By the point of reaching this price point, the distribution of Hive coins would be more decentralized too, just because many would take profits at some point before getting to $100.
This heavily implies that the price of Hive is going up because of either decentralized buying or a decentralized mindset of refusing to sell at the current price. I find this highly unlikely. $100 Hive sounds like a couple whales pushing the price up. Sounds like VC money or a whale who built an app here that needs a massive amount of resources for said app.
If 10000 users "take profits" on the way up to $100, and only one person is buying...
That being said I think VCs would be afraid of Hive after what we did to Justin.
Who knows.
Consumer driven demand for the token could send the price consistently up, at a reasonable/manageable pace.
All you need is a product consumers are interested in and a reason for them to spend money.
Hive produces thousands of products, daily. It's called 'content' and typically, that product generates billions annually, with no signs of ever slowing down.
Unfortunately, on Hive, there's little to no interest in attracting consumers. That attraction isn't dependent on any one individual or group. There are thousands of players who refuse or simply aren't aware their content is a product and that product does not need to sit going stale on our local shelves while producers pretend the front doors are locked.
If people wised up, 'consumers' become the investors. Rather than one or two whales, investing to a peak and then no more, you get millions of consumer investors buying in small with room to buy more down the road.
Typically in the arts/entertainment/information world, when a consumer wants to spend money on that product, they take what they've earned from a job, there's a bit left called 'disposable income' and they burn it on, entertainment, as example.
Here we have a revolutionary support system most don't even recognize or realize has the potential to be incredibly disruptive in the industry.
Here, rather than burning that money or throwing it away for a cheap thrill, the consumer can simply move funds from their bank account to their Hive account, stake, then tip forever (votes are a form of tip, we just call it something else and pretend we're not tipping) at no cost in small amounts over time rather than one lump sum. Perks like rewards come standard and studies show perks often entice consumers into spending more. But this time they're technically not spending any money, yet still contributing to the success of not only their favorite product but also the place where it's found, helping guarantee the future of more down road with no strings attached.
Every onboarding attempt focuses on attracting more content creators. Nobody focuses or even talks about attracting a dedicated consumer base. Anyone new showing up today depends on the current consumer base comprised mainly of content creators. Not enough eyes, not enough ears, can't figure out how to attract investors, yet working feverishly day in and day out keeping those shelves full of product.
Everyone here is sitting on a multi billion dollar goldmine. And it's been like that, for years. I've been talking about it, for years. Content is a product we refuse to sell, and here the consumer can achieve their goal of supporting content without having to actually spend money (they simply transfer their property from one account to another). First time in history. And nobody notices...
Many true statements, and still so much more to be said.
I think we'll get there eventually.
Still way more to say yes indeed. Consumer spillover. How all the products on chain (and not just content) are connected. Millions of naturally occurring entry points. Co-branding comes standard with no added effort provided the path is clear. Yadda yadda yadda. Could go on forever.
pls I want to lrean how to utilize this goldmine of our pls. i have read this comment for over 4 hour ago and i just don't know were to start.
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Where to start? That's easy.
Plant your seeds instead of eating them.
Okay, I will try that although not fully understanding, I will give it a shot.
Whales will start selling after crossing $10 mark. FOMO will make this buying decentralized. It depends on various situations.
If you take a scenario where few will be buying up to convert to HBD for long term low risk fixed income purposes, then a lot of Hive will be destroyed. Everybody has a price point at which they would sell. Everybody will be selling and everybody will be buying.
One or few people can't afford buying up all. If you are thinking someone with a big commitment to do so, then price would go much higher. Going to $1000. Not happening, for the reasons you stated.
The exception proves the rule, I suppose.
I imagine you're right.
I don't know about you but I plan on acquiring a couple million more Hive.
wow, very ambitious. You are super obsessed with Hive.
Am I? That's just the moderate amount I'll need to create a sustainable business here.
Nothing to see here. Business as usual.