RE: 2018 vs 2020. A horror story...

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Honestly I think the biggest problem with this sob-story is that it hasn't completed yet. We've still got one more year to go before we complete the next Bitcoin halving market cycle. We're all on this clock, whether we like it or not.

If at any point Hive is trading at or above all time highs again all these comparisons sort of melt into the background and become irrelevant... or perhaps that's just what I keep telling myself to retain sanity.

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We've still got one more year to go before we complete the next Bitcoin halving market cycle.

I've seen you discuss about that cycle. History might repeat itself, but if it was that easy everyone would simply wait...and start investing when we would be close to that cycle...every 2-3 years. They would take their profits and reinvest 3 years later. Don't get me wrong I DO want history to repeat itself...

If at any point Hive is trading at or above all time highs again all these comparisons sort of melt into the background and become irrelevant

True, yet unless we give people reasons to hold HP I don't think it's gonna happen any time soon. Not even during a bull run actually.

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but if it was that easy everyone would simply wait...

You say that... AND that is what SHOULD happen, but then human psychology comes into play and everything gets extremely irrational (especially when dealing with vast sums of currency).

True, yet unless we give people reasons to hold HP I don't think it's gonna happen any time soon.

I think it's weird that everyone seems to exclusively focus on this. What reasons to users have to power up their Bitcoin? Oh wait, there is no such thing as powered up Bitcoin. Every price point is "simply" a matter of buying vs selling pressure. There are thousands of variables that go into each side of that equation.

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It's one thing to provide liquidity or place a sell order and another one to "kill" every single Hive token one earns.

I had an interesting discussion the other day in discord with a guy, I won't name names. You know what label did you use for Hive? The blockchain of the poor...I was like "wtf are you even talking about bud"?

The conclusion, his conclusion, was that there are far more poor people who simply blog and kill their rewards trying to make a living off of Hive that the price might never recover...

Sure for every seller there's a buyer but whales already possess tons of Hive and they will only buy again probably when price goes 50% down from where we are now. And they'll strengthen their position...And that's how a "decentralized" blockchain becomes "centralized"... That's what everyone should do imo. Strengthen their position. Not just whales...

So ya, there's not such thing as powered up BTC but Hive is be default a place where holding HP matters.

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