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RE: If Hive were to hit $10, how much would you keep?

in Ask the Hive10 months ago (edited)

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

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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

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.

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