Strange Times... .:. Walk & Talk Series
After a 2-month break, it's time for another Walk & Talk video! I do like to share some of my thoughts in this format, but as winter came, there aren't too many nice days to do it... So, when I saw a beautiful day this morning, I had to click the record button and share the part of the route where I was walking... Plus, sharing some of my thoughts on the current state of crypto... (btw, the cover photo isn't from my today's walk, but from my visit to the car show... more about that in a future post š)
Created in Canva.com, with my photo from a walk in the background
Recently, I was quiet on HIVE, but I did follow the dramas here, the broader cryptocurrency markets, and also macroeconomic news. Two things got my attention... One of them is the "fear and greed" index for crypto, which has been under 30 for almost a full month, and hovering around (and under) last week or two... Usually, that's the sign of bottoming, but the problem is that the indicator can stay low for several weeks, and even months... On the other side, knowing that crypto prices are going down, it's understandable to have the fear sentiment!
We have the same indicator measured for stocks, which is moving around similar numbers... If stocks were in the same position as crypto, that would be normal, but they aren't! NVIDIA was printing ATH numbers for weeks, other big companies are also in green, but it looks like investors aren't buying it! Something smells fishy...
The second thing that was rather a reminder than news, is the fact that many altcoins have already dumped over 80-90% from their ATH... Unfortunately, among them is our HIVE, too...
Yesterday, I was watching a YouTube video where the author was talking about his investing strategies and what triggers him in the charts to push the BUY button... Seeing a coin chart going down doesn't have to mean it will die, especially if there is development despite the "bad" price action... You and I may have doubts about crypto, but consider those who are heavily involved, such as developers; they likely have their doubts too... Moving forward and building in the bear isn't easy, and those who do are extremely dedicated people... If they can build in the bear, they will build in the bull too!
It sounds corny, but it's worth being reminded that the wealth is built in hard times, when nobody is looking, when everyone is panic selling... Of course, not all coins will survive, so pay attention to details, research coins and teams behind them... If they are building and buzzing these days, that's a good sign!
Check out the short video below from today's walk where I shared my thoughts about these things...
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Thank you for your time.
--ph--
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Regarding Hive, when there are some very serious players with millions of Hive in Stakes, why would someone like me (only a few thousand or ten thousand), lose hope in Hive?
An investor who bought Hive at a higher price may be a little worried, but the one who collected Hive as rewards, why would he worry about the price of the coin (unless he needs the $ that he made by selling the coin to survive the day).
A parallel with Facebook or Instagram - how much money was I rewarded for posting on those platforms 5 years ago? With $0.
And here, even if it's a single cent, it's more than before...
We have some weird profiles of whales here on HIVE... Those from the beginning of the legacy chain that accumulated their coins thanks to ninja mining, and those who bought their "whale ticket"... The first group doesn't have that "feeling" or worries, as they "got" their stake... but still, maybe a bit of regret of not selling on tops... hehehehe
The other group is probably those who began to wake up recently, with some valid concerns regarding DHF funding...
All in all, nothing extraordinary... everything goes as it should... hehehehe
Keep building and ignore the fud! š š¹
or rather: Keep Hiveing š
What is this lake with flamingos, someone near Valencia?
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Long time no see! Hehe! I guess no one really knows or is able to predict movements in the short term. That's why people should just focus on the long term and find their own conviction in the stocks or cryptos that they believe in rather than timing the market.
What you said sounds so simple, that looks almost impossible to be that simple... But, it is! Even for me, who understands that, I have problems to "execute" that thinking, and ignoring the short term!
It can always be a mix. I still trade short term sometimes for the thrill. Lol!
I personally was a bit surprised that the fear and greed index stayed this low for a relatively longer than expected. Are the bulls exhausted here lol? Definitely a great time to trust the process and keep building, sentiment will eventually change back to greed. Also, I think during bear markets, it becomes easier to pick out "good projects" than during bull markets.
When these big pullbacks happen, the fear and greed index tends to stay low for a week or so... But, the strangest thing for me is the stocks F&G, which is way too low, and markets are doing great (or it just looks like from the outside)...
It all smells of manipulation... lol... š
Yes yes. I think the "this time is different" sentiment could find its root cause being a manipulation of sorts happening. Makes it harder for those of us outside to navigate :)
The markets are a weird place, but I can't feel that the cycles are different now that there are BTC ETFs. I still think Hive can do well, but there probably needs to be some changes for that to happen.
With BTC ETFs, all attention went to BigDaddy! Because of that, this cycle is different than the previous... Maybe additional ETFs, for other coins, will balance out this attention... we will see...
Merry Christmas! If the 4 year cycle is broken, next year will be very interesting. Big up Wall Street for managing a huge 1x this cycle! LOOOOL
Hehehehe... I suppose they did well for themselves... Kept the BTC price low to accumulate as many coins as possible... Mission accomplished...
Let's see what the future will bring! š
You have been manual curated and upvoted by @ecency
Did you know that @stresskiller is also a witness now ?
Thank you! Appreciated! š
Holidays are very important, without them we cannot continue our work and it is true that this time we have seen a change in the Bitcoin cycle, but if history does not repeat itself, people will lose trust in the market and people will not trust altcoins at all.
Very few people had "trust in altcoins"... Most were (and will) just speculating...
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