The Honeymoon Period On Hive Is Ending
I have been into crypto a good few years now and I have learnt my lesson on many occasion when it comes to forks. Buy the rumour sell the news is the best piece of advice in this game. I have a nice car sitting in the drive for this reason mainly thanks to Antshares and Iota. While it looks all sunny in the hive blockchain I do think it was a rash move to leave Steemit behind. I have invested in Steem over the couple of years but after all the drama with a new owner coming in and the freezing of his assets, I lost a lot of respect for the this whole system.
Hive set up and gave me free money so I was happy about that. I think the Hive team are going to find it very difficult. They really just duplicated Steemit onto another blockchain with all its problems and in fighting and little consensus. Pretty much like a couple with marital problems buying a new house in a new location to see if it works outs. Now you see little front end improvements here or there but its still gonna be the same. No activity on Hive, everyone on Discord and the same people skimming off the top talking through both sides of their mouths that will bring the blockchain to its knees. Hive has warning signs written all over it. The honeymoon period is ending when people start powering down their free tokens and selling off. We have seen it already with the price today. Justin forking the Steemit witnesses steem holdings. Well they did that to him so what goes around comes around. Hive price crashed as a result. This is going to go lower. I am glad I sold some at a decent price. I would be mad not to. Meanwhile @justinsun is left with a blank canvass and a reputable blockchain. I can see people heading back to Steemit in a couple of months and Hive becoming the next Weku. Community this and community that. If it weren't for @curie and a few other initiatives like @freewrite and powerhouse creatives that were not backed then all you were left with was a couple of numpty's doing selfies of their fat head or a guy posting graphs to get autovoted.
I remember Bernie saying in a post what is the point of powering up? So you can upvote other people a good chunk of change. Unless you are upvoting yourself then there is no point powering up. That resonated with me. I am kicking myself for powering up because I sacrificed liquidity to become a bigger fish in a small pond. Now I have to wait to be drip fed when I own so I can invest in other projects such as EOS voice that I see massive potential in. Cyrpto moves fast and in two weeks time it could be a total different story. I see major bag holders and big names giving out that their Steem being locked in on Binance. If they were so loyal to the blockchain why were their funds powered up in the first place.There are alot of shady dealings going on high up on Steemit. @akiroq did a great post about this last week (on steemit) because she is barred from the decentralises Hive. 😂😂 Maybe we should check out who is bringing the price down on Hive. It might make for some interesting reading. But we can always fork again and then I will be copying and pasting on 3 platforms and milking the system like the rest of them. See you all back on Steemit in a coupla months!!