Michael Saylor used to say that owning Bitcoin is like owning a piece of property in the early days of Manhatten. He was alluding to the wonderful situation where scarcity of the property purchased years ago would bring in good yields as time passes. The same can happen to hodling bitcoin as it is scarce.
Accumulating Hive could also have similar effects, although Hive is not exactly deflationary.
I tend to see Hive as some kind of a code-complete blockchain ecosystem where things are already set up for success. By success, it is the passive income streams the Hive token can bring in the future that I am referring to.
Take the above as an example. At today's price of about $1.80 per Hive, a 53K HP accords about $5 worth of voting rewards.
Fast forward many years later, if Hive 10X, even if the 53K HP remains unchanged, the voting reward could correspondingly 10X to be worth $50 accordingly.
That would be a lot of power to yield in the Hive ecosystem... that can bring in more passive income in the future!
P/S: This is not financial advice, obviously. Just some speculations that make me happy!
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Hodling as well. I'm not the type of a trader person (at least yet, maybe next cycle), but seeing high inflation rates around the world, hodling crypto is a no-brainer. See you all in few years, I guess we'll thank ourselves :)
Whst is meant by deflationary to you?
Not deflationary: That means the supply of Hive is unlimited.
This is the first time someone has defined deflation this way to me. I suppose this is the same as inflationary? I suppose Inflation then has four definitions. I don't know if everyone agrees with this:
Inflation:
Would you say 4 is a or the definition of inflation?
The comparison is between what is a deflationary token versus an inflationary token.
Since there is a limited supply to bitcoin, it is said to be a deflationary token.
Tokens that have unlimited supply are said to be inflationary tokens.
Maybe this would help explain.