Good thought @revisesociology; we are generally in agreement. However, this is the way I see it:
Hive rally (I can't use the word pump, I am sorry! 😀), is of course driven by speculation. However, I urge you to think speculation is a good thing. I am using the word in its dictionary means in trading world:
investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.
If we have a market. If we have a product that can be bought and sold in an exchange, we can and we should have speculation. That is what drives the outside engine of this machine. To the inside, however, we need initiatives like #posh. I like to add, #posh is nothing but a desire for better, magazine quality content. I just like people to consider writing articles that could up published in say Medium.
I will also argue, price drives engagement. Also engagement drives price. It is a chicken-and-egg problem.
PS: I don't think beer token works here yet :)
I'd like to think this was a Hive Rally, but I'm holding off until after this crazy powerdown period has passed to make a judgement as to that!
I agree that speculation is generally a potential benefit to the Hive and even necessary to our success, I'd just like to see stable and steady investment, I don't think these wild swings are attractive to the majority of potential investors.
The right kind of engagement should of course boost the price.
I got over optimistic about the Beer call, obviously it's just the token that's migrated not the call function!
Cheers anyway!
Of course it is a Hive rally, but it IS due to speculation. Any speculative rally usually wanes after a while. This one will too. But hopefully, if we keep people interested, each speculation will lead to higher prices and wider adoption. That is the hope anyways.