The State Of BTC, Hive & HBD
BTC's price seems to be everywhere, and the good thing is that the momentum is still overly positive. The whole CZ Binance thing has died down a little and the most important thing out of this fiasco is that we didn't see BTC go below 35k, it's a good thing to hold that line, and this is because we do not want a negative momentum heading into what would be a mini bull market for crypto.
It's good because CZ is very influential and a lot of people were beginning to think binance would go down too. I got a particular comment from someone who was thinking that it was the end. Since CZ is going down, Binance would too. I had to educate her on the matter. A lot of noob crypto owners would think this way too.
However, even noobs are beginning to educate themselves because you cannot afford to remain a noob, and FTX yourself.
I guess this is the main reason why the CZ news didn't create something substantial to get everyone worried or concerned. The price fluctuations me seems to signal something significant and this is majorly because it's held the 36k range quite well.
I don't know if we'll test 35k soonest, but I feel that if we don't till the end of the year then it will be a very good thing. Firstly I believe that January will be a good month for crypto in general, maybe not only January but the first quarter of the year.
Inasmuch as I feel the halving won't have much impact, the halving FOMO will still create some interest for crypto and the price action might not really play a long-term impact. It's impossible to sell FUD at this period, and this is because we're past that stage now.
Coming back to hive
I see a lot of people celebrating huge milestones for themselves, I saw a 100k hive power celebration and it goes on to show you that the big boys are playing their cards right. They know what is at stake, they know that hive is capable of doing the unthinkable soon enough, and they just want to put themselves in favorable situations.
I've seen so many people holding and I won't really blame them
they know the market will be ripe soon. In a year from now, it might just be difficult to accumulate any more, and time to take minimal profit. The way I see it, hive is not worth selling at the moment.
Missing out on the potential x15 it might do in the course of 13 to 15 months is like a fool's game.
Howbeit, HBD offers a more defined stability
....and I feel that while it's too good to pass on the 20% it's even better to trade it. My health conditions have limited my plans and it's saddening, man proposes, God disposes, however, I'm a fighter and I'll keep fighting. I currently do not have any plans as I'm busy trying to find solutions to my health situation, however, this is another market update from me as I'll implore you all to keep building.
Building for yourself and helping your future, the future is now, don't miss out.
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Thank you
Insightful analysis! Your take on BTC's resilience post-CZ Binance situation is spot-on. The potential for a crypto bull market and your Hive observations are encouraging. Wishing you strength in facing your health challenges.
Thank you. Yes, it's important to take note and make market observation, anyone will be unwise not to.
I think now is a good tine to practice patience in terms of hitting that sell button, to not be overly carried away by FOMO and have a good plan for the next 12 to 15 months.
Crypto can only be life-changing to people who make the right sacrifices, it's never easy. In 15 months time a lot of coin will hit their previous ATH and even surpass it..
Rightly said. Anything life-changing is never easy and often requires making sacrifices. The next 15 months will be interesting for the crypto space, with all the events that will be happening.
It's always like that, more events happens before the market booms, it will be this same this time I guess.
HBD is a great option for those who want stability and the 20% APY is very attractive, and it's a great way to earn passive income. I'm sorry to hear about your health issues. I hope you get better soon. Thanks for the market update.
Yes, if anything, people should choose to sell HBD instead of hive. Which I won't subscribe to as well.
Yeah, you are right. I have come to notice that it's best to sell hbd instead of selling hive because of its usage. And also, hbd is a stable coin than hive.
I am curious what the new ATH for bitcoin will be, will we pass 100k soon and see laser eyes!
With Hive, I think the market is excited about shiney new things right now, I can't wait for it to have its day in the sun.
I think the next ATH for BTC should be within 100k to 120k for hive we might easily see $5 to 6. It's a good outlook, consider everything that's gone well in the last two months.
Yes, I think everyone is currently excited about hive.
That's nice boss
I told some of my friends that CZ's case will never affect his company likewise the positive trend of BTC. Now, the price is still sustainable and bull run in view.
Exactly, we've seen worst in the closure of FTX and LUNA too. We'll achieve more stability soon.
Alright boss
I think there’s even some profit to make in Trading Hive itself if you can do it right. Although, you stand the risk of selling and not being able to buy back at lower at some point, inevitably missing out on the potential profit of many Xs of what you’d been trading for.
HBD does seem like a better already to trade. The Peg makes it idea to always know if it’s oversold or overbought and take the right position. I’ve never traded HBD before (not talking about HBD to Hive trades) cos I don’t have any of the exchange account on which HBD is traded to USDT. I should probably get one now to take advantage of the occasional pumps.
If not for my health condition, I planned how to occasionally maximize HBD for more hive. There's a lot of prospect when one focuses on the trading aspect of it just like you've mentioned. Many people will miss the run because of not having a strategy
Firstly, I think the reason why people believe in Hive is because they know it has a bright future coupled with the fact that we’d be having a pump soon
It used to be on $3 so it is possible for it to go back to that price even though it isn’t now
Yes, there's the prospect
👍 ❤️ Upvoted ❤️ 👍
I dont like to talk about price but it seems the markets took the CZ like a champ, nothing really happen but I doubt "news" about CZ are over, there is still a lot to happen that might impact the market I would say negative but its good because this are more battle scars for those who are in it for the long run, same goes for people increasing their stakes on Hive during the low portion of the market, I believe the uptrend started this year, there will be corrections but from this point until 2025 its going to keep moving up gradually, Im on a long term project with Hive staking as much as I can and been active too although there just sometimes I cant be every day, trying my best, there are a few things I would love to see happening on Hive and thats DEX listing, smart contracts (soon) and bridges to other networks, those would be awesome ✌️
To me, the CZ news happened that way because I believe we recovered from the worst in FTX and LUNA. For me I believe it gets better from here. Just like you feel. There are going to be corrections here and there, but the market will inevitably surge on.
For hive, it's more of a slow developmental phases happening one after the other. It's probably going to take it's due course.
True, usually there will be some serious ups and downs before halving, its funny its almost the same every halving, hope it doesnt change this time, just staking more Hive ✌️
I have no idea about the bull market but it really depends. From what I see, I don't trust anything until I see the BTC ETF approval. I know it will come eventually but we don't know when.
Well, to be very honest it's early days but the signals and signs are good. I think the SEC will still try to delay the ETFs but it will inevitably happen in the first quarter of 2024.
Just like there was a lot of news that the market was going to go down because of the Binance story people were talking about if the owner didn't pay the market could have gone down a lot. Now it will see us slowly going up