Let's assume things go well for crypto from here on out, and in this scenario Hive were to hit $10 and stay there.
Without taking into account the "if I know it stays here I'm going to buy more to sell once it goes up slightly if $10 is guaranteed", or that you're a popular author who can easily earn it back, how much would you keep under your control for the foreseeable future.
I ask this mostly in terms of decentralization and distribution of the token.
We've seen recently the ETF buying up Bitcoin: https://dune.com/hildobby/btc-etfs
So in a scenario where there's whales, institutions, etc, all buying up hive for the attention it can give you, how much of your current stake would you hold for the influence?
I remember back in the day when youtube was merely something regular users posted on, and it became a bit cringe seeing the usual TV personalities enter and be all "subscribe and like" at the end of every video clip. It just felt like this thing that was for people like you and me who had something interesting to share wasn't just for us anymore. Similar to Reddit and the "ask me anything" community started to become popular seeing celebrities join or just make an appearance to shill their latest movie/album/etc. Once there's money to be made they'll appear.
I always wondered how things would play out here on Hive if that were to happen since things work so differently here. Imagine some big studios were to want to promote their artists and buy up a lot of HP or lease it, they could potentially easily take over the trending page that way as well and the regular folks wouldn't stand a chance of hitting it the way they're doing now.
So I guess the question is based off of all that, how much of the stake you own do you think you'd wanna keep forever and there won't be a price that'll get you to sell it off?
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I don't see that happening if it's a few individuals buying a lot. Far more likely to happen if it goes the other way where millions of individuals are buying a little bit. You'd need those millions of regulars first before big names come with big money in order to soak up some of the attention, since they wouldn't be getting any attention without those millions of individuals being here first.
Without those millions of individuals with smaller stacks, what happens is the token value could increase as the thousands with smaller stacks sell. Then you're left with hundreds of individuals with larger stacks unable to meet the demands of millions since it's impossible for one individual to consume something like millions of instances of content for example, in one day. So those millions become pissed off, claiming everything is broken, leaving after only being around for one week. Sound familiar? And one can almost see that scenario happening using the responses under this post as a guide. More show up intrigued by high value token at the exact same time people are moving out of HP.
If one individual purchasing a larger stack showed up but also brought thousands of paying supporters all purchasing smaller stacks, that would get the ball rolling. Or if one big name showed up with nothing but also attracted tens of thousands of paying supporters all with smaller stacks, then we'd be more likely to see a $10 token that holds value. And it would most likely increase further and hold if there were thousands of big names all attracting their markets consisting of tens of thousands of individuals with smaller stacks.
That could be a content creator, a game, a product, popular community. Anything. Ideally you'd want millions with smaller stacks combined with the intention to support something they came to see and want to enjoy consistently. That market is far less likely to dump for profit, regardless of token value. The product suddenly no longer filling their needs would be the reason they leave. However, they'd only be turning their back on that individual/product/whatever so there's still a chance they'd remain, finding interest in something else to support.
And if it ever hit $10 and stuck, I'd be the last person going around telling people my plans. lol
I often ask myself what the incentive is for supporters or newcomers to come pay.
Newcomers seem to come to try to use HIVE as a faucet instead of wanting to buy up hive to receive value in return. If transactions on HIVE are free, why would newcomers purchase even a tiny stack? I agree with what you wrote, we want millions of accounts with small stacks with the desire to support something. I just can't figure out what that something could be.
Although I do not have enough Hive at the moment, if we were considering hypothetical scenarios, I would consider withdrawing a certain amount of Hive to acquire materials or resources. With these, I could realize a self-sustaining project that would provide me with food and plants for my health care.
The remaining Hive I would use to curate content on the platform and, if possible, support projects that are beneficial to people's lives with my vote. I think I would allocate very little for leisure, as most of my free time is based on reading, writing and listening to music. . Although I would love to have more time to play guitar, it is not a priority for now.
On the subject of decentralization, I think this is an area where many scenarios can be envisioned. However, it seems innate to generate a process of centralization that can have variable durations when it reaches a limit that can be unsustainable. We can see examples of this in history, in society and even on the Internet.
So, it is natural that in any system, including Hive, centralization processes are generated. In my opinion, considering a hypothetical scenario of hundreds of thousands of publications per day, one way to mitigate centralization is to create communities that manage to segment a large number of publications per day. I believe that AI-assisted text mining would save a lot of time and work without being biased to the detriment of ordinary users.
