The sign of a bull market?

in LeoFinance2 months ago (edited)

What is the sign of a bull market?
"When the bullshit returns to post on Hive."

As some of you might have noticed, there are quite a few "returnees" to Hive, people who have gone dormant for whatever reason, but seem to arrive back just in time to reengage their autovoters. The problem is of course and something that @revisesociology posted about in regards to the best time to earn (which is a pet topic of mine), if a person likes higher valued Hive, the best time to collect it from posting is when prices are down, as there is less competition and voters adjust their voting weights up to add more value - since this is stake-based voting, voting weight matters.

I would like to thank all of the people who have been active over the last however long, especially those who have been powering up along the way and spreading the weight of their increasing stake to others who are looking to sink their HIVE into Hive.

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I would like to call out some of the supporters of Steem, especially those who are cross-posting their content there and selling their HIVE and using it to buy STEEM with to power up on that platform. In my opinion, I don't think the Hive community should be supporting the people who are using their earnings here to buy Steem. When some of these people are top earners on Hive (and top earners on other valued Hive communities) I would like to name names, but I won't - it is all available to see if you want to have a look and compare across the platforms.

But, despite the negative tone of the last paragraph, I really am thankful to those who have been supporting the Hive network and its continued growth and I think that we are gearing up for a big year or two ahead. I am always excited to see people who have grown significantly in the bear markets to start to feel the weight of their influence grow. It feels good to have activity justified in some way and like it or not, a lot of this is tied to the value of the token.

In the last 12 hours I made about 18,000 dollars.
Technically.

The price of a token doesn't matter unless selling, or buying - and I have been buying where I can for a while. Wil it ever be able to buy 10 cent HIVE again? It is hard to say, but I think it might be difficult for the price to push down that low if Bitcoin keeps progressing, not impossible, just hard. I think there are quite a few people who bought at higher than 12 or 13 cents now and they will not want to sell below, so perhaps there is a new floor forming.

18,000 dollars is a lot of money for me. A lot. But, it is not life-changing, which means that it is not a sell point, so the price doesn't matter. But beyond that, I don't ever really want to sell my stake at all, though I do understand that I should sell something at some point, as it is beneficial to have stake spread. But for me, I believe that when people have to pay for something in some way, they will value it more and they more they pay, the less likely they will throw it away.

You might even have clothes that demonstrate this, where for example you paid a lot for a pair of shoes and even though they are wornout and out of style, they are still sitting there in the garage because you value them at the price bought, not their value now. The metaphor ends here though, as I believe that the future value of Hive is nothing like an old pair of shoes, it will keep advancing as it becomes more usable, not less.

The future of Hive and the tokenized economy in general is going to be heavily dependent on usecase, not hype. Sure, there will be hype surrounding new projects in the same way that an app on web 2.0 tries to get users now, but if they do not deliver a compelling argument to use, buy and hold, they will fail. Again in my opinion, Hive does deliver reasons for these things - but we are also at a stage where many people are only interested in their personal wealth, not the value of building a strong community. This is why there are the people supporting the Steem platform, that once taken over, became a platform proven to be build solely on greed and individual maximization.

The promise of crypto is largely down to be able to reward value-adding activities and in time, this has to be the way it heads if we want a world of increased opportunities for more of us. The future distribution of value has to be one that builds community alongside the individual, not one where the individual builds despite the failings of the community. The latter is what the economy is now, a place where a person or corporation is celebrated for being worth ludicrous amounts, despite many more being harmed in order for them to accomplish the feat. The value keeps trickling up, not down, because people are working for the vision of others a t a lower value than their own activities are worth.

The sum of the activities are more valuable than that of the individual, but the difference is the profit spread between the pointy end at the top - not through to all individual participants. I am hoping that this gap can be closed by building strong and valuable communities that are owned by the community itself, so that the value generated is spread more widely through the community and in so doing, there is more opportunity for participants to build a niche for themselves, to expand the entire community in multiple directions simultaneously and in so doing, add more usecase, more reasons for participants to participate well.

All of this is a process though and a lot of it comes with being able to unlearn and reformulate the way in which we organize ourselves. Since we are coming from a place of scarcity and greed, it is to be expected that scarcity mindset and greed will present in behaviors of individuals and slow the entire process down. Hopefully though for the Hive community, we will quickly adjust our support to reward those who add value to themselves and the community, not extract value for themselves.

It is a journey and regardless of the level of personal stake, the decisions each of us make as participants matters to where we are going to take the value and the values of Hive.

Taraz
[ Gen1: Hive ]

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I like to give people the benefit of the doubt. Higher Hive price also means more readers, so if an author's looking for engagement on their posts, its hard to get motivated when the place is a ghost town. What they do with their earnings is of far more interest.

I was having a look at what some "do" with it - and it is pretty shameful. The top 3 paid in the gems community continuously cash out everything above the 1500 they hold and don't even bother voting on anything - going for a long time and are yet to earn any curation.

The one who is earning a heap here and on LEO, cashing out and whaling up on Steem is a real beauty.

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The top 3 paid in the gems community continuously cash out everything above the 1500 they hold and don't even bother voting on anything

good for them. :)

Meh, it is lame as fuck when people use alts like this.

It would be nice to see those cross posters to steem earning less on here

abh's comments give away the two highest earners, as you say it's just a matter of digging and not voting for them if you don't want to support them.

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The cross-posting is annoying AF.

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at times I consider cross-posting and turning earned steem into hive. but I think that jumping between two platforms would be too annoying for my taste...

i can understand some people doing it - but not high earners, especially when it is copy-paste BS

It is fascinating to see how little people understand this place and the best time to grow and earn when the price is down. Over the last 2 years many have taken advantage of this and have grown substantially to the point that they even have value at a 15 c Hive. I suppose it means different things to different people and it could be down to a lack of education where the point is missed.

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I suppose it means different things to different people and it could be down to a lack of education where the point is missed.

Yep and it isn't just the value of the token itself - there is value in building the network and community that many people are missing. The world is a mess largely because of a lack of economic connection to community benefit.

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I repost my old content on steem occasionally but I have never exchanged my hive for steem, never! If posting steem can earn me some coins and reducing my selling pressure on hive then I will take that because hive is more precious to me. While I find ways to reduces my dependence on my hive earnings, I will continue to explore other options

Hive is not like other coins. Many do not understand this but as the crypto market begins to mature we will see the growth of hive. A little patience and consistency, that's all that is needed.

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If posting steem can earn me some coins and reducing my selling pressure on hive then I will take that because hive is more precious to me.

Yep, I understand this. But I don't think everyone is in your position.

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Yeah, I noticed that even if the price went down it didn't go so much. I'm amazed that it remains in 10 PHP in our country or I don't know in dollars? But I must say it's going well.

It is doing okay, but the upside potential is massive on it.

Thankfully we are used to working in tough conditions and you are correct in saying that a person can grow even if the price is down.

We have seen growth for sure not as much as we would have wanted, but nevertheless the growth took place and we will simply continue whether up or down.

I think that if a decent price settles in, you will see that the growth has been valuable. Might take some time, but everything of value does, doesn't it?

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There's the ancient saying; "Ye shall get back what ye put in" and I am sure that you and I ascribe to that Taraz.
And then there's also the other one; "Time will tell", so yeah, I feel that we are on the right track.

But there's also another one; "You make your plans and then life happens" So one has to be always on guard against the unexpected.

You make it tough not to respond. I develop so many one-liners reading your content I keep the majority of'em to myself but I don't think I could've topped your opening quote! That's funny.

Ps - My pleasure! I vanish sometimes but I'm not goin anywhere. And thanks right back to you for sticking it out even longer than me.

People take me so seriously here - except those who know me :)

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and selling their HIVE and using it to buy STEEM with to power up on that platform.

I wish I had editing skills( or was not too lazy) to make this meme:
brain: what is crypto?
other brain: I will sell my hive and power up steem
My weirdo brain: What I still have some steem? Nice. I will change it to hive just in time for power up day...

or was not too lazy

that is still too much work.

By the way do you think that wls have any potential for the future? some time ago I logged in after +- year(?) of absence. I thought that whaleshares was dead- most of the people I follow have not been active in ages...but they did not power down their wls...I am tempted to power down and turn those wls into hive. I don't think that I am a good juggler and and being active on both platforms would be pain in the ass. but maybe I am just not informed and 1 wls is also supposed to be worth 80(?) eur in the future?😜

I thought it died two years ago. Do Wls have any value at all?

I just checked in hive engine. Highest Bid: 0,00367001. I have 12000(?) wls power so if I could sell it now I would get 44,04012 hive. Not too bad. But even if I will start a power down I will most likely forget about it for at least few more years😜

Well, I am still keeping my "Do Not Do What I Do" string pretty well alive. Sort of :) My last little buy was a catastrophe of two wrong choices. Ah well.

I am trying to ladder some into Hive every month. I actually have some liquid waiting for Monday PUD. At some point while I was sleeping I went past 2x for a little bit. That my Hive was worth 2x the USD I have put in.

Not bad considering my first buy on Jan. 18 2018 managed to hit the ATH for Steem.

Like you I don't think the price of the token has anything particularly to do with the value of the community and the POSSIBILITY of the place.

I read your post and then went to see what the price was. I hadn't checked prior because I'm not at buying any. And I've never sold...

The price has changed in the last hour and I am looking to grab a little on a trade swing, but I am not playing with much.

The 2x will be 3x and 5x in short order :)

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I saw 3x. WooooHoooo. What I really like is that the trend line is headed up. As an old fat guy I really like the tortoise part of the 'hare and tortoise' tale :)

... those who are cross-posting their content there and selling their HIVE and using it to buy STEEM with to power up on that platform.

doe! stay informed.

🤠

The clues are there!

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4 year anniversary coming up soon.. ahh yeah ..return of the shit posts, definitely a sign of the times. We shall see who's still creating content in a year from now when no one is talking about crypto.

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It is going to be interesting to see how things develop over the next 24 months - a lot is going to change here and everywhere else.

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In what sense? You thinking in terms of user growth,.. it's possible there a more engaged crowd going forward, especially with LeoFinance moving into DeFi.. Maybe the low points wont be so low this time around.

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Maybe the low points wont be so low this time around.

I am hoping that this will be the case for all crypto that has a purpose and is getting used. Maybe this will be the time it drains out of the useless and into the usable.

User growth is one area - as well as a few more applications I hope.

I hear ya there, and I guess with it somewhat of a shift away from valuation based on speculation and towards utility, and fundamentals, and all that good stuff.

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would be nice for sure-

Almost at 10,000 hive, just hit 2000 leo and investing more. My only regret is not buying more when it was 15c ah well. Who knows, might drop that low again. Hope not.

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It might drop to 15 - but it may take a while to get there.

I think everyone always regrets not buying a little bit more on the climb, and then buying too much on the fall :D

Story of my life :(

Although I still suck at upvoting, I upvote everyone at high amounts and burn through it.
I was aiming for Orca by the end of the year but it's probably not going to happen now.

I also time my upvotes wrong and never get a return.... 🤣🤣

Have fun at least? 🤷‍♂️

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are you part of the Engagement league? @abh12345 runs it on sundays and if you are not, you can ask to be added. It is an easy way to see how things are going

Yeah I usually do pretty well on it, although this week I will most likely drop a fair bit haven't been as active. My thumbs got sore from the previous week and began clamping up.

Getting > wiser

!ENGAGE 50

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

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