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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Hive drops to .049 USD

BY: @offgridlife | CREATED: June 5, 2026, 4:03 p.m. | VOTES: 10 | PAYOUT: $0.52 | [ VOTE ]

Hive falls over 12%

What is going on ?

[IMAGE: https://images.hive.blog/DQmeKnvLDApp5Rzc9toXWVVogSZoy8u9pRACtx7HKTAXBK1/IMG_9023.jpeg]

[IMAGE: https://images.hive.blog/DQmTwgB9Si9xjvTA4Xekj9eCnaq37HJdpFXa8KPEc376j4Y/IMG_9024.jpeg]

[IMAGE: https://images.hive.blog/DQmdsCcy86EfnpL22cDX5qjtCdPndPHyWiWJdMGUPPNb8o7/IMG_9025.jpeg]

HBD : https://hive.ausbit.dev/hbd

HBD = .84 USD

[IMAGE: https://images.hive.blog/DQmWwfH1ZKaZQRfBEGzQ9dA1qDQp2Wg3UcqYy3X4euQ9nZN/IMG_9039.jpeg]

[IMAGE: https://images.hive.blog/DQmPjaJ2gGQ5qfsJ6Av9ziNVP6LnZNhEYo22Li9TjjPi1Uv/IMG_9040.jpeg]

TAGS: [ #steem ] [ #tribes ] [ #sportstalk ] [ #pob ] [ #pepe ] [ #pimp ] [ #lolz ]

Replies

@yintercept | June 5, 2026, 4:18 p.m. | Votes: 2 | [ VOTE ]

If you go to Ausbit Bank; you will see that HBD holdings have dropped to $9,763,550. It was over $10m a bit ago.

My guess is that HBD holders are converting their HBD to HIVE then dumping it. They want to avoid "the haircut" which happens if HBD exceeds 30% of HIVE.

Converting 100,000 HBD at a nickel produces 2 million HIVE.

Who wants to buy two million HIVE in a bear market?

The people who are most likely to buy HIVE are dealing with a major drop in BTC and are not in a position to absorb the crunch.

BTW, this is why I opposed raising the interest on HBD to 20% and why I opposed raising the haircut to 30%. Those acts set up HIVE for a fun little trap called a "death spiral."

It is best to avoid death spirals.

!ALIVE

@offgridlife | June 5, 2026, 4:44 p.m. | Votes: 0 | [ VOTE ]

I used to have $ 50,000 HBD

I should have held on a little longer before selling it all for Hive … Bitcoin and Tron. …

Although my Tron is now up over 15,000 %

So that was a very good trade

[IMAGE: https://images.hive.blog/DQmXBWHTkzin5CY33aXWV6LL6w29BdCmtNNvFbW7KSvXDBX/IMG_9027.jpeg]

Tron : https://coinmarketcap.com/currencies/tron/

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