We all have big hopes on Hive. Earlier I remember that the price of Hive used to have some decent fluctuations where the price would go down and up multiple times so that it was good for both traders and investors. But it has been a very long time since the price reached a high value. I bought some Hive when the price was around 90 cents and still waiting for the price to go back there so that I can at least get my investment back even though I cannot imagine for getting any returns. Back then the market was very good and the price of Hive stayed above 1 dollars for a very long time.
I with those days are back because this bear trend is been there for a very long time. It is not like I have lost hope on Hive but the fact is that I have exhausted my reserves already and have been buying a lot of Hive already expecting the price to go up. The bear trend is been there for a very long time and no good news yet. I understand that there are many people waiting like us to book profits if the price of Hive goes up. But I at least wish the price goes up and down at times. Stable market in 20 cents is not a great thing in my opinion.
Missing the Korean pumps
There used to be unusal trading happening in Korean exchanges where the price would go up and down because of that. It has been a while since we saw that too. I remember that there used to be a trend once where someone was pumping the market once a week. Today even that is not happening. I would be happy to see the market value go up at least once a month so that we can do some trading and be happy about it.
I'm not sure if this is the case for other similar cryptocurrencies or is just only for Hive. I notice that some other Graphene based blockchains are also seeing the same struggle. Hope some day the price recovers back and we get the motivation back on Hive.
What brings more motivation?
In my opinion, I think that if we have more active projects and new projects on Hive, the marketing would happen organically and it can bring a lot of new users to Hive. When more new members start exploring this platform, there is also a high chance that they might try and invest on Hive. We need more organic builders on Hive who believe on this platform and continue building here. There should also be some decent support from both inside and outside Hive. We have many bloggers here but in addition to that, this platform should transform into something else too and a safe zone for everyone. Let's see what the future brings for us.
A good buying opportunity
As I always say, it is a good buying opporunity for any long term Hive belivevers. People who are here for a very long time know that there are always ups and downs here and it is good to stick around and enjoy what this platform brings us.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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My opinion is that the price only matters if you're going to sell. If the price is low, it means you get proportionally more for continuing to create content in the lull. If people are driven away, it means more rewards for those who stick around from the pool, and those who are likely to 100% power it up, who in turn use it to influence governance.
It’s a Great time to buy 1 Million Hive.
If I had the capital, I'd put it in HBD savings, and convert the interest recieved each month, would probably end up with more hive long term :)
That’s even better. Can’t beat 15% APR … maybe Surge at 18 % or @upvu with 35%
Unfortunately it does matter. When we likely dip below a dime next crypto bear cycle it will start to reach territory where HBD & stabilization can be concern. I love Hive & our community! I'm strictly being honest & critical about price. We are in a deep bear market, and 34% below our 2022 last bear cycle low, it's very bad for reasons beyond price.. we are doing opposite of much of the space and it does have practical implications for functional stuff down the line.
!PIZZA !BBH !ALIVE
Alts overall this cycle aren't doing much, that's because of the institutional players involved now. Bitcoin is the gold standard, ETH is the oil, and then you have things like Solana and LTC looking at getting ETFs as well. Other than that, I say you can blame all the shenanigans with memecoins and scams that have put a bad taste in people mouth's over the space as a whole. From what I am seeing, it's not just HIVE that is bleeding. Hive's biggest problem, is, and always has been, the sell pressure coming from those at the top. Most DPoS systems are concentrated at the top, and those players are always looking to take profits.
I haven't seen those "Korean" pumps in a long time either. When prices of an asset do not 'number-go-up', then people are not interested. Hive's earn for nothing model and inflation doesn't help either. People can come in, get AI to write some posts, earn some coins, powerdown, and dump without having any real value ever put into the ecosystem. There isn't any value proposition to actually buying HIVE at all other than governance stake, which honestly, nobody cares about governance really, they just want their bags to pump. That's why there aren't that many real world businesses that have made it here other than Splinterlands, and it's not doing very well these days from what I understand.
There has to be a solid value proposition for people to want to invest into the HIVE token enough for the price to move in a significant way, and it's just not there anymore.
