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RE: Hive price is a bit concerning
I must admit, when we artificially pumped in Jan, I powered down approx 75% my stake. It was obvious the DHF among other things was going to have us back in teens even as bitcoin and other crypto's surged. It was obvious and nothing has been done. HBD gets sold and puts pressure on Hive via stabilizer. Wee still be down without DHF issues but by less. It's a mess. !ALIVE !BBH !PIZZA
0.01271655 BEE
The daily budget of the stabilizer is there to print hive to put buy orders under all of the selling from DHF and Value plan funded projects and people selling hive.
At the moment we are printing HIVE to fund 14,750 USD per day of spending (most of which has no KPI's or reporting, so we cant even see if it is useful spending). and we print another 12K HBD of HIVE via the stabilizer to support the selling of this spending into the market. So our annual budget is 9.75 million USD and the chains market cap is 90 Mil. Even assuming the stabilizer is profitable, this still puts our annual spend at 5.383 Million USD per year.
This means we are inflating the supply by at least 6% on top of normal inflation (of 6% or so) to keep the budgets of these projects alive, while we demand almost zero accountability in the form of KPIs.
Its safe to say that the Hive price is going much much lower from here
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