Monday Market Musings | Week 7

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Heavy Musings

Hey BROs, it's Monday again. Time to share some musings about the market. And this time I want to talk about Hive. What are your thoughts? Did you also hope that Hive would have joined the rise of Bitcoin by now? I mean, the last time Bitcoin was at 52K USD, Hive was in my experience higher than the 33 cents it is now. Now it may be that my memory is deceiving me here and that it is just a wish of mine, but I feel like Hive is lagging behind the developments that I see in other cryptos. And if I am right in this, (please confirm from you), what could be the reasons for this? And more importantly, is there anything we can change about this?

Marketing?

I regularly hear messages left and right about how Hive's marketing is lacking, and somehow I can only agree with that. What's currently happening in terms of marketing for Hive? Of course, I know people are sharing their blogs left and right on X, but can you call this marketing? It provides visibility within a select community, for sure! But that is the community that has known that Hive exists for years, and who has therefore either been present on Hive for a long time or not. The people who see the blogs are the people within the crypto community in my opinion. And I think for most blogs that are shared, it is only people from the Hive community, so they are already present here.

Time to change?

Now I'm not a marketing whiz myself in the sense that I have had training in marketing or something like that, but even with my blonde mind, I can still think that if nothing is done about marketing, except continue to tap into the same source for years that nothing will fundamentally change. I am also not very familiar with the technology behind Hive, but what does raise questions for me is how our DHF is used. Paying out so much HBD per day to fund the development of projects will surely be reflected in something. And I wonder whether the costs of funding the projects are not reflected in the Hive price. And that shouldn't be the case. Funding the development of all these projects should help Hive grow, and should not create additional selling pressure for Hive itself. Because when it creates extra selling pressure for Hive, you can say that every stakeholder, most of whom have to blog very hard to build up even a little bit, will suffer from the DHF funding for the developers. Don't get me wrong here, I'm not accusing anything or anyone, but I hope someone can give me a good explanation on this. Remember, these are just musings running through my head!

Less comments

Another thing that I have been thinking about more often lately is the lack of engagement that I notice. Admittedly, I'm guilty of this myself. Setting up automatic votes is easy, and it looks like most people are using it. And the people who vote manually often vote for the same people, regardless of the quality of a blog. It happens less and less that you find well-thought-out comments under your blog. And this part is a shame, this part of the engagement that gave you the feeling of having found a 'digital home' seems to have disappeared. How do you experience this? And what can we do to get this piece back? Although this no longer has anything to do with marketing, a blockchain that truly operates as a community is certainly more attractive to other people.

Are we still a Community?

What I mean by this is this, we often call ourselves "The Hive Community", but are we a Community? As far as I can interpret the concept of "Community", the most important characteristic is "Connectedness". People have bonds with each other and feel connected, it does not matter whether this is created by shared interests, it can be the same values, the same goals, the same culture, or the same location. But this connection creates a sense of solidarity and support within the group. Then you speak of a Community.

Having a real Community often creates many advantages. Think about:

  • People within a community are there for each other. In times of need, the Community comes together and offers help, advice, and comfort.

  • Communities work together to achieve the common goal. This often involves, for example, improving the living environment, organizing events, or working on tackling social issues. Of course, we have seen something for the Hive Community on Hive. Just think of the Hivefest every year. Super! (I think, I have never been there myself). But shouldn't our biggest goal be to make Hive more known? and therefore let Hive grow as a crypto and as a blockchain so that we can all benefit from it and not just "a select few"?

  • Communities help individuals feel connected to a bigger picture and provide a sense of identity and belonging.

  • Having a community to fall back on contributes greatly to the well-being of individuals in the community through social interaction, friendships, and a sense of place.

  • Communities that are highly connected are resilient and usually better able to overcome challenges. We have already shown this when we forked from Steemit to HIVE! But where has this solidarity gone? How long can we withstand the challenges if solidarity disappears? And how long can we survive if we no longer have solidarity, no support for each other, and no ability to attract new members?

In general, for every Community, the connection within this community forms the core of its existence and functionality. And that makes it the most essential quality for the well-being and growth of the community and its members. So in our case, the feeling of solidarity as a Hive Community would be the most essential part of the growth of HIVE.

Please enlighten me with your thoughts about this!

Feel free to leave your thoughts in the comments. Again, it's just my "Monday Musings", I don't want to offend anyone. But just wondering... where are we as a Community, where are we as Hive, and what can we expect?

After these 'heavy thoughts' it is time for me to wish you a nice week.



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16 comments
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This post has brought out facts. Which when closely analyzed will show the cracks in how hive is functioning at the moment. A few people are winning at the expense of true building.

The performance of hive on the market leave much to be desired. My fear is the day we have a black swan event and the market prices crumble hive will have a lot of work to do and much of the work we need to bring in adoption and grow the platform has been neglected for some time.

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But will it be analyzed accurately? That is still very questionable, it seems that there are enough people who benefit enough from the way things are currently done, and they probably find attracting new users less important. After all, they are completely content with developing new apps, dapps, and projects, circulating money, and seem less concerned about the organic growth of the blockchain

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HIVE is weak due to the lack of large buyers on the Korean exchange, there are a lot of HIVEs there. I think that in a bear market HIVE will fall to $0.10. But we have HBD and 20% per annum, we must not miss this opportunity in a bull market.

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Just the fact that we still have the 20% on HBD doesn't mean that that's good for HIVE. Maybe it's even hurting HIVE because now people want more HBD instead of HIVE. We need to create a buy pressure for Hive, and we can not expect people who don't know anything about HIVE to buy it, right? We also can not expect people to buy HIVE if they don't know it exists or what is possible with and on HIVE. So there's the marketing part we're lacking.

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Engagement has gone down for sure. I think we are still too early in the bull to be expecting big moves from Hive. It's sad, because I have noticed there is a lot of negativity in the Bro Discord lately concerning Hive. I'm not saying it's perfect, and I agree with many of the problems those people express, but it just wears after a while. They clearly still stick around, so it must not be all bad. I think if got your stake by investing versus just posting you might have a different outlook. I'm still positive on Hive. I think it has a chance to do something still.

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Oh, it's TOO early in the bull run, (are we even really in the bull run yet?), to expect big moves from Hive. I certainly didn't expect Hive to be around 1/2 dollar right now. But I would have expected something higher than where we are now when BTC would have broken through 50K USD. I didn't even really notice the negativity in Discord, as you may have noticed, I am less and less active in Discord myself. There is that thing called "Life" that demands more of my attention. But the doubts about the functioning, in other words, lack of functioning of Hive, the marketing part, in other words, the lack of marketing and therefore lack of growth of HIVE, that is impossible not to even think about.

After all, we all want this blockchain to succeed, we don't want it to die due to a lack of interest. The possibilities here at HIVE are enormous, but if we don't make that clear to people who are not yet in crypto, what chance do we have? People who are already in crypto have only chosen to become active on HIVE in very small numbers so far, why? And how long can we continue paying out 16K HBD per day in this way if there is no HIVE growth in return?? Money doesn't grow on trees, not in real life, but also not in crypto.

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Like I said, I don't disagree with some of the critiques, but it's just a bit depressing to see so much bashing on something you have put so much time and effort into. I'd love to see us grow into something great. I think the potential is there and I don't have the answers that can turn things around.

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I agree with you that it is depressing, but burying our heads en masse in the sand and continuing on the same path will not solve the problem. We should look at how things can be changed and improved to move forward again. Standing still also means going backward. And I think real growth will require a major mindset change from everyone at HIVE.

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It's gotta come from the bigger accounts though. The mid-range and smaller accounts run the risk of being downvoted into oblivion should the bring up any of those points. No matter how valid they are. The risk is just too great. I don't think it's that people want to put their heads in the sand (maybe some do), it's that they don't have a choice.

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Unfortunately, you have a point here, but isn't it completely crazy that it works this way on HIVE? This was never the intention of a decentralized blockchain, was it? How decentralized is the chain then?

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I don't disagree with you, I'm just pointing out the reality. Like I said, I don't have any solutions.

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😞 I know, I don't have solutions either, but, sadly, it can't be discussed. It would be an advantage for anyone on the chain.

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(Edited)

Thanks for raising valid points about Hive's growth and the need for improved marketing and community engagement. Engagement is what I feel will make people more connected to one another and bring us together. I am confident that working together will secure a promising future for Hive and make it better a better place for everyone as time runs by.

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Personally, I think that HIVE doomed itself when it raised the interest on HBD to 20%.

HBD is guaranteed by HIVE. So, we have a multi-million dollar loan against HIVE that is paying 20%. Would you invest in an equity that is holding such a loan?

Sadly, I've noticed that people who are engaged with the inLeo project have stopped engaging in the HIVE forum.

I fear that the HIVE community is hopelessly fractured.

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Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment STOP below

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