I suppose it is obvious to you what I am going to tell you but, just in case there is still any doubt, I leave you here the weekly bar graph corresponding to the amount of HIVE that is used to make POWER-UP versus POWER-DOWN.
At a weekly average of 500,000 HP in power down and, supposedly sent to sell, with respect to about 150,000 HP per week in POWER UP...
I'm not saying that of those 500,000 HIVE are being sold weekly, many will be used in investments within HIVE-ENGINE tokens, but the majority will be sold...
The true is that it is difficult for us to find the moment to buy, even if the price is historically low, we prefer to sell rather than accumulate.
It is a strange behavior of ours but perhaps it is that we have not yet found our bottom... or perhaps we simply have not found enough investors out there to make this project viable in the long term...
Your Post inspired me, Eddie, to do a little „response“ to the Hivers out there. 😅👍🏻
Many content creators live off of making their profits from Hive and there are many more who subsist on what they can generate on the platform and as long as they can easily make money they will do so because they have few other options. As I said in another comment, the future of this project is the result of the sum of wills of all those involved and the wisdom of those who somehow have power. May you be very successful! 💪👊
Apparently some think that BTC will outperform Hive.
😂
It's tough and I guess it's just a part of the ecosystem. The price has been holding up decently despite these factors but it's probably why we haven't moved as much as BTC.
Well... when somebody is selling, there's another one buying. The price remained stable over the last many weeks, so I would say everything looks good to me. The question for the buyers would be what they plan to do... why keep it liquid, instead of powering it and make a living from that nice curration.
You are right, but, imo, the price of HIVE is anchored around the current levels because the offer is higher than the demand, no matter if we load the exchanges with HIVE, few people are buying it, that's why we are not going lower.
Could the sellers be the Smart money and we the powerup ones not so smart after all?
😂 Undoubtedly
I'm surprised the price is as resilient as it is given this!
Me too
Sad but it's true...
This time again there is fear in the market because of ETF people are feeling that they will not be approved which is why the market is going down again especially money from altcoin. Bitcoin is being mined and put into it.
Well played there. @tipu curate 4
oh this sell off is pushing price down.
Perfectly true you said
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I guess that’s a lot of people from Cuba, Venezuela and Africa that need the income for their daily lives. And yes, too few investors and people on Hive buying. 🤷🏼♂️
Where did you get this statistic?
https://hivehub.dev/stats?metric=hive_power&timeframe=daily
I think why moment is the right time to buy right now instead of waiting