Hive is hard to understand. The website doesn't explain the different visions.
Hive is a community hardfork. A lot of Justin Sun lovers dump their tokens to buy a centralized one instead. Forks usually get 10-15% of the "original" coin in marketcap.
Hive tends to pump when retail gets into blockchain, and retail didn't really kick in until this week (google search stats).
Hive has negative feedback loops with HBD. (which becomes a positive feedback loop as soon as hive starts rising).
Hive has lots of selling pressure due to people cashing out post rewards and witnesses paying for nodes/financing projects through the DAO. This sell pressure also becomes weaker in a bull market as HBDs are insignificant compared to hive's market cap.
Hive has not seen demand shocks yet as RCs are still abundant (will not last long)
Hive has lost the "official team" behind the coin (Steemit devs and marketing people)
Despite all of this hive has been trading sideways for the last two months, since its 10 cents bottom on the 1st of November. It is even up 30% if we take the current price of 13 cents. Development has never been faster without the old dev team.
Developments are appearing everywhere, and succeeding (Splinterlands, Leo, dbuzz, rabona). Nodes are cheaper than ever to run. Retail is coming. I've never been more bullish than now.
Edit - Hive also lost the SEO steemit provided, which was important for a lot of content creators.
this is true, but it looks like hive frontends slowly getting closer. few months ago when i looked for some older blogs it was all steemit, now i get some hive frontends there too.
That is a positive sign. Hopefully some are moving up the list as more information is placed on them.
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I think retail is not coming otherwise you would see more power ups to maximize earnings. For steem also. People like to shill what they hold, Hive only gets shilled by hivers on crypto twitter.
Retail only knows Bitcoin and Ethereum. They don't browse coinmarketcap. They use popular financial sites yahoo, bloomberg. They buy crypto on Coinbase, Gemini. Hive is not advertised to them. They are not on crypto twitter, they are on bitcoin twitter. Retail earn more than alt-enthusiasts for this reason.
Financial assets usually underperform during legal tie ups. Crypto hasn't been any different. Even the bots are set to "fuck that". All that Hive from the hardfork is sitting there because it is to risky to 🔥 and to risky to use.
Those projects develop for themselves and create an economy surrounding themselves. Hive is just a gateway. They are not assets they are liabilities, and I wouldn't be surprised if they thought the same about Hive.
Good points, but as a 22 year old, I see my friends warming up to crypto again. And believe me all they want to do is buy shitcoins. The don't even want to know the fundamentals. They know it's gambling but want the 100X.
TronSteem will find a way to monetize rowdy gentleman. The more they party, the bigger the pump.
Agree, but I truly believe the higher Steem goes, the higher hive will go. It is extremely easy for the narrative to be "Steem is centralized, Hive is the decentralized Steem".
And this narrative will be much stronger than a premine or something, or the DAO hack for ETH, because it 100% provable and covered in stories, and there's no debate to have there. Justin stole funds, censored posts on a censorship proof platform, and has the ability to vote the witnesses as he wishes.
First of all, Hive doesn't decide if they are decentralized. The SEC does. Second of all I seriously doubt people will care or even know about the pre-existing conditions.
And also, Steem and Hive decoupling have began and every month become more and more uncorrelated.
I'm not saying investing in Hive was bad. I'm saying the circumstances has made it a tough hold. I even sold my Steem so I wouldn't be rekt. Screw the asshats that suggested otherwise.
What I'm confident in is that there is more innovation that will be coming out of TronSteem. Hive is the ok boomer chain.
SEC decides? SEC will decide that every coin they can sue is centralized. I'd like to see them sue hive. Who would it be?
However, it is very easy to sue Justin Sun and destroy steem.
You are not bullish.
All great points. Not sure about the upcoming week for a hive pump but we will see how that fares.
The fact that development is taking place faster than ever is something that I find to be the really gem of what we are building. There is a lot of development which is always increasing the offerings to users who show up. Plus the tentacles are reaching into many different areas, not just into one target market. The community idea really can expand things to the point where there are hundreds of different target markets, each pulled in by their "own" people.
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