There's a lot of smoke and mirrors in this space.
Market makers, volume that favors "the house", i.e. exchanges. Wash trading. Fake engagement. Fake web2 attention. Paid shills, paid pump and dumps. Premines, team/founder allocations. Quick rugs, slow rugs, etc.
One could go on forever probably listing things that this technology enables that make it hard to determine how legit a certain project is. This may also be a reason why some who turn out to be legit come out with huge profit margins later because majority didn't make it, or never planned to.
The reason I'm making this post is a bit split.
I noticed Vitalik has been selling off a lot of his Eth recently and even though you can see he's "investing" or "donating" it to some projects in the space that beneift the market as a whole or development, people seem to mostly care that he's selling the Eth because of how that may affect their own holdings.
I think we have some of that here as well.
I'm not saying everyone who sells Hive is doing it for the greater good and I'm neither saying that they shouldn't be allowed to sell for their own pockets, either.
There are however some projects that never really sell for the greater good, or re-invest them in developing the space further.
You can look at Hive from many different angles, I personally choose to do it from an angle where most of the time I deem it to be undervalued.
I know a lot of people who are investing in Hive's future and development heavily and that cost isn't even coming from hive itself.
I'm personally not able to invest more into Hive than what I've been able to as of late, so most of my activities are simply redirecting some of my Hive income into projects on Hive.
Do I wish I had sold more Hive when it was doing better to buy back a lot more hive now? Sure, but hindsight is always 20/20 and through all that time I wouldn't have been able to do what I love, curation. At least not as effectively if I had had to wait 4 years to buy stake back up, even if it'd been a lot more than what I could've earned in the meantime.
The thing I wanted to talk about however is that some projects out there may currently seem like they're down price/value wise, but what matters to me is what they're doing with the funding they have.
Naturally we can discuss the objectivity of what's good funding and what isn't, I know most readers here would disagree that all the money we spent on a rally car may not have been such a good idea.
The important part however is that we are trying. Where as some chains out there may not be.
Short term overshadowing of Hive's price/value is possible by other coins because they may not be spending much to begin with and may not be innovating or trying to build things so most of their inflation and supply may be heavily centralized which makes it a lot easier to move prices past "competitors". What matters however is long term value and health of the ecosystem as well as distribution of the token and decentralization.
I've spent almost a good decade here now trying to distribute hive as far and wide as I can. I understand most of those recipients are gone and may never return while most just can't afford to hold stake, but it's the thought and action that counts compared to some that may have never even attempted to do that, right?
Anyway, I feel like Hive is a bit in a similar position as my game I've been working on Holozing. A lot of things not fully finished but being worked on and when the puzzles finally do fall into place it's going to be exciting to see what comes of it.
Thanks for reading.
I think the biggest upside of Hive is how developer-accessible it is. It's simple to build apps for Hive when other blockchains like Ethereum or Solana require specific languages for smart contracts, fees and a bunch of other barriers that limit adoption because the barrier to entry is so much higher. It's one of the reasons I love being on Hive. I can spin up a new project in a weekend using languages I already know.
But I would say to anyone coming here looking for a quick profit (unless you're one of the lucky people who have rorted, grifted and pillaged the DHF), this isn't a chain where you're going to get rich or even get remotely close to it. The value of Hive for me has always been the platform itself, not the token price. You can build real things here without asking anyone for permission, without paying gas fees and without writing Solidity or Rust.
Where I'd push back a little is on the idea that trying is enough. Trying matters, but results matter more. The rally car is a good example. Intentions were fine, but if we're being honest about where funding goes and whether it produces outcomes, we have to hold ourselves to that standard across the board. Otherwise we're just the crypto version of a company that blows its budget on team building exercises and wonders why revenue is flat.
Hive's best days are ahead of it if the people building here keep shipping things that work. Not promises, not roadmaps, not vibes. Working products that people actually use.
It's during times like these where crypto and HIVE token value is in the toilet and the opportunist scumbags who only care about money will leave because there is none. Which means the bad times are a much needed hard reset, but people here for the community and ecosystem as a whole because they believe in Hive will be fine long-term because profit is a side effect, not the motivation.
It's actually funny Hive is at record lows and I've never been more excited and motivated to be here.
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Yes, maybe only time can truly transform Hive into what it really is. Perhaps resisting the ups and downs of the market and ever-changing trends will become its main attraction in the future. But amid everything we have here, despite the abandonments, if we can even call them that, there is still an engaged community working to help Hive grow, each in their own way. Not everyone knows how to code. Some people create handmade crafts with the Hive symbol, others explain it to small groups, and others create interesting images. In the end, that is the most important thing we have here, at least in my opinion. I see this as great potential, something unique in many ways that many other projects simply do not have. Many live on hype and euphoria, and us? Well, we are here building something bigger than ourselves, each in our own way, even amid uncertainty and the market fluctuations that affect us. And perhaps this is the most important moment so far to truly identify who is really part of the Hive community.
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One of the main issues with built dapps or such, is that there is no central "page" with all of them listed, you gotta rely on ask somewhere to get a link, if others remember that too! So we build and then leave it there hidden...
https://hiveprojects.io/
By the way, @beggars you should put your stuff here ☝️
We need this on the front ends!
Interesting. Yeah, I imagine it should be something relatively easy for any Hive frontend to implement. Somehow, the major Hive frontends really put the blogging part front and center...
It is simple to become absorbed in price changes, but as you mentioned, the true worth is found in innovation and involvement with the community.
Well, I will say, keep on building and making Hive a resourceful center for every other ones out there.
Knowing that whatever people priced today, is what they're going to be paid for in the future!
Every efforts you have put in place building hive to this standard and more, will never go down the drain.
This is thanking you for all the great things you do! Good morning from my side 🌞🌄!.
@acidyo,I love that puzzle analogy for Holozing! Still in those final stages,but I know when it all snaps together, it is going to be a total game-changer.
hive keeps growing with the normal ups and downs of the market
I'm with you in that I wish I had sold any HIVE before so I could buy more now. My problem in the past was that I would always want to power it up, so I never had any liquid to actually do something with it when the time was right.