Hive Power Up Day Again, February 1st Has Already Arrived!

It's February 1st yet again. New Years Day is officially one month behind us now and the year 1/12 of the way over. Scary thought isn't it? Time really does fly... It also means that it is once again Hive Power Up Day. I very honestly almost forgot about it entirely, and it would have broken my streak of almost two years of consecutive power ups. So I powered up everything I had liquid which was the minimum needed for HPUD!

I do believe this puts me at two years straight now without looking back and counting. It's a streak I would have hate to have broken!

If you don't already participate in HPUD there are prizes that can be won every month if you HP falls under certain ranges. I honestly don't recall the in's and out's but it can be looked up easily enough. I have never won a prize, but I keep on hoping!

Bitcoin and Hive

It's been a tough week for the cryptocurrency world, there's no other way to put it. Bitcoin continues to see the slide downward toward the mid $70K mark. Any real hopes of a recovery above $100K anytime in the near future seems to have been firmly smashed. I'm not really sure where things are going to head this week yet, there are "experts" claiming both up and down. I'm hoping for the best and hanging onto my BTC as I know most of your are as well.

From coingecko.com

Hive has been suffering drastically as the price of BTC drops. The inflation issue is still present and the DHF spending certainly isn't helping. The price was down to $0.077 which is getting awfully close to a nickel. I'm starting to fear that we may be seeing Hive hit $0.05 without some serious improvement in the overall markets and inflation control. It really does make me pine for the days of last year when Hive was sitting at above $0.60... The good old days...

From coingecko.com

So let's all cross our fingers and hope for some improvement this week. I would really hate to see BTC drop to below $60K!

Precious Metals

It was a terrible end of the week for the metals market. The massive correction that we all knew was coming hit pretty hard. Hopefully the worst is past us, and I am anxiously waiting to see how silver and gold do as soon as the New York markets open. It's going to be an interesting day, that much is certain!

From kitco.com

I'm betting we'll see some recovery and it may be a great entry point into the precious metals. Silver and gold are always smart to have in your investment portfolio as they are always going to be worth something. There is a reason they have been money from even before recorded history!

That will do it for me today, I hope you all had a great weekend! Let's hope for some better markets this week! Please feel free to leave any comments or questions below, and thanks for all of your support! It's greatly appreciated. Have a great day everyone!

References:

https://www.coingecko.com/en/coins/bitcoin

https://www.coingecko.com/en/coins/hive

https://www.kitco.com/charts/silver

Disclaimer

I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!

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