I like to think of HIVE as an alternative to NOSTR where you can actually exchange value (on NOSTR you have to KYC to attach a wallet). If VSC allows users to deposit and withdraw any cryptocurrency, maybe HIVE would get some eyes as the decentralized social media protocol.
Throwing thoughts out there.
It's been a hope and a dream for the last 5 years... Still waiting... lol...
people or at least a vast majority of them don't really care about the decentralization aspect.
It's a shame, but more importantly, it's an indication that the incentives of the protocol are misaligned.
You are spot on. It's sad but very true !ALIVE !BBH !PIZZA
I never had to KYC to get on Nostr.
You don't have to KYC to get NOSTR, but if you want to connect a wallet, you get this:
Not sure what screen that is, but there is lots of ways to get on Nostr and use Nostr and there are many ways to create a lightning wallet and KYC generally isn't needed.
This is Primal. It requires KYC to use the built in wallet.
Connecting a wallet to Primal requires using NOSTR WALLET CONNECT (NWC), which I tried to do, but was very difficult so I gave up.
Don't get me wrong, I also use Lightning all the time, mostly with Wallet of Satoshi. There are plenty of businesses that accept Lightning payments where I live.
This isn't required. I opened one last week and did not have to do this...
That said NOSRT is very overrated and its retention rate is even worse then ours here which is saying a lot.
!PIZZA !ALIVE !BBH
This is Primal. As you can see, the Primal client requires KYC to use the built in wallet.
Connecting another Lightning wallet to Primal requires using NOSTR WALLET CONNECT (NWC), which I tried to do, but was very difficult so I gave up.
Which NOSTR client did you use? I might give it a try.
This isn't so, most are 400% plus above 2022 bear low, give us 35% below its 2022 low. It's not alone, But the majority of space is in a bull cycle.
I will say some.. Not most... My point is they aren't going to be running thousands of percent like many have done in past cycles unless you are gambling on complete shitcoins. The market is more mature and liquidity is pooling with the top assets. The proof is in the volume and marketcaps... Most run because algorithms control the markets and try to run with bitcoin unless there is some kind of fundamental play that causes it to crash, or it's a rugpull. But anything on Binance and Coinbase is all controlled by bots at this point, so it's the whole rising tide effect, but that correlations is starting to break.
It’s good long term that we don’t see everything move up , literally 2013/2017/2021.. irs better long term these things gain own movement not just follow Bitcoin. But I must disagree on one thing. It is most, when talking being well above 2022 low, 95% plus are indeed. Hive isn’t alone, sushi swap & REN are down more than Hive from each 2022 bear low just to name a few. But most indeed are higher than said low in 2022. We are in the smaller group that are in bear market while most in bull. !BBH !ALIVE !PIZZA
but our points still remain same, not a big deal where we disagree.
For sure. Well, I will venture to say that 95% of the stuff out there is trash anyway, so I only watch a few things these days, lol. I narrowed my focus on an insane level, and it has paid off in spades, lol. So you might be right on that, haha.
We definitely agree on that!
Even some of the “biggest” are trash indeed. !BBH !ALIVE !PIZZA
!LADY !BBH !ALIVE !PIZZA
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I'm particularly unfazed by the price given that I generally consider my entire hive holding as 'funny internet money' that is there to mess around with.
IF it does pump and become substantial enough to be life changing then that'll certainly change but for not I'm fortunate that it doesn't bother me if it goes down.
So long as HIVE continues to produce blocks I'll continue to use it.
Given that Hive is something that you can earn in various ways (posting, curating, staking, etc.), I don't think a stable value is such a bad thing. Sure $1, $10, or $100 would be better but stable is better than fading to nothing. Volatility might be good for speculators and traders, I don't think it is necessarily a great thing for the health of the blockchain.
Hive has rarely been as high as 90 cents but I think it will get there again eventually.
Well when SURGE sell out, mabe we see a pump in Hive, now there is so many users selling Hive and making power downs for buy SURGE, LEO or LSTR.
Where is the hive going that users are using to buy those other tokens. What is happening to it and where is it going?
