The Honeymoon Period is About To End

in #hive4 years ago

I have been into crypto a good few years now and I have learnt my lesson on many occasion when it comes to forks. Buy the rumour sell the news is the best piece of advice in this game. I have a nice car sitting in the drive for this reason mainly thanks to Antshares and Iota. While it looks all sunny in the hive blockchain I do think it was a rash move to leave Steemit behind. I have invested in Steem over the couple of years but after all the drama with a new owner coming in and the freezing of his assets, I lost a lot of respect for the this whole system.
Screenshot 20200406 at 15.21.49.png

Hive set up and gave me free money so I was happy about that. I think the Hive team are going to find it very difficult. They really just duplicated Steemit onto another blockchain with all its problems and in fighting and little consensus. Pretty much like a couple with marital problems buying a new house in a new location to see if it works outs. Now you see little front end improvements here or there but its still gonna be the same. No activity on Hive, everyone on Discord and the same people skimming off the top talking through both sides of their mouths that will bring the blockchain to its knees. Hive has warning signs written all over it. The honeymoon period is ending when people start powering down their free tokens and selling off. We have seen it already with the price today. Justin forking the Steemit witnesses steem holdings. Well they did that to him so what goes around comes around. Hive price crashed as a result. This is going to go lower. I am glad I sold some at a decent price. I would be mad not to. Meanwhile @justinsun is left with a blank canvass and a reputable blockchain. I can see people heading back to Steemit in a couple of months and Hive becoming the next Weku. Community this and community that. If it weren't for @curie and a few other initiatives like @freewrite and powerhouse creatives that were not backed then all you were left with was a couple of numpty's doing selfies of their fat head or a guy posting graphs to get autovoted.

I remember Bernie saying in a post what is the point of powering up? So you can upvote other people a good chunk of change. Unless you are upvoting yourself then there is no point powering up. That resonated with me. I am kicking myself for powering up because I sacrificed liquidity to become a bigger fish in a small pond. Now I have to wait to be drip fed when I own so I can invest in other projects such as EOS voice that I see massive potential in. Cyrpto moves fast and in two weeks time it could be a total different story. I see major bag holders and big names giving out that their Steem being locked in on Binance. If they were so loyal to the blockchain why were their funds powered up in the first place.There are alot of shady dealings going on high up on Steemit. @akiroq did a great post about this last week (on steemit) because she is barred from the decentralises Hive. 😂😂 Maybe we should check out who is bringing the price down on Hive. It might make for some interesting reading. But we can always fork again and then I will be copying and pasting on 3 platforms and milking the system like the rest of them. See you all back on Steemit in a coupla months!!

Sort:  

Howdy sir blanchy! Dang, is that a 1970's Barry Gibbs in your profile photo? That looks pretty darn cool. I should replace mine with a chest shot of Arnold in his prime!

So me no savvy on this here post. You stayin on Steemit or leavin crypto altogether? If you're stayin that's cool, lots of us are. I have no clue what's gonna happen.

Im staying on both as I have no loyalty to any witnesses or Justin for that matter so Il hedge my bets and see where it takes us but stay liquid. There is too much drama at the moment. I find it hard to separate myself from Steem after all this time.

Oh so you are emotionally addicted. Very dangerous position for a businessman to be in. lol. I don't understand why the over the top drama, like people want to kill someone. Like they've never been around business dealings before.

Maybe you aren't paying much attention to the things happening on steem. Well, in 11 weeks we will find out.

And to think most people are here because of the price of the coin is really surprising. But hey, time will tell.

It's really laughable to think steem will amount to anything. They don't even have a plan. Justin isn't even interest, it's a project for his minions now. Even the few non Asian supporters are off. So what's the indicator that steem will be a successful project? Everyone is milking steem at this point.

If it weren't for @curie and a few other initiatives like @freewrite and powerhouse creatives that were not backed then all you were left with was a couple of numpty's doing selfies of their fat head or a guy posting graphs to get autovoted.

Lol have you checked steem out lately? 🤭

I can invest in other projects such as EOS voice that I see massive potential in.

Did he just mention voice? Voice?! Lol

My guess is that you don't like the witnesses that much. It's all sentiment. I have done away with all that now but like I said good luck on voice and your other plans.

Voice was set up by Dan Larimer , you remember him?? He just injected 150 million dollars from Block One into its project and only available in America beta right now so you shouldn't knock it until you have tried it.

I am fully aware what is going on with Steem. Is it laughable that Steem is currently 16 cent after two weeks of powerdowns. What price is Hive at the moment?
The active community of Steemit was very little each day so it wouldnt take much more investment for Justin to get new users. He invested millions of dollars into buying the tokens so I think you would agree with me that we can presume he wants these tokens to increase?

And to think most people are here because of the price of the coin is really surprising.
And finally what are you in here for? I don't see much powered up in your account and you have been around a long time now @nonsowrites. Where are all your funds gone? kinda surprising ;-D

Voice was set up by Dan Larimer , you remember him?? He just injected 150 million dollars from Block One into its project and only available in America beta right now so you shouldn't knock it until you have tried it

Lol, maybe he should learn from Google that throwing money at a dead project won't work.

I am fully aware of what is going on with Steem. Is it laughable that Steem is currently 16 cents after two weeks of power-downs? What price is Hive at the moment?

I am sure we both are aware that the price is very volatile. Bitcoin was a couple of cents some year back. So are you basing the potential of a project on it's the current price? It's barely two weeks. C'mon

The active community of Steemit was very little each day so it wouldn't take much more investment for Justin to get new users. He invested millions of dollars into buying the tokens so I think you would agree with me that we can presume he wants these tokens to increase?

Certainly, that plan will not work as some of the top investors on steem are powering down and buying hive or bitcoin.

The active community of Steemit was very little each day so it wouldn't take much more investment for Justin to get new users. He invested millions of dollars into buying the tokens so I think you would agree with me that we can presume he wants these tokens to increase?

Oh, don't be mistaken im here to make money not considered about the price. Doesn't matter if hive is $0.01 today, can I still make money and add value. If it was for the price everyone would have left. I was here when steem was about $2, so the price isn't my major issue