I remember 1000 starbits gave me 0.3 hive. In good old times... Now the same amount gives me 0.05 hive. So starbits lost 85% of value. In other words....all the money players had put in the game before... is lost. This 4% does not change anything.
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Currencies can keep their price stable if buy vs sell market is stable. If most people are selling starbits, you will not see its price anywhere near 0.3 hive. What would change that? Well, starbits would have to have an option, that would at least give its owners a thought if it's really profitable to sell it or maybe use it for other purpose, which would give them bigger profit long term. Otherwise, starbits will just go down
That's exactly why STARPRO and Music Promoter exist.
I think problem is still there, because starbits is inflationary. To fight against that, you would have to pay in lets say....2 or three different currencies, not only starbits. So, let's say I play Local Mini Tour -instead I am paid 2000 starbits, I would be paid 1000 in starbits and the rest would be calculated into...let's say hbd or something stable. Just an idea.
The problem is as we always want it to be a free to play game we do not have the stable currency to pay out.
STARPRO is limited to just 100 a day (maximum but often less with the latest update) and as we add more features that require it so more STARBITS have to be burned to get the same amount of STARPRO. We have already seen this happen but we still need to keep adding more features that increase the demand for STARPRO so it happens even more.
I remember when BITCOIN was $65k and now it is $21k. Bear markets can be brutal as no one has any money to spend.
The best thing to do in a bear market is build new features and that is exactly what we are doing.
Rising Star will be around for many years to come and if you enjoy playing it then please continue to do so.
That money's not lost. It only seems that way if you are selling your earned STARBITS everyday instead of saving them for better opportunities. The price of STARBITS could go back up, and you could wait until then to sell. The problem is impatience.
You said that correctly: price COULD go back up. Now read again and don't play smarta**.
I am 99% sure it will. If you're so unsure, then, it sounds like you have very little faith in this game.
The future of the game rests in STARPRO, so that's what I get with all of my STARBITS. I am HODLing for the future. It's hard to have sympathy for people who are doing otherwise. Nobody is forcing you to keep selling STARBITS during the bear market, unless you seriously have rent or other bills to pay ASAP.
I think faith can only save the starbits. So I don't say it is not possible. For other thoughts of mine, read my chat with admin