Why is the price of POB so low?

in Proof of Brain4 years ago (edited)

How much POB do you have?

Look at all this POB that users are selling for less than 1 Hive!

This is a great time to buy POB since you can get 932.88 POB for less than 1 Hive each. If you want to be a POB whale it's a great time to buy up all the cheap POB available.

I won't sell any of mine for less than 1 Hive, POB is like BTC on Hive in a way. There will only be 21m, they are distributed through curation, only 4.3% of the total supply has been issued so far, and 88.95% are staked. POB isn't even a year old.

Here you can see that 4718 POB was bought for 8606 HIVE on June 13th, then 6015 POB was bought for 6103 HIVE on June 25th. Today that figure is 3089 POB for 2580 HIVE. You can see how much value this community places on its token by how much it sells it for. The perceived value of POB was very high in June, but all the drama is shaking the hands of users who maybe don't see the long term vision here.

Every post you make on Hive should contain Proof Of Brain. I have been describing the function as Proof Of Brain for many years, this tribe however is that concept itself as a community. The ProofOfBrain tribe is also demonstrating what all communities are doing. I am very happy to see all the contests, challenges and initiatives to support users. I suggest that we try to make ProofOfBrain a place where we celebrate the best of what Hive is all about. Where we can connect with other Humans.

16 days ago I posted that POB was on sale. How long will this Bonanza last?


Posted via proofofbrain.io

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Aside from the fact that a lot of people flow into new projects purely to "profit from the excitement of a new thing," I'm guessing some people have been put off by recent POB "drama" in the sense that POB set out to try to solve some of the issues we have seen on St€€em and Hive... and then it is turning out that we seem to be looking at similar issues... once again.

Perhaps POB will be a good long-term spec... time will tell.


Posted via proofofbrain.io

Sure turned me off

I’m buying all the POB dips …. I’m up over 5,000 POB now. I will buy it all….


Posted via proofofbrain.io

Better to earn it. Heavy risk no? Is it a real blockchain? I like the project! Just wouldn’t risk capital. But I leave what I earn 👍

Yeah. It’s easy to earn a ton of POB from Curation with a little POB power.

Oh great @offgridlife, I am on my way to 5,000 POB Power


Posted via proofofbrain.io

Pob is what it is, 1 POB always = 1 POB lol! We all told you a long time ago it would drop, but you were stubborn and said never under 1 hive, we'll I guess us sellers up there on the spikes got the last laugh.

Don't worry though, I'm sure it will come back, starting to look like a better buy down here, but could still get a lot lower! Ooooof. It's the mid bear market, that's why!!

I expect lower still. Sorry just my real opinion. Not talking platform. Just price

Fair opinion, the future is always uncertain.

POB Curation rewards are out of this world. My upvotes are worth over 6 POB with 5,000 POB power compared to a few pennies with 13,000 Hive power. It’s ridiculous.


Posted via proofofbrain.io

What I love from POB is the scarce supply, it’s only 21 M with halving every 4 year. It’s a longterm project. I am just staking 250 POB, to reach my goal to have at least 5,000 POB power by the end of this year.

If its price going to dip more, I am going to buy it much more then..


Posted via proofofbrain.io

honestly the issue of lower price for POB is a big headache for the holders of POB generally. In one of my comment in #pobtalk I ask if it possible for POB to be twice of hive but now it seams as if it is impossible with this everyday downward value.

Here you can see that 4718 POB was bought for 8606 HIVE on June 13th, then 6015 POB was bought for 6103 HIVE on June 25th. Today that figure is 3089 POB for 2580 HIVE.

With this the price of POB is getting worse day by day. but I hope it will come up very soon just like how it was in June 13.


Posted via proofofbrain.io

The reality is that there are lots of dumpers that still like the high price of POB. Over time it will find its sweet spot in the price... my call is anywhere between 0.5 Hive and 2 Hive. It is too soon to see where it will end up.


Posted via proofofbrain.io

I am betting on a higher value for POB in the future.📈

pob_bttf.png
Image Source: Back to the Future II

For real! I am betting higher too.


Posted via proofofbrain.io

I like this one @hivecoffee because it is so real. I bought up a couple hundred of those POB on the market just as you posted this.

image.png


Posted via proofofbrain.io

Supports the growing accounts in POB. Ones who stake their reward consistently are the right ones to get upvoted. If you see authors though they are popular but has zero POB power, never upvote with your POB power because the authors will only dump the POB they earn.


Posted via proofofbrain.io

I don't know if pob will be strong later on

some people have ZERO patience when it comes to this game - others are just here for trading -

i can't / won't cash out any way - so i never really pay attention the the 'price'

i been raking a really long break - looks like i might have to get off my ass and start getting active again

Posted Using LeoFinance Beta

Yeah, I caught the high moment and ended up getting scared with the low because of the drop in rewards, but life goes on. It's still great the direction pob has been taking and for those who can invest it's certainly a great time to buy a lot of tokens, unfortunately I'm more limited to stake with part of the reward, but when I get better financially I'll even avoid withdrawing any amount!


Posted via proofofbrain.io

I think the price should rise for all to benefit

This is not a good time to sell pob that is why will need to exercise enough of patients..

But it is really time for those that want to buy pob,i believe their will definitely buy more pob with just a little hive..

So I believe if you are selling your pob you need to think wisely


Posted via proofofbrain.io