I know we have validators now and there operational does that mean the game can operate regardless of what HIVE does or if it ever fails? Seems like key projects are failing or leaving HIVE and if we are depending on HIVE then there is much more risk than ppl probably think. I hope the whole point of the validators was to completely allow the game to operate whether hive exists or not as it only takes the people running it to not make money for a bit and then likely things will start to fall apart more and along with it price and then users of HIVE bc realistically most ppl are hear to make money and use that to buy items on games or pull it out to purchase other digital assets, make markets and pull out profits from that etc. There are some that are here for blogging, free speech which i argue is not that free since we have the down vote squad that tells you that you cant use certain things or do certain things that most of them do anyway and also downvoting to manage the rewards bc they thing posts dont deserve what ppl give it deff drives ppl away. This token price decline will test HIVE and if it cant come out of it I feel like the many ppl that have small stakes which is most will dissapear bc it will not be worth writing on here for the small amount you get and the risk will increase for keeping and serious funds on it or HIVE engine and that could cause a bank run to get as many funds off of the chain as possible and in order to hold it together whales cant really sell and if I were providing liquidity right now I would pull it as I wouldnt want to be exit liquidity if a large holder decides to liquidate while there is liquidity on HIVE engine in various pairs especially if SPL can actually run completely independent then many could use that as a way to move funds quickly off HIVE into sps or dec and use the bridge to pull off funds to BSC. The fact that a couple major apps just closed are making me think twice about re investing more and might now continue just pulling capital out to BSC to sell and invest as much as I can in other digital assets while there down and might downsize my account father but it may be hard to do with the liquidity right now as it has been light for a while and hard to sell many things that cost a lot and would deff have a hard time selling my land cards and land for a price i would take and if i cant get close to what i paid then it makes sense to just hold the current account and probably sell my deck I play will and just keep my land cards and maybe what ever a my bot uses to play since it really only uses a few cards i should sell anything that it doesn't use often for DEC as its at half peg right now and could take a risk to hold it and see if i can sell closer to peg or just move it off to other coins that are stringer and keep generating the 20-40 dollars a week from land to recover costs as the ROI on the FMV of the land right now is pretty good but my ROI on cost is terrible but that was due to me purchasing things right before they announced the layoffs and other things that caused me to lose a bunch and not be able to sell as the liquidity dried up.
I was planning on buying more hive with my dec earnings while it was low and started to but with the news and after thinking about it I dont think many ppl are going to be very active other than people with larger stakes or people that are taking a risk that HIVE will keep doing well and with the price very low if it keeps going down they wont be able to fund projects and if the projects cant pay ppl then they likely would need to stop more of them further impacting its usefulness. Hive really needs to rebound and the people that have probably raided this thing should stop doing it but they likely will raid it until the end since they have made a lot of money and i doubt they put in money when its risky and if they think it could fail. I need to find out how dependent SPL is on HIVE I think the point of the validators was to survive without HIVE or on its own but not completely sure and if not I sure hope they have a back up plan to move to a diff chain if that happens. I feel like most of the ppl on HIVE play splinerlands and many of the whales have significant hive interests which would impact there purchases as well since there stakes lost a lot of value. Maybe ill take a chance and put 25% into hive to hold past the end of the year for a possible pump by the ppl that usually do that as it would make sense after year end for taxes to keep it low if possible to harvest losses and send it up for a pump after year end. That would be a good trade and if it doesnt increase over the next few months deff will probably ramp up a account reduction and sell off assets that I wouldnt be able to get rid of if HIVE some how stopped existing. The chain would only exist so long at a loss and if the currency falls apart no one would keep poring money into it they would just take there profits and move on. I hope that HIVE can come out of it but we have a lot more hive in circulation and i have herd that the spending was out of control on stupid things kind of seems like what happened in SPL earlier in 2022 and now were running that well, maybe SPL should take over running HIVES DHF as they deff run it a lot better or at least are a lot more transparent with it. I wish we held less HIVE assets right now in the SPS DAO which will hurt our value if it does not recover and will have a negative impeach on SPS and DEC as hive is one of the main pairs. I feel like also if SPL did leave then there would be a lot of players that would not use hive anymore and it might be really hurting as i don't think there are that many large holders on hive without looking most ppl come in to make money and stack from pretty much nothing or they pull enough on posts to extract to a diff token that is more liquid and less fragile as HIVE could easily collapse its pretty much as strong as the large stake holders and how much funding is coming in bc with out buying of HIVE and additional money coming in especially in times like this it wont be good.
If I can get good exit prices or decent ones on some SPL assets going to take that and keep my accounts assets that produce the income and remove any extraneous assets or list them at least while ive noticed card prices have risen and since dec is low a good trade may be to sell if they are above peg and then hold to hopefully catch dec at 80% of peg but probably will pull it off of HIVE and HIVE engine bc that could shut down at any time you never know and it would prob now announce it until it was to late to do anything about it so that people could pull there assets out for a decent rate and use the liquidity of the small holders to get as much out as possible who dont monitor that much. I deff hope we can keep going bc it would be a huge set back for SPL if HIVE failed now and we had no plan to either move chains or continue operations as many assets might not be able to be sold like ones only sellable on HE if HIVE is down HVIE engine goes down to im guessing. Better get my p and l reports for all year now lol just in case things hit the fan im only missing 2 now so getting that asap so i dont get boned if they do have issues and i cant access the service any more.
Hope the large stake holders have some sort of plan for HIVE and are not going to go buy some new race car at this time lol. They need to maybe fix some of the terrible policies and restore some confidence as the token price and the stable coin price is not that stable as well. Or what could be happening is they are allowing it to drift lower if they have adjusted there liquidity to purposefully shake out ppl and then acquire more hive at very low prices then send it up and get a even larger stake as the inflation needs to be addressed. HBD below peg is not a good thing as ppl will prob sell some hive to get HBD and bet on that rather than hive due to it being more likely to recover to peg faster than hive and buying now gets a much higer rate and but for how long not sure likely more rate cuts coming which would further possibly tank prices for ppl who hold it for income and might not see the impacts of some of these things for weeks due to power downs and how long they take. Without doing to much research I am deff concerned for HIVE right now and as long as HIVE does not mean SPL fails i wont be hurt to much as most of my assets are on SPL and was will be reversing my hive purchases for now with the new info to move it to less risky tokens that are down as well with a better future prospect. Unless witnesses will operate at a loss for a while then HIVE may have trouble and if there are no nodes then there is no chain and everyone SOL. The other thing that could happen is some sort of fork but not sure how that would work but it would not likely be a favorable fork like the steem one as its from a place of weakness and it would need to do something to strengthen the ecosystem.
