RE: It's Time!
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i only have one concern: the constant SELLING PRESSURE on HIVE from people converting HIVE to other assets for DeFi.
Why can't LeoFinance build Defi on HIVE? Why is it some other chain: eth, bnb, thorchain now. Why does NFTShowroom make you convert your Hive to something else to post and buy?
Unlike SOL, ETH, BNB... HIVE continues to be sold for these other opportunities that are advertised as HIVE. They are not. They are draining Hive all the time, constantly putting selling pressure on HIVE.
IF we could build actual DEFI or NFTs on the HIVEchain, then it would be a liquidity lock and help HIVE price. But until then, people will continue to SELL SELL SELL hive for opportunities.
There is nothing wrong with LeoFinance, but the realities should be discussed. I have been blocked by LeoFinance on Twitter for calling this out.
Lol, sorry to hear you got blocked on Twitter by leo. I don't know what to day about why DEFI is not built on Hive. I suppose it's a question of connectivity, bridges, oracles, I'm not an expert in technical things like this.
But I would not be worried about the selling pressure either. Selling has to happen as that's how it works but that doesn't mean it's going to ruin Hive. Those who believe in the platform are more and more and will the new developments we're going to grow faster.
Posted Using LeoFinance Beta
Thanks for the reply. Im ok with being blocked. PlanB and the CryptoLark blocked me too. I'm aware that my "tone" turns people off sometimes. And especially if I am talking about things crypto related, people can take it personally. The fact they blocked me only confirms I was probably right, that the DeFi that asks one to sell or swap their HIVE is actually causing selling pressure. Then those people become Whales and can take advantage of Subtle swings in price and dump for larger profits to add to their projects. I've been with STEEM since 2016 and there was always something like this going on. It's ok. BUT YES, if DeFi could actually be built on HIVECHAIN, then HIVE would rise steadily as that HIVE would be locked up. All good. Thanks for the reply.
I'm attempting to host a HIVE Twitter Spaces every day this week from after New York Markets close. 4:20pm East Coast / 2:20 pm West Coast.
No worries if you can not stop by. But just inviting you and feel free to share with others. Making a post now for it. Just a public place to chat any and all things HIVE! :)
https://twitter.com/allthemoneys/status/1485584695572135938?s=20
Posted Using LeoFinance Beta