People are often talking about Hive being undervalued and that we have such a massive potential to see $100 Hive. I would obviously love to see those prices as well, and god knows that a lot of people ignored Bitcoin or that they never had the faith to see BTC reach $10K, $20K etc. Bitcoin is currently sitting at ~$60K so that should have proved a lot of people that cryptocurrency is the real deal.
I don't think that we will ever see Hive at ~$60K per token and I don't really like to "throw around numbers" like that in a guessing game, but I do think that we are undervalued and that Hive (and LEO for that matter) is a bargain for these prices we have today.
That being said, there are certain things we need to do, or things that has to happen before we will see truly green numbers and Hive sitting comfortable at higher prices. Instead of talking about Hive at $100 like many others have done in the past, I will talk about Hive at $10.
This won't be any technical- or blockchain-guru talk, this is simply what I personally believe it would take to push Hive towards new heights, and it actually doesn't involve more than engagement.
I am not talking about the engagement we see on LeoFinance or within a handful of epic-posts on the Hive blockchain. I am talking about real engagement that is worth its weight in gold, and that is far beyond a dozen of comments on a handful of articles.
The path to $100 Hive is one thing and the path to $10 is a different one, a much easier one. What I will talk about is the latter, with focus on something very important: Engagement.
We have a bunch of people out there doing what they can to promote Hive to the masses, I personally rank various articles on LeoFinance on google and others are doing something else. While we are doing many different things, all of us wants the same thing. We want success. We want Hive to succeed.
Honestly speaking, I could talk for hours about certain things I think people are doing wrong, or things that haven't worked at all, but people are still hitting their head in the same wall they've been hitting for years.
While some people never learns, others learn but they are so committed and truly believe in their approach so they never stop. I don't judge them and it's almost impossible to convince them of something else when they've been doing a certain thing for years, so I won't. I rather spend time trying to point out things that works and I explain why it works. That's my attempt of having some sort of impact.
You might have heard "Engagement is key" somewhere before you stumbled upon some of my previous articles. You might have heard that or something similar from other active Lions and/or Hivers...
- But have you actually realized what it means?
A closed library full of books is not usually something that is being "cool" or "fun", but when a library is open and crowded by people it gets interesting for most people. Even for people who never reads books. Okay, that was a lame-ass example with no point whatsoever.
The point was simply that people makes things fun and intriguing. Regardless of the topic or the time, there's always someone in a group of people telling a joke or have something interesting to share with the others. With 0 people there will be 0 jokes.
We have a bunch of talented content creators on Hive and many of them deserves a lot of recognition, rewards and support. There are also content creators out there who doesn't care about a single thing besides money, so they will- and would continue to produce content regardless of the engagement or downvotes. As long as they earned something, they would continue to produce content like machines. They are interested in nothing but money..
However, we also have content creators out there who creates content regardless of the price as long as someone shows their appreciation. We already know that the overall content creation reduces significantly when the price of the tokens decrease, but some authors have been here through thick and thin, and they continue to produce content regularly regardless of the price.
Many of them are being encouraged and motivated by their audience. Through the engagement. The engagement is like fuel for their inner content creation-engine. They need- and want fuel. That's how they survive and how they prove to be long lasting.. That fuel is what takes them those extra miles.
This might sound weird for some, but think of it..
When have you been the most active in terms of content creation?
I bet it was either when the price was really high and you tried to ride on the wave or during a period when you got a bunch of comments on your articles.
That is what drives most people, especially on a social platform. People expect engagement on a social platform. Look at Twitter, Facebook and/or Instagram. You can look at YouTube while you're at it.
Most people quit and give up their dreams of becoming the next "YouTube Celebrity" or "Instagram Star" if people ignore them. 10 views doesn't mean much for a YouTuber. They are going for millions of views. They want life-changing results, because that is basically what they are trying to do. They are trying to change their lives by becoming a famous YouTuber and some of them truly understands the hard work that lies behind these celebrities, but they wouldn't have the courage to stick to it without their loyal fans.
They have different milestones. 1K subcribers. 5K. 10K etc. Identical to what most people on Hive or LeoFinance has in terms of stake, but how many people have we on Hive with 5000 Hive Power?
Most people gave up long before they reached a fraction of their goals. I have seen more than a handful of former co-workers and friends give up and leave this place due to the "lack of rewards".
While most of them were here only for the money, some of them saw rewards differently, just like I do. Rewards are not only $. I see reblogs & upvotes without value as rewards as well, but more importantly, I see meaningful comments as rewards. Engagement is rewarding on LeoFinance and hopefully it will be truly rewarding on Hive shortly as well. We want people to make comments because it stands for a thriving place that is active and healthy. It stands for a place where people are welcome. It stands for a place where everyone and anyone can socialize.
Posts without interaction don’t create engagement. Moreover, likes (upvotes) are a small proof of engagement but it is not constructive or helpful for an article to have only likes. However, comments are important for various reasons. They mean that your audience are taking time to add something of value, create debate or thank you for something that is worth their time. Those things encourage and motivates content creators to put in more effort and strive towards new goals. The content creator grows his audience and the overall outcome is a healthy, active and engaging platform.
It's not only the author that benefits though, those who comments are getting more exposure by making comments as well. This works like a "shortcut" for people to build a larger audience and reap more rewards with time as well. After all, money is the reason for most people to join Hive. They join because they have a superb opportunity to monetize their content and to earn money by sharing content like they've done for decades for free. That is why engagement is vital for our success.
I truly believe that engagement is one of the most crucial things we need to reach new heights, and I am totally sure of the fact that we could reach $10 Hive & LEO if people stepped up their game a notch and tried to contribute a bit in terms of comments. Five comments per day on 5 different articles would be enough to boost the overall engagement by an insane amount. 10 a day from each active user and we're off to a crazy start, and we would reach $2, $3 and $5 Hive within a couple of months, tops.
That's the whole point of my AMA I did. I want to boost the overall engagement and I wanted to take advantage of the amazing level of engagement we see on the daily LEO Talk posts by @leomarkettalk. I want to take some of that engagement and push it elsewhere. That is the reason for my on-going Let's Talk & Win! posts as well. I just give away some free LEO to random people who makes comments.
- More than 100 comments!
Sure, TM is a beast in terms of engagement and he has been paving the way for us a long time in that regard. He is also an awesome curator, content creator and he has a ton of tokens.
It's hard to compete with someone like that, I know, but the point is not to outdo him or try to break his records. The only point is that he had more than 100 comments on 1 post. That's AMAZING!
A fraction of that, say 10% would be enough for everyone to learn new things, be encouraged and rewarded enough to put in more effort... - And that is attractive for outsiders.
That is what new content creators expects, wants and needs to commit themselves. We're off to a very good start, but the more we do, the greater the results. It's that easy.
With engagement comes encouragement. With encouragement comes new results. With those results comes success stories and word of mouth marketing, because people wants to share their stories.
That's how I believe we will reach the masses that is required to put us on a new level..
Posted Using LeoFinance Beta