I like how you laid this out because I've never thought deeply into the scenario. What I like is that I can earn something without learning to trade and ideally Hive could be a fun place to hang out. I would be upset if I sold and it went up to stay. The same with steem. I don't participate in steemit anymore but i have 8000 steem. I should have put it into eth of course but didn't. I just hang on waiting for a pump. Even a slight pump I'd sell lol.
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I buy hive because it allows me to influence the ecosystem and I want to support good people and good projects. It’s good for the ecosystem and it helps me find more support for my work. Lots of reasons to own hive 😀
I dumped all my Steem, even though in hindsight, I could have raped it like slowwalker is with his several alts :D
Will be interesting to see what this place would be with a base of 2 dollars. I don't think that sell pressure from rewards is the biggest issues still, considering even now, most of the tokens out there are from the early miners, with only about 30% coming from rewards directly.