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Why Did the Hive Price Drop? .:. Recap of Hive Humpday Hangout Ep.25 + HHHLive Show recording

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ph110210.7 K5 months ago7 min read

The best thing about the #HHHLive show is engagement!!! Not just that anyone can jump on the microphone and talk, but also anyone can type in the event-chat during the show, contributing with valuable ideas and comments!!! I didn't see many shows like this one around as usually, one person talks, and others listen... But, in our show, the audience/participants are those who are creating the content!!! That's why you guys are the best!


https://files.peakd.com/file/peakd-hive/ph1102/48PxMKwaTC6pZny748doVgP2aGXxV2FPTq6kuvDP6pxSAyLd92RPsGEQNVkUXaifsG.jpg
Created in Canva.com

There is a lot of fear on the markets and among Hivians, so instead of freaking out and FUD-ing, we have gathered around in the show to discuss (okay, maybe "speculate" is a better word 😀), why did the Hive price drop, and what can we do about it! In the announcement post, I made an analogy with Sherlock Holmes and Dr. Watson, so I decided to stay in the same realm and the show was divided into 2 parts... In the first one, we discussed the reason behind the HIVE price drop, while in the second part, we were talking about "solutions" and ideas on what to do next...


https://files.peakd.com/file/peakd-hive/ph1102/23tkbF4DcCGQEGiCeHeG4sUJewcA9b5MwubaESF9UnsbGiZjuEBo43Dsdseh7hKo2qwcG.png

Sherlock's part of the show

As I said, in this part, participants share their thoughts, ideas, theories for reasons behind the HIVE price drop... For example, @foxkoit said that it could be because of the upcoming #HIveFest2024, so we discussed that possibility... @theringmaster had an idea that this big drop could be a consequence of a Bitcoin drop that happened in the same time... That's something that happens a lot, not just for HIVE, but for all altcoins out there, which truth be told, did happen this time too...

After that, @incublus came on the mic to share his views about the recent drop... One of the theories was Koreans selling HIVE, which we saw in the past happening as the Korean exchanges hold a lot of liquid HIVE and they were doing pump and dump schemes before... This time, we had a rumor/news about some legal changes for Korean exchanges that could be the trigger of this dump, especially for HIVE for said reasons... We discussed that but also compared HIVE with some other irrationally high-marketcap meme tokens...

After him, @relf87 came on the mic and shared his theory of Splinterlands's influence on the recent dump... Maybe that wasn't the main reason for the dump, but it could be a contributor to the snowball effect, for sure! Close to the end of this first part, @melinda010100 reminded us about the fact that markets are usually going down at the beginning of the summer... We had some other ideas on the table too, so don't forget to check out the recording!


https://files.peakd.com/file/peakd-hive/ph1102/23tkbF4DcCGQEGiCeHeG4sUJewcA9b5MwubaESF9UnsbGiZjuEBo43Dsdseh7hKo2qwcG.png

Dr. Watson's part of the show

In this part, we tried to cool down and think rationally about what we do in this position, at these times... The conclusion is not too much regarding the price action, but we can do the right thing and that's to use the opportunity that is in front of us... When we have these price drops, it's the best time to accumulate tokens... Not just by buying them from the market, but also, by creating content, engaging with others... Hard times are great to make new friends, as those people are the ones that will help you out when you need it, and are action takers!

Also, one of the things that we should do is to check out fundamentals... Did they change or not? If not, there is no reason to freak out!!! Speaking of that, we had a nice discussion about fear and greed, and how they are messing up with us to make wrong decisions...


https://files.peakd.com/file/peakd-hive/ph1102/23tkbF4DcCGQEGiCeHeG4sUJewcA9b5MwubaESF9UnsbGiZjuEBo43Dsdseh7hKo2qwcG.png

Don't forget to check out the show recording below!

https://ipfs-3speak.b-cdn.net/ipfs/https://ipfs-3speak.b-cdn.net/ipfs/bafkreiavfggl7rpnn3k2iz5xn7j5khcuarbxej3crnkfrhf7hf6patw6au

We had 15 participants (including myself) in the show this week!!! Thanks for participating, @riyat, @abenad, @coolmidwestguy, @foxkoit, @incublus, @melinda010100, @mypathtofire, @nabu.doconosor2, @palomap3, @relf87, @theringmaster, @travoved, @trexane, and @wanderingmoon! Thank you guys and girls for the awesome time!

