Crypto prices are going up and how this will affect activity on Hive
I've been around on the blockchain for quite some time. According to hiveblocks, it's now 74 months but sometimes I question their way of counting. According to them, that would be more than 6 years but I joined in 2018. Something doesn't add up... Anyways, I have been here for a very long time and I was active without bigger gaps of time. Of course, I might have skipped a week or two but there was almost never a month in which I hadn't created at least one post.
It seems we are touching the end of the bear market. I don't trust it yet but it seems that the general consensus is that we are starting the next bull market. Let's agree on that for this post.
From my experience activity on Hive will go up
In all this time, I have seen plenty of times a great correlation between the activity on Hive and the price of crypto. When prices go up, people create much more posts. When prices go down, only the hardcore people go on posting. This happened over and over again. I don't think it will be different now.
If prices of tokens continue to climb, I believe that a lot of people will come back to hive and start posting again. When this is the case, it gets actually more difficult for everybody to earn hive because the reward pool doesn't change. So when prices go up, more people post and authors in general earn less from their posts. They don't realize it because it seems that their post payouts has more value. Of course, expressed in USD this is the case but people actually earn less in terms of Hive.
Fill your bags when people are away
That's why people who went on posting in the bear market had it actually much easier to fill their bags. There were less people posting but the reward pool was the same, or even bigger. Now these people have more hive and hive gets more expensive and they simply have more wealth...
I congratulate all the hardcore people who have been active on Hive in the bear market. I hope they increased their Hive Power and can now reap the benefits...
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Hehe you are right! Just enjoying the rollercoaster ride for these few days! Let's see what the coming weeks will bring!
!LUV
Hope it will continue like this week. Crypto is so much more enjoyable with green candles ;-)
Fortunes are built in the bear markets they say ;-)
Good point about the reward value in USD vs. in Hive! I am posting since >6 years and never paused 😁
I believe continuity will always pay off sooner or later :-).
Truly, I can feel it that we are already at the end of the bear market
Let's welcome the bull market with joy, lol
I'm glad!
Definitely ;-)
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Congrats on the more than 6 years on chain! Thats an impressive achivement. You made a very good point and it will be good to see that actually come about and see some older faces reappear!
The more the prices climb, the more people will come back to post. It's like a zombie revival lol
That's why I was thinking that why this platform is full of so many posts. We are all waiting to start of bull phase properly.
The higher the prices, the more posts you will see.
It pays to be active during the bear when some are away for a break. I've noticed that the Hive rewards is always more during that time. Being around for more than half a decade is a great achievement :)
Even if post payouts seem lower, we actually get the same amount of hive and if less people are posting, our part of the reward pool is actually bigger. That's why it's important to keep posting when prices are low.
When people smell money it always appears.
!ALIVE
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ yeckingo1. (10/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
People follow the money but then when the herd is moving, it's often too late :-)
It's great to hear that you've noticed a correlation between activity on Hive and the price of crypto. If prices continue to climb, it's likely that more people will return to Hive and start posting again. However, it's important to keep in mind that with increased activity, authors may actually earn less in terms of Hive rewards.
!ALIVE
!CTP
!BBH
@achim03! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @edgerik. (1/20)
@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ edgerik. (1/30)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Even if our payouts seem to be higher in USD, with higher prices we actually earn the same amount of Hive. With more people posting, our share of the reward pool actually gets smaller.
Great thoughts on the Hive activity there Achim, and yes it's also why we need to keep active while Hive is low and get a shortcut to earn more of it, let's see how it unfolds as it rises, enjoy your day and stay awesome.
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!ALIVE
!LOLZ
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@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ thisisawesome. (13/30)
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If we are really facing a new bull run, the people who went on accumulating during the bear market will feel lucky :-)
Yes indeed.
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I am still not yet sure whether this is bull run actually or a bull trap
I'm not totally convinced either :-)
So true. Once we see $1 or so activity will sky rocket. Kinda crazy.
!PIZZA
Exactly, at these prices you suddenly find people that have disapeared for a long time back posting everyday :-)
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Right now we don't see much of an effect on altcoins because the dominance of bitcoin is so high that if it hits 40 within the next few months then we will see altcoins go higher as well.
Well the bull run has still to get confirmed yet I believe. Normally the altcoins follow later on.
When bitcoin stagnates for a while, we will see altcoins start to move up.
Very cool insights esp. from someone who has been almost from the start :D I feel that there's still much to learn on the blockchain but I'm glad I stuck around through the ups and downs. I sure hope it will truly be the bull market so time to cash in on the hard work LOL :P keep the advice coming! :D happy midweek!
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@achim03! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ aliveandthriving. (18/40)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
In the long term this consistency will pay off handsomly I believe :-). A happy week to you too!
Commitment, dedication, and consistency to a very long way on Hive! 😁 🙏 💚 ✨ 🤙
Made in Canva
I also think it's the best time to build up your Hive position. Like most places, the bear market has pulled a lot of people away and it's much easier to stand out right now.
It's easier to stand out and to earn hive, when people are away. If prices continue to climb, this place will get crowded again ;-)
Wao, that long, you are a custodian of Hive historicity. Nice learning from your experience boss.
!CTP
Sometimes I have the feeling that I've been on hive for a veeery long time lol
I've been at Hive for 1.5 years and that's 18 months. I've never seen a bull market, I only saw .91 cents once a few months after I joined, but I had very little HP at the time and knew very little about crypto so I didn't even think about selling. I tried to tell people what you're talking about months ago. When prices were .25 people almost didn't post. The people who were here during the bear market are the loyal ones and I respect them all. I have long term goals here. Managing projects, participating in projects, etc.
I think that there is a certain wisdom in staying around when prices are low. I started with crypto faucets almost 10 years ago and when btc prices were low, I claimed from a lot of faucets. Later when prices were higher, I owned actually quite a nice chunk of value. It's not different on hive. People can earn in a bull market but it's in the bear market that your prepare to build a fortune :-)
I've been watching BTC continue to climb in value when compared to fiat currencies, mostly because I have a good chunk of DOGE and SWAP.DOGE that I intend to use to buy HIVE to power up. I'm one of those die-hard, hard-core Hivers, as I love and believe in Hive, and I'm all in for the long haul, regardless of the value of Hive assets when compared to fiat. I'm one of the most active people on the Blockchain, and I've been publishing 1-3 posts per day for almost 1 year and 9 months.
What you said here is what I've written about quire a lot, namely that it's during the low crypto markets that our potential to grow here here is so much greater. I've just kept chugging along, building, growing, and saving. It actually annoys me that people come back when the crypto market goes up, as to me that shows their true motivation. 😁 🙏 💚 ✨ 🤙
In finance in general, there is always a herd movement and the trick is to do exactly the contrary of the herd. Because when the herd does something, it's already to late to do it. You invested your time wisely in the bear market by making a lot of posts. It was definitely much easier to grow our stake then than it will be when the herd comes back ;-)
Indeed, I agree with you on that! Thankfully I've never been into doing what the crowd is doing. I've been very accustomed all my life to doing my own thing, and for good reason, as so many people are led to and fro without any awareness that their decisions and actions are barely their own. I knew that during the low crypto market was the best time to build, grow, and save here, so that's where I put a huge amount of focus over the past two years. I'm almost at 3,000 HP, and when I sell my DOGE/SWAP.DOGE, I should easily each dolphin level. 😁 🙏 💚 ✨ 🤙
congratulations to the hardcore people who have been active on Hive during the bear market. These are the people who keep the Hive community alive and thriving, even when things are tough. They deserve a lot of credit for their dedication and perseverance.
They do and they will also profit from their efforts in the long run :-)