The thing about Hive is that even with the price in the toilet, the activity on the blockchain, both blog related, gaming, development and now NFTs keeps increasing.
So there is a huge amount of real activity by real people that puts a real floor under the Hive price and will ultimately be recognised by the market.
But its important to understand that Hive represents the third wave of blockchain based paradigm shift at a time when the first paradigm shift is just starting to be understood by smart mainstream people.
These paradigm shifts are:
Bitcoin represented the first new form of money in a thousand years - a decentralised global digital money.
Ethereum represented first time lots of people could create their own own global digital money and/or token and a brand new form of capital raising.
Hive represents the ability to transform operation of the internet from a centralised Web 2.0 model to a decentralised Web 3.0 model where users take back control.
Thus it might take quite a while before Hive is properly recognised by the markets.
Very nice explanation and reasoning, and I sure hope you're right about that paradigm shift and how HIVE figures into it! As you mention, one thing that already can't be denied is the amount of real activity by real people on HIVE. That, and the developer community we have, suggests to me that HIVE has got to be one of the very best investments out there, and doubly so being so oversold (it's hard to lose when something good is at oversold extremes). It always takes a strong stomach to go against the market, but this is one time when I think the market is terribly irrational, terribly wrong. We shall see.
I'm curious: what made you change your mind on ethereum?
I myself hold some (10% of my portfolio), because I think that being the #2 coin by marketcap gives it visibility to institutions and retail, as they may consider alts once they start regarding crypto as a legitimate asset class (grayscale and CME already got attracted to it)
But so far it as been pretty mutable and centralized, with a still very long and sketchy development of ETH 2.0.
PS: Thanks for having reblogged my post on koinos 😉 was appreciated.
. . . so far it as been pretty mutable and centralized, with a still very long and sketchy development of ETH 2.0.
I agree with you on that, and that it's questionable as to whether it should be included or not. I turned a blind eye precisely for the same reasons you give for holding some. Personally, I'm not involved in ETH, but since most would argue it's legit, for the sake of this analysis, I included it. There's still the 2.0 hope too. Time will tell.
BTS has what it takes; it just comes down to what they do with it. The BitUSD debacle really set them back - seems they're still trying to recover. Hope they get something going soon. And BEOS too! I've got a ton of that along with all its derivatives. 🙄
I think 2021 will be the year of HIVE. This is how I keep faith on STEEM since 2018. I was wrong, but keep faith somehow works at last!
!bye2020@cryptographic,
0.100 WINECheers, @theguruasia You Successfully Shared With @cryptographic. You Earned 0.100 WINE As Curation Reward. You Utilized 3/3 Successful Calls.
The thing about Hive is that even with the price in the toilet, the activity on the blockchain, both blog related, gaming, development and now NFTs keeps increasing.
So there is a huge amount of real activity by real people that puts a real floor under the Hive price and will ultimately be recognised by the market.
But its important to understand that Hive represents the third wave of blockchain based paradigm shift at a time when the first paradigm shift is just starting to be understood by smart mainstream people.
These paradigm shifts are:
Bitcoin represented the first new form of money in a thousand years - a decentralised global digital money.
Ethereum represented first time lots of people could create their own own global digital money and/or token and a brand new form of capital raising.
Hive represents the ability to transform operation of the internet from a centralised Web 2.0 model to a decentralised Web 3.0 model where users take back control.
Thus it might take quite a while before Hive is properly recognised by the markets.
Very nice explanation and reasoning, and I sure hope you're right about that paradigm shift and how HIVE figures into it! As you mention, one thing that already can't be denied is the amount of real activity by real people on HIVE. That, and the developer community we have, suggests to me that HIVE has got to be one of the very best investments out there, and doubly so being so oversold (it's hard to lose when something good is at oversold extremes). It always takes a strong stomach to go against the market, but this is one time when I think the market is terribly irrational, terribly wrong. We shall see.
I'm curious: what made you change your mind on ethereum?
I myself hold some (10% of my portfolio), because I think that being the #2 coin by marketcap gives it visibility to institutions and retail, as they may consider alts once they start regarding crypto as a legitimate asset class (grayscale and CME already got attracted to it)
But so far it as been pretty mutable and centralized, with a still very long and sketchy development of ETH 2.0.
PS: Thanks for having reblogged my post on koinos 😉 was appreciated.
I agree with you on that, and that it's questionable as to whether it should be included or not. I turned a blind eye precisely for the same reasons you give for holding some. Personally, I'm not involved in ETH, but since most would argue it's legit, for the sake of this analysis, I included it. There's still the 2.0 hope too. Time will tell.
!ENGAGE 25
!tan
ENGAGEtokens.Nice article, as always! I share your opinion about the winners.
Do you believe that Bitshares has a chance to recover?
BTS has what it takes; it just comes down to what they do with it. The BitUSD debacle really set them back - seems they're still trying to recover. Hope they get something going soon. And BEOS too! I've got a ton of that along with all its derivatives. 🙄
!ENGAGE 25
!tan
ENGAGEtokens.Let's hope 2021 will bring some good news for all of us.
It's got to be better than 2020!
Can't get worse, can it? 😯
!ENGAGE 25
!tan
ENGAGEtokens.I think 2021 will be the year of HIVE. This is how I keep faith on STEEM since 2018. I was wrong, but keep faith somehow works at last!
!bye2020@cryptographic,
Cheers~
Sooner or later . . .
Got to keep the faith.
!ENGAGE 25
0.100 WINECheers, @theguruasia You Successfully Shared With @cryptographic.
You Earned 0.100 WINE As Curation Reward.
You Utilized 3/3 Successful Calls.
WINE Current Market Price : 0.000 HIVE
ENGAGEtokens.https://parler.com/post/b0e2a00a687245e0a62988e352bd6644
Great post!! Thanks :)