Looks like it might be a good day for some of my tokens, as Hive is making a formative move into what I hope will be a nice spike that'll shake some coins loose that I can pick up on the turn. While I do trade HIVE a little, many seem to have a price in mind for what they are willing to sell their "bags" at, but I wonder how many actually will be faithful to that figure.
I know that even now, I have already sold and bought back for small percentage gains, moving the next sell up the ladder a little - knowing that eventually, I am going to miss either side, where a spike happens to clear me out, or it doesn't dip hard enough to fill my buy orders. Luckily for me, the amounts I am playing with aren't that significant and, I don't mind being stuck with a little BTC on this.
@organduo was mentioning "crypto coffee dates" with his wife @laputis, where they would go and grab coffee and cake using crypto. This is a good idea and I think I should have been doing the same with my wife - not because we don't go out occasionally, but because it would have proven to my wife that it is indeed usable and not fake internet money at all. Perhaps then, she would have seen the potential and agreed to buying a couple Bitcoin in the 5000 range last year. In my desire to hold, I failed to consider the human condition of my wife, someone who isn't literate in the ways of crypto.
The price hit 54 cents on Binance, which is great, but far too cheap for where we are heading in the coming months, so I am looking to play a little and see if I can increase my stack. Of course, traders will nearly always chase ROI, and there are likely a lot of other tokens out there that can offer a higher potential than HIVE, but what else do they offer? I think many are going to be pump and dump opportunities, where many will end up holding the bags.
I have never understood why people take glee in leaving new investors with the bags, yet want mass adoption of the industry. It has to be about building useful products and services that will not leave bag holders, they will create customers. Once the focus moves from speculation to sustainable business, the entire crypto industry gets ratified in the minds of the mainstream and the hype in the media isn't around price, it is around project.
This is much like the electric car industry, where only a few short years ago, the articles were about generalized electric cars, but now the articles are about individual models. This is what is happening now, where news media talks about crypto and bitcoin, but later they will be talking about Hive, Splinterlands and Leo Finance directly. The power of the mainstream media to shape public opinion is huge and once the initial hype on price phase is over, they are going to "ape in" (as @edicted would say) on shilling projects, as they will want to be part of driving the hype train for news and views.
I am glad that people are getting excited about price and I really hope many will sell a bit and make "real" their time and investments in some way, so that they don't end up in my position, with a partner who doesn't get - didn't get it. She is learning. The other thing I hope is that people realize what it feels like to have a vote on their stake that distributes considerable value to the people they enjoy here, as it feels great. 50 cents, 1 dollar, 3 dollars....
This year has the potential to be mammoth for Hive, the kind of year that will make the following bears - bearable.
If you are going to hold bags, make sure what they hold is useful.
Taraz
[ Gen1: Hive ]