I guess that you will be disapointed with that invest of BTC to STEEM as you've lost (by now) the most of that capitals value but the fact that you're here posting in LEO will give you some expectations of benefits. Even if Hive keeps being dumped, your LEO will rise probably very soon and is also very probable than most of your LEO was obtained with STEEM/HIVE.
My intention with this answer it isn't to reprenish you for the rant though, I understand that this situation with Hive's price is very discouraging for all the people who invested here, I'm only trying to give you some perspective of possible success with that invest that you may be overlooking.
Cheers.
Posted Using LeoFinance Beta
Rant? I see my posts on this topic over the years more as analysis of the data, with a personal anecdote added to provide flavour and perspective to the facts. Perhaps you would understand my position better if you knew that I'm not an investor, in fact for the most part I don't like investing or people who invest. I'm a monetary theorist, and also somebody who believes in savings (a store of value) like gold/silver. I've also got some of my meager savings in crypto, but as I've explained, that was mostly lost through my participation in the Steem/Hive blockchain.
I'm not trying to make profits, though. I'm trying to preserve my purchasing power. If what I'm holding appreciates in relation to other currencies, fine, but that's not my main goal. But am I retaining purchasing power? Despite adding value through my content full-time, where 3 years ago I had enough to buy a used car full of food and equipment, now I have enough to buy a bicycle and backback. 3 years ago I had enough to buy a few ounces of gold, now I've got enough to buy a half ounce. No, I haven't preserved my savings. I had it in the wrong currency.
As for LEO I don't own any, so have not participated in this recent run-up in price.
More than simple rants, perhaps my posts will help others make informed decisions. For example, maybe people who believe the myth "it has to bottom some time" will read this and come to their senses. Unless someone can provide some evidence for that statement, in my opinion, there is NOTHING stopping the price and/or value of HIVE from dropping by 90%, every year, forever. It can always lose another 90%, and we can always add more decimal places and zeroes. There may actually never be a good time to buy/hold/earn HIVE, and it may be like a hot potato that is forever bleeding away purchasing power. So far we've seen nothing to indicate otherwise.
Trust me, I'd love to be proven wrong. When I transferred in, HIVE was nearing $10, and the common belief was that next bull run would see $100. It has been a nonstop bloodbath ever since. EVERYTHING has done better than HIVE, even completely unknown garbage tokens with no infrastructure or community.
But if $100 ever happens, even if I don't earn another token from today, I've already got 10k which would be $1 million USD. So yes, I'd love for things to turn around at some point, believe me :))
Rant is not the appropiate word, is more a complain in your article, excuse me, I didn't meant that your article wasn't well explained, also your analysis is reasonable given the circumstances. I should revise more my words as English isn't my main language, anyways I do have some reasons to think that you really had bad luck in the time you did your investment, as STEEM was in maximums back then, it's difficult to recover from that.
Respecting to Hive I don't really expect to hit a peak of 100$ 😅, not at least soon but I do have good expectations about this blockchain, you think that can be a permamently devaluated coin but I don't think so, because the lower price hits the bigger opportunity will be for people to build their stake here.
I do really think that if hits 0.06 $ (all time lows) people would invest more here as would be a huge opportunity. In fact I would be selling other assets in order to buy a big chunk if something like that happens.
LEO users also would be very tempted to sell if keeps raising and Hive hits lower values.
so I dont have LEO automatically (Joined Steemit in 2017). I actually need to make a new account and start over? that's pretty sad if true.
I think the economy of Hive/Steem is proven to not work. There is just too little incentive to buy in and too many ways people make money.
Who is even buying all the HBD/SBD ?
Your Leo account is the same account of Hive, I think that some people was airdropped at the launch of the token, I'm not sure what conditions you needed to be airdropped though.
I agree that the economy needs to be reviewed, especially all the related with HBD.
All the rewards are given in HBD and HP, and the DAO is funded with HBD so there is plenty of selling pressure there.