It is easy to get caught up with Crypto Twitter (CT), which has remained the name of the crypto community even after becoming X. These X posters are generally very vocal about their crypto experience. They are loud when the are seeing gains. They are loud when they are losing. In short, they're just loud.
But it's not just X. We also have many complainers on Hive who are delirious when price go up and greatly irritated when price go down.
Having been on Hive for a few years, since it was Steem, I've seen the price go up and price go down. I can understand the emotions to some degree. Over the years, I've invested my own money into my account as well. I could not say that posting on Hive is free money. It does cost time. And it has cost me money out of my pocket.
What, exactly, is winning on Hive? I think how you define winning has a lot to do with your frustrations and celebrations.
When I first came to Hive, in its previous incarnation, the intent wasn't to earn crypto. My intent was to participate in an uncensorable platform. I admit that I have been caught up on the game of trying to earn as much HIVE as I can, which is why I invested so much into it. But ultimately, it's the ability to post without restrictions that has kept me going.
In my time on the platform, I have seen the price of HIVE go up and come back down multiple times. Currently, the crypto market is having a tough time all around. I don't see the present low price of HIVE as a problem particular to Hive. Steem, for example, is trading at $0.03647. Blurt is trading at $0.00073699 and is still running.
I think that in time things will turn around, giving Hive some more breathing room. Presently, rewards are no longer paid out in HBD. Instead, we are earning HIVE and HP. This is part of the blockchain design to avoid what happened to LUNA.
I understand the frustration with the price if your goal is to earn HIVE and then cash out. With a lower price, it becomes more difficult to generate any meaningful earnings.
From my perspective, living in the USA, Hive has never been a great source of income. With the effort it takes to write a post and the unpredictability of getting upvotes, Hive has never been something that I can count on to buy so much as a bottle of soda.
Therefore, the earnings have never been a great measure of winning.
For me, winning is to see my HP go up. It's independent of price.
With increased HP, my upvotes are larger. I'm not certain if my curation rewards earn more than my posts. Probably.
Curation is the easiest way to earn HIVE. You read, watch, or listen. Then you upvote. It's less of a mental burden. It's rewarding to both parties.
In terms of adoption, Hive only has roughly 40,000 active users. That's not a lot of users, compared to other social media or blogging platforms. However, it's unlikely that any of us would be able to curate every single post. There's plenty of content out there for us to curate daily.
Starting with Inleo and then later Snaps and Waves, microblogging has been a great addition to the Hive platform. DBuzz started it at first, but users always faced the risk of getting downvoted by the Hive Police. DBuzz posts directly to your blog, unlike the others that put your posts as comments. The Hive Police don't like it when you post multiple blog posts per day as they consider it reward farming. Fortunately, Inleo figured out that creating a container post for all micro posts as comments would not draw the attention of the Hive Police. The Hive Police have other rules too, such as no plagiarism or low-effort posts.
All that to say that microblogging on Hive is one of the best ways to earn HP. It's low-effort. And it's actually fun. And it's not penalized. I get more replies from posting on microblogs than I do on my main Hive blog. The rewards aren't as high. But the rewards are more frequent and consistent. It's also easier to curate. You don't have to spend a few minutes reading a long post.
I can't be on Hive 24 hours a day. As it is, I probably spend too much time on Hive. Yet I have all this Hive Power sitting there unused. The best thing I can do is delegate Hive Power and allow others to curate and share the rewards with me. I can take a day off and still earn curation rewards from a dedicated team of curators. I'm limiting myself to only half my HP. I still want to be able to provide meaningful upvotes from my own curation.
When I read people complaining about the price of HIVE, it makes me uneasy. I know what they are really saying is that they can get less money for dumping their HIVE. If their interest really were for the platform, they'd be staking all their HIVE and see that they are winning because their HP is going up.
After complaining about the price of HIVE, they start tossing out ideas on how to change the protocol to reward X or penalize Y activities. They start thinking about nuking HBD or punishing the whales on the platform. They are looking at a metric, market price, which is not something they can control, rather than see their HP, which is almost completely under their control.
Hive Power (HP) is the score you need to be watching.
Imagine you're playing a football game. The score is 3-2. But then the team that's behind decides that it wants to sell a point before the game is over, bringing the score to 3-1. Then the team complains that the game is unfair because they didn't get paid as much for their point and also lost the game. Whereas they could have put more effort in to tie the score, they decided to cash in on a point.
This is how I view Hive users who are dumping their earnings and complaining that the price of HIVE is too low. It only matters if you are dumping. It matters less if you are focused on your HP score.
Get that HP score as high as possible. The larger your account, the easier it gets to earn HIVE. The more HIVE you sell, the more difficult things become. It's very simple.
This is not the time to sell HIVE, if your intention is to sell HIVE. This is the time to accumulate points and play to win the game. Later, if the price ever goes up significantly, you can consider selling HIVE. Selling your HIVE now is basically giving away the ammunition that others are going to use to beat you at the game.
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