Is it a Trump pump, to be followed by a Trump dump?
Probably right? So, sell the hype? But, what if that is what the markets are waiting for, before pushing to an astronomical new high that shatters records and makes a golddigger with a kink for tech nerds panties moist? 'what if it is so high it makes my panties moist?
Whoa. That'd be high.
Because, I'd need more Bitcoin than I have. However, if HIVE followed suit and went to the dark side of the moon and far beyond, then I might be getting excited.
5x, 10x, 20x.
With the ban of TikTok in the US (for now), there have been the dreamers saying things like, what if 1% of them came to Hive, or what if 170 million people arrived and spent $10 on Hive each? I think these things too, knowing that it is about as far-fetched as Elon Musk buying 10 million HIVE and then shilling it on Twitter, or X, or whatever the hell it has become these days.
But, one of the interesting things with HIVE is that a fair amount of it is locked up in stake and takes time to release, which means that it is "easier" to push the price higher, and keep it there for some time before a huge amount is dumped on the market to bring the price back. However, far less than half of the HIVE is powered up and staked these days, so there is more liquid to move around than previously. But, that also means that that which is staked is earning slightly more from the pool through curation.
And this sets up another dynamic in the ecosystem, because as price rise, so too does vote value, and while the same amount of HIVE will be in the pool, the HBD amount will increase. This is a major win for the creators, because curators don't get paid in HBD - it is Hive only. So, if you were someone who was liking your vote values when HIVE price was up at about 60 cents recently, how do you think you will feel if it was 5x that? And then, how long will it be there for? Is it worth selling, or is it worth earning on the principle, and getting the additional percentage on top for holding?
Sell.
It is interesting here, because most of the time I am not for selling HIVE, but we also know that no market upswing is going to last forever and there are benefits for the price to sell high. Yes, it will bring the price down, but what it means is that people would have been buying HIVE high, and like most people, they won't want to make a loss on it. They will eventually. And even those who would still be selling at a profit might keep holding, because they want to make *more profits. This cycle brings the floor price of HIVE upward, so that in the downturn times, price is still higher, and maybe enough to retain more people and keep them active.
The lower people buy, the less it has to climb for adequate profits to sell, which means that price will not only climb more slowly (or fall), but there is more chance that it ends up in the hands of token speculators, not Hive users. This is probably part of the reason so much of the Hive (about 2/3rds) is currently unvested. It is liquid because people want to sell it. Hive users want to sell it too, but they are also wise enough (normally) to earn on it when they aren't going to be selling it. Not just earn of course, but also be part of the Hive community, voting posts of other members, and helping them increase their Hive ownership also.
One of the reasons I don't understand why people aren't on Hive, is because Hive is far more interesting than the other platforms. Forget the content for a moment, and look at the ecosystem. It is full of games. Not just games to Play to Earn like Splinterlands, Holozing and Crownrend (they are referrals if you are looking to join in on a game - Crownrend is very new), but games of the community, with all the powering up, down, staking, HBD savings, Hive-Engine pools, and of course, being part of the community. Those other platforms are fucking boring in comparison for a user, because they are just endless scroll experiences.
Hive is like a choose your own adventure, a bit like an economic MMPORG, with so many different paths to take, each with the potential to both build into the community, and earn from the community. It is pretty amazing in my opinion, but I am biased, because I have been here for so long already, playing many different experiences, but always me.
One of the things that annoys me a lot about many of the games on Hive, is that they tend to encourage multiple accounts, rather than incentivising the growth of an individual account. Hive has a bit of that issue too, where there are people with hundreds, some with thousands of accounts, all looking to run some kind of little scam to skim value. There are some very big and well-known accounts who have in the past, been caught self-voting with what they thought were hidden alts.
Too much is hidden.
TikTok was banned in the US because of "data concerns" of information going to the Chinese government, which sounds relevant. But, all the companies are doing the same, and feeding that information back to the governments anyway. Just think about the narrative that Facebook was supposedly forced to provide and enforce during the Covid epidemic - with a great deal of that information, provably false. But, I do get not wanting information on hundreds of millions of users getting into the wrong hands - but the question is...
Whose are the right hands?
The answer is simple of course.
No ones.
Rather than trying to stop individual companies, the law should be that no user data can be collected. Or perhaps, only a set amount of basic data can be collected, for practicality sake. The data shouldn't be able to be used to target for advertisements at all, especially since most of what is advertised is negative for people's health. Data shouldn't be used to sell more crap to us, it should be used to help us reach more of our potential as individuals, communities and as a species. But, it isn't getting used to do that, instead it is valuable because it generates ad revenue, and it is valuable because it is being weaponized. No government will never ban data collection, because hey want access to the weapon capabilities also.
You know what would make my panties wet?
A society and an economy that maximized global wellbeing.
Hive at 20 dollars is a close second.
Taraz
[ Gen1: Hive ]
