Chatting yesterday in a group of manic traders like myself, the topic of conversation, apart from the manipulative stupidities of characters like Elon Musk, was whether or not there were more shitcoins to invest in today...leaving aside very dangerous products like SHIBA for example.
We came to the obvious conclusion that in Bull market EVERYTHING ends up having its pump and that having a little of fundamentals and looking for the right entry, any project could be profitable.
Following the conversation, we got to comment on the case of HIVE, its great fundamentals and how little the Bull market appreciated in the price of the token.
Obviously, we all came to the conclusion that despite the excellent, although still small community of enthusiasts, the selling pressure that HIVE, formerly STEEM, has, makes it very difficult to grow in economic value. In addition, its restriction on the ability of an investor to withdraw their investment, the famous 13 weeks of Power Down problem, makes it almost impossible for even the most risky of investors to put thousands of dollars in the project, since the risk to recover it is very high.
The risk is not only losing your investment but also not being able to extract profits on time.
In a beastly universe of speculation, such as the crypto-market is, HIVE seems to want to anticipate the future stabilization of the market, if this ever occurs.
Unfortunately today, the average crypto investor is looking to make a profit in a quickly manner, not caring about the fundamentals too much ... it is the typical "Grab the money and run" story.
Unlike any other crypto, HIVE needs more educated investors, much more technological, longer-term and less effervescent ones... and, let's be frank, in the crypto universe this type of investor profile is clearly a minority.
We could say that HIVE investors are more noble, more dreamers...a bit naive if you allow me. In fact, we have managed to cast out all those actors that we considered "bad" because they acted as squeezers of the reward-pool.
I think those "squeezers" are the majority out there today.
Our project will always be a Long-term project in this aspect...it is a project that seeks the usability and sustainability of the ecosystem, putting aside the economic term.
It is possible that decreasing the power down time helps but I don't think it is the solution. The solution is to be more visible, to have more DApps, to offer and publicize our economy and our possibilities and all of these are things on which we fail continuously and that will require still a long way but... I am still confident everything will arrive.
Long term vision is the most difficult one but also the most rewarding over time.
PS: to be honest, I had prepared another type of post, showing a large symmetrical triangle that can catapult HIVE to 1.3USD in the short term ... but, as I was writing, I changed the topic of the post... I don't know .. . Sometimes I feel that we lose hope in ourselves and maybe we just have to give time so, I feel like today was a good day to reiterate our need for a long-term vision.
Posted Using LeoFinance Beta
The grab the money and run is definitely the majority and probably a larger number still amongst us on Hive, which I can't condemn we are all entitled to how we manage our funds which is why I like the decentralized space but for me a long term recurring income is better than grab the money and run projects.
Posted Using LeoFinance Beta
That's the vision we support here.
Growth is what is important. It is easy to get a quick hit and run with the profits. Most cannot do that consistently however. So the approach you describe is where our wealth is to be found.
Posted Using LeoFinance Beta
Hello there my dear @toofasteddie, I totally 💯 agree with you.
Hive is different because it is less contrôles by some entity able to artificially pump it as it is truly decentralized. This sell pressure is an issue that we need to keep working on.
The 4 weeks powerdown is not the solution, we have at least until now 13 weeks powerdown because it fits what the community is looking for ! Long term investors and users.
Who are the ones bringing value to Hive ? These old time users that just stayed and connected with each other to build dapps / curation projects, etc...
We are a “people’s blockchain”, therefore committed individuals ARE our most precious thing.
Peace ✌️
"People's blockchain" is indeed one of the best slogans we could use in our promotions!
I voted for 4 weeks power down, in case you missed it @lordbutterfly made a proposal for it.
13 weeks is just beyond reason.
Even #defi with much bigger apr provide instant exit...
Posted Using LeoFinance Beta
DeFi doesnt have chain security. Hive.loans will solve the issue without the need to alter the power down time and affect the security of the network.
Posted Using LeoFinance Beta
Hive loans don't solve the problem of investors saying screw 13 weeks for a joke!
I agree. I watched as HIVE, LEO and several other great projects here blow up since last year. But, I've also watched as the market has risen to great ATH and for the investments made into these projects deteriorate over this bull market. which disgusts me. I totally agree that the 13 weeks is what's killing the idea that any large investor is not gonna enter into a token economics that cant sell when they want or need to. That's also a two-way street as to maybe the theory behind the wait is so to detour the investors from selling. Making the value hold for longer periods of time. could be a great idea, but it's killing this token's ecosystem. Driving all the profit from reach. Well, lets hope not. Good luck everyone and God Bless!
No doubt hive is for the long-term. It will take a lot of groundwork with publicity and education as you said before its value can appreciate to a sufficient level
I think hive is ahead of it's time. The average reddit user doesnt understand blockchain, or decentralised tech so Hive can be intimidating at first. 10 years from now when a substantial portion of the population has at least some crypto, i think Hive could potentially be huge. I can imagine large sub-reddits makinf there own front end on the blockchain to reward users. Think if every sports team sub-reddit made a hive front end with a token, and interact just like on reddit? I think sub-reddits and similar communites are who we should be reaching out to as oppossed to like instagram.
I bet 10 years from now there will be communities like that. Hive is in a good position to be that platform, if we can do it right. The tech works great, its the marketing and problems like steem had that could prevent it. Even if we dont see huge adoption soon, if we just keep building, and making good content i think we will be in a good spot 10 years from now.
that's why I still have hopes with XTZ. It has pumped too little so far.
I subscribe 100% to your thoughts on Hive. Hopefully one day we will sort things out for this blockchain.
Hope doesn't do much though...
Posted Using LeoFinance Beta
I think it is always a good time to reiterate long term vision. Few are able to successful trade. It is the simplest, yet hardest thing to do in the world. Many think they can do it because it is so simple only to realize how hard it is when they nuked their trading accounts. This is true no matter what the asset being invested in.
Hence most need to look long term to ride the waves of emotion out. Since few can handle it in a profitable manner, they need to focus upon what is being built in crypto. This is where the difference is in my opinion.
We have a huge lesson from the Bitcoin hodlers. They are wealth today because they kept their long term vision alive.
Posted Using LeoFinance Beta
The fact is that crypto industry now has a short-term vision view. At the end very few projects will prevail I guess.
I think some of the problem is that the simplicity of earning HIVE has made it attractive for people from places where the rewards are meaningful income. For example, I can afford to allow my rewards to accumulate, like many other Hivers. On the other hand, many of the contributors rely on Hive to provide for their expenses. I don't fault them for cashing out. On balance, I think perhaps more people rely on Hive for income than are able to afford to accumulate. It may not be a trader mentality at all.
You are right we really do need some words of encouragement especially in the bull market when the expected growth, both in users and in price is lack luster. And thank you for the support on my alt account ( the memes one ) I appreciate it :)
You are one of the oldest followers I have that survived so I am glad to support all friends remaining 😉
I think @dragosroua is older :P but I appreciate the nice words :)
of course
Well, investors looking for a way to move in and out of Hive quickly can just forgo powering up.
Posted Using LeoFinance Beta
HIVE is super! It will hit 4-5$ next year. And probably 10-20$ in 2-3 years from now.
We are now in the last phase when the HIVE price is moving sideways giving a fake signal like to some 'investors' to sell their coins at the lowests levels.
Posted Using LeoFinance Beta
This is a fact that more investors put their money if defi projects that give faster ROI. Hive with 13 weeks cashing out is not ideal for pragmatism investors.