As usual, we had an after-show where we were talking about some "off-HIVE" topic this time... Among other things, a bit of weather, rain, and fishing!! 😃 If you want to participate in these, you gotta attend the live show! 😃


https://files.peakd.com/file/peakd-hive/ph1102/23tkbF4DcCGQEGiCeHeG4sUJewcA9b5MwubaESF9UnsbGiZjuEBo43Dsdseh7hKo2qwcG.png

Thank you, guys and girls, once again! As a sign of appreciation, I will send some LEN tokens to all participants of the live show! You can pair them with LENM tokens, add liquidity to the diesel pool, and earn rewards! If you want to learn more about the project behind it, check out the @liotes account or visit the Liotes website... Of course, if you are not interested in it, you can sell tokens on the Hive-Engine market...

To encourage more people to come on the mic, I have sent an additional 100 Ecency POINTS to people who shared their thoughts in voice with us! This time, we had two participants on the mic, @incublus and @relf87! Thanks guys for sharing the stage with me! So, this week, Ecency POINTS are going to them!

Special thanks goes to @melinda010100 and @good-karma for providing the space for the event!

Thank you for your time,
--ph--

PS. If you have special ideas for the TOPIC (or guest) in future shows, don't hesitate to suggest them in the comment section!!! Thanks!


If you would like to support me, the easiest way to do it is to follow my account and vote for Liotes Hive Witness!
https://ecency.com/@ph1102
https://vote.hive.uno/@liotes
Appreciate your consideration and support!


Check out these links to the previous shows:

Episode NumberTitleLink
24What Do We Expect From Hive and Crypto!Link
23Aachen Meetup and WorldMapPin Talk With @detlev!Link
SE05Usernames Origins, Age, Early Retirement, Crypto Portfolio, and more...Link
22Helping Hive to ThriveLink
21Make Yourself Uncomfortable (on Hive!)Link
20First Excursions Out of the Comfort ZoneLink
SE04BuzzParty Impressions, Weekly Recap, BonfireLink
19Ways To Buy/Sell Hive!Link
SE03Foods, Crypto Research, Education, PredictionsLink
18Best Tools For Content CreationLink
17Consistency and Adding ValueLink
SE02After Show ShowLink
16CBRS Philanthropy Chat With @minigunner!Link
15Profit Taking PlanningLink
14Ecency/Hive Chat With @good-karma!Link
SE01Relaxed "Exclusive" SessionLink
13Writer's Block and How To Overcome ItLink
12Hive-Engine TokensLink
11Hive Guidelines for NewbiesLink
10NY Resolutions and Creating Hive GoalsLink
9How Was Your (HIVE) 2023?Link
8Presenta tu comunidad - ES/EN Show! - Part 2Link
7Present Your Community - Part 1Link
6How to Start on Hive?Link
5Do You Upvote Quality Posts?Link
4Genuine? Authentic? To be or not to be?Link
3Hive Power, HP Delegation, HivePUD...Link
2Hive Meetups, HiveFest, HiveBeeConLink
1Pilot Episode (Aired 2023-10-18) - The VisionLink


https://files.peakd.com/file/peakd-hive/ph1102/23tkbF4DcCGQEGiCeHeG4sUJewcA9b5MwubaESF9UnsbGiZjuEBo43Dsdseh7hKo2qwcG.png

👉 Vote for Liotes HIVE Witness HERE 👈

Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!

You can also find me on Ecency .:. Twitter .:. LBRY

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