The recent Continuous decrease in POB token price, do you think is any related to the having difficulty in accessing the tribe via proof of brain front ends.
No, I don't think so. Sellers Sell POB through Hive Engine, Tribaldex or Leodex. Until they have access to it they will keep selling.
Harsh Reality is There had always been and there will always be People who will keep selling their Tokens no matter the Price. Because for them it's just a Token or Easy to get Money method.
what do you think can be done to have an increase POB token price?
First of all we need to maintain a Standard of POB, some users take POB for granted because of good rewarding service of the community. That should not be the case, I fear of this goes on we might end up like other Tokens BHT, Lern, Neoxian etc.
We need to create scarcity of POB and that could be done via Burning and Staking.
An advice to all panic POB sellers, Staking is the best option on POB, it's the best investment but If you don't want to stake its your choice but please make a vow to yourself to don't sell POB much cheaper, try to hold your liquid POB and wait for Price Push unless it's very critical. Meanwhile try Delegation method, You can delegate your POBs to Top curators like @scholaris.pob, @onealfa.pob or if you want to profit from delegation too then delegate your POB to @brofi and receive rewards in BRO coins. Make a threshold limit price for yourself and stick to it no matter what i would not sell below this price, that will definitely help in giving stability to POB Price.
An individual creating a threshold price value might likely help in containing this Continuous downward POB token price.
If not i fear for the price, the way is going presently.
I'm not afraid. If POB nose dives I get discount POB to stake.
POB will be back overnight.
0.1-0.2$ should be the end limit for POB, from here it can rebound back. But I fear if we go below $0.1 mark that will create more pressure and might leave serious long term effects. Moreover I see POB is having an active daily trading volumes, people are constantly buying and selling, it ok for now as we have few top users constantly buying and staking. But how long that would be if we don't invite more support and better use cases. Also 21 Million supply is way to much and far ahead to go, we only achieved 1.5 Million now. Current Token Burn amount is below 1%, that should be increased. Recently Cinetv proposed Token Burn proposal, we might need to do the same in POB too. 🙄
I agree. 2 cents would be fine for a short time, but under one cent is trouble.
We have to get pobbing on the R & D. Personally I don't see any rush but we need to be consistent. So far I see no actual plans for any increased ecosystem or usage. If the is nothing done within three years then POB may be over. If we look around it is obvious that gaming, NFT and metaverse are where the tokenable internet is today. As for the future I get dizzy. The possibilities seem endless.
Burn sounds like an ok idea, but not good enough. One way to burn POB is promoting posts.
That's another sweer angle to this.
as of now #pob price is defined by the price order which an individual is willing to buy or sell, which is quite bad, pob should have its value which individuals can't manipulate
This present pob token price can be manipulated easily because there are a lot of whale hodlers and stakers in this token.
Out of over 1.4 million pob circulation, only the top 10 rich list hold half of the present circulation and only one person hold 20%.
Maybe that's some people's wish, but it is impossible as real money is used to buy and sell the tokens not imaginary numbers. An interesting thing to consider is the actual price of the token. If someone buys POB for 10 dollars today that is not the actual price you will be able to sell your POB for. The next day it can go down to ten cents. It just means a certain number of tokens were sold at that price. It doesn't reflect the entire value of POB but the value that one person felt POB had for that moment. That pump though would have an influence on the price for a short time. The value of a token is in how it it is used and by how many people and how often it is used. There is also value in the plans and ideas of a token. So POBs value is very much dependent on its users.
I totally agree with your summition above base on the fact that POB standard should be really put in place eg POB should be the agitation of itself,not going through a long process Been converting to hive first.also the more Of our engagement the more POB is see to be standard, because I can't imagine by this time we ar just see few comments and engagement since morning the question was posted.
People are not realizing what they are losing by selling POB at such a low price. See for Hive itself, what kind of price hike we have witnessed over night. In no time POB might witness the same, people selling reduces the price, it's just a matter of time when a heavy buy would sky rocket the price.