So, the latest hardfork of Hive is behind us. Development on the blockchain is progressing, more dApps are being added (still no perfect mass audience app, but ...) and the price of Hive against BTC continues to drop.
I don't like comparing Hive to dollars. The entire reason that BTC exists is to be the currency of the internet, so why compare Hive, Steem, etc to USD, when that is the currency of the past. Anyway ...
Its been a long time since I logged into my bittrex account. I have been stacking my Sats, Hive, etc. I'm holding until I absolutely must liquidate.
When I log in I see that HIVE is back to the value where it dropped to after the post fork selloff.
Guys, this isn't great. If it drops below 1200 SATS that is when I think it dies. There is no way that we can sustain a network that needs great content to survive if there is no value to maintain the network, rewards for authors and creators.
Steem, which I don't think has had a major update or change since they stole all that STEEM a while back, is fairing better. This makes no sense to me, but markets aren't supposed to make sense, they just are.
Steem is trading 5.7% higher than HIVE without the dApps, community or development.
I'm not saying I regret selling my STEEM because as you can see in both screenshots I made all the profit I needed selling off the HIVE and STEEM I built up last year.
What are your thoughts?
Are you building up your stake in Hive Power, etc? Or are you cashing out as soon as you make it?
I'm sticking to my plan and building up my Hive SBI and HivePower, but I'm not nearly as excited about it.
NL
