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Today's topic
The recent Continuous decrease in POB token price, do you think is any related to the having difficulty in accessing the tribe via proof of brain front ends, and what do you think can be done to have an increase POB token price?
Topic from: @funshee
- Notice: the proofofbrain.io front-end is having issues on some device and i believe the technical teams are on it but in the mean time download hive keychain on playstore and navigate to browser and use the browser to access proofofbrain.io and expore what you want.
Thanks.
Great topic here today
I don't think so.
Leodex is very different from proofofbrain and proof of brain website is not where to sell pob so that's not an excuse for those that are panic selling.
It's not proof of brain having this issue, it is the whole hive blockchain having this issue in general.
I visited hiveblock but it isn't going through. So proofofbrain front end isn't the reason why pob prices going down
No, I don't think so. Sellers Sell POB through Hive Engine, Tribaldex or Leodex. Until they have access to it they will keep selling.
Harsh Reality is There had always been and there will always be People who will keep selling their Tokens no matter the Price. Because for them it's just a Token or Easy to get Money method.
First of all we need to maintain a Standard of POB, some users take POB for granted because of good rewarding service of the community. That should not be the case, I fear of this goes on we might end up like other Tokens BHT, Lern, Neoxian etc.
We need to create scarcity of POB and that could be done via Burning and Staking.
An advice to all panic POB sellers, Staking is the best option on POB, it's the best investment but If you don't want to stake its your choice but please make a vow to yourself to don't sell POB much cheaper, try to hold your liquid POB and wait for Price Push unless it's very critical. Meanwhile try Delegation method, You can delegate your POBs to Top curators like @scholaris.pob, @onealfa.pob or if you want to profit from delegation too then delegate your POB to @brofi and receive rewards in BRO coins. Make a threshold limit price for yourself and stick to it no matter what i would not sell below this price, that will definitely help in giving stability to POB Price.
An individual creating a threshold price value might likely help in containing this Continuous downward POB token price.
If not i fear for the price, the way is going presently.
I'm not afraid. If POB nose dives I get discount POB to stake.
POB will be back overnight.
0.1-0.2$ should be the end limit for POB, from here it can rebound back. But I fear if we go below $0.1 mark that will create more pressure and might leave serious long term effects. Moreover I see POB is having an active daily trading volumes, people are constantly buying and selling, it ok for now as we have few top users constantly buying and staking. But how long that would be if we don't invite more support and better use cases. Also 21 Million supply is way to much and far ahead to go, we only achieved 1.5 Million now. Current Token Burn amount is below 1%, that should be increased. Recently Cinetv proposed Token Burn proposal, we might need to do the same in POB too. 🙄
I agree. 2 cents would be fine for a short time, but under one cent is trouble.
We have to get pobbing on the R & D. Personally I don't see any rush but we need to be consistent. So far I see no actual plans for any increased ecosystem or usage. If the is nothing done within three years then POB may be over. If we look around it is obvious that gaming, NFT and metaverse are where the tokenable internet is today. As for the future I get dizzy. The possibilities seem endless.
Burn sounds like an ok idea, but not good enough. One way to burn POB is promoting posts.
That's another sweer angle to this.
as of now #pob price is defined by the price order which an individual is willing to buy or sell, which is quite bad, pob should have its value which individuals can't manipulate
This present pob token price can be manipulated easily because there are a lot of whale hodlers and stakers in this token.
Out of over 1.4 million pob circulation, only the top 10 rich list hold half of the present circulation and only one person hold 20%.
Maybe that's some people's wish, but it is impossible as real money is used to buy and sell the tokens not imaginary numbers. An interesting thing to consider is the actual price of the token. If someone buys POB for 10 dollars today that is not the actual price you will be able to sell your POB for. The next day it can go down to ten cents. It just means a certain number of tokens were sold at that price. It doesn't reflect the entire value of POB but the value that one person felt POB had for that moment. That pump though would have an influence on the price for a short time. The value of a token is in how it it is used and by how many people and how often it is used. There is also value in the plans and ideas of a token. So POBs value is very much dependent on its users.
I totally agree with your summition above base on the fact that POB standard should be really put in place eg POB should be the agitation of itself,not going through a long process Been converting to hive first.also the more Of our engagement the more POB is see to be standard, because I can't imagine by this time we ar just see few comments and engagement since morning the question was posted.
People are not realizing what they are losing by selling POB at such a low price. See for Hive itself, what kind of price hike we have witnessed over night. In no time POB might witness the same, people selling reduces the price, it's just a matter of time when a heavy buy would sky rocket the price.
Good morning all nice question from you @funshee
Yes I believe it is actually the difficulty in accessing the tribe through the proofofbrain front end that as created fear to some people to start selling up the token.
Especially for those that never see any future on the tribe... But I believe for we that have the believe and optimistic mind we never be shaken with just a little challenges
Well some are people are fear about the proof of brain end, but is not everyone that will sell there POB.
I didn't thinks that is any related to the having difficulty in accessing the tribe, the reason why I said this is that Even when Pob rise there is no difference, something went wrong somewhere that is hidden too everybody,that on one notice it.
But the only solution I can say is that everyone should stake there Pob this will really help, I think this idea should also help.
If people can stake dear Pob as many as possible, there should be no more falling off Pob, staking will help a lot
About the price:
It's because the POB so far is just that. A cool, open community with an interesting way of how the token is made.
But apart from that it's just that.
So, the more POB left on the market without using stakes or the like, the less pressure to buy. Since you have no use for it other than selling.
I'm not a programmer, or anything in this area, but I would like to be able to create something to use the POB, make the token be used in various things.
As for the problem on the front end, just use the hivesigner. I myself had no problem with that about what they were reporting around.
I personally think, not on the basis of any stats, that the engagement has gone way too low over the past few days. I am a part of POB talks, I have been a constant rewarder of amr's engagement program and I follow contests as well. I have seen a huge decline in overall engagement and that I think is the prime reason for the price fall.
Any social media platform or community relies heavily on its members' engagement activities and if that is consistently increasing and improving, downfalls are difficult to be witnessed.
The inability of the proof of brain working can cause a lot of discouragement to the members of his community to lack of being upgrading.
A great project must work on this as fast as possible and secure a great potential for their community
Pob community has to be consistent from now on always and avoid many errors in order not to limit it community future.
By working on there website and try to upgrade many things and make its server easier like ecency
Hello
That can't be the reason because that's not the only way to operate proof of brain community, there are many other ways to operate improve of brain community like the hive keychain,hive engine etc
What we can do to increase pob price is to create a room for higher demand of pob token and how can we create a higher demand of pob token, We can by adding another pob use case apart from pob staking
What can we do about pob price?
It's very simple what we should do is that we should reduce it circulating supply in term of liquid pob or unstaked pob. We should let all pob be staked to increase its scarcity.
To me is not because decrease of POB does not go with the proof of brain front ends, there are two different.
I will say POB decrease base of the increase of hive and with time it will still increase.
pob price as been low since about two to three days now, i think alot of people are finding it difficult to use the proofofbrain.io front-end, and instead of hold liquid i think they sold it off .
when i saw it on the #pobstreet post i am happy to find the solution here, so many other people will also find it helpful alot
Yes, so many sold the liquid off, and the price of POB is low, but we should not be discouraged.
The price will be high again
Hey everyone is a mid day of the week,been alive I use this opportunity to greet you all with the best greeting that surperced all greeting in this world and hereafter which is asalamu alikum warahamatulalhi wabarakatuhu meaning may the peace and blessings of the almighty GOD be with us all and may his wisdom locate each and every one of us here in the streetpob,ameen
I equally wish us all the best in our engagement this morning also Oru interaction should be the best of all in the POB community.
This morning when I was going through the head line today and I was shock to see a headline saying about undergraduate at public universities,and I ask myself is this really, a whole federal government talking about pulic Universities which favour the poor citizen of our country first in history.
So to me I want us to look in to the headline and see how we can make this our noble country go forward?
Despite the challenges that is occupied in pob market each day I we not relength to do my normal hustle which I advices everyone to do so.