Someone asked me if the price run in Hive gets me excited. The answer is no it does not. This, to me, is not much of an indication of, well, anything. There are going to be powerful moves in Hive in my opinion, just we aren't there yet.
In this video I discuss what truly does excite me, not only with Hive but the entire industry.
▶️ 3Speak
@taskmaster4450 sincerely I was among those people that got Excited about the recent rise in price of the hive because I felt that the price have dropped for too long.....
And the video is really interesting and you made so much valid points which made me got excited too...more like you have passed the excitement to....
I think it has the potential to get that many users. Right now there is plenty of wish for a decentralized network. The biggest problem is attracting the users which the new microblogging, LeoFi and many other applications will do. I don't particularly care about the amount of new users but more about the number of users we retain. This is what needs to be done in order to promote the block chain. If we retain enough users, maybe we can finally change the first google result from a stock into the actual block chain.
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STOPTo support your work, I also upvoted your post!
Check out the last post from @hivebuzz:
That $0.40 bull run was nothing from today honestly. When you look at the market cap compared to others there's HUGE room for improvement which when we get there is going to make these prices of hive laughable. You could in a way think of it as the price of bitcoin when it was $100 or less.
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Summary:
In this video, the speaker discusses his views on the price of Hive cryptocurrency, emphasizing that he believes in the long-term potential of Hive regardless of its current price. He expresses excitement about the developments and growth in the cryptocurrency industry, citing examples like Uniswap's $100 billion in trade volume, the increasing adoption of decentralized exchanges, and notable institutions and figures getting involved in cryptocurrencies like Bitcoin. The speaker also touches on the concept of NFTs and the value of digital assets. He concludes by highlighting his enthusiasm for projects like Hive, Leo Finance, and 3Speak, envisioning the impact of mass user adoption on these platforms.
Detailed Article:
The video begins with the speaker expressing his indifference towards the current price of Hive, stating that he believes in the long-term potential of the cryptocurrency. He mentions that despite having capital to invest, he is willing to wait for a pullback before purchasing more Hive. The speaker emphasizes his confidence in Hive's future as a robust platform, dismissing short-term fluctuations in price.
Moving on, the speaker delves into the broader cryptocurrency industry, highlighting the significant growth and developments taking place. He mentions Uniswap's impressive $100 billion trade volume and the rapid expansion of the Decentralized Finance (DeFi) sector, with a particular focus on the increasing adoption of blockchain technology by mainstream institutions such as Morgan Stanley, Deutsche Bank, Tesla, and various cities like Miami and New York.
The discussion then shifts to the concept of NFTs, with the speaker referencing specific examples like an NFT from Charlie Lee and Mark Cuban's NFT tied to a tweet which sold for a significant amount. He addresses the skepticism surrounding digital assets but argues that value is subjective and dependent on mutual agreement between parties, drawing parallels between physical and digital assets.
Furthermore, the speaker explores the potential value creation in the cryptocurrency space, likening it to the exponential growth seen in the Internet era. He envisions blockchain and cryptocurrency generating quadrillions of dollars in value, with the emergence of NFTs being an early indicator of this trend.
Towards the end of the video, the speaker expresses his excitement about platforms like Hive, Leo Finance, and 3Speak, underscoring the importance of mass user adoption for these projects to succeed. He believes that achieving hundreds of thousands of active users will drive token prices and the overall success of these platforms.
In conclusion, the speaker stresses the significance of network effects and mass adoption in propelling the cryptocurrency industry forward, emphasizing the potential of projects like Hive to thrive with increased user participation.