Hive is as volatile and unpredictable as ever.

Spike up to $1, crash to 50 cents in a week, and now we've been climbing up for a few days. Where she stops, nobody knows. With Hive being totally uncorrelated to the market Q2 could be amazing for every other coin while Hive just kinda sits flat like it did last time. I don't necessarily think that will happen but it wouldn't be surprising.

All we can do is hedge our bets and rebalance our stacks should such an event occur. These happenstances are actually huge opportunities to get more Hive. If a bag we are holding goes x5 but Hive does nothing, that's just an epic opportunity to get more Hive in my opinion.

I won't even consider selling any significant amount of Hive before we hit the $5 mark. Obviously there will be ton of resistance and money transferring hands between $5-$10 due to how many users got absolutely wrecked during the last bear market. All those people will refuse to get that wrecked this time around, which should honestly be good for all parties involved. We need as much liquidity as we can get.

https://peakd.com/hive-133987/@penguinpablo/weekly-report-how-much-hive-is-stored-on-the-exchanges-april-7-2021

Looking at @penguinpablo's analysis, not only do we see that there are more than 130 MILLION HIVE on the exchanges, but also HBD is still trading massively above $1 and the stabilizer proposal is taking a ton of liquid Hive off the market and pumping it back into the dev fund.

Hive Powerup Dominance is still sitting at all time lows, and even with an epic pump back up to $1, the positive feedback loop snowball of increased prices and powering up hasn't even started yet... like at all. We are still on square one in terms of a bull market even after going x5. We aint seen nothin yet.

Obviously many Hive users are going to be thrilled with a price of $5-$10 and there will be a ton of resistance and selling there, but judging by what I'm seeing my old predictions remain the same: I think every relevant altcoin is going to be able to at least x10 previous all time highs. Based on this information I think that Hive will easily spike to $50-$80 a coin in as little as 9 months... crazy stuff.

Such insanity would put a single upvote from my account at near the $1000 level... and my blog posts would be paying out 5 figures a day. Again, obviously that sounds absolutely ridiculous beyond any kind reasonable expectation, but as we all know, the mega-bubble is anything but reasonable, and the impending bear market will once again be absolutely devastating for those who get caught off guard.

BNB

However, the real reason I wanted to write this post was because of Binance's Token. As much as we all hate to admit it, this centralized shitcoin is absolutely unstoppable and has always been a top performer since inception.

Binance is one of those coins that starts performing well before the rest of the market and crashes late as well. You really get the best of both worlds if you're a Binance bull.

BNB is the new XRP 2.0 or the new Tether 2.0. It's that number three coin that makes it to the top leaving everyone scratching their heads. Why is this centralized piece of garbage valued so highly?

BSC

Obviously Binance Smart Chain has a lot to do with it. People hate fees and are willing to ignore all of BSC's centralized attack vectors in order to use a network that actually works. At the end of the day the Ethereum mainnet scaling solutions are a disaster of epic proportions. The Ethereum Foundation has a ton of money, yet not enough devs, just like EOS and many other networks with centralized development (all of them). Decentralized development doesn't exist yet. Perhaps Hive can invent it. Who knows.

ETH fees

Only the wealthy can use ETH now due to high fees, and the only way to invest in ETH while avoiding these fees is to use a centralized exchange. How ironic that avoiding fees using a centralized exchange pushes the price of ETH up, further increasing the cost of transactions on the main chain. We can be sure that this feedback loop will keep happening because ETH has been deemed "not a security" by the SEC, providing massive legal protections for big-money players looking to enter the space. Many of the big players entering Bitcoin have already declared they will support Ethereum as well for this exact reason.

BSC has already lowered fees by 50% down to 5 GWEI from 10. They can theoretically lower fees all the way down to 1 GWEI for a further 80% reduction as BNB spikes up over the next 9 months. ETH can't compete in the short term... unless of course one of those centralized attack vectors get exploited and Binance gets hacked. This would obviously be devastating to a lot of users, and fully within the realm of possibility. In my mind, it's all but guaranteed that a major exchange will get hacked within the next 12 months as these honeypots of value skyrocket exponentially in value.

Steem Hostile Takeover

The Hive community is a unlikely ally of Binance. Most of us are still salty as hell that Binance powered up customer funds to attack the Steem consensus algorithm. CZ's apology and actions regarding the matter were pathetic. It will be impossible for many to trust someone like that, especially when he still obviously has ties to Justin Sun and didn't even cut him out of his circle.

That being said the entire point of crypto is building trustless environments that don't require us to put our faith in CZ or Binance. Even though most coins like BTCB on BSC are pegged to a Binance cold wallet we already have two assets on BSC that are completely independent of Binance and enforced by a team that we can trust more (LEO & CUB). This is just the beginning, and as we branch out we can further plug the holes of centralized attack while reducing trust in centralized authority.

Conclusion

BNB is steadily climbing while BTC and ETH stand still. I can almost all but guarantee that BTC and ETH will follow BNB's lead shortly in a week or two. Soon™ everything is going to be trading at or near all time highs. All we have to do is wait.

The month of May provides consistent upward action (sideways at worst) for the last decade. During one of the strongest mega-bubble years of all time, it's safe to assume that next month is just going to be a HODL FOR DEAR LIFE month that we shouldn't be trying to day-trade whatsoever. The same can't be said for June, but I guess we'll cross that bridge when we get to it.

Posted Using LeoFinance ^Beta

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