Does the economics of supply and demand work for Tokens on Hive?
I am going to have a little mussing here and I hope someone like @taskmaster4450 will jump in because I am no expert.
Does the economics of supply and demand work for Tokens on Hive? My thoughts are only sometimes. As I got ready to start writing this post I looked at a few tokens like CTP, Alive, ListNerds, LEO and to me supply and demand does not work overly well. When the supply tightens the demand may go up but the price does not always. Why?
I can only give you my thoughts as to why. And there are two reasons I can come up with. I hope others will share their thoughts and let me know if I am wright or wrong or a bit of both.
Number 1: Dumpers. People just don't care, they earn tokens they don't want, the dump them to get rid of them and the next available sell price. Great for people buying not so good for people looking to sell.
Number 2: And I believe this is the big one. We, as in Hive, is operating around this planet with different economics in different countries. Someone can sell say for example 100 tokens of their choice and get enough Hive to put food on their table for a week. Whereas other places that amount of Hive would not buy a coffee.
Besides changing the minds of the masses I think this will never, or be very hard to change. But I thought I should talk about it. When you analysis and see people buying over time and they are buying high or low then there are buyers. I am happy for them that they are picking up deals but the sellers/dumpers if they paid attention could be putting a months worth of food on their families table instead of a weeks worth.
What do you think? Am I out to lunch or did I nail it? Let me know.
I continue my slow climb back up the RichList at ListNerds.
Thanks to my Enterprise Level.
I continue my slow rise here as well. I bought my 2 WorkerBee tokens and staked them again today. I am personally upto 69. Once again I want to thank everyone that is supporting me and encourage you to do the same if you would be so kind.
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Have a super positive day everyone.
Bradley
