Value In Hive Engine Tokens?
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I think many things we do today are what if scenarios and nothing more so than Hive and Hive Engine. Everyone is looking for the next what if.
I have tried to imagine what this place looks like in 5 or 10 years time and it is impossible as who knows. I do believe many will be kicking themselves though having squandered their opportunities.Things would have changed somewhat as just in the 2 years or so of being here I find myself on a fork and another coin. Who could have predicted that?
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Once users start digging around they will see so much more than just a blogging platform.
This is why I believe the tokens we have backed by Hive in the Hive Engine will play some part. Communities is where the growth has to come from eventually and knowing which one will do well is the shot in the dark. Call me simple for choosing Sports as my go to token as I believe like a few others that this is a sure thing. If it doesn't pan out then it doesn't as it is not the end of the world, but what if it does?
I have around 34 Million of them and aiming now for 100 Million which sounds stupid I know. One has to keep on reminding oneself that these tokens are backed by Hive though and makes a big difference in the overall picture.
These are my thoughts and why so maybe I am not a total nutter after all. Lets say you have 100 Million Sports and Hive over the next 10 years makes it up to the $10 value. I believe that is not that unrealistic and hope it would do better than that overall. The snowball effect is enormous to what it now does to the tokens in Hive Engine.
Not only will it attract new users who will also be holding some of these tokens but the overall picture changes entirely. The tokens I am holding now are only worth around 1000 Hive so 3 x that with 100 Million would now be 3000 Hive at $10 Hive is $30 000 in value without Sports going up in value from where it is now. I see it going up a fair bit eventually so that can easily be 10 x that so a possible $300 000 from just having a few Sports. Sounds crazy right but I do believe it is possible given the time frame allowed.
This scenario can be played out with most of the other tokens as well like Steem Leo which has held it's value rather well through these times. I can see why others are buying them during what I see cheap/wholesale times and are just stashing them away.
Don't forget to post from the communities that are appropriate to your post as one day it may mean something to you literally.These are my thoughts and in no ways investment advice as who knows what and where the next big thing is coming from. It is all what if, but never overlooking the possibilities around us.
I forgot you had all those sports! It's quite an achievement. I hope it works out well for you!
One can only try and if it does then great. I may as well keep going and put both feet all the way in and see how many I can accumulate over time. Pointless selling them for the pittance they are these days and just adds to the portfolio where we have no clue if there is value or not.
Yeah, when the values is low it's best to hang on. You never know!!
This doesnt sound stupid at all. Going huge on a token that is to one's liking makes a lot of sense. My view is that I don't want to be right and make a few hundred dollars. If i am right, I am after life changing money.
The interesting thing about HE tokens is they are paired with HIVE so , in theory, as HIVE goes up they will go down. The value in HIVE will still be felt so it is just a "paper" difference.
However, that is in theory. Markets are never a 1 for 1 deal. Thus, you could see HIVE, as an example, double while the price, in HIVE, of SPORTS triples because of more growth.
This is how one can get an exponential return.
We could well see people having more money in the HE tokens than they do in Hive.
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I also believe that one has to go big or go home as they say. No harm in trying ones luck as nothing ventured nothing gained. If you are going to post you may as well use the tag and be rewarded anyways without milking the system. lately I haven't put tags on like I could have as I believe you should be posting form that community or at least talking about it to benefit if you are tagging.
I get it. I think most of the token will fail and zero but there could be a few that do very well. Just like the past few years of crypto. Leo and ctp are building. Dec has a value and again we are just at the start. All it would take are a couple of popular projects to build on hive and everything lifts. I still think we are on the best blockchain and now is the time to stack hard.
I think any token that has a community and is of interest to the masses has a chance no matter the volume of that token. Sports is for the masses and will attract a bulk of the new users in the future I believe. Haven't heard of Dec so need to have a look.
Dec is just the in game token for splinterlands and has a lot of use cases so good buying pressure.
Sports would be the same if the team behind it push for more. Use case for the token and ad revenue would help. Leo finance are doing a great job on that side and really pushing the token higher by giving it use case. A strong community behind it is essential too which sports is the obvious choice to attract.
I like to understand the tokenomics of sport token.
What are token sinks and how it brings traffic and how the token holders are benefited(apart from curation)
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Not much at the moment to be honest. A game was being developed a while ago and haven't heard much since. Obviously the more you have the more you can support others who are staking and growing by voting on their posts.
I don’t think it’s silly I collect them too, I just think leo has a far better operation going they know how to reduce their inflation relative to their use and putting a lot of buy walls up and removing any sell side pressure and u only seeing it get better over time with more users and page views brining in bitcoin revenue through 3rd party ads
I believe sports is an untapped giant it can be worth so much more if they adopted a leo approach and started cutting supply more aggressively especially with things like tribe tax
I also think having a complimentary sports betting dAPp would do well for the token
I also believe there is so much room to do so many things with sports. I heard that a game was being developed but haven't heard much since.
Obviously I have biased perspective, but I see the value that LEO brings as a second-layer token/community on Hive and realize that we're just scratching the surface of what's possible.
We've onboarded some non-hivians to the chain and they are happy that they landed in a community before being unleashed to the vast ocean of Hive. It can be daunting to join up on a new chain, so I think communities like ours can provide people a great deal of comfort and a crowd-sourced knowledge base. It all makes a huge difference for both LeoFinance and for Hive 🦁
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I am very happy to hear what you guys are doing and strongly believe users who start off in a community are more likely to stay long term. Nice work on what you are all doing.
Thanks :)
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Very interesting thoughts! I am a little disappointed that we haven't seen some more breakouts in the Hive-Engine market. I agree with you that there is a lot of value there.