But like I said, there is constant sell pressure from all the full time bloggers. Anyone with enough money to pump the price up will take the time to research and will get turned off with the reality of this blockchain. Bloggers blog, curators curate, and a ton of those rewards are sent to exchanges and sold.
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Liquidity is a good thing. We need as much Hive as possible on exchanges because traders are much more educated than bloggers, speaking from personal experience too. I would trust a trader for 100 reasons before a blogger.
Right now, all the liquidity that those exchanges are getting are in the form of sell pressure. Sell pressure makes the price go down. So, everyday, we have guaranteed sell pressure because authors and curators are sending their rewards (new coins minted out of thin air, like the USD, like bitcoin etc) to exchanges, and pressing the big red in capitals SELL button. So, the more liquidity there is, the more money it’ll take to move the price, and all the liquidity the exchanges are getting are from sell pressure.
I have been here long enough (birth of steem) to tell you, that still, after 5 years(considering Hive is continuing what steem was meant to be), we still need to go up around 20x in price just to tap our ATH... everything is public, anyone can look and see that when it comes to price performance, hive/steem have flopped. The reason has never, ever, ever, ever, ever, been addressed... HOWWWW will we have so much buying pressure, that it’ll counteract all that sell pressure?
I’m sure you’re more educated than the average 100’s of plebs I talk to on a daily basis. You can tell that the liquidity in hive is so low that the price jumps 50% and comes right back down after any big move is made... now is actually the best time to push the price super high because it is the easiest due to the low liquidity. But, without any perpetual buying pressure, the perpetual selling pressure will just eat all those gains. Our USD price is only what it is because bitcoins high price makes the 1030 satoshi price appear high, when in reality we are down from over 600000 satoshis...
It doesn’t matter if anyone here, regardless of their size and influence disagrees with me. I am not sharing an opinion, I’m sharing facts found in reality.
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Low volume and price increase, maybe the selling pressure is finally off.
