It’s been almost a year as active blogger on Hive now, and I’ve come across a few speculators that sell all their Hive immediately, and say that they’re going to buy it back later, when it drops to whatever, like 5 cents. It felt kind of wrong to me reading that, but I couldn’t put the finger on it.
My mentality is that of a holder. I don’t have experience in crypto, only in stocks, and in general I hold positions for a long time after finishing my research on them and buying in. I never got into trading, so this is not about the mechanics and trends and all that, but more about an ethical dilemma and an approach that we all know from childhood:
What if everyone did the same as you?
As to most figures of speech that are overused and become platitudes, there is more to this then just the superficial “Don’t follow the herd” that our parents use to keep us from using the “But XYZ is allowed to!” argument. Because if you really think it to the end, and really answer the question, there is a lot more to it.
There are many outcomes to that questions, scenarios that can indicate whether an act is a good idea – or not. If everyone jumped off a cliff (hanging over a black hole, so you don’t come with that “but the bodies will start forming a hill that will de-cliff the cliff” logic), humanity would cease to exist. Depending on the perspective, that’s a disastrous outcome. That’s how our parents used it.
There's the other side that I encountered studying environmental sciences and the impact of mass production of meat on the planet. What if the whole world went vegetarian or 1-per-week meat eaters? The impact on almost everything would be extremely positive. Less destruction of rain forest and other parts of the environment, less nitrate in drinking water, CH4/CO2 emissions, less spending on the healthcare system, less hunger in the world (if the distribution is solved), less nutrient migration, … The list is long.
Not everybody is going to do it, I know. But this exercise can help categorizing acts as “good” and “bad”. If the outcome is disastrous, it’s a bad act. If it’s beneficial, it’s a good one.
Since Hive represents different things for different people, the answers vary a lot here. For me, it’s the community, the writing, the fun. I do like playing with those numbers, statistics and stuff, but it’s not a monetary issue for me. Hence, my “what if everyone did it?” is more likely to use the perspective of a community.
What if everyone sold their Hive immediately, powering down with the prospect of buying in when it’s lower?
That’s the end of the Hive token. It would never recover, as there would be no buying pressure at all. Nobody would want to buy Hive as it would be in constant free fall and hence worthless. As a community, that kind of behavior is damaging, as it seeks personal gain over the well being of the ecosystem. From an egoistical standpoint, it might be a very smart move to do so (if it plays out), but even if it works out, not everybody will have won, but many will have lost.
What if everyone held their Hive indefinitely?
The price would skyrocket. Remember that this is a theoretical game, so everyone means every single Hive stays in the accounts. There would be no selling pressure, and the bids would go up, making everyone wanting to buy in – which they couldn’t as nobody was selling, they could only join and create high quality content to earn their own Hive, which then they wouldn’t sell, either. Everyone in the community wins, and the community as whole wins.
But that's just me...
Not just, I know many holding on to their Hive, even buying more. Sometimes I hope that the "I'll buy back in later" will never get the chance. That they will miss the boat. As a punishment for their greed - or what I perceive as such. But that's not for me to judge. This whole exercise did help me with one thing, though. As my stake is growing, so does my vote value. And now I know who I won't support with it.
What are your thoughts about this topic? Please feel free to engage in any original way, including dropping links to your posts on similar topics. I'm happy to read (and curate) any quality content that is not created by LLM/AI, as well as read your own experience and point of view, I love to learn!
