RE: Zooming Out Looking At HIVE
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$1 HIVE is still my base case. Maybe we even see 1.50-2.00 if things run hot. ✊🏻
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$1 HIVE is still my base case. Maybe we even see 1.50-2.00 if things run hot. ✊🏻
$1 is good, but I do see so much more coming and do not see $2 as hot either.
This cycle/year? What is your target and what does make you that convinced?
My Hive is worth minimum 1000 Satoshis, and my sell orders are around 1.18 - 1.2 HBD per Hive. In order to sustain a $1 Hive price, users must stop selling for so little, and also it might help to save another 50 or 100 million HBD. Hive flipped HBD before, and it will happen again, the only question is when, and if users sell it down again, or support it.
That‘s exactly the reason why I don’t believe in much higher prices than a $1 HIVE: too many Users cash out as soon as we rise a bit. So they way up to $1 needs quite some speculative buying to compensate that.
Or 180,000 new users powering up 150 HP per year, to eat up the inflation supply. I am very hesitant about speculative buying, and pump and dump traders trashing our blockchain. Slow, steady growth is preferable. It's really a very niche blockchain for certain types of people-- web devs, coders, scientists, authors-- most people don't get it, and of the 70+ friends I have invited here, only a handful ever became active. That's ok though, one day someone will make a great game or dapp with Hive in the backend and boom!
Like Splinterlands, but that lost its shine. No other Killer DApp around, but that might come one day again. Hive is a great ecosystem and I would like to see more people recognise it. Onboarded a few and some became real Hivers.
One guy started writing chapters of the book he was drafting. Then one day he stopped, and published physical copies of his book. Good for him, what a great story. Fortunately Hive can be that sort of a catalyst to help people get their work published, and lead to greater things. There are so many excellent stories, we should celebrate all these types of real world accomplishments. It's not about the money, its about the proof of brain! And the friends we make along the way, increasing our reputation and spending time doing meaningful work.