From Hive's Perspective; Is The Bull Run Over?
In one of my previous posts I talked about earning curation rewards on hive and the enormous potential that it brings. So today, I want to look at the inherent qualities of Hive and splinterlands.
This is not financial advice; it is primarily for the purposes of information, education, and exposure, and thus you must conduct your own research and make your own decisions
I have seen a lot of people ask, "Is the bull run over?"*, especially since we had that massive rally from November to March and are now correcting and consolidating.
First and foremost, I believe it is necessary to provide a more detailed response, complete with arguments, thoughtful insights, and reasons, rather than simply saying "yes" or "no".
People are accustomed to making predictions based on current factors because they need to know when they will sell rather than waiting for the peak. For example, some people have already planned to sell BTC at $150k; even if it goes higher, as long as they reach their goal, they will profit. So people need to mentally see a coin at a certain price before saying "Oh, it is been or it is going to be a massive success".
So BTC setting another ATH at 74k, and the alts not really following, begs the question "is the bull run over?"
The market is psychologically unstable right now, and many people are waiting to see if they can still invest in their favorite project or if it has truly ended. The current cycle does not completely mirror the previous one, and if there is anything unusual about this market, it is that the alts have been very slow and have not gained any momentum compared to the previous cycle.
There is nothing wrong with asking these questions; it demonstrates a keen awareness of the market. However, I believe it can prevent people from pursuing their goals. I follow a few people on Hive and read about their daily posts. I asked one fellow how he stays so focused on his own goals, and he said he focuses on what he can control and lets the market do its thing.
On splinterlands, this guy appeared to own a lot of assets, and despite the FUD surrounding splinterlands, he has never moved to sell or reinvest in other projects, despite how heavily invested he is. There will always be FUD about projects that have not met expectations, but no one can predict how well or poorly they will perform during the bull market's peak.
So, basically, I believe that many of the people asking these questions are aware that the bull market has not yet begun, but they are doing so primarily out of fear and concern, rather than anything tangible. I am not saying it is a good idea to dismiss fear; many people have been saved from tragedy because of their fear. However, in the crypto world, fear has done more harm than good.
For the record, the bull market has not ended; in fact, it has only just begun.
However, the recent corrections and alts dumping after underperforming against BTC are why these questions continue to arise. This is a critical point. The point at which the market is neither rising nor falling.
FUD Wisely
I am one of the people who is currently spreading mild FUD about Splinterlands; it is not because the card prices are falling; it is mostly because the changes made by the team recently have been questionable and may lead to further mistakes down the road, but that does not mean I doubt the project's ability to do well during the bull run.
Some of the people who are FUDing are heavily invested in the game and are not selling anything; this is to inform you that their FUD is only motivated by the fact that they believe the game can do better and have better outcomes during the bull run.
When it comes to Hive, the FUD is minimal, but not as much as in Splinterlands. The FUD is primarily concerned with adoption, the DHF fund, and sell pressure. It may be minimal, but it is still there. However, one thing I have learned from Hive's previous bull runs is that if you allow FUD to dictate your actions, there are always consequences. I am not saying to ignore red flags; rather, I am saying to do the basics. For example, why do I still keep my small stake in Splinterlands, even though it is not much?
It is functional; I use it to earn small amounts of SPS on a daily basis, and aside from my love of giving, the bear market is usually when you can build enough passive income to become profitable in the bull run. So, do not underestimate Hive or and.
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Im on my way to my second year holding Hive and I have come to the conclusion that ppl lack time, time to wait for the project to flourish, not so long lots of post came out about Hive been only 4 years old, I havent been able to buy more Hive but did got me a stack of HBD that Im planing to grow, there are very important projects going on like VSC, Splinterlands, INLEO, Leodex that are going to open more doors to Hive but Im also looking for the day that Hive can establish a solid $1 price, it just takes time
Hive's previous ATH was $3.4 and that happened in the last bull run. The project is solid and one of the best out there, we just need time, and it takes a lot of time to get going in web3. The product and the projects built on it are massively underrated. Yeah, only 4 years but the core Blockchain is about 8 years.
Hive has the potential and with products getting better, the Blockchain will flourish, it takes a lot of work and it's getting there slowly
The whole bull market is a new experience for me. As I haven't experienced it before, I have been alert observing what happens next after BTC halving. The market is quite unstable, going up and down, however, I still buy hive and other alt gradually..but for now, I am holding on , on buying other crypto coins... hopefully I can be lucky with any one of them should market finally go green in some months to come.
In the past bull market, I had some coins that I felt were worthless and they ended up doing amazingly well. No coin is worthless until the bull run. As for Hive, I believe many people will be surprised by how far it can go..
The bull market is a whole new experience for many, but in about 12 months we should see the alt coins season.
What do you think the guy means by focusing on what he can control and letting the market do it’s thing. I know he can’t control the price so maybe you should give me a little explanation there
Focusing on what he can control like staking, accumulating, holding, buying more and having a plan, despite the FUD and uncertainty
I agree with you 100%, things are just getting warmed up. SPS still has me worried though, I'm just not sure how the game is going to do down the line. I hope well since I have a lot of assets invested in there!
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I have assets, time and dedication on the game and I think to a large extent, the card assets will likely do more better in the bull run, but we never can tell what will likely happen in the long run.
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I think a solid project will go back up over time. Just keep building and it will add up. I think Hive and Splinterlands will be here for the long run. The FUD is always there but that is why research is needed. You need conviction on those good tokens and I believe that it will work out in the long run.
It will eventually work over time. I remember Hive being in that seven cents region just after the Blockchain was launched in 2020, but we still went ahead to hit an ATH of $3.4, overtime it eventually gets better.
FUD Wisely is a great term to describe what projects may be doing wrong and potential ways of doing it right or better. It's a feedback mechanism to educate users on the state of things, without actually encouraging them to jump ship. I think high and lows are to be expected when building a project, and hopefully in the long term, things will turn our better than expected.
Yeah, it's important to FUD wisely, it's a critical moment in the market and a lot of people have done that jumping ship thing in the past and it came with consequences. There's a lot at stake and many are paranoid
FUD can be a way to determine others to sell so you can buy... Whales do it often, and it's not related to Hive or Splinterlands. It's a general rule in markets.
That's another way to look at it, as I never even considered it. We see it with BTC almost every time and it's crazy how some people fall for it and sell.
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STOPThe boom has not even started yet, if we look at the history, we can see the prices going up a lot after the next one year.