none whatever the parameter you chose to focus on( security, scalability, security, micropayments, governance), my question remains: five years ago, who could’ve thought that the price of Hbar would be less than 5cts after processing 20 billions transaction and ready for processing much more? Is $Hbar price low by design?
I wouldn’t be too concerned. I replied to someone when they had a concern about the price I talked about the bear market. He requested another answer without mentioning the bear market. Here’s my response, it may help: “You really can’t set the rules like that. It shows a misunderstanding of how markets work. Positive news simply doesn’t have the impact you might expect at this point in the market. The Grayscale ruling is HUGE for Bitcoin and all but guarantees an ETF in the next year. The impact of this can not be overstated yet Bitcoin is flat. Solana had a great headline with Visa, and did nothing. DeFi Tokens should have 2xed on the Uniswap ruling but you didn’t see much. But these developments will have an impact when the time is right. This is nothing out of the ordinary and you really should learn that, if you are going to be in this market. Hedera had tons of good news in 2020 but price didn’t move, those catalyst’s impact came in the following bull. This cycle I believe it will be more pronounced. Plus it’s all relative. #HBAR is down 20% in the past year. But #MATIC is down 38%, #AVAX is down 45%, #SOL is down 27%, and #ALGO is down 69%. Despite HBAR’s outperformance, I don’t get to wrapped up in price action as we round the bottom, I pay more attention to the foundation being built for the bull market and Hedera is creating one heck of a narrative. I understand though, it’s easy to get fixated on the day to day movements. Your comments and calling me out for not responding when you wanted me to are hard to stomach. Before getting confrontational on the internet, take the time to REALLY study markets. One of the hallmarks of a bear market is that good news doesn’t positively impact the market as one would expect. It will a little but not the way a novice would expect. This is so clear in the entire crypto market, not just HBAR. There are other factors for Hedera. Hedera is explicitly using HBAR to build the Ecosystem. This puts pressure on the HBAR now but IMO will have massive positive impacts at just the right time in the future.”
I would add one more point to what Brandon said - a major component of long term HBAR price support/value is the constant buying pressure exerted by enterprises needing to buy HBAR. Although we have reached 20B transactions, those have been largely funded by grants. To use an abused statement… “we are early” and not in the flippant use of the catchphrase, but in the real sense in that a major price support mechanism has not been initiated yet.
I hear what you say but 5 years ago HBAR was nothing it was really just an idea. If the project was still at the same stage as 2018 then you should be worried. I think we have to look at all the work is being done by the team and all the institutions involved in the pipeline. Hedera never went after retail directly. They created a technology that REALLY solves real world issues for big institutions but without regulations things can take longer. I'm happy with everything that the team are doing. On top of everything we are in a longest bear market the crypto space has faced and it's not just HBAR, almost all coins are down 80-90% if you see ETH or BTC are higher that's because they are over 10 years old so more adapted but Hedera are moving way faster than BTC or ETH did 7-8 years ago so I'm very optimistic for the future of HBAR. We need a stable project with huge potential rather than a project that is built on hype with little usecase
When grants end, real Hbar world starts.
Hedera decided to give grants to attract as many projects as possible and by doing that introducing their technology to the world in every field. If even 10% of those projects now decide to stay and build on Hedera then things will change massively, the adaption of HBAR will hit the roof. It was actually a smart move by the team in my opinion but not many people can see that. If you can see the process and where it's heading to then you will be a winner 👊🏼
@Jeeptopdown , @TheHbarBull, @HBARofWallStreet thank you very much for the high quality of your replies!!
It was the best thing to do because once you taste Hedera, nothing else can be as tasty!!
Excellent and right on the money Brandon. I contend that we have moved up in one important metric. That is CMC. We sit at number 30. I don't recall us ever being this high for this long thus it appears that in this bear market that is taking no prisoners, we are gaining ground. Hopefully, we will continue to climb in the coming cycle. There are 5 stable coins above us so essentially, we are at number 25. It's pretty easy for novice investors to see the coins that are inferior with larger market caps. How long can this continue? Not indefinitely.
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