Hey Guys,
I am back here with the new video for you all and in this video, I've got just a simple question whose answer is what I've asked from you guys and the opinions of yours on the aspect and that's gonna be the $22 GIVEAWAY as well.
The question and the RULES are way too simple and can be found in the video :)
Do give it a watch :)
Please let me know your thoughts in the comments below.
Thanks a lot for being here.
Will be back with another vid soon
~ Sayu
▶️ 3Speak
Regarding your question, first I want to say that people are waking up to a reality where we see that we can have control of the situation, control of our money and our opinions. When people know the potential of hive (hive blog) where you can talk freely and where everything is decentralized, we will see many more people in this ecosystem.
On the other hand, none of this would be possible without the investors and people who carry out the curations, they are a vital part of the chain. This leads to the development of technology and applications such as threespeak, peakd, ecency, leofinance and many others. This is just beginning, volatility will always be present, because capital can be moved from one place to another 24/7, but a pattern that I think will continue to be preserved is the injection of capital into the blockchain.
I, for example, have just liquidated a small position in the traditional market because I understand that the power of growth and appreciation here in hive is quite large.
Finally, I thought that this was necessary, the change was coming, as Elon Musk said on his twitter.
@steemer-sayu907 I hope you are ok
source
What I personally feel is that the social media and people being driven by the opinions shared over there haven been quite a big reason for sudden jerks in the markets of various cryptos. Every now and then we do see Elon talking some or the other thing about different cryptocurrencies and we saw the most recent one was when he talked about DOGE in an interview and we did saw what happened thereafter.
To be honest it feels somewhat unfair and unjust as we are pumping into a certain asset which was just promoted by someone which did existed before he said something about them which raises a bit of query of what if he says the next day that it ain't something he invests upon. This creates some uncertain volatality but quite fun to be dealing in at the same time too for sure.
YEah that is true SOCIAL Media today has been quite a bit working onto this entire scenario to the biggest extent I too feel the same. Definitely the influence he's enjoying these days is enormous for sure and loyalty of fans that is being offered to him has what made all of this a strong movement.
Thanks for sharing your thoughts :)
Mostly it is because of the faith issue that is better dealt with in the case of cryptos rather than other financial institutions which do run under the rules laid down by the ones in authority within a nation whereas there's noone whom to the cryptos have to be accountable and answerable which does gives them the upper hand.
Right from the time I got to know about bitcoin and cryptocurrency in general, I have come to understand that it is a volatile market, one that can change at any moment.
In this case, bitcoin volatility can be affected by social media news, just as we saw in the case of doge coin. It can also be history repeating itself, like when bitcoin was raising to 20k, for bitcoin, server pumps and dumps are going to take place on its way to 100k as many have pegged the price. Its also to your advantage to take some profit as this goes on.
For we that have decided to take hive for the long term, knowing fully well that there is a bright future for hive. The price of hive is due to rise at any moment from now but for HBD recent pump and dump, not sure how it happened but I'm expecting another pump soon. This is not the new normal for there will be a change soon
As we saw 2020 was an quite an year for the finance section of the world for sure as we did saw rapid growth in certain limited fields and catastrophic fall in numerous fields. And throughout the year and throughout the world one of the things that was talked about quite a lot was Crypto.
And that was because a lot of big investors did rolled into crypto and many new upgrades and Crypto projects too were announced like ETH 2.0 and more. All of these big scaled happenings did attracted a lot of eyes of the world towards crypto and also led Bitcoin to touch it's new all-time high after 3 years as well.
Maybe this too plays a role in the fluctuations to be honest
It is mostly due to the newly developed interest towards crypto or even market as a whole which has been aided because of this pandemic which has got crypto and markets introduced to people who didn't even heard of it ( including me ). The pandemic and the lockdowns did played a significant role as well.
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Thanks a lot guys !!