Thanks for sharing your view. I don't blame the third world users that cash out, for dragging Hive down, as I do with the circle of whales that decides anything in here, but everything works like two-three years ago. They're probably minding their own pockets, and nothing else, much more than those poor ones cashing their tiny rewards. Not to mention DAO is a joke.
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You are 1000% correct. the only thing I might add is that "3rd world users" would profit MORE and help the system MORE if they became "invested" but that battle is extremely difficult when you must scrape by every day barely surviving.
As far as being a witness goes, it's a non-profit venture at this time. That coming from one of my witness friends who is actually worth a damn and a solid citizen.
I have lived of Hive as well by selling tokens and I totally get that. I know it's not a workplace, it's first and foremost a passion, and in my case the best spent time online, but when the belly's empty and the bills are coming you know you can spend some of that earned tokens. I mean it's not that they have a limited supply and you can't earn them anymore in a few years or so. The problem is that there aren't new large investors incentivized to put money into Hive and compensate the third worlders and that's due to poor marketing. As an investor having the staking and curating earning tool at hand you can really get nice revenues, not at the current price, but the opportunity is there.
I had such a "caught in the middle" feeling that once Spinvest basically TRIPLED our stake's value, Well, I cashed out like 99.9% of mine. I was top hodl for the first year + and then when I cashed it out, plus more hive and H-E tokens, well, I bought a pocket full of Gold ;)
You see... everyone has his/her strategy, needs, visions and so on. There's no one to be blamed after all, and ultimately it's your own pocket that you care the most.
Posted Using LeoFinance Beta
I though by powering up EVERYTHING I could help the community the most, but that was a fine balance that most people cannot achieve. I don't think the whales should leave it all powered up just to benefit the community either, in reality I guess it just took me too long to figure out obvious that you just stated. I powered up everything for over 3 years then basically said fook-it.
Do what you feel, don't follow herds and trends. If it's a good decision it's yours, if a failure, yours as well.
Not to mention, I threw a bunch at LEO.
Really jaded on Hive but it seems LEO has lots of headroom!
That might be a good strategy. I've noticed recently that LEO is highly vlatile and that makes me think it would appreciate even more in price.
Yeah, plenty of folks buying back in at the dips.
The magnitude does not scare me, it's reasonable.
After the discount sellers are done, then it should
go up. The support levels around 1 Hive are great!