I’m still pretty new here, so I don’t have as much experience with Hive’s past. But I can see how the long bear trend can be frustrating. For me it’s still a learning phase, and I just hope Hive keeps growing with more projects and new people joining.
It is truly disappointing, when btc dumps it dumps and when btc pumps it does nothing... It's also true that dfh throws a lot of money away
Totally understand the frustration with the stagnant price. Hopefully, new projects will breathe fresh energy into Hive soon!
The future of Hive is dependent more on utility projects and activities. Beyond just rallying to another $2 dollars or more, this is what will create stability and steady growth.
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This is also what everyone is waiting for, going down so they can buy a lot of hives and hold until it goes up and makes a profit.
If the price of other Cryptocurrencies increase, the price of HIVE does not increase, but if the price of other Cryptocurrencies decrease, HIVE also decreases.
But, I still hope HIVE.
Is bar lagta hai Jaise alt season aaya hi nahin. Kabhe kabhe soch kr chinta ho jate hai ise bare mai soch ke he.
It's not looking good for Hive downvotes are making people power down
My original content is being downvoted and it feels like a racist attack
It's also classed as cyber bullying I hope things change if they don't you can expect the price to drop below $0.10 in the next year or two
Well hive needs more people but lots of people on chain are doing the opposite and driving talent away
I see three main weaknesses right now:
DHF – It’s a good system if used the right way, but at the moment it feels like whales are draining it for their own benefit.
Free transactions – I don’t think transactions should be completely free. RC is fine, but every transaction should also burn a little HIVE to give it real value.
Smart contracts – Whether it’s Hive Engine, VSC, or another sidechain, we need to focus more on EVM supportive smart contracts and move faster on building them.
$WINE
RC costs could be higher, to influence people to stake more hive in order to have more activity available to them.
I don't think RC can help much on this matter. Either we should implement heavy burning mechanism or something that reduce printing more HIVE/HBD.
Anyway I don't think non of these things will implement here. But they might drain HIVE/HBD until this become a sh!t coin.
$WINE
All of these things will require development, and likely hard forks - so it will be interesting to see what the long term strategies are for hive tokenomics, and if the community can conceptualise, design, and agree upon a change.
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Devs and value plan on Hive get paid regardless of what the hive price does. a small group of whales vote them and they just get paid. they take money from everyone else's accounts and get paid regardless of how they perform. That is what hive has become. there is zero accountability and zero limits on spending. enjoy
I must admit, when we artificially pumped in Jan, I powered down approx 75% my stake. It was obvious the DHF among other things was going to have us back in teens even as bitcoin and other crypto's surged. It was obvious and nothing has been done. HBD gets sold and puts pressure on Hive via stabilizer. Wee still be down without DHF issues but by less. It's a mess. !ALIVE !BBH !PIZZA
The daily budget of the stabilizer is there to print hive to put buy orders under all of the selling from DHF and Value plan funded projects and people selling hive.
At the moment we are printing HIVE to fund 14,750 USD per day of spending (most of which has no KPI's or reporting, so we cant even see if it is useful spending). and we print another 12K HBD of HIVE via the stabilizer to support the selling of this spending into the market. So our annual budget is 9.75 million USD and the chains market cap is 90 Mil. Even assuming the stabilizer is profitable, this still puts our annual spend at 5.383 Million USD per year.
This means we are inflating the supply by at least 6% on top of normal inflation (of 6% or so) to keep the budgets of these projects alive, while we demand almost zero accountability in the form of KPIs.
Its safe to say that the Hive price is going much much lower from here
I misspoke on the function but yes exactly! It is indeed! And space overall is in bull run. When Bitcoin enters bear part of cycle in 2026 or 2027, we’ll see .10 cent Hive for almost certain. I love hive and community, but facts are facts! !PIZZA !BBH !ALIVE
We desperately need to put a cap on the outflows from the DHF and have projects funded based on a % of that outflow instead of just unlimited spending without cap or accountability as is currently the case
This! ⬆️
We need more people discussing this!
@thebighigg
This fellow Hive member broke it down exactly right! As per our discord chat I thought u might find interesting.
