well be wasting their time building things for blockchains that can't handle their designs. Or even worse, they become too expensive to actually use because the fees are so high. HAF solves that and should be a massive feather in HIVE's cap going forward. Incidentally, there may or may not be an airdrop associated with this launch as well....

HAS

There is also a project being worked on called HAS. I can't find the link right now but, again in a nutshell, it's meant to allow onboarding users to become a much easier process. It's not too difficult to see how big of a benefit that could be to the HIVE ecosystem as that is probably the number one complaint of new users. Going through the hassle of getting your keys setup and figuring out what they all mean can be a scary proposition. HAS will make that much easier.

Play2Earn Games

There are more games coming to HIVE as well. Aside from already having the number 1 blockchain game in existence (according to most metrics) in #splinterlands, there are many #play2earn games already built or coming in the weeks and months ahead. As I've mentioned before #psyberx is an FPS with big plans, #exode is a space colonization/empire building game with big plans of it's own. Then there's the game the 3Spk devs are putting out at the same time as the 3Spk airdrop. It has a new concept using the SIP to make it an HBD sink. HIVE could very well become the go to blockchain for game devs in the future as well.

People way smarter than me talking...

Seriously, everyone in the HIVE community should listen to these two conversations (The First Blockchain Wars with Starkerz and Fireside Chat with Matt and Dan) if they haven't already. One is @Starkerz with #charlie Shrem, and the other is @TheyCallMeDan and @Starkerz discussing where HIVE has come from and where it's heading. Powerful stuff!

Source

So, is it time to go "All In"? I've been contemplating this for a while now. Since before this runup actually. I hate to chase, but I really think this is going to be a top 50 coin in the not-too-distant future, and in the long-term, I could very easily see it being in the top 10. The potential is literally off-the-charts. And it's only getting started.

Buy and hold is the single most proven and successful investment strategy in history. Find projects you like, research the heck out of them until you understand what you're buying into, and then go in heavy and wait for the rest of the world to discover what you already know.

You hear people say, "Don't put all your eggs in one basket", and that can be sound advice if you have doubts about what you're doing. But while those people won't get rekt as often, they also won't be at the very top either. Fortune favors the bold and I think it might be time to go "All-In" on the HIVE ecosystem.

Thanks for reading. Questions and comments are welcome and appreciated. As always, cryptocurrencies can and do go up and down and you can lose all your money. Do your own research!

Posted Using LeoFinance Beta