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RE: PowerDown Debacle

in LeoFinance4 years ago

no investor would want to lock their fund for 13 weeks

Really? I heard about investors, who lock their funds even for a year. Or even for more. Of course, not on Hive. Many people on Hive lack the long term perspective. Many people want quick profits. Probably this is what holds back the Hive price from reaching $1 USD.

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The people on hive are thinking from the perspective of the investor, we really don't know what an investor will think I feel it's a really dicey issue

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Many people on Hive don't have the spare money to tie up for a long time. Hive is a place where people can blog for reward primarily and not simply an investment instrument as you are suggesting it is! Not all users are middle-class, university-educated Westerners earning a good salary.

Not all users are middle-class, university-educated Westerners earning a good salary.

This will be probably surprising, but neither am I.
Actually I do not even earn the minimum wage in my country (Hungary).