HIVE, Fulfilling "Your Fears"... Dipping. Probably Time To Get My Father Onboarded
When HIVE was as high as $3 and even a bit above that, there were already some users getting fearful that the pump won't last, and damn how right these were... HIVE has indeed lost half its value in less than a week and will probably loose more... who knows.
Seems to be in recovery mode right now, but at this point the whole market is so illogical that is actually pointless to draw any charted lines or make any predictions. We just need to get along with it. I'm OK with HIVE at $1.5, I was OK with it at $0.13, too...
I guess nobody has "the guts" to stay relevant for that long when prices dump, these are usually the seasonal users, whom I'm actually not a fan of. Nothing against them, each and one of us has the right to use his/her account as he/she pleases, just that... yeah, that's me.
The takes over the narrative whether we are still in a bull market are mixed, to say the least and the fear and greed index for Bitcoin is in extreme fear territory, what's worth noticing though is the fact that ETH for example is "surviving the crash" way better than Bitcoin does and the altcoin dominance is on a rise.
That could point to one thing only: altcoin season... but most of us have been waiting for it for too long to still be talking about it. Maybe we had it already, who knows.
According to a recent report seems that Nayib's conviction towards Bitcoin is unshakable, the man planning on buying the dips for long time ahead. I guess this man has gotten the necessary understanding about Bitcoin and is not easily shakable by market corrections, as most of the crypto gurus on twitter are.
@NathanCRoth on twitter, posted that there are currently 4662.5M internet users, 189.2M twitter users, 10.1M defi users and 0.3M opensea users and my thought was: how many Hive users do we have? A few thousands, a few tens of thousands, I don't really know that for sure. All I know is that, despite people coming and leaving, the platform is gaining more and more use cases and real world practicality.
Exodus wallet had a tweet yesterday about the best blockchain for NFTs and the moderator of the account was amazed that from 100 comments to the tweet, just 2 of them were pointing towards Hive. Hive is not just the best blockchain for NFTs, it is one of the best for almost every social media app.
Despite the correction, fundamentally speaking, I'd say we're good, we're actually way better than 90% of the projects out there, positioned in that 10% of the current projects "that will make it over time".
I was thinking lately to bring my father to Hive. He takes tons of smartphone photography on his daily walks and these could be monetized in here, the only downside to all this equation is his almost non existent skills for English language. If he was born a Hispanic he would definitely find a community where he wouldn't need "the language", but in his case, he's gonna have to use the translator a lot...
Anyway, despite the correction/dip or whatever you like to call it, I'm still bullish on crypto, bullish on Hive and the mass adoption of crypto around the world.
Thanks for attention, Adrian
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