Interesting analysis here Taskmaster. I sure know my Hive count has been increasing over time, and I've been converting all my HBD's to Hive with each drop in Hive price. I will be powering up in bits but at the moment I'm trying to catch high waves since I've been accumulating at $0.22 levels.
When bitcoin dumps it seems to affect most coins including Hive, but when it goes up, it hardly affects Hive. This is not the decoupling I was looking towards to lol...
There certainly are some people who are trading and growing their accounts too. Nothing wrong with that. Plus a lot are making some money off the layer 2 apps which is filling their bags albeit not in HIVE. This is great too.
Overall, the wealth is growing with people finding different niches they like and are drawn to.
However, we must not overlook the importance of HP and using it for governance.
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Well said, thats definitely on my mind as well.