You are viewing a single comment's thread from:

RE: Massive Hive Problem

in GEMS4 years ago

Seems you care about the numerical exchange rate of one token in Hive platform, which is taken care of in various ways. Primarily, one does not earn HIVE, but HBD and HP.

Secondly, in cryptocurrencies the exchanges are pretty free-market based, so the number of mined coins is not a thing any rational investor looks at. You can count yourself, how many BTC would everyone have, if it was split evenly?

And the main point, the real value is in everything, on resources. Technical, physical, talents etc. For quick profits, you need to scam some rich guy, that's how they got their wealth in the first place.

Sort:  

So few issues here I’ll address them point by point in the order presented.

Point 1) The same trend is present with HBD for the same reason.

lof071.jpg(Source: Bittrex 5/29/20)

The idea behind HBD is to keep it pegged at 1$. But this idea, although good for content creators does not provide any incentive for long term investors and only for short term investors if there happens to be attractive market behavior present. So really, HBD is wanted to be sold by content creators the vast majority of the time and as for buyers there’s no real incentive for them to get involved unless one is a day trader reacting to recent market behavior. Long story short: market incentives good for content creators, bad for market buyers

As for HP that accumulates within your account, if you ever choose to power down your account you will receive HIVE which you will find right now is only is trading somewhere around $0.26 per HIVE at the time of this reply.

Point 2) The point that rational investors do not consider the amount of coins mined before making a purchase I would have to guess is a fair assumption. But this assumption misses the point of the article. The article is suggesting that the laws of economics be used to enact a strategy that raises the value of the HIVE currencies in the form of positive long term market trends to make HIVE both as currencies and a platform more attractive and more valuable to platform users and prospective investors via the crypto markets.

Point 3) The final point touches on the second point. Resources certainly factor into an evaluation of something’s worth but the final point presented misses the message the article is trying to convey. My point number two above mentions the strategy presented as it relates to cryptocurrency marketplace investors. The totality of the article is not suggesting anything that has to do with a get rich quick scheme. The strategies if successfully enacted use the laws of economics not only to attract investors in the crypto markets but also to help Hive achieve its most important goals within by monetarily incentivizing individuals to engage in behaviors that achieve and or expand on Hive’s greatest goals such as growing its community and keeping its users.