A better question according to me will be hive to .75$ . I don't see it going above that right now.
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A better question according to me will be hive to .75$ . I don't see it going above that right now.
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Why do you think so?
I think the biggest issue I see for HIVE pumping is HBD being something dragging it down. The amount of HP people get from others votes will stay the same but HBD will essentially be created at a higher rate due to the pump right? So in this type of way, I think HBD will act a natural peg dragging down the price of HIVE.
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Well I don't think I totally got what you said.
Previously we got paid in Hive instead of HBD . At that time too hive price was down.
You get paid in HBD equivalent to HP ..that means what HP is worth for the post - you get same amount of HBD ( in USD ) .
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What I have noticed is that as the price of HIVE goes up, our voting value goes up. This means that the amount of HP someone gets is set in stone from rewards. Assuming they are using the default like me as 50% HP/HBD. Then the only thing that fluctuates is the HBD amount. When the price of HIVE goes up for a period of time, eventually the HBD corrects itself and you get more HBD.
So in this term of view, as the price of HIVE goes up, the amount of HBD being generated to users will also go up.
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Yes you are 100% right but my point is HBD doesn't bring down the value of Hive instead in a way it increases it .
As you mentioned there will be more HBD generated when Hive goes up but all of the users want their HBD be converted into Hive because of the price so there is buying pressure for Hive as there is demand , don't you think?
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I think it depends. But you are right about it not having too much of an effect on prices. I think it ultimately depends on whether or not people want enough HIVE. I think those crypto market people who only do trading love the differences in prices. Since they can just swap money in and out to grab it and sell directly on the market.
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Yeah that's true . We often talk about lack of liquid Hive to invest in projects but those projects give us back Hive itself , what are we going to do with that Hive ultimately is the question that needs to be answered .
Are we able to spend Hive other than buying tokens within Hive ecosystem ?
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