Daily Crypto Markets Live Blog: And The Red Continues In Markets (05/11/22)

in LeoFinance3 years ago

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Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.

Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.

It is a great way to stimulate engagement.

We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.

We are open 24/7/365.

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Keep the faith.

Bears always go back into hibernation. It is only a matter of time.

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All the coins I wanted to hit are at a discounted rate right now. But no fiat to buy as I have most of my money in crypto. Considering looking for another job outside crypto, just so I have more fiat for days and opportunities like this

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Moves into crypto for freedom from work.

Wants to go back to work to get more... freedom.

;)

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lol

interesting cycle, isn't it

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You have the right approach. Seems like you have it everything together.

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I absolutely agree with you.

Stay calm, it's summer ahead.

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The best thing to do, to be calm and do what we gotta do. Build as they say :)

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For now, I prefer to stay calm and watch. If I see an opportunity, I can attack.

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The best thing to do, sit and watch and then make a move when opportunity presents itself :)

I guess the saying "sell in May and go away" might be true.

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The month of May is not doing well for the crypto market. It happened last year. So this may be true.

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This time will surely pass.

More opportunities if you have the funds or time to invest in the current dip.

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Yes, there is opportunity, but there is a lot of uncertainty. I am following the month of May closely, we have to see what happens.

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Just build your position while you wait and you will be better off when it does go back up.

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Oh, that is so true! This too shall pass :)

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Exactly… people should stay calm 😊 have faith…

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Keeping the faith and taking the opportunity to increase my holdings

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Search 100,586,183 posts


Search 100,586,183 posts

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Over half a million, posts from the 100M level we hit a few weeks back.

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There is never a singular answer for why markets do what they do, why stocks rise and fall, or why investor sentiment changes from one day to the next. With that in mind, maybe the best explanation of what’s going on right now is that there are a lot of reasons for investors to be freaked out, and so they are.

To name a few of these reasons: inflation, interest rate increase, anticipated recession, market confusion about the FED, the situation in Ukraine, and COVID outbreaks in China.

Conventional ideas:

  • During uncertain times, is keeping cash the safest move?
  • Moving assets is not equivalent to cashing out.

Interesting quote:

As life gets back to a more normal state compared to where it was at other points in the pandemic, some of the trends that made certain companies attractive are reversing. People are going back to life in the real world and relying a little less on the internet for every part of their lives.

Source

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I think cash is always a good position to have. You should trim down your risky assets and focus on protecting/building your core positions.

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In the stock market, holding cash works for me. In crypto, there is a big difference. Though the cash value of my holdings is declining, their number is growing. Unlike in stocks, it's the same quantity whether the price goes up or down.


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I'm not sure which is worse:

  • CUB at USD 0.04672119

--or--

  • 218 GWei

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I would say CUB because I don't really use ETH. I guess the fear is starting to settle in for the people on ETH?

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phbd

It looks pretty strong, I hope it always stays that way.

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That's a pretty sight :) Awesome!

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Its stability is really promising.

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Yes, it's a safe haven in times like these days.

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In fact, many people may flock to HBD right now if they realize how they can earn income from HBD.

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And that would be really good. I think some are already looking out for alternatives. HBD could be one that would pop up on their search.

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HBD on the internal exchange holding up well also.

It is only the external exchanges which have very little liquidity in them.

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It is holding strong. And yes, the liquidity concerns. Hopefully that will get solved as the months go by with the LPs and perhaps more use-cases will be introduced.

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It's holding up quite well and the volume itself doesn't look that bad. It's holding up better compared to the exchanges and internal market I think.

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Yes, I agree with that.

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It remains strong 💪🏻 yeah!!

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It will be stronger in the future.

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Yes, looking forward to it.

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Nice! It's held its ground pretty well

I hope it can keep the peg

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I hope it has the confidence and strength to do it.

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pHBD and the internal exchange are holding up well.

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REMINDER!!!

Get all those #CANDIES. Nothing better than on a day of bleeding to get that sugar rush.

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9 minutes more

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If I don't come here, I always forget about the CANDIES. I got it now.

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Good :) Only remember about them because of this thread.

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I am waiting for this hour every day. It is possible to find the summary of the day in the leomarkettalk's post.

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That's right. Great things can be found among its threads. With lots of things happening around, it's getting difficult to sift through posts and this can be a good source of info :)

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I forget it at times too and I post the reminder.

How sad is that?

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LOL! That's sad indeed but thank you for always reminding.

Yes it is sad but that seems to be the norm for me.

I get that feeling each time I look at myself in the mirror after a shower.

But that is another problem entirely.

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Got them good, 50 today, yay!

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I fell back to 10. Starting over on the bottom.

Time to climb the hill again.

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That's okay, falling is good but starting over and climbing back up is great :)

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Grabbing mine rn. Thanks for the reminder

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Thanks for the reminder. I am grabbing my candies and I hope that I don't get reset in the middle of the week again.

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Collected all those delicious candies 😎

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Got 60
Tomorrow is the big day

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Remember the White Book Khal was going to bring out a few months back? We got on post and nothing.

