As I drop in from time to time to see how Hive just keeps performing shittily while many other inferior projects go to the moon, I find myself trying to figure out where we went wrong. Of course, there are many answers to this, such as the fact that free money is printed everyday that large holders get to sell off every day to ensure that the market cap stays the same or goes down.
We used to be a top 50 coin. Hell, a top 30 coin at one point, I believe. But each day we creep further inter obscurity. It seems that daily we dip into the 200s rank and then briefly rise up to the mid 160s or so on CMC.
I think there is another huge reason for this.
Do a search for Hive in google. Now do a search for Hive Blockchain. Now do a search for Hive Token. You get the picture. We are virtually invisible because of the name that was chosen for this fork. Those guys at the other Hive Blockchain that sent the cease and desist letter didn't really need to do anything at all. They have all that matters; search results and name recognition.
It seems to me that this was doomed from the beginning. I mean, the logo looks cool and all.... But if you don't have an original unique name, then how can't you stand out. I propose that we change the name.
It isn't as if anyone is going to be confused. Those of us who are already here will know what's going on, and everyone else has never heard of us anyway.
If we don't do something, we're just going to keep falling deeper into meh territory and complete obscurity. There is a reason why Steem is outperforming us, even though it is a centralized mess owned by a crook. It at least is slightly recognized in the crypto community. We have been lucky from time to time to get a mention from folks like Vitalik, but it just isn't enough.
Every day I consider powering down and selling everything with the feeling that this is all just a lost cause. In fact, the only reason that I don't is because I have this glimmer of hope that perhaps there is something happening under the scenes that I am not aware of. Something that is going to make this terrible multi-year avalanche pay off. And of course, with my luck the way it is; as soon as I sell, that's when Hive will bounce back to a dollar and beyond with lots of new investors and massive user growth.
What should I do? Should I keep holding? Is something in the works that I should know about that is going to turn things around? Do you think a rebranding is in order?
Think about it rationally before responding. Forget about how much you've lost investing in this platform. Imagine that you have no stake here. Why would you invest or not invest in Hive?