!LADY !BBH !ALIVE !PIZZA
Well-said!
$WINE
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There are a lot of good things going on here and it is the most fully formed Web3 ecosystem. That being said there isn't enough development and incentive to really build here. People don't hardly submit proposals because they aren't going to get approved. Then you get laughed at essentially by submitting anything.
People expect you to basically pay 3 times at least to MAYBE get funding. Pay with your time, buy tons of HIVE Power likely at a loss, then built a complex app for Free and then MAYBE get funding.
Would anyone pay Microsoft to have a multi year unpaid internship to MAYBE get a fulltime paid offer?
The game theory breaks down pretty fast when we put it that way and the same thing has happened to other chains such as EOS and ICP as well. The sentiment is pretty low on those as well despite having higher marketcaps. A high percentage of people upside down on their investment.
This post is how you make money on hive. By engaging with the community and get votes as rewards.
that reward you are getting is out of inflation and most people sell that inflation which is why the price chart is so rekt
It's rekt for a trader, but like I said hive is for posting engaging and curating not for ridiculous gains. Check out LEO and LSTR if you want gains on this chain
Yes, this seems to be an extended fall. Interestingly, this happens months ago after reading here a very bullish technical analysis.
Excellent.
Its a head scratch-er for sure.
Well at least the price is stable so we can assume the market is working well and 20-25c is the actual value of Hive given by the market. Of course seeing higher price is better for all of us but it is also nice to see the price increase because of growth instead of speculation. It feels like the blockchain is more mature now and it might be the industrialization phase where project can safely build on it since the product as been here for years now and it produce blocks as it should. Still a pretty amazing public database in my opinion.
I try to be optimistic about the future of Hive as I can but without fresh projects and real demand, it’s hard to see momentum building. Hopefully the community finds a way to bring in some growth again, a new ick for me is when o see Hive go below 20 cents 😢
HODL
That's my best move, I can't make any decision besides Hodling what I can
I have studied the market and I will say it is quite generally everywhere. The market is really bleeding currently and hopefully hive price will still do well soon
Hive will be $5 very soon.
Just keep Hodling. We will be back to $3 very soon !
I thought you were a Hive hater, but you seem very optimistic. I like that.
I am not concerned. Why? Because we should have fell apart years ago and we didn’t. This chain is built different. Also .18 is a support level, if we bounce off this we are good.
That being said, I am not sure we will ever get back to $0.90 unless we get another 2-3 Splinterland sized projects that solve problems. Snapie made me excited about hovering again because I think a phone app with short form is going to go a long way, much longer than confusing web apps where you are expected to write 500 words and use some ugly open source photo. I actually love blogging but I hate reading blogs by people who are just farming rewards, and I think short form makes it easier to keep people onboard and get to know each other.
DHF needs to start asking projects to provide a plan for becoming self sustainable within a year, and to make short term smaller asks so we can see progress and decide if we want to keep funding then, the only excetion being vital projects like hive keychain.
The main issue is that there simply isn't enough incentive to buy Hive. Too many people just see it as a platform where you can post and earn cashing out all their earnings as most curation project completely neglect something like the KE Ratio. So obviously the price will keep trending down the way things are right now. In the past there used to the the occasional pumps out of nowhere (which always triggers a sell off event) but those also seem to be a thing of the past.
I think you are right, there is too much cashing out and we have a Value Plan that we spend over a million dollars on per year to get exactly what?
Hive at 90 cent was indeed a thing, if we'll ever get back to that point again is in the hands of the Hive community.
We are in a bear market and 35% below our 2022 bottom of .26 cents, while the crypto space overall though not near 2021 high’s (few exceptions) most are up 500% from 2022 low.
Hive is in a bear market this whole cycle as bitcoin as other top tier crypto’s are in bull run. I called this would be case when we crashed to .14 August 4th 2024, it seemed seemed obvious to me that was sign of Hive among others leaving the bull run top tier of the space. I love our community! I’m just talking price action. It’s very obvious to me we will go way lower when Bitcoin cycle goes bear in 2026 or 2027, like a lot lower and probably a dime.
!PIZZA !ALIVE !BBH
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