Not much, just a little - a trickle here and there, in the hope that one day, after the bear, it will amount to something worth far more.
HIVE is currently sitting ever so slightly above the $0.30 mark, which really isn't enough to fill me with confidence that it will stay there, but I do get the feeling that we have turned some kind of corner and in the next month or so, we are going to see some kind of action.
Since it is HPUD:
There are a lot of factors in play, with a large one being how China is going to handle its ridiculous, self-inflicted debt challenges. But one working in support is the shifting of attitude to increasing the interest rates further. They aren't that high now in comparison to where they could be, but with so much money pumped into the economy over the last few years, they needed to claw it back.
The Covid handouts allowed for a huge amount of savings to be added into the bank accounts of average people, but of course, this money is actually theirs to begin with. Well, that is not true, it was future theirs, as it is debt borrowed from the future. For instance in the US, we can see what has been happening with accumulated savings.
A huge amount extra was able to be squirreled into savings, but since the peak around September 2021, it has started to fall away, losing 70% in the last two years and if continuing at the same pace,
If savings continue to be run-down at the same pace, accumulated excess savings will be exhausted by March-2024.
Looking at Australia, it is interesting to note that the slope is about a year behind or so, but in that last column, you can see the savings by age.
Almost half of what has been accumulate in the last few years is held by people over the age of 55, but what is important to note is that they are also far more likely to own their home. However, the 35-54 year group are unlikely to own their house, but are likely to have a mortgage on an overpriced home, which means they are also more likely to have to keep dipping into their savings to make repayments. This is also how they are covering the inflation on goods and services too. And, for those who didn't FOMO into a house, they are contending with increasing rent prices.
But what this means is that rather than sitting in bank accounts, that money is going to find its way into investments soon enough, and with a little more confidence creeping into the economy in terms of inflation rates easing, it seems like it might not be too far away before it pours in again. Of course, this is just me speculating on random things that might not be meaningful at all, but there is a shift of some kind coming and it is more fun to believe it is going to be to the upside, than the down.
I am still hoping there will come a day where HIVE price will be adequate enough for me to live off curation, or a portion of curation in the future, but that isn't very likely, because it would need to be high enough, and stable enough to do so. More likely it will be one of those short periods of spike events and then fall back down to be somewhere around where it is now, awaiting for the next run.
What is interesting to consider is, there has never been as much money in the world as there is today. It is funny to think about, because so many people are struggling, but this is the case. So much money has been printed in the last years, yet it seems that no one has any, so where has it gone? Well, since debt makes the world go round, it has been pushed into paying back debts of some kind or another, with that payment going to pay other debts that have been waiting.
Most governments seem hellbent on taking more money over the coming years, because even though they can't manage the debt burden they have generated for us, they still have to keep us happy. Printing more from our future and handing it out as if they are Santa Claus is a tried and true method of buying votes.
At some point we must realize that they haven't built anything that generates value, right?
Probably not. So, it is up to us as individuals and pockets of people who want a better economy to take ourselves off this ridiculous carousel ride and create something better. Of course, if we are the ones that keep on taking debt burden and then whenever we have a little extra we have to pay an installment, then we are no better than the government, right?
And this is why while money isn't everything, we do have to consider the value of what we are doing and whether it is going to take us to where we want to be. At least for me, if I am not investing into something that generates the chance at a greater value in the future than its value today, I better damn well like what I am buying.
I like HIVE.
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Alpha
I'm not sure I believe the US Govt will be handing out money for votes. They discovered that donations from corporations and interest groups is far more valuable than keeping the general population happy. Trump gave tax cuts to the rich, increased taxes for the working class and still gets millions of votes.
The value that governments build is in infrastructure; businesses can't operate without roads, air traffic controllers, etc etc. The US govt shutdown shows just how much value it provides to the economy. Of course, the people need to keep demanding more from their elected officials, like more affordable housing in Australia.
In answer to your question though... all the money went to the 0.1%. Pandemic times have been massively profitable for billionaires, and the wage gap problem is nearing levels of the French Revolution...
Yeah. Wrong visualization. Paying for so they don't revolt.
Yet, none of the value is theirs to give and as you rightly said, it ends up in that 0.1% pocket.
With the PPP loans and the US Fed buying up assets, absolutely, a ton of money ended up in the 0.1% pocket... but in terms of value that the US Government provides, I was thinking of things like Air Traffic Controllers. They are a federal unit who communicates with all the private airlines and coordinates the various flight paths, etc. Without Air Traffic Controllers funded by the Federal Government, private company planes would probably crash into each other all the time. Same with GPS, the US Government provides that to the world for free... that's tremendous value.
