Everyone is talking about the market, Things has really gone beyond what some gurus Expected; Earnestly people were thinking that Bitcoin price was never going to touch $60,000 again after when prices surged to $124,000, surprisingly, BTC dropped down to $59,000, before rebounding back to $68,000 as at the time of writing.
Recently I have been trying to understand the minds of people towards the current market situation, and how they will react if prices becomes more bearish than it is now. Have been trying to know how Hivians will respond to our lovely $hive token, If eventually, price drops to $0.01 driven by sustained bitcoin sells pressure. This very possible if Bitcoin touches $45,000.
The question is, are you going to buy more or are you going to sell? will you let fear and panic take over you or will you become greedy? And if this happens, and maybe eventually things go worst than expected, what will be the fate of this platform? Because possibilities are that many people, many whales will panic sell and if that happens, price will even drained the more, earnings will become worthless, and people might even get tired of posting. Because let's be real; No body here came for fun only, we all are here for connection, fun, engagement and reward.
But if the reward are no longer worth it, will you stay? Very few people will consider staying, but everyone on hive will find themselves another channel of serious income or a job.
If I were to decide how rewards on hive should be paid, and how things can changed completely, I would say; Hp as the influence token should only be bought and staked, but not earned as rewards. Rewards should only be paid out in HBD and also be withdrawn in HBD.
I think that would have helped $hive a lot as more people will buy to stake and gain influence and none is actually selling. Of course if you can withdraw with HBD and send to an exchange, no one will bother about selling $hive. I think HBD is completely worthless at the moment, because you can not make an external transaction with it, that's very poor.
If rewards are paid in HBD, withdrawals in HBD and people only buy $hive because they want to improve their account values by staking and gaining influence, that will definitely improve the value of hive token.
Again, I understand that so many people doesn't like the idea of ads, If you are among them, then you are one of the people who are against the progress of #Hive platform. In this our world today, think of it, what generate the most money on the internet? Is it AI? No! AI is actually a tool built to improve how ads is being perceived. I don't think there would have been a need for AI tools if people were not looking for a way to improve the quality and cost of advertisement.
You will be deceiving yourselves here thinking you are better than other platforms generating good income from ads, and also paying their creators huge amount of revenue shares, and they are paying millions of creators. I know somebody here will tell me, "this is web3 economy", ooh really? but the economy is crashing very hard because every expenses and rewards are made from just one small pool, and all the developers and whales wants to suck the pool dry. Are you getting it?
This place will soon be a joke if you don't wake up. I have never seen a serious business depend on just one pool of income or funding. You will come here to tell me that hive has existed for many years. yeah! Truth, but where is the growth, other than some crazy irrelevant applications being developed every day to suck from the DHF?
A normal creator here won't earn up to $20 weekly no matter how serious he is, why? because the pool's funds are limited, only meant for whales, developers and relatives of these whales including their worshipers.
check out a platform who fully embraced ads and generate good revenue from that, they have enough to pay bills and to settle every creator without fear of token crashing and platform failing. I might not be completely correct with everything, however, am not also here to please anybody. Hive needs extra channels of revenue to survive and you are killing it if you are not seeing this.
Imagine how upvotes here are so limited, a common creator can not survive, you need a higher stake or a god to worship here before you can gradually survive. That's why hive is far from keeping people. many account will be opened and left unused because the economy is bad. and if you are one 0f those people enjoying hive economy, then you are one the killers of hive project.
If you don't wake up now, hive will be a platform you will only discuss about sooner than you expect.