@acidyo was writing about HIVE at $10 - and as farfetched as it sounds at times, people should also remember that this is crypto, anything can happen. Of course, the likelihood of $10 HIVE might be pretty low, but with a decent run on the markets and those crazy crypto cats, it might get a peak at that point. Granted, it wouldn't stay there long.
The floor is important.
I have been around on Hive for a while, and have held most of what I have earned through participating, and what I haven't held, is still in crypto, and mostly on Splinterlands. It has been an expensive exercise to stay in Hive, if looking at the "I didn't sell" situation, as if I had a few years ago at the last high, it would have paid off my home, plus some, and still would have left me with a significant amount.
Live and learn?
I hope so.
Though, I am also not confident that I would do anything that different. There is something about selling HIVE that just hasn't sat well with me, even though I would also like the opportunity to sell high and buy back low. It is the few years in between that I think I "fear", where for at least some period of time, I wouldn't have that much held.
However, I should probably spend some time working out just what I would do, considering that I suppose that even if HIVE did hit $10, a couple years later it would be hitting a new floor again. Hopefully a higher floor, but if it hit 10, I would suspect that the new floor would be somewhere about 90-95% down, so somewhere around the 50c-$1 mark.
50c sounds good right now, doesn't it?
When it arrives on the way up it will feel good, but on the way down, people will feel quite different. HIVE isn't quite the same as a lot of other tokens, as there are on platform implications that are bound to the price, like the earnings on posts. Just imagine that if HIVE were to hit $10, that would currently put a $1 post at the 30 dollar mark. That would equate to 0.75 HIVE and 7.5 HBD for the author, and 1.5 HIVE valued at 15 dollars for the curators.
10 dollar HIVE would give me about a $120 vote at full power.
But, it wouldn't likely stay there long, because markets do what markets do, and people will be selling, Despite what they say now. It is hard for people not to, isn't it? Assuming that the price is going to fall again, selling while the going is good just makes sense. At least for some. Though, it would be interesting if it hit 10, people sold and then it went up to twenty.
That is why I don't think I would sell that much at ten, but I would look to set some markers along the way. For instance, if I thought ten was going to be the roof this time around, I might sell 5% at each of the dollar markers, with 25% sold at 10. This would mean that at that point, I would have 50% of my holdings still. For example,
5K at 5 = 25K
5K at 6 = 30K
5K at 7 = 35K
5K at 8 = 40K
5K at 9 = 45K
25K at 10 = 250
total = 435 at an average of 8.5
Sounds okay.
In that scenario above, I would still hold about 80% of my HIVE though, and I think that might be too much to hold, so if it were to drop and look to keep dropping, I might do the same on the way back down too, with the most going near the top. For me, that is life-changing money, because it takes out all debt, allows for us to finish our home, and sets some foundation for other ventures.
But, it is farfetched.
Isn't it?
I dunno. In the last seven years, I have seen some crazy things in crypto, so what is holding back HIVE from some of the craziness? Why is it that a token that actually has usage behind it and is functioning in many ways with a decent level of stability, struggles to get any attention. How come so many of the other tokens that really don't have much going on, get interest?
Maybe it is because people feel that they can get it for free, that they also feel that they don't have to buy it. Or perhaps, because it can be earned, people aren't willing to take it seriously. Maybe there should be a higher barrier to entry to get some HIVE.
What do you think?
It is one of those contradictions, isn't it? People complain about not earning enough on HIVE, and complain about the price of HIVE, yet few seem to want to actually buy some HIVE off the markets and use it to reward others, take a bit for themselves. If they did, then the earnings on HIVE would increase to better satisfy the creators, and the earnings from curation would increase also.
That is crazy talk.
Best just keep dreaming about high prices and other hypotheticals.
Taraz
[ Gen1: Hive ]
Posted Using InLeo Alpha
Oh yeah, in such scenario there is no doubt many people will be selling as much as they can. Because it's indeed very hard for people not to.
