I think people forget that when the Hive price is low, you can literally earn more Hive for your content than when the prices are higher... so these are the times to get down and grind. Also... making crypto for content is still absolutely amazing.
A lot of people who look at other chains and see more upside do tend to forget that those same chains crash so much harder on the downside... or forget that people potentially spend so much on fees on other chains, so the upside isn't quite as obvious.
I still don't truly understand why anyone is buying Hive in any large quantities outside of speculation. I understand that the trading quantities are magnitudes larger than the Hive rewarded each day, I'm just not super sure why that is. Still, good for us overall.
RE: Local Lows for Hive Morale