When we came over from STEEM, we were powering down on both platforms. There seemed to be little reason so get invested on either side, and so much potential on the hive-engine platform.
I am happy to say, this went really well. From LEO more than 11x-ing our entry price, to ARCHON and ARCHONM's great success in the 4x-5x region, buying BRO at 2-3 hive and getting all those great dividends along the way, even playing dcity, and trying to play it differently than everyone else, we have had some great success. GAMER, WORKERBEE, DHEDGE, MPATH, hive-engine projects have really prospered. Even Splinterlands and its related tokens are pumping.
From that success we are looking to claw back some of these gains and power up.
As I close in on ORCA for the first time, some might find it strange that I am powering up at all, since keeping it liquid is required to 'play the pumps'.
While if HIVE ever 'pumps', I would sell some, I still think HIVE has a lot more sellers than buyers. There is a ton of slack, so if I were a betting man, and I suppose I am since I move tokens around a lot, I would say we are still in the accumulation phase.
15 cents is not really a pump, tho if you buy it back at 12, congratulations you are a successful day trader.
What does HIVE need?
Hive, in my humble opinion, needs leaders, leaders that have their own great projects that use hive (and not for funding). There are a number of problems that I basically have no hope of anyone else fixing. I may be crazy, but I have decided to power up during this continued period of low accumulation to increase my 'influence'.
Of course, we are going to need millions of HIVE to make a difference around here. Which is why I am glad that I'm not alone.
For starters, @ecoinstats SYNERGY FUND is powering up, and has over 12k hive power now. @brofund is over 33k HP and powering up. @archon-mining has over 7k. I am happy to report that the dcity rewards pool is nearing 200k hive again! Most of this hive is powered up and used to curate around the platform.
This is honestly a huge risk for me. I think about it all the time, still waist deep in
POS DPoS unfixed governance model with 30 votes for 20 witnesses. 🤦♀️
There is a really good case for HIVE to continue to float lower, including vast outstanding supply and a surprisingly low understanding for what makes this technology good, especially among top 'team' members. A huge risk for me that I must admit, is the idea to completely remove the reward pool, and idiotic idea along the lines of the EIP - 'well, since we were wrong about that, how about no body earns anything anymore?'
But its a risk I can take, HIVE is still a place where builders can build, transactions are free and very fast. New layers are under construction, and after 3 years I am very familiar with most of the builders, and them with me.
This post is a reminder to me, and perhaps to you, to take profit while prices go up, and think critically about where your value is stored. The next year or ten is set to be a very interesting time - I'm not waiting for anyone to 'pump my bags', I'm buidling.