Will Any Coin Moon?

in hive-167922 •  14 days ago 

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What Do I Know?

Let me start by saying I am no expert in crypto. My first exposure to the whole realm was with Steem in 2017 or thereabouts. I am not even on the hobbyist level of cryptocurrency. However, I do have some experience in finance and at least a basic knowledge of how capital and markets work. So take this screed for what it is worth, less than a grain of salt lol.

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Do I think any crypto coins will ever moon? I would say BTC has already. Perhaps it will continue to increase in value. Why? It is seen as a hedge against a devalued dollar, much like gold. However, there is more to it than just that.

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What about Hive?

The main difference I see between BTC and many other alt coins is scarcity. There is a finite number of BTC that will be mined. Of course I have an interest in Hive as I have never powered any down. I am an active content creator, so I would like to see Hive slowly increase in value. I am not sold on the idea that it is going to moon, however much I would like to see it happen! The reason is that so many of the content creators constantly power down. Really who can blame them? The sell Steem/Hive and buy BTC trade has been working for years. I have long said there must be a reason to stake Hive apart from some inflation reward and being able to vote more for other content creators! Thankfully we are now free from Steemit's constant selling. Even so with more Hive being minted daily, will we ever have so many users that will power up enough of the liquid supply in order to let the price rise?

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What Can Be Done?

It seems to me that we can borrow from the Facebook play book. Could we not devise a scheme where advertisers pay for access to ads embedded in and around the site. They could use Hive to pay or they could use fiat but it then would be exchanged for Hive. Then that Hive would be burned. No matter what is done, it seems that advertising plays a foundational role as far as bringing the needed bucks into the site. I only wish those that are much brighter than I, can find a solution.

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What we need is for more projects / "alt's" to fail and shut down.

Then more of the development / resources will be focused on a smaller set of "utility" coins.

This will cause them to MOON.

The current market everyone is trying to create their own coin / project instead of investing in the current ones.

The reason is that so many of the content creators constantly power down. Really who can blame them? The sell Steem/Hive and buy BTC trade has been working for years. I have long said there must be a reason to stake Hive apart from some inflation reward and being able to vote more for other content creators! Thankfully we are now free from Steemit's constant selling. Even so with more Hive being minted daily, will we ever have so many users that will power up enough of the liquid supply in order to let the price rise?

STEEM went from 7 cents to $8.5 in just ten months. That's 124x despite the 8.5% annual inflation. Even if all the newly minted coins hit the market immediately, it would be nothing compared to the immense volatility of the coin price.

When it comes to the scarcity of BTC as the source of it's value, we should not forget that it's also the trust in the permanence of that scarcity that gives it value. Bitcoin is decentralized and does not have a governance structure. It's a PoW coin and it's harder for stakeholders to make a stupid decision together.

By the way, I'm all for ads on Hive front ends. They could use the money on development costs or they could partially share them with their users by issuing tokens redeemable with the money earned from the ads.

We focus on projects that should, and will be in the top 50, some even in the top 10 given enough time. The projects that are relatively new, highly undervalued, but ultimately the better project, have the most to gain.

Yeah, i am appreciate your thoughts and i am also not a crypto expert. But in a sense of point btc couldn't rise in a single day after its inauguration. Its make advertisement for spreading, even its hacked computer network and demanding btc for unlock! After that people's of majority are concerned about it. Does hive make any advertisement to increase its user by announcing its features and benifits!? Only users are inviting people, hive should make some prompt awareness to the different web link for its digital marketing. When more people engage here and demanding for hive buying requests, only then its price will rise and in a steady position!

I do believe that hive's value will increase when the value of BTC would increase further more just like what happened in 2017, so getting an advertisement for hive or not for me doesn't matter because of the influence of BTC. @old-guy-photos

I can only comment on the beauty of your pictures. Stellar shots, especially the heavenly light!

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Interesting thoughts.

I don't agree or disagree..... but somehow it always seems to get so messy when advertisers get involved and it always seems to be mostly scammy crap and crude photo'd click bate.