I think to answer the question why so few are buying hive at these really low prices would take a whole post.

But to summarize it would be what you mentioned already plus the usual fear of buying a falling token. Plus a falling author count for the last five years which major stakeholders and top 20 witnesses are doing nothing about. In fact look where the top stakeholders are directing their curation... upvoting burn posts and HBD stabilizer or something like that... instead of incentivizing authors that are the biggest value of the Hive blockchain. I heard people say that Hive is basically a slow rug pull at this point, not sure I agree with that... Also people say that majority of witnesses in top twenty don't do anything and just power down constantly putting additional pressure on Hive prices...

Having said all that I still think that Hive has a great potential so I am here staking every Hive I get my hands on.