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Probably still being finalized :) Waiting... patiently...

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I have a feeling he is working on CUB and PolyCUB. Well, I wouldn't mind if he worked on Project Blank too.

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I think so too :) There must be a lot of things going behind the scenes and other things may get pushed back.

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He was releasing pieces that were written over the last 18 months.

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He's taking his time :)

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Yea I am still waiting for it. Wasn't it suppose to be hundreds of pages long?

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True...

He said all or most of it was already written so I wonder why we haven't heard more on that

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Good point. I just tweeted it out.

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Do you think Terra (LUNA) can recover and come back? It was $116 last month, now it's around $18. It was an incredible collapse.

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It is the emotional swings that the market tends to put together.

We are now at the point where a lot of this is getting insame.

For those who are confident in LUNA, it is a fab opportunity.

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It is a very difficult process and I wonder what will happen. For those who trust Luna, there is a good opportunity. But the risk may remain. It's hard to know what will happen.

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What is the basis of trust for LUNA? For UST?

What is there to that platform that makes it trustworthy?

This is what is going to have to be discussed.

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This is definitely a topic worth discussing. Maybe most of us don't know what's going on.

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I feel like with much patience we shall see a rise again😄

It seems to be recovering. But I don't know if it can regain trust people.

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Only time will tell. And if those who supported it then still support it now, it has a good chance for a come back.

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That's the key point. Is support still available? They have to do something to regain people's trust.

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Yes, sometimes that's where things fall apart. When support and trust is lost.

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Do you trust it anymore?

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I don't trust it for now. I couldn't find a reason for this. The price is very good if I can trust it. But there is too much uncertainty. and I prefer to stay away from uncertainty.

It's hard to know what will happen.

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It could but I think it's unlikely. It's hard to build trust and reputation but easy to destroy it. So it will take a long time and what type of actions it does.

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As you said, it is very easy to lose trust, and it is very difficult to gain it. If they want to go back to their old days, they have to do very good things, but this does not seem very possible.

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Hard to say.. I never got involved so I don't rally know much about it.

It's quite a hit so it may struggle to get back on its feet

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It is difficult to regain people's trust. I don't know if they can win again. But with good work, anything is possible.

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The problem with Terra (LUNA) wasn't LUNA itself but rather what happened with the TerraUSD stablecoin, right? So much TerraUSD was sold that it affected LUNA.

How can we protect ourselves from that scenario?

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I know it was the Luna foundation that started the sales pressure.

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DeSci (Decentralized science)? It appears that "de" is now becoming a favorite prefix.

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That's very interesting! Now the claws of decentralization is spreading :)

Curious about what will be the next "de". 😄

Endless possibilities for it 😄

Interesting concept. It could be important in countries like Brazil where science is getting completely crushed by bad decisions from the government.

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Government bureaucracy is really not fit to oversee scientific research and discoveries. Hopefully, someone can capture such a vision to decentralize science in Brazil.

The centralizers will not allow for decentralization to take place. The people have to take it away from the centralizers.

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Yes, and for that to happen the people must be informed about the opportunity for a power shift via decentralization.

That is all over the world. It isnt just Brazil.

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The problem is whether it is nothing more than a marketing term.

We will have to see how these projects are actually constructed.

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That's also my initial thought. Nevertheless, it's either they will corrupt the term or help promote it. Who knows? Such a marketing strategy can end up for good leading some people to discover the real thing.

Roubini, Web3, and USG.

The Dubai-based firm will work with Web3 developer Mysten Labs, which will be tasked with building the technology behind the United Sovereign Governance Gold Optimized Dollar (USG).

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At the moment I have 2 posts in my queue to work on, so it may be about a week before both are published. Tonight (because of a recently published post), I have a 3rd post in the queue. This 3rd post will show SEO in action, and it even features a 2-for-1 for keywords appearing on Page 1 (one intended, one accidental)

First off, I apoligize for self-promoting here, but in this case I'll make an exception for SEO reasons.

The post is titled "Transitioning to Tokenized Blogging as a Business" and this is why I mention it here:

  • For intended keyword "tokenized blogging"-- which I've seen in many posts and sites, this post ranked #2 on Page 1 of Google's SERP.
  • For accidental keyword "hive-d4", it ranked #4 on Page 1 of Google's SERP.
  • In both cases, Google picked up the domain leofinance.io.
  • In the case of keyword "tokenized blogging" it uses the first 120 characters of the post which follow the cover image.

I have no idea how this post did in other aspects of SEO, so I'll leave that for SEO mavens such as @forexbrokr and @hitmeasap.

"Tokenized blogging" looks like a keyword we can take advantage of from an SEO standpoint; I just didn't expect my page to be the leading post rank that high so soon.

As for "Hive-D4" that one is pure bonus -- I coined that term for the day Hive blockchain went online (2020-March-20)-- and it was a play on "ID4" which was shorthand for the 1996 cult classic movie.

My post on the SEO aspects of the post referenced will be up within 2 weeks after I get the other 2 out of my queue, but i had to share the SEO impact