Things weren't looking great when I went to bed last night, and they are even worse this morning! What a mess the crypto markets are in!
Bitcoin is currently at $29,500 and it's hard to tell if it is done dropping right now. My overall crypto portfolio is just a smidge less than half of what it was.
There is some chance we see a turn around here, but I am not sure if it is done yet or not.
The more solid the project the faster it will turn around, I think Bitcoin and ETH will likely lead the turn around and recovery when it comes.
I have no idea if this is over yet!
Hang in there friends and come by and chat in The Pulse Discord, we talk about all crypto and lot's of other bullshit.
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I will join that Discord. I always like fun new places to hang out. I am getting so many that it is hard to split my time... I am always a little scared when I head to bed and the markets are down because you never quite know what you are going to wake up to!
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Look forward to seeing you
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Typical crypto thing. I'd say this was the actual capitulation. From there on it's up we go again towards the peak of this cycle.
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I also think we are pretty close to the bottom
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I agree. we have seen similar situations in the past
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I watched myself getting poorer by the hour. A sensational event I must say.
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Poorer by the hour, but probably richer than middle of last year?
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DEJA VU...
Right?
Crazy market this cycle.
Hive is designed to be sold perpetually, not appreciate in value.
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I don't think the design is the problem. It's just not 2009 anymore and if you want to "sell your tokens" you have to have a message and sell your platform.
Why does someone want it.
what does it do.
Why should they care?
Also our own witnesses/whales seem to dislike the platform, and it shows, whether or not they know they are default leaders, a community culture, work culture, etc takes on the aspects of leadership, because they have to meet the rules.
Also, it's not a fun social media site, with everyone worrying about being accused of milking, shit posting, etc. Even a top witness gets nervous when she accidentally posts.
Good projects and success are not done when engineering is done.
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Been a crazy week. We had spy tank and bounce like crazy, crypto is a blow bath and there’s FUD all around.
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That's crypto! lol, and part of the fun, but not on these days.
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time to buy hive.
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I'm not clear on what Hive wants to be when it grows up.
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to much red for me
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There is a lot of red!
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maybe we bottomed out and all altcoin seller get now rekt because the volume rise :)
Looks like this is true... for now!
I have stopped looking at the markets. It gets depressing otherwise.
Keeping my head down and doing one comment at a time. ;)
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That's a pretty good plan too.
I bailed out but I waited too long. Would I buy right now it's stopped falling? No this looks like a dead cat bounce!
I'm not sure, I'm leaning towards a bit of a recovery in the fall, but then again the money I have in creates a bias. :)
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Crypto rule of thumb...opposite of what the highest "rewarded' accounts on Leo say...serious for once!
Price predictions are price predictions. :) lol. People reward what they want to hear, not the truth.
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Or maybe they are not so much predictions as misinformation designed to manipulate the sheep to be fleeced, and "rewarding" them gives these crypto influencers extra cred (as well as recycling the reward pool back to the cabal)
That's certainly true as well.
I wonder if you view that any differently as a recently exposed, exploiter of a community. Is stake.. Yours? Does it allow you to earn more?
I just laughed at how neither side would likely apply the same logic to both sides. :)
I hate what happened, but it's a problem with POS.
This is why you are popular on Leo while I got some massive downvotes when i posted there
Sorry to be a retrospective nasty bugger, picking on one of your posts when the other accounts posting on leo are far worse in this respect, but the financial predictions/narratives on Leo are just utter bullshit.
Your payout in Hive of 25.45 for that post is higher than all but one of my posts this year! And you know that wasn't for your amazing original content on that shitpost :)
But you are the only person mainly posting on Leo I'm still following...
The dip triggered a margin call for me. This had happened to me before, so I had some cash set aside, just in case. On the bright side, it forced me to buy more cheap Bitcoin. I need to save up again in case we have a bigger dip.
Ouch... but glad to hear you have a bright side.
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Prices can't go much lower....
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I hope they don't, but they can.
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