FOODIE Has Fallen + Some Meatloaf
I am sad to report that the FOODIE market is down to just a single bid. The bid is for 0.00010000 placed by a mister @edgy-ed-morrison . Edgy has a 926,918 stake in FOODIE and has 32,375 free coins.
I suspect that he has had his fill of the token.
The HIVE-Engine Tokens Page reports that the supply of FOODIE is 33,205,927. The current price is $0.00003 making the market cap $996.
If you looked at the FOODIE richlist; you would see that many of the largest holders are administrative accounts. So, the market cap is lower than reported.
What really strikes me about the richlist is that many of the accounts in the FOODIE Beehive are not actively trading their FOODIE.
The #HIVE-Engine token is the thing that makes HIVE tribes unique.
Trading the token should be part of the fun of participating in the beehive.
HE tokens are not a great investment.
The high interest rate for tokens means that the TOKEN supply will be constantly expanding. Since the interest on the tokens is greater than the growth of the forum, it is reasonable to expect tokens to gradually lose value.
I admit, I was upset when HIVE pushed out a large number of poorly conceived tribes a few years back. The cookie cutter tribes all used the basic code. The tribes failed to develop features unique to the needs of each tribe.
A food related tribe should have specific features for searching by ingredients or the location of reviewed restaurants.
The tokens were initially way over priced. I also disliked that scammers told people that the overpriced tokens were somehow an investment.
I feel bad because HIVE users lost money investing in tokens.
The proper view is that the tribal tokens are a game. You can increase the value of your upvote by staking FOODIE.
I believe that the tokens are currently a better investment than they were two years ago.
I suspect that all of the tribal tokens on HIVE Engine are doomed to fall to zero.
The fact that FOODIE should not be seen as an investment doesn't mean that people shouldn't be playing the token game. It is a matter of catching the falling knives.
The Call to Action
I wrote this post as I am hoping that members of the FOODIES Beehive will take a gander at their account today.
There is currently one and only one bid for 0.00010000.
If you have a FOODIE balance; you can do several things:
- You can stake the coins. This will increase the value of your upvote.
- You can place a sale order on HIVE Engine at or near the ASK price. Placing a sell order near ASK improves the liquidity of the token.
- You can place a market sale (a sale at or below the BID price). Such orders execute instantly, but decrease the liquidity of the token.
- You could decide to unstake coins. FOODIE will unstake in 10 transactions over just five days.
- You can shrug your shoulder and say "uhhh"
Selling FOODIE will give you SWAP.HIVE which you can use to buy other coins on HIVE-Engine.
If you happen to have some SWAP.HIVE; you can buy FOODIE. Some people like to buy at the BID price.
It is not uncommon for the gap between BUY and ASK to be quite large. As I write this piece, the BID price was 0.0001000 and the ASK price was 0.0001939. The ASK was almost twice the BID!
This happens because there is not much liquity for this token.
Cooks know that when the food in the pot is too dry; one needs to add moisture to make the food tasty. The FOODIE market would become more interesting if people placed orders.
When the gap between BID and ASK is large, I like to place orders between the BID and ASK.
What is My Strategy?
I happen to have 56,275 staked FOODIE worth $1.828. For the last several months, I've been placing small bids just above the BID and small sales just below the ASK. I usually place orders for 44 coins.
Since there isn't a great deal of interest in the coin, I've been accumulating FOODIE at a rapid rate.
I don't think that I want to have more than 100,000 FOODIE because that would make my upvote too large.
With 50K FOODIE, I am earning about 40 FOODIE a day in curation rewards. That is high enough for me.
Now For My Comments on Meatloaf
I have a fondness for meatloaf. I like baking it in the winter as a warm oven helps heat the house.
I don't really have a recipe. I usually just stick what I have on hand in the loaf. I usually aim at creating a loaf that is half meat and half veggie.
I am cooking for a person who wants to cut down on bread consumption; so I started using oatmeal instead of breadcrumbs. I soak the oatmeal in chicken broth and some baking soda.
The picture at the top of the page shows the ingredients. For this recipe I used a pound of ground beef, a half pound of sausage, a cup of oatmeal soaked in chicken bone broth and baking soda. I added red wine to activate the baking soda.
I mixed the meat together in a large bowl. I added two eggs (which I forgot to include in the picture).
Many meatloaf recipes have people mix with their hands. This leads to messy hands and food waste. I found that the back side of a long teaspoon works better than fingers and there is less food waste. The picture shows the teaspoon.
I bought the large spice jars a year ago and have been adding a nice sprinkling of spice to each dish. My approach to spices is to use the stuff I found on sale.
I guess I am not a FOODIE at heart.
After mixing the meat I dumped in the veggies which included a finely chopped onion (which I forgot to include in the picture). Some carrots, a potato.
I formed the concoction into a loaf shape. I baked at 350° for an hour.
Many recipes suggest making a glaze with ketchup, mustard and brown sugar and adding the glaze at the last minute.
The person I am cooking for wants to avoid sugar. The glaze makes the loaf pretty. My loaf was just a long tasty loaf of beef. I didn't take its picture.
Conclusion
I like meatloaf as the dish is a complete meal in each slice. I tend to make the loaf with things that are on sale. I add wet and dry ingredients until I have a decent consistency. I am not sure if it counts as a recipe.
IMHO: Taking a picture of the ingredients is as useful as a written recipe. Of course I forgot to include the onion and eggs in the picture.
The real reason for this post is that I was sad to see that there is only one bid for FOODIE on Hive Engine.
While it is foolish to consider HE tokens as an investment, trading the tokens is part of the fun of the community.
Personally, i like to drop buy orders of 44 FOODIE just about the BID price and I like to drop some FOODIE sales just below the ASK. We are talking pennies; I believe that I've broken even with my strategy.