If Hive was easy, there would be no challenge and it would be boring.
True. Just like anything in life. But more specifically, the angry bees think that they're limiting distribution to help the price. Maybe they're right.
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Yes, it depends on the intentions of the people that are being onboarded. Some just want to milk Hive, to earn "free" coins and then dump them on the market. Some people don't care to be part of the community, they don't want to help it grow.
But there is a thin line and we should find ways to recognize who is here for "free" Hive and who is here to invest in Hive. That is also not an easy task.
That's the angry bee perspective, yes. The "milker" narrative is based on fundamental analysis, which is sound. But crypto isn't always affected by fundamental analysis as much as we'd like to pretend it is.
Here's what I mean. There's a great analysis of what makes altcoins a good investment, just looking at the past charts:
(skip to 8:42)
To me, the key difference between the "degens" and "oscillators" they're exploring in that video is marketing. Sure, some of them market and are still "degen" coins. But I still think marketing is often a bigger factor than the fundamentals.
Interesting, I think Hive is on a test to see which one of these two types of coins it is. And it makes sense because marketing (and the strength of all the community) was what brought Hive to be worth almost 1 USD. Thank you for sharing that video.
From a marketing perspective, it is most certainly a degen. When it was on its way to $1 USD, it was benefitting from inadvertent marketing. Once that dried up, it went back down. Clearly, we need marketing.