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RE: Why Hive's price is behaving exactly as expected

in #leofinance3 years ago

I hope you are right and I know you put a lot of work into the Analysis. Let me play devil's advocate for a second. I have been in crypto since 2013 and have had my teeth kicked in enough to be cautious in certain situations.

The concept behind Steem / Hive is a great use case for crypto and freedom of speech so I want to see them succeed.

That being said there are a lot of differences now from previous cycles.

For starters copies of coins almost always do worse than the original price wise. HIVE is viewed as the copy.

Secondly in the last cycle the concept was new but most people in the crypto space tried it out and most determined it was an unfair system.

Essentially on a content creation platform with that high of a market cap and not one content creator can make a fulltime income. Not even 1. That's an issue.

Now both STEEM and HIVE are no longer on the first page of Coinmarketcap.com. in the last cycle STEEM was high on the first page. Out of sight out of mind.

Last cycle we had Jerry Banfield marketing hard on YouTube and Facebook. He was effective

Now no one is going to do that and the worker proposal system is mainly just to feed a small circle of friends.

Typically during bull Markets people will look for the goose that lays the golden egg. The STEEM backed dollar pumped hard last time amplifying earnings.

Again it isn't to be negative but I have to caution you. Good luck!

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You made good points, but things have changed positively as well. Immutable communities, second layer apps taking advantage of custom_jsons, being truly decentralized without a premine stake...

Imagine the hype splinterlands can generate on its own, that will feedback into hive at some point. Same can be said of communities like Leofinance or even another one by then.

and 3speak will probably do their thing by then.