In Hive there are users who generate very good quality content. I stay a couple of hours a day reading them to clear my mind a bit.
I've been putting Hive aside lately so I can be ready for a nice pump. I would move whatever I have liquid into HBD and then just leave everything as is. Since I still plan on posting each day, my stack would just continue to increase. Any new rewards would be moved into stables, but nothing would be powered down. That's like killing the goose that lays the golden egg!
That's the key lol. I remember that guy I used to work with justtryme90? His Steem value passed over $1,000,000... he held, and it plummeted. I feel like he ultimately powered down and got like 20k lol.
Currently that would only amount to about a fraction of a house if I took all mine out at $10. Maybe just the living room at current UK prices. So Even at that price it would hardly be life-changing for me, and I'd lose all my Hive presence for it.
So... I'd probably just enjoy 10% of it and keep the rest powered up. If it got really high so 50% could fix up my life to not worry about rent/mortgage n' shit, then 50% out tops.
This stuff always bothered me. I figure ultimately each platform will have to adapt and have their own controls on what makes their personal front pages work. But it bothers me. I'm still not convinced the witness concept is protected from like Disney taking over all top spots. If nothing else, everyone has a price, including current witnesses.
Increase the number of consensus witnesses up from 20?
Think I would have to know why it went to $10. If it is just natural and nothing economically in the world has caused it, I'd probably convert about 40% to HBD and add it to my savings. And if I had no big life need for the money at the moment leave the rest as HP.
If the dollar itself is deflating so badly that Hive becomes worth $10 but the $10 is only worth $0.30 in today's value. I'd probably just leave it all as HP. Or if some other economic or global event is occurring, I'd have to wait and see.
As far as keeping it HP for life, definitely no guarantees for this. I like Hive but things like this can change overnight and even though my loyalty is pretty strong with this one (at this point it is the only crypto I really follow at all.) Never know what is going to happen.
I think I would keep 80% of my stake. With the remaining 20%, I would buy some things I need for work. Simple. Buying and selling exchanges have to continue for the market to be liquid. But since I really like this Blockchain and see its potential, I think a way to add value is to stay in it and contribute. I wouldn't contribute anything if I withdrew thinking I could start over from scratch. Plus, I can't undo the foundations of the building I want to end up having. A skyscraper.
I don't know about keeping it forever, but for the next cycle, I'm putting together a kitty of about 13% of my holdings to take as profit. I'd based that on Hive reaching 2 USD in which case it would all be tax-free. At 10 USD, I'd see about 30% of it disappear in tax. The remainder would still give me back my original stake and cover the outstanding mortgage. I have thought about putting some of it aside to increase my stake when the cycle dips, but I don't have clear plans yet.
I feel it's pretty important for Hive to have a reasonably sized middle range of stakeholders - Orcas and Dolphins. At 10 USD there would be a very nice (semi-)passive income from HIVE and second-layer tokens as a mid-range stakeholder. Things would change, that's true, but there could also be better opportunities for creative people. I feel the thing there is building your audience, developing the relationships. It has already changed. I used to enjoy sitting down and watching a video from a homesteader who'd just come in from working and was sitting at his kitchen table chatting, just like you were on the other side of the table. I loved the insights into people's lives, the reality like one person tipping back on their chair and then toppling over.
But there you go.
Seeing as I'm just shy of 10K (can't wait to hit that particular milestone) I'd probably power down %75 and drop into HBD savings. Lots of places still left in the world where an extra 15k per year in APR could let you live very well. That being said, I've always maintained that I wouldn't sell or power down until I could buy us a house, or at least an apartment. I do remember those magical days when Steem pumped up to nearly $7 and my account was valued at around 50K. I honestly didn't even consider powering down back then, it would have needed to hit $20 or more for me to really think about it.
My plan has always been to never power down.
In such a scenario, I might lease/delegate something like two-thirds of my HP (or 90% of my Resource Credits?) for an income stream I could siphon off.
The remaining third would be for whatever little bit of influence I have here. With $10 HIVE, even a third of my stake might mean I could distribute something on the order of $10,000 per year via curation.
Since I trade stocks, I'll probably apply some strategies from there. If Hive went to 10 USD tomorrow, I would sell half, to lock in profits, and let the rest run. If it was a slow and steady rise, and it created good bases as support, I'd probably see how it goes first before selling. As they say, let your bulls run.
