Is it all downhill?
The numbers in the crypto market tell a grim story of proceedings. After the euphoria of Bitcoin crossing the $30K mark, the market has been pegged back down a level or two, pretty much taking us back to where we started.
At a little bit over $27k, Bitcoin is trading at a very familiar level. This has naturally pulled the entire market down with it, seeing assets like Hive drop below 40 cents in the process.
At the same time, I got wind of a memecoin called PEPE that is somewhat connected to the popular pepe memes doing over 2000%. It is a rather strange world we live in and the crypto market, in particular, lives in the strangest part of it.
Being away from Twitter means that I don't hear about a lot of these meme projects and pretty much every other crypto project outside of Hive. However, from time to time, I lie to check cointelegraph and coindesk to read abut things going on in the crypto industry.
Sadly, it looks like not much has changed and most people still see the industry as one big casino. Nothing against gamblers because at the end of the day, there's an element of risk that is akin to gambling in crypto but overall, there's still more emphasis placed on ponzi-esque schemes.
Just like a casino where people come in to make it big with one move, that seems to be the prevalent opinion in crypto. There's very little interest in actually growing and becoming a self sustaining machine.
Sticking with Hive
As I said earlier, I have nothing against gamblers because we're all risk takers. However, one of the things I appreciate about Hive is the fact that I get to earn an income and not just wait around for a big score.
Yeah, the number goes up and down but with Hive, that's really not the selling point. When I'm on Hive, I feel like I'm part of a real project geared towards creating value for all investors.
On top of that, I get to put my creative juices to work as I try to interact with a vast community through publications and comments. I also get to share my passion of gaming, football and pretty much any other interest I develop along the way.
Thanks to games like Splinterlands and many others in development, I feel like I am invested in an actual project that will have uses that transcends the numbers in the market. It is sparse consolation but at least on Hive, we have place that we can feel safe in our own skin.
Posted Using LeoFinance Alpha
I agreed with you investing or building on hive is a good decision in the long run
"if you can't beat them, join them"
I am not a gambling man either but I have realised that one needs to dabble into this side of crypto occasional. You can do it with your time or money or both.
BTC net value hardly changed in the last 2+ weeks. exactly 14 of Apr was a top (pretty much in all cryptos), how on that date USD index formed a bottom. it (dxy) looks like will go up even further before the huge drop. (so there is a good chance btc, crypto will drop down further.)
I hope it takes 1-2 months, at least. (perhaps the last still okay buying opportunity, on levels what offers pretty good return.) everything looks great, nothing to worry about!