AskLeo - How's "Your Hivin'" Lately?

Crypto has once again proved me wrong. I was almost 100% sure just a week ago that from the level we were prior to the FTX saga, a new uptrend was about to commence and we had already bottomed out. Well, looks like the providence had something else in the cards for us.

Bitcoin is now hovering at around $16,500 for a couple of days already and we had a few good dips under $16,000 soon after the fall of FTX. Looks like $16,000 is the new $19,000. Are we replicating the 2018's $6k to $3k pattern? Probably...

Nevertheless, I believe that we have reached the "depression stage" of the market cycle right now as I can feel that on my own and also witness it being reflected by some users on Twitter and Hive as well.

When it comes to Hive, the best metric for that is activity. I have not checked any stats in this regard, probably @dalz has some report on the topic, but the way I see it both content creation and curation are hitting lows after lows lately.

Just a few months ago "the chain was so crowed" you could barely breathe ;). These times will for sure come back in the future once the HIVE token will start to appreciate consistently.

Back in the early days of HIVE, I guess from something like November 2020 to early 2021, our blockchain's native token was tanking while pretty much the whole market was already recovering from the bear market lows. Blogging for $0.10 a coin wasn't that fun for quite a few of us. Luckily at that time, LEO was doing good, thus I couldn't say I felt depressed by the price action of the main token.

However, there were some faces around here that got into hibernation mode during those times till like early-mid 2021. As soon as the price started to rebound suddenly the "frozen accounts" got back to life.

I am a Hiver(daily blogger) since early 2018, this is my second bear market, I took this thing very seriously right from the beginning cuz I knew I wanted to make this matter for me. Hive is not just another social media app to me. It is a way of life, it is my main income(a quite volatile one) and it's also a sort of blockchain-based journal where I have stored some of my best memories and thoughts. I have invested a lot of time and energy in this thing.

Right now living out of Hive rewards is highly difficult. I sure know that it's gonna be some good months till I will be able to once again match my expenses with what I earn here. Nevertheless, my hustle doesn't end here. The only thing that would stop me from being consistent would be the need to get a real job and have way less time to dedicate to this activity.

Otherwise, my wheels keep on spinning. What about you, how has your hivin' been affected by the current depressing times we're living in crypto?

Thanks for your attention,
Adrian

Posted Using LeoFinance ^Beta