I still have high hopes that things will start to take shape in the market. I no longer harbour lofty dreams of face melting proportions but still hopeful.
I've been slowly piling up Hive in the past few months and I intend to continue doing so for the foreseeable future. The only thing that could make me slow down is if Hive gets on a bike and starts riding towards the $1 mark.
Much like most other assets at the lower end of the market cap ladder, Hive isn't doing so well right now. In the past, we use to get flash pumps from our friends in Korea but that seems to have dried out in recent times.
Hive fest is going on right now and there might be conversations about new projects coming along. Hopefully, this could translate to some pump in the value of Hive.
There are also plans to focus on marketing and growing the user base of the platform. Long term, I believe that will have a positive impact on the price of the asset.
I believe that moving forward, we might need to employ tested approaches to growing as a company while still running as a decentralized community. Stake based voting has largely been beneficial for decentralization but it also leads to a distinct reduction in the speed of decisionmaking.
Overall, we need to find a way to speed up processes while also not compromising on our values and fundamentals. We need to retain decentralization while hastening decisionmaking, startup and onboarding processes.
The place of pump and dumps in the crypto market tend to give an impression that we're slow but if you look beyond the numbers, you'll find that we're a young startup cutting out teeth against giants funded by billionaires. It takes time and we just have to keep on improving.
While I would like to see HIVE steady at a higher price, I prefer not having the rollercoaster of pump and dumps. I don't mind the grind, earning and buying while it's cheap, not having to watch and worry about selling at the right time. If it goes up, I want to see it go up like a gentle incline, and remain stable there. It may take some time to get to $0.50, but I think we will see it. I also think we'll see a couple dollars at some point, but not for a while.
It's a good time to build right now, quietly, while people are not paying close attention. This is the time we look back at some day and say "remember when HIVE was under $0.20"?
I agree with @ironshield that slow and steady growth is better than a rollercoaster ride. It's certainly less stressful !
But I think the key has to be growing the user base, whether through improved marketing, new projects, or a combination of both.
But to do this, we may also need to look at the decision making process and scalability. I've argued for a while that payment to witnesses should tail off more gradually rather than having a sharp cut-off after the top 20, which would make scaling easier as the user base grows. I also feel that we need a route to set up nodes for non-technical people. That way, we could have a pool of talent for witnesses that could include marketing and finance experts as well as technicians.