Hive will stop following BTC
I don't have a source for having this kind of observation. I'm still new in crypto so I don't know how those experts can predict the graphs of a certain cryptocurrency. What I've been doing is just a beginner's conclusion. You can tell me your ideas to help me in learning more about crypto. I have this thought maybe started last week or month. That's the time when the BTC keeps on dipping its price value.
@coingecko site is my source always if I will check the value of hive. Just for curiosity, I do check the other coins as well. I noticed the massive downfall of every coin. I care no less about other coins but only the two of them. BCH and BTC where I exchange my hive through blocktrades if I need money. I checked on coingecko but I always used blocktrades which is very easy for me to send directly to my coins.ph wallet app.
When I saw the downfall of Bitcoin. I was surprised that the hive value didn't follow. If I can remember correctly, it was 13% how much the value of Bitcoin went down. But when I checked the value of hive it had 8% going up. Although, it was not that big amount of value. What concerned me was the price of hive was not affected. Since before I joined hive I always noticed that most of the time it relies on Bitcoin value. When the value of Bitcoin got bigger, hive did the same.
unsplash I don't know what's going on now because I have no clue. I've been reading a few crypto sites but still, no one gave me an exact reason. I know cryptocurrency is indefinite but not like this. The thought of the hive value relying on Bitcoin is what I understand. I don't know if it's good news or bad news. Thinking hive will have its own value without relying upon. That will be better I guess because we all know how much coins supply does hive has.
It may hurt the platform at first because we will not rely on Bitcoin. But I think it's nice if we can exchange hive right away into a certain coin we desire. In that way, we can make sure that the value will keep on pumping up since it can be tradeable in different currencies. This might be impossible but we know how the value of hive didn't go diip-er that much.
This is the time that our tokens start blooming for sure. It won't happen right away. No need to rush since we can see the path going at the top. Let's just be patient and keep on buying hive for a brighter-higher future value.
Thank you for reading
d' dreamboy, @mrnightmare89
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