Well looky here at this prediction!
Was just over on CoinMarketCap poking around checking on the stats of some of my preferred things to follow over there and saw this big sidebar ad for this article from CoinEagle.com suggesting Hive would / could hit $12 USD by 2030.
https://coineagle.com/predictions/hive-hive-price-prediction/
It's a bold claim, and the article has some interesting information but is mostly the usual stuff about what Hive is and how our chain works, so not a ton of meat on the bone, but the projections they make are a lot of fun to look at.
Check it out, and let me know in the comments if you believe it, or if you just want to believe it, or if you don't believe it, or if you believe it's too low even!
Whatever you believe, at least you can count on the fact we will probably still be here in 2030, assuming that in 2030, Earth hasn't imploded yet, been hit by a comet, or destroyed itself in a total-loss game of global-thermonuclear war.
Submitted for your consideration,
@SirCork
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If crypto really does become mainstream and Hive survives there is no reason that Hive won't hit $12. Doesn't mean that it will continue to rise :)
Got my first bitcoin in 2010 and I was "late" even then to being "first adopters" so I think here 14 years later, we're about as "main stream" as we're gonna get in general. And any more "main stream" means gubmints are ramming digital currencies of their own to the unwashed masses at that point.
Unfortunately that's exactly what mainstream is. 14 years is not very long. Think Wright brothers to everyday people going on holiday by plane. Motorola brickphones to everyone with a smartphone.
The Wright brothers made their first successful powered flight on December 17, 1903. Commercial air travel began to develop in the 1920s. 17 years. So you got that one right but that required major industrial tooling and production to happen to make the planes built which took longer than the time it took for them to be merely "possible".
The first mobile phone publicly available Motorola DynaTAC, was released to the public in 1983. Mass adoption of cell phones began in the 1990s. So only 7 years, also requiring advancements to be made to produce them and factories to start churning them out and distributing them.
Crypto infrastructure is already in place, no new tech or factories required. Only the mass adoption part, so one would expect the curve to be much shorter.
But as you know, from simply trying to get your hive out to a fiat currency, its many steps, many involved parties and fees along that path, slow depending on the chain/coin and exchange methods and regional rules and delays (aka bank EFTs taking 3 days blah blah)
So there is room for some "retooling" in that process though there are some easier, faster ways depending on the coin type - like BTC backed visa cards and stuff such as Bitpay cards, or SaaS platforms like robinhood or paypal whatever where you do your crypto buying and selling from a card attached account, but its still too complex for the proverbial "grandma can't program the microwave oven" types.
So I feel like you make a valid point, but there should still be faster, more widespread "mainstream" acceptance in 14 years for crypto, than compared to physical tech like planes and cell phones, because useful software can and often IS created literally overnight.
I'd say the age of mass air travel didn't begin til the mid 60s and even then was out of reach for most people. AT&T launched it's mobile phone service in 1946 believe it or not. Car phone service in 48. Bell labs worked on the first cell mobiles in 47. The first Dynatac Bricks were 73 but they weren't mass market
Finland actually had a statewide digital currency in operation in the mid 90s called Avant, although it wasn't a blockchain more of a CBDC. I'd say mass market for crypto would be 2030 at the earliest with them becoming fully integrated into the internet 2040s. Mostly because I believe the currency aspect of crypto to be a dead end due to CBDCs being pushed onto the populace. Won't stop crypto being used a very liquid swappable asset though. I imagine that they will be used as a way to legally circumvent pigovian taxes, laws and patents. Eg. seed sales in agriculture, liquor taxes. Something that most people in the crypto arena haven't even cottoned onto yet.
Agree about the problems of converting crypto to cash. Revolut include the feature in their standard bank accounts but it's not well known. Bitrefil is a nice non-KYC way of getting round it.
Agree that producing BAD code can be quick :)
No contest, your honor.
Quite a bold prediction. Not outside the realm of possibility, but let's remember that this also depends on the true value of the dollar, too. Nonetheless, I'm still slowly accruing Hive where I can, no harm in buying the dip either way.
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Checking my watch... looks like we still got time.
Technically, if the watch isn't broken, it always has time. ;)
Don't believe it.
Say it isn't so!
Although STEEM may have seen higher; HIVE's ATH looks to be about $3.25CAD in Dec 1, 2021. It is hard to imagine what could drive it to $12USD except an hopium overdose of some kind. 😎
Ha, at least "hopium" is less rare than "unobtanium"!
But I certainly agree with you. We've got a long row to hoe before these beans are gonna grow much taller.
Would be curious to know the author.
He's some crypto news blog journalist guy, bio by hovering/clicking his name at the top of the article.
wonder if it's the same as @maxinpower
Possible? But my quick pass at type-writing analysis leads me to believe maybe not so much.
https://coineagle.com/author/maxporter/