When I say last time, I mean probably in the next three to six months, not just today :)
This is purely from a supply and users perspective.
The Hive supply is going down 0.5% per year. But also in absolute terms, this is the last year there is around 25M projected inflation. It has been growing up to now. Next year it will be lower, and the year after even more.
Also in terms of price, we know that most likely the next year and the year after there we will be some type of BTC bull run. This by itself inevetably will lift the Hive price.
Becouse of the Hive double curency system and the virtual supply acting as a base supply for inflation calculations, the Hive price also has effect on the Hive supply and its scarcity.
When the weel will turn in the next two to three years, we will be in a position with smaller Hive inflation and supply.
Even in the next bear market, the inflation will be smaller than now.
The above in terms of supply. But as we know, supply doesn't mean nothing if there is no demand. Demand is what coutns! Now this might be totaly my biased opinion, but if you have been long enough, just try to remember how was this place in 2018?
No Peakd, no Splinterlands, no Keychain, no Ecency, no Leofinance, no Liketu, no 3Speak, no active DHF, no working HBD, no new upcoming projects like L2 smart contracts, no other games and projects that we now have. Eventually something must give. The bull market can easily give a push in the back on few of these projects that can snowball.
Having in mind the above, I dare to speculate (something I almost never do), that the next three to six months are most likely the easiest period for accumulating Hive, eighter earning it or buying it.
At the end a mandatory reminder that this is not a financial advise. Its just my observation and speculation. Will be interesting to check this post a year or two from now :)
Doing my best to accumulate HIVE as well as BTC these months... however, there is a thing that we have to improve for HIVE... we need more pairs and exchanges listing it
Agree 100% with that. Binance alone is not enough. We need other big exchanges to list Hive.
Accounts with 70+ reps and <2500hp don't understand what it is that they gave away like it was nothing.
While I won't be holding my breath, I do hope that I will live long enough to see them come to regret that choice.
I wonder about this too. On one hand, holding HP helps secure the chain, takes HIVE off the market, you can participate in governance and incentivize others to receive HIVE for doing a certain activity. On the other, HP will earn you money.
70+ rep and <2500hp just says you haven't even been able to look out for yourself.
Yes, savers and spendthrifts.
Not too hard to figure out which is more socially desirable.
As long as the biggest accounts continue to support the dumpers, this is what we get.
The sad thing is that all this cheap hive being dumped is concentrating and not distributing the token.
Working hard to accumulate as much as possible!
I wish you were right. But we don’t yet know what the cryptocurrency market will be like in 2024.
@tipu curate
Now it's time to accumulate!
Upvoted 👌 (Mana: 23/63) Liquid rewards.
So true... Damn, so much happened since the last cycle! And the scheduled drop of HIVE inflation doesn't wait for anyone.
Exciting to think about it and hope it is :)
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