Simple Supply And Demand
There will come a time when the demand for HIVE will outstrip what is available on the exchanges. This will eventually fuel the price as it is a simple supply and demand scenario. Don't be fooled thinking this cannot happen.
When we see a current supply figure of 386,733,142.62 (386 Million) is sounds a lot but it isn't in the bigger scale of things. If everyone acted like we do then there would be no HIVE available as in my case I had 0 back in 2018 and now have over 72K which if divided by the supply equates to only 5300 users with the same stake. There had been 828 000 users who had signed up before me which would have equated to only 466 HIVE each yet everyone thinks so differently and why we have the HIVE price where it currently sits today. HIVE has over 2.4 million accounts which is only 160 HIVE per account if divided equally. Many are dormant or users who left, but still the numbers don't lie how easy this will be to raise the dollar value of HIVE.
The mindset of users joining will vary, but there is always going to be those that will stake seeing the bigger picture. The users today are different from 4 years ago as today Crypto is more about staking and being able to earn. What I don't understand others not seeing is that there is actually less HIVE available each day as more and more is being powered up. That HIVE Power not only increases the influence one has but also allows them to grow even faster. The more users who follow these actions over time the scarcer HIVE becomes.
In 4 years the account growth has risen by 1.6 million accounts which is roughly 10 000 accounts monthly. This is not terrible considering we are all still early so over the next 4 years expect that number to increase considerably. Doubling it or tripling it is not out of the question all requiring HIVE Power to do the everyday actions due to Resource Credits. If each account had 50 HP staked which is nothing then we would have little to no HIVE on the exchanges.
FOMO is a natural human weakness and at some point has to come into play as it will become obvious that there is leas and less Hive available. A $10 HIVE is nothing considering where this can go and why having the HP is so important for everyone as earning HIVE will be so hard to achieve when things get real.
Posted Using LeoFinance Beta
Based on this projections, the price of Hive will definitely pass the $1 mark in the coming years (maybe months?) because there will be more demand than supply. The more scarce something is, the more valuable it is perceived.
Where will people be able to buy Hive when there isn't any or enough at the exchanges?
Posted Using LeoFinance Beta
You have made very good points. Assuming constant demand, each created account locking up a small amount of Hive Power acts as a sink reducing the overall supply of HIVE. Accounts created and small amounts of HP bought and locked up in them just has to keep pace with the total inflation. Given that there will be more apps like Splinterlands, it is more likely than not that this will come to pass.
I agree it is more likely to happen than not and it wouldn't take much to happen either.
Posted Using LeoFinance Beta
The fact that the network offers the ability for regular people to simply trade their time to earn HIVE, is an amazing opportunity.
There are going to be some amazing, life changing success stories when the inevitable repricing occurs.
Posted Using LeoFinance Beta
Absolutely true there will be many interesting stories coming out as everyone will have something different.
Posted Using LeoFinance Beta