Since everyone's busy trying to figure out who to blame and complaining about everything they can think of like it's a sport, I thought I'd make a different post today checking what people think is good about the price dropping?
I'll mention in this post some things I don't like first, then see if I can come up with something while leaving room for the comment section to add to it!
Hive's a long term play for me as I may have mentioned at least 42 times in the last couple years. While it sucks seeing the "value" of our stake drop this low, it's not something too crazy when you look at the general market and coins that aren't tethered to institutions or ETF's. For instance, some other coins I've been invested in for some time are also down quite bad (gods & imx) Gods is down to 3.3 cents from it's all time high of $7 while imx is currently at 14 cents down from $10 or so. Sound familiar?
I usually don't like comparing coins to their absolute all time highs they may have reached, first because flukes and euphoria mania along with gambling are way too common in this space as well as manipulation. Just because Hive reached $3.4 for a few hours that one day doesn't mean that's the comparison point we should always use. I think a fairer all time high evaluation of Hive would be around $1, so yes, things are still bad but let's not spice it up always just to make a point or try and enforce an argument, it's quite lame.
It's hard to invest into other things with Hive currently. I've spent over half of my current total stake on the game I've been working on the past 2 years , while I thought it was already bad then to spend so much undervalued hive just to see progress and development going, I didn't expect it to get to a point where it'd be even worse and practically ludicrious to expect me to continue funding the game from my personal stake at the prices we're at now. I like hive too and web3 gaming is worse off than altcoins in general latlely so you can't just yolo too much, I've probably done that enough already. I think more people are in the same shoes where they'd wanna build or develop or fund things on hive but don't really wanna get rid of hive now when it looks like they should be buying it instead.
A vector for bad actors. A low price may give room for bad actors to buy in cheap and a lot and come in here abusing the rewards pool or being general nuisances. Feels like a lot of stakeholders have already "given up" and become bad themselves these days, or at least acting that way. So it would suck if someone would pick up a bag of it now when most of us here have had to earn/invest at higher levels and potentially sacrificed a lot of time/effort/opportunities to stay invested.
Baghodlers. We've all become bagholders now, everyone who sold is currently in the "right". They sure showed us! But are they going to be able to get that stake back by purchasing or earning it if things turn around? Who knows!
General sentiment. Yes, certain things suck and people taking that out on others only adds on to the general mood and bitterness and compounds. It's hard to be human during times like these and it's not like the rest of the world is having it much different. Struggle to make ends meet, keep the jobs you've had, everything feels and probably is heading in a bad direction. Ask yourself why companies have spent over trillions of dollars in AI these past few years. Spoiler, it's not to make your life better. I probably don't need to mention all the other things going on as I'm sure the news is capitalizing and spamming you enough about that. Web2 socials are enforcing their walled gardens more and more while their users are being replaced by non-humans at an alarming rate.
Anyway, enough bad stuff for now I guess.
One thing that may be positive out of this that many may not think about:
Entry into Hive and further decentralization through distribution of the token. As a DPoS chain, hive becomes stronger the more spread out it is. While most of the existing Hive currently resides on exchanges (hopefully safe and actually belonging to a lot of unique people), it gives way for people to enter our ecosystem at a lower price point. When the next billionaire comes knocking on our freedoms, we may have more unique people voting for real witnesses to keep things as they are.
Maybe not the best one there, but, what do you think is the silver lining in all of this?
10% going to commentrewarder.