So, yesterday Hive had one of its periodic *"pump and dump"* rollercoaster rides. Seems like those have become an almost *expected* part of the landscape, around here.

In general, these events don't seem to really *do* anything for Hive, or for the general longer term price of Hive. Typically, there's a sudden steep 30-50% run-up over a short *(hours, or less)* period on super high trading volume *(sometimes 50-100 TIMES normal)*, followed by a slower gradual decline, that usually takes from 48 hours to maybe a week. 

![CCL0016InvestorCat.JPG](https://images.hive.blog/DQmXsu7ET7f86EUFnJwM5pmuwdmXVcQY58BQWoDxwkFALGG/CC-L-0016-InvestorCat.JPG)

In the end, the price of Hive tends to return to *"about where it was"* before the pump; sometimes ending up a few percent higher; sometimes actually ending *lower,* if the preceding trend was downwards.

Sometimes, I hear a bit of grumbling about how these *"investors"* ought to put their Hive into something more *"useful"* like curation, to actually *support* the community... and we all know it's a *"bad idea"* to keep your crypto on an exchange, anyway... right?

I think the part of the equation that is often overlooked — because we tend to become a bit myopic and Hive-centric around here — is the most of these people who might own 100,000 Hive on an exchange somewhere... likely *don't even know* anything about Hive, content creation, curation and such.

They simply *"own an asset"* purchased perhaps because there was some *"buy signal,"* and they will hold it till they get at a *"sell signal,"* and much like the legacy stock market they never see Hive *(the community)* as anything more than a symbol that's involved in a trading or investment portfolio. 

![CCL0015BareTrees.JPG](https://images.hive.blog/DQmbV7Jez3YAALtCGE5LDFykRzuoLEz5RtNiYdG8TFwcyco/CC-L-0015-BareTrees.JPG)

What's more, simply because they *own* 100,000 Hive on an exchange doesn't mean they *actually have a Hive account and wallet.* That's a whole separate process... and if they are *traders,* probably more hassle than they want to deal with.

Whether we'd all like to *change* that approach is a whole different kettle of fish, and for a different discussion. 

Since I am not a *trader,* I don't really get excited about these periodic *"spikes."* Seems like we have had at least a *dozen* of them, since I've been here. 

I'm not a *"technician"* but they look and *"feel"* very different from an actual *rally,* where the price rises much more slowly on *sustained* higher *(but rarely extreme)* volume, and you get a clear sense that there is actual *accumulation* happening. 

Sadly, it has been a long time since we've seen *that* sort of pattern. 

Meanwhile, yesterday's run to about $0.45 has now given back most of the gains, and we're back to about $0.40. 

# =^..^=
***CuratorCat 2023.03.30***

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@curatorcat.leo/hive-and-moon-shots-and-there-s-a-lot-we-don-t-control)