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RE: The great migration?

in Project HOPE5 years ago

Dear @fucho80

next Friday,

It's not next friday buddy. it's happening this friday. Today.

Indeed it seem that we're facing one of the largest community movement in history of blockchain. I'm not sure if fork of BTC to bitcoin cash wasn't even more significant. Any idea?

For many here the decision is already made, and that is, whatever happens the best option for them is HIVE

I've strong impression, that majority of Asians are going to stay on steem, and non-asians will move to hive.

Did you expect such a huge price jump? Recent spike in price of steem has been incredible. Surely more than I expected.

Friend of mine suggested, that it could be Justin purchasing a lot on some of his proxy accounts. Knowing that he will get large amount of new HIVE token. Knowing also that witnesses will be powering down and trading steem to HIVE. So he could sell his HIVE tokens, earning quite a decent amount of money. Knowing that demand for HIVE token will be very high in upcoming days.

ps.

I wonder if we will witness and large stakeholders will dump their STEEM right after airdrop on new HIVE chain will take place.

The truth is, that if old witnesses will power down right away and dump their steem - then they may damage part of Justin investment and make him lose out little bit. But it's most likely just a small % of his porfolio.
At the same time all of us, those who invested their live savings into steem will suffer the most. Our investment will be crushed, without much of a chance to do anything about it :(

In my opinion blocktrades and other large accounts, who will build their fortune on migrating community to new HIVE chain - they should wait a bit with dumping their steem tokens. To allow others to do it as well. Just my 2cents.

Yours, Piotr

Sort:  

Hello @crypto.piotr.

Indeed it seems that we're facing one of the largest community movement in history of blockchain. I'm not sure if fork of BTC to bitcoin cash wasn't even more significant. Any idea?

This is historical, as I said because the history of cryptocurrencies is so new, many of the things that happen are unprecedented. I think it will be the biggest we have seen so far.

Hopefully there is an opportunity that people do not lose so much in their investment, that there is the necessary time to recover or withdraw their investment.

We still have to know what Justin Sun plows about it, a lot of movement.

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