I am not sure how much, but I want to be debt free, and have some extra left over - ready for the following bear. Selling 50% would leave me with about 125K still, which would be pretty decent!
If hive hit $10, it will actually be difficult to resist the temptation of not selling all but I think selling 80% will not be bad
I would keep 10K HIVE for influence and curation.
This just depend on how much can be earn first to build a solid base, then keep the decent amount staked to support/earn/connnect, it would help find the right content and keep making the one u enjoy more.
But from what we be seen, people don't understand it and abuse of it as always..
I have around 1,7k Hive power currently and my personal goal is to reach 2,5k Hive power. So before I reach that amount, I would not sell anything.
If I got over 2,5k let's say to 3k Hive power and then Hive goes to $10 I would probably sell 500 Hive and then get back to collecting without watching the price again.
Only because at my current spot in life, I could put 5k$ into really good use :)
I’d keep around 51-75% of my current holdings. I absolutely could use a big cashout so that I can stop stressing about money irl & make some life changes, but I don’t want to just abandon Hive and take everything out. It’d certainly be a tough decision. I just know last time we peaked, I didn’t withdraw nearly enough at all & I don’t want to make the same mistake again.
To be honest, I am not sure I would have much Hive (Power) left at that price. The moment Hive hits $1, I'll start dca'ing out and swap to hbd and put these in savings. As there's one thing I've learnt so far about Hive and crypto in general, is that it works in cycles . So I want to protect some gains against the next bear market. When Hive hits its low, I'll slowly start to swap hbd into hive once again.
In theory, it looks great, in practice, well we'll see how my plan turns out.
So far in almost 5 years on Hive I have never done a Power Down and I only have growth goals right now because I really like Hive.
With Hive at $10 I would have half a million dollars with my current 52K. In my real life I have a lot of commitments and a 10-year-old daughter and her future especially studying will require a lot of expenses. One of my life principles is that if you receive you have to give and so if Hive reached $10 and I decided to sell I would always keep at least half of what I earned here
If it was 100% certainty that it would stay at that price then 20k - I'm not there yet but assume I will be by the end of the year. Since there is no way to guarantee that it wouldn't just drop back down to nothing right after reaching the peak I'd say more realistically 10K. A $10 price would be too high to not take some gains and given how unlikely that it is that it will happen and even more unlikely that it will stay up that high for an extended period of time, I'd have to cash out some portion of my HP.
It took me a long time to reach 10K though (5 years or something) so I don't think that I'd ever go below that number.
This recently happened in my country, a meme page with very strong engagement bought the page and started spreading gossip and thus making money with celebrities and promoting futile products. I have the future of what people can become with so much without much use.
I would still keep most of it - my curation will be more then needed in this scenerio, as my full upvote with even 50% voting power will then be worth of like $15. And this market price would attract thousands of new users, some of them with the intention to milk the network.
If Hive hit $10, I would continue to HODL. I might power down enough to convert the daily "interest" to HBD if those prices draw enough users for real economic activity, but that's it.
Well, If Hive hit $10, that means my stake would have significantly more earning power than it does today in $ terms, so my answer would be "none or very little", why kill the goose that lays the golden egg ?
I think my long term goal would be 10K HP. What I don't really like, is that everyone can know how much money I would have in my account, so I would prefer to withdraw a large part of Hive and store them in a wallet. When I reach 10K HP, I think I would turn off every time I hit 15K. BTC Halving is coming soon, let's see how Hive reacts to this.
It would be great to see our beloved HIVE with such a high value, value that it really deserves to be a network with so many dapps and options for everyone, whether content creators or developers, and even investors.
In my case, I'm from Venezuela and here the economic crisis is a bit complicated, the income generated from HIVE is divided in 50-50, a part of that I leave to buy something at home and the rest for internal investments in hive, either with the LEO token or other tokens, as well as in NFTs games, and Holo Zing is also in my list of favorites.
In case hive reaches 10$ I would have a smart strategy of not selling anything I have in my possession of HP, rather I take the opportunity to sell the hive I have in liquid, keeping the HP, and the proceeds from the liquid HIVE I sell I would use them to invest in more projects of the same HIVE network.
I've been wanting to put some money into HBD savings for quite a while now. So, that's probably what I'd do. Convert and put 25-50% of my liquid Hive/HP into HBD savings.
Just as crypto money stays in crypto, Hive money stays in Hive. 💰
I’d hop in my teleporter to the Italian restaurant on Mars and maybe a stop at the fountain of youth to get a touch up.
I'll definitely keep half of my hp, I need it for curating and maybe convert the rest to hbd🤷
I live in Latin America and hive has become one of my sources of income. I usually keep 50 % of what I earn here and with it I can invest in the future. I have holozing on my radar and in the future I will be able to increase my hp.
Where hive reaches 10 it would become a worldwide trend and many investment funds, artists, athletes would look this way. The only thing that worries me about hive is the security and that anyone can see how much you have.
However, it is a blockchain that I love and I see potential in it.
The ultimate goal for Hive users should always have enough coins to ensure that they have "infinite" bandwidth. Interestingly enough even 1000 HP gives more than enough credits to do anything a user wants, however just to be safe 10k HP might be a better target to account for RC inflation.
If Hive goes to $10 I'd have to "sell" 50%-90% of my stack. Of course by "sell" I mean store that value outside the network and hold it in a safer place in case of a crippling bear market. It would be foolish to assume we could create a floor at $10, and users that care about this network should be selling if only to defend a higher floor than 25 cents. Something like $1-$2.
Lucky for us we have access to HBD which allows us to "sell" Hive but still keep that value in the network by increasing the demand for our debt. Other than that USDT and BTC are probably the way to go.
Hive went x30 last bull market from 10 cents to $3+
An x30 from 25 cents would be $7.5, so not too far off $10.
All of it and I would spend the payouts at a casino because with the sort of luck that comes with $10 hive who knows what's gonna happen next :D
lol
wow im not really sure. id probably want to convert a great portion into hbd and rebuy when it goes down. I wouldn't see the point holding hive on the way down
I have 4k worth of Hive Power and if Hive went up to $10 per one, I would convert 2000 Hive to HBD and leave the rest. Would push 50% to savings to enjoy 20% APR and the rest HBD would help me settle lots of things while still making more HP through curation and posting.
I imagine that I would sell no more than 20 percent. But I would also use part from that 20 percent to buy some splinterlands cards. From remaining 80 percent I would convert part to HBD.
Let's see how much Hive gets up, once it'll upto $10 I'll put half in savings while half in hive/hp to maximize my vp with that I'll help all the new users 😁
If it happen ;)
Keep 80% to 60% in Hive and the rest in HBD Hive Savings. 🚀
Good questions.
I'd probably follow some of my predecessors in the comment section and sell a percentage of my liquidity, power down 20-30% and put it into other usage, like HBD or external investments.
A lot would then be used to purchase Hive more cheaply when and if the price falls again. Kinda swing trading.
Still would stick to HP to be able to curate.
But, wouldn't the rewards for posting and curating increase in value as the price increases?
1% HIVE or 50 HIVE (the amount required for games and trading on the exchange).
10k $ valued in hive..
and cash out the rest. need to diversed it.
and from 10k$ it will easier to get revenued from the APR.
thats my thought
I would not sell if there is no need that is for sure but life is miserable. If all that's left is blade to hold on, I'd leave at least 100 hp on my account. That will be enough for me to do posts and comment and upvote other
It is very tempting but at the moment it would not be an option for me to sell, of course unless it is necessary but I would always keep Hive as much as possible, greetings
🤣🤣🤣 What a trap!
Really I can't say. Maybe I would sell some and stake some 😃
I think this question would have to be answered in the broader context of life. If we were strapped for cash in our daily life or we were basically doing OK.
If everything was solid and OK financially, I would see no reason to do anything other than just continuing to hold, likely funnel all liquid rewards into HBD savings... assuming that was still "a thing" and still paying decent interest.
If we were struggling financially, we might take an amount out sufficient to cover the shortfalls. I don't think I'd want to drop much below 2500-3000HP or thereabouts. Enough to still curate actively, and give worthy content more than "dust" upvotes.
=^..^=
$10.00 tomorrow so it’s todays spending power, I would sell half. But obviously this is pretend fantasy talk since it isn’t going to $10.00 anytime soon.
Personally I will keep ALL my HP and not power down anything, no matter what price we will see for one HIVE during this bullrun. Be it 3$, 5$ or even 10$.
Would sell my liquid coins though which is about 10% of my stake.
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