I’m making the mistake of just checking the most recent notifications and it’s spiraling out of control. I’m like 200 notifications past some comments I wanted to respond to yesterday 🤣🤣🤣
I think if HIVE was not a cryptocurrency but was battleships and we are all at war, for sure someone should centralize it 🤣
But if 1 person owns a lot of HIVE, it literally makes the currency less valuable. It’s literally more risky because a few person with a big stake selling would have a huge impact.
I think the current situation we are in is more like a collective pickle 🥒 versus us being at war. 😆
Like at this point, if we went down to say 5 cents (not saying we will but just an example),
I could buy twice as much as I did with the same amount of money. If I bought at 10 and it goes down to 5, I would be incentivized to buy it at 5.
Clearly I think it’s worth it at 10 cents, so I would be super stoked to buy it at 5 cents.
So if we go down, whales will want to accumulate more, but if only whales accumulate, that centralizes stake and HIVE less valuable. But also, if HIVE goes too low, HBD starts looking more risky so then people are less likely to stake HBD and stake HIVE instead.
So it’s like, low HIVE price feels like a lose lose even if buying hive should feel like a win.
Not a lot of good options right now. 😄
RE: Are HIVE Whales a Cabal?