This could be due to many reasons. But on the other hand, I would even venture to launch the hypothesis that many people today in the crypto world, due to the rapid advances and accelerated changes in technology, artificial intelligence, augmented reality and the metaverse. A while ago they stopped dreaming about just owning a mere simple Lambo out of their "cryptosocial" earnings and now they are aiming and are more interested in possess new means of locomotion more in line with the current times by earning more profitable crypto tokens else where.
Yep, that's right. Hypotheticals is much more of what most people will ever have.
It is interesting to think about, I'm sure many would sell, I commented on @acidyo 's post too, but had a different response. I'm almost at 10K HP so if Hive went to to $10 I'd power down 75% and drop it into HBD savings and try to live off of that in a cheaper country (plus working some). Acid has been around here a long time, long enough to remember when Steem hit nearly 7$, I was around back then too, and I remember seeing my account valued at nearly 50K once. That was, and still is, life changing money for me and my wife, but I didn't even consider to sell back then. My limit for Hive is "Can I buy us a house, or even an apartment?" If my account ever hit that kind of level, I would be really tempted to sell. Not gonna lie though, it would still be really hard. There is something special about this place. Steemit was my intro to the crypto world, Hive came out of the ashes of it, it seems to me like the real idealists are the ones who have stuck around here, the ones who just don't want to give up on the dream. I think that might be one of the reasons why Hive still hasn't gone mainstream, maybe it's not a mainstream place. Maybe it will always be the outsiders social media. I don't know. It would be nice to be able to afford a home, but it's also nice to have a home here...
The real question here is: At what value for 1 Hive will you get some money back to your bank account? For me, $3 is a good number to get at least some small amount monthly.
3 dollars is a 10x gain - that wouldn't be too bad eh?
Yeah, I kept buying in 2023.
I left a comment there. Not sure why. I dislike how we've created and continue to create and plan to create more products meant for regular people, refuse to sell the things to regular people, forever focusing on what crypto is doing. Waiting for frickin alt season pump and dump instead of gathering interest and selling year round, regardless of what crypto is up to, to people who don't give a fuck about that stuff and instead came here to put their money into some form of entertainment (as example).
Gaming is worth billions. Creator economy by 2027 is worth something like 460 billion annually and a growing chunk of that is coming straight out of consumer pockets. Entertainment in general, billions. Music, billions. Information, billions. All ignored in favor of staring at charts and making predictions hoping for number to go up, knowing full well it's going back down. Then do it all over again, the exact same way.
chuckles
This is why I'm here for a few weeks then leave for a few months. It's so hard to watch... lol
I was talking about the value of gaming in the US alone - then the value of adult content globally - it is a crazy amount and for the most part, people don't get anything out of it, except maybe a load of wank.
The thing is that, people are willing to put into that content, but they aren't willing here, and I think it comes down to expectation. Because they expect to get something out here, they aren't willing to put in.
I think the mindset of people has been too tainted with the social media bullshit of getting expensive houses, lambos and other useless shit. The average person isn’t looking to build, they are looking for the lottery ticket and unfortunately they are constantly left holding the bag for someone else’s good fortune of getting in before them.
I am saving up about 75 hive a month right now for the proverbial “top” and didn’t think about selling a chunk each way but I like that and will be using that for sure. All that I do for movements though I plan on putting right back in later, when the bottom comes back around. I’m going to buy HBD with the Hive and sock it away in savings or leave some of it liquid on an alternate account so I’m not tempted to turn it back lol. Either way - it would be cool to take 1,000 hive at 10$ and do something useful with it but at the same time - I am going long term with this. It may not work out and it would be an expensive lesson in bag holding but I think this place is far more unique than other places. We can certainly be a little bit of an island destination instead of a massive country like China. Hawaii is doing pretty well compared to China I would like to think metaphorically!
And, they aren't even willing to buy a lottery ticket. They want a Lambo given to them.
Yes. That is the way I think. Take some profits, use a bit, roll the rest back in when the time is right.
Regardless of price, I have had and plan on having fun here in the future too :)
Want an expensive lesson in bag holding? I've commented this in Acid's original post and this one: Years ago I saw my account value at around 50K, and didn't sell. Even if Hive hit $10 it would be damn hard for me to sell. I've maintained that I would simply power down 75% of my holdings and drop it into HBD savings for the APR. This place has something special to it for sure, that's the reason why the people here are still here. I like the metaphor about being an island destination and not a massive country. Maybe that's what Hive really is, maybe that's what it needs to be, maybe that's it's strength.
I think it's it's strength for sure to be an island! Hundreds of millions of people are using Fakebook and the platform is largely shit! Lol I would rather 100k people on hive and it be a little diamond in the rough.
I'd be moving a bit here and there on the way up into HBD. Then ready to move it back when things bottom out.
Wouldn't be a bad idea to have more in HBD - though I am always aware that the witnesses control the return.
They do, but even at 10% I was starting to move funds into there because it still beats most everything in the traditional world. Then when they bumped it up to 20% it was all icing on the cake. I'd keep it in HBD even if the interest rate was 7%.
It is very tempting and who knows what we will all end up doing. I know people say they will sell and buy back in lower, but how many actually do. I know my goal is to get to 500K HP in the future and selling and buying back would have to be the way forward. I think it all depends on how all the other crypto investments are doing because if Hive hit $10 then I presume they would have done just as well.
Whale status would be awesome, but I don't see it happening for me without trading for it. At the rate it is going, it will be another 20 years!
At $10 I would be selling some HIVE for HBD or converting to HBD. I likely wouldn't take the earnings off the platform except for earned interest. My gains would be locked up in Savings.
I would not cash out to HBD completely. You have a good laddering idea. I may do the same.
Would be nice to have 100K in HBD, earning 20K more a year.
Haha I read the post as well! To be honest.. Given that the price movement is likely a gradual climb, I am not sure how much Hive I would have left when it reaches 10 USD. But the long unstaking period will definitely help! Lol!
On a related note, I have been pondering about my divestment strategy for BTC since it seems that a crash is almost certain if we based it on past cycles. Different divestment strategies have their own pros and cons, so it's still something I am thinking hard about. I guess there's still time.
I think the last 10x took a couple weeks to hit the peak, if that - it can happen fast!
Divest? What does that mean?? :D
Hehe that's true!
Taking partial profits! Hahaha! Maybe treat myself to a vacation or something lol!
In 2020, I did not dream of Ethereum above $800, but Ethereum then grew to $4000. It happens. Unfortunately, HIVE is far from Ethereum in terms of user base.
Do you use anything on Ethereum, other than for trading?
Uniswap, OpenSea. But this is also trade. I think the Hive ecosystem has one right path - games and decentralized exchanges like Hive-Engine.
I guess we'll find out this coming bull. In the last one, Hive almost reached 3 dollars. With crypto slowly getting mainstream attention, hopefully it gets higher and we get mass adoption.
It went to almost 3.50 :)
Mass adoption will take people willing to actually put value in - what will that take to do?
I think it will take increased rewards, and for big communities to also use Hive. We need people to use it instead of FB or other social media.
At that point I would also take some profits. Not sure how much.
I will be gone for a few days(I will only have a few posts scheduled) because my computer needs to be repaired. I hope that during that time Hive will reach that milestone.
Can you imagine if in a few days it went 30x? :D
Good luck with the repairs.
thank you. The warranty is still valid. So that is good. I just hope that they will fix it in a few days...
The dreams will always be there but I do think that there isn't much demand for people to buy hive right now. In any case, I think it tends to be more about RCs if people need Hive and we don't have an influx of users. I'll just sit by and see how things happen over time, and I don't think we will reach $10 anytime soon.
RCs are just sitting around now - Need about 10 million people to start putting a drag on them perhaps.
Dreams have no cost;)
And no one can stop us with our imagination power 😉💪
Maybe dreams do cost. Perhaps if we dreamt less, we would spend more time doing things.
Absolutely right, but in my opinion we should consider our goals as dream and work hard to get them 💕
What you say ?
I am not being pessimistic but if Hive gets to $10, that will happen in a long time but I can still say that predicting Hive getting to $3 is still a good option but I just want a pump now even though it is a little one
An investor is open minded and optimistic. Even as he considers the shortcomings, he doesn't right out the possibilities of success and positive outcomes.