Well! Come on!
First we need to know that we are talking about a second-tier token. For this to be valued we have to have several important factors.
I always say that it's utopian to think that a token will value just by valuing without real projects and use cases.
POB had a brilliant idea to be equal to BTC in its way of being issued. It also had no airdrops. With the fact that it is a tribe with content in general and open to everyone, many people adopted it to come post. All this caught the attention of people who wanted this token at any cost. This RAISED the price at the time of purchases to be able to participate here.
Basically this was the main reason for the high price. But whoever bought an hour would stop buying at high prices and take out curated or wait for lower prices. Which is what's happening right now.
And because it is a token, its use at the moment is just inside here and nothing else. You sell there at LEODEX or elsewhere and stay there for another buy and stake. But apart from that it is useless. There is no use case to move the token further.
As for who sells the token, it is necessary to look VERY ATTENTION at the lives of all the people involved. There are people surviving in the world thanks to HIVE. There are people who don't care about their food, bills because everything is paid for and money for that. There are people living here so they can buy their daily food. The reality of everyone is different even more when it comes to something WORLDWIDE.
I sell some POBs myself to pay my bills. I confess that in this amount I am not selling. But what if I get tight and need it a lot? That's what I will have to decide. Just as I will buy more POBS if it drops further.
But wanting the value to go up without projects and use cases is just having to dream that a whale enters to buy several and several pobs and everyone leaves giving stake... Until that happens, the price will follow this line.
Well said, the use cases are missing amongst many tribes - spot on.
Yes!
There are few tribes that use it for an end. In the end, what changes the value of one to the other a little is the way it was made and distributed and with the will of the "investors"
As I said I am open to all suggestions friend 😊. This is nice perspective though, thanks for this. Also I am not against the sellers dear, we already have 89% Staked POBs that's very lucky and impressive, having a balance between supply and demand is my impression. Right now there are many sellers and I think it's the best opportunity to invest, buy and Stake.
Reality check: 7200 POB are printed every day. That's only going to change in 27 years from now. Unless you raise real demand by at least a constant 5000 POB, this is not a war you're going to win. I've suggested a fix here: post.
A very nice and interesting proposition I would say, I wonder why the leadership is not taking any consideration on this. As I said there is so much to do, but who will take the step?
I think you should draft a proposal on this, it might get 50% community vote and worth a try.
Yes ooh you sound nice about that, with the proposal it will save as a stepping stone also something to work with.