Last Week Tonight and a bearish rally in a time of crisis

in #casualpost4 years ago

First things first: The latest Last Week Tonight, it's good to get some content aside the usual Corona stuff.

Other stuff. The stockmarket is kinda hyping right now. Even the crypto market. The Fear & Greed Index reached 20 now, which it hasn't over days.

https://alternative.me/crypto/fear-and-greed-index/

The heatmap from 5.4 to 7.4:

It's baffling me, we have a whole corona crisis on our hands and the stock markets are rallying right now.

Markets are surging. Here's why experts are still wary

As far as I can tell, we are still not over the dam. There is still a fulminate risk in the market and the sphere. Even Bitcoin shouldn't be able to hold it for the time being.

Bitcoin Has Gained $600 for 3 Consecutive Mondays — Price Hits $7,400

Steem on the other hand is clown show by now. Has anyone looked on steemit trending?

image.png

Four posts! Four posts, weeks old, before fresher content. This is ridiculous! So instead of removing those finally from trending, Justin is actively censoring real content on the Steemit frontend and on the node level. Even with steempeak you can't bypass that anymore. This reminds me of the old argument "Downvotes made my posts hidden and that's censorship!", that was already stupid, but this is a whole other level.

All my posts are hidden on Steemit

One major USP for blockchain and crypto is a protection against censorship. How is censoring content helpful in any means? How is centralizing even bringing Steem forward?
A lot of people are complaining about the PR stunt that Hive has to pull off, but that's way easier than to sell a censored and centralized blockchain. The beauty right now is, that the price of Hive is dropping. Cheaper to get in for the coming ride.

Price Does Not Reflect Value


The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.