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RE: Rising Star at HIVEFEST + Are you LOSING MONEY selling STARBITS?
I remember 1000 starbits gave me 0.3 hive. In good old times... Now the same amount gives me 0.05 hive. So starbits lost 85% of value. In other words....all the money players had put in the game before... is lost. This 4% does not change anything.
0.00002090 BEE
Currencies can keep their price stable if buy vs sell market is stable. If most people are selling starbits, you will not see its price anywhere near 0.3 hive. What would change that? Well, starbits would have to have an option, that would at least give its owners a thought if it's really profitable to sell it or maybe use it for other purpose, which would give them bigger profit long term. Otherwise, starbits will just go down
That's exactly why STARPRO and Music Promoter exist.
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I remember when BITCOIN was $65k and now it is $21k. Bear markets can be brutal as no one has any money to spend.
The best thing to do in a bear market is build new features and that is exactly what we are doing.
Rising Star will be around for many years to come and if you enjoy playing it then please continue to do so.
That money's not lost. It only seems that way if you are selling your earned STARBITS everyday instead of saving them for better opportunities. The price of STARBITS could go back up, and you could wait until then to sell. The problem is impatience.
You said that correctly: price COULD go back up. Now read again and don't play smarta**.
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