I don't think anyone with a minimum of financial knowledge trusts any politician at all. Best case is they only play the votes game, worst case, they have no idea at all how to manage the economy and just take care of their salary.
I hope the mixt of crypto savings and income get as many people as possible out of the system to be independent.
I love to see how the little comunity of Sucre in Venezuela is using Hive and HBD as a real economy.
I always find it interesting that people don't trust politicians, yet still think it is necessary to vote for another one. There are other options of course, but no one really wants to willingly go down that road.
Completely agree. In the last elections in Spain I decided not to vote. Most ppl around me who also don't trust politicians told me "you always have to vote" to express your choice, as if voting no party was not a choice.
Sad how we forget to think like this and join the band wagon, for status leaving us in a circle created by fellow men who are just like that but think it’s their responsibility to drive people and there earnings into situations that make it hard for them to archive their own dream and left to nothing but a cash cow for the governments of the day.
We keep thinking that one day the government will be better - but it won't. The design isn't made for wellbeing of the masses.
Very true. A system meant to enrich a few, reward the already wealthy and take away from those just getting buy only to leave the countries in debt for those who have no choice to pay back through every taxes. A perfect picture of crubs in a bucket.
That's the key isn't it? We might see some high numbers, but it is always going to fall back down to where we are now. Maybe a little higher, but if we can't sustain, that is going to be bad. I would have been cool if it had held at $1 after going to $3, but clearly that didn't happen.
Sustaining is going to be hard, as it will require a lot of people holding and, at least some buying. The higher it is, the more people will sell.
For sure. People always chase the quick win without looking at the bigger picture.
I think so too. We will likely be in the $0.15-$3 range for a long time. And you need to be able to take advantage of this.
If there is a big bull, it will go past 3 I believe, though it will be very short lived. Then, decline back to 30-40c
Eh, that would be so nice 😇
Ever worked out how much it would need to be for you?
Of course, I'm the co-ordinator of the Saturday Savers Club 😁
I thought the outcome of the writers strike was interesting.
:D
Hive price is below $0.40 and more than years time passed then, that is making Hive users to move away, the engagements are falling for this reason for sure.
You are quite right I think, as because curation stream is directly influenced by the coin price and if the bear market retains for a longer time- that doesnt sound good for most part.
But the overall economic conditions are changing and despite economic downturns, world is heading towards more capital coagulation and it is increasing. Hope with debts and loans repayment, people find balance in life and regain happiness.
If people are only here when the price is high, I don't mind them leaving :)
I like HIVE too! Also SPS, BTC, ETH, ADA, and MATIC. I definitely trust the blockchains with my money more than these bankrupt governments!
SPS is looking a little funky at the moment!
Yeah for sure, things got a little shaky with the last company reorg, but it is clear that invennium and GLG has to be its own project so people can give it the attention it deserves. I wish I had been selling off the GLX as I had been receiving it, instead of restaking it until the end of the reward period.
In Matt I Trust. I think we are going in the right direction, even if we don't see the results immediately. I've been with magic 30 years, we are still early for Splinterlands imo.
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I am not sure about living off, but I believe that HIVE will be able to finance some of our needs, such as travelling to HIVE fest :)
I identify with liking the hive. Here I have found a home, friends and a job that brings me satisfaction and personal fulfilment. Money is important, but it is not the only important thing.
It sucks but a lot of people's habits changed and the supply chain issues caused everything to get messed up. Prices have changed and I don't think the huge government money helped either. At this point, people have used up most of their savings and a lot fo them going into debt like credit card.
As for Hive, I am optimistic that it will get to a point where I can live off of Hive but I don't really know when that will ever happen.
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I feel once HIVE stabilizes on the price between the 1 dollar to 1.5 dollars. That would be somewhat possible. Though it's not easy breaking the 0.75 for HIVE as of now. The way things are going and also there does not seem to be any strong ways crypto can have big boost before christams. Let's see how year end works out.
There is one question that I have always had in mind. It may sound stupi, lol
Since money is being printed, why can't they print money for everyone so that we'd have money
I think there are few factors that caused these. The big one is inflation. Sure there are a lot of money going around [because they continue to get printed, especially during the pandemic], but their value has continued to decrease as well. The other thing is that the rich just got a whole lot richer after the pandemic.
I know the question was rhetorical, but I am curious on what are your other thoughts on where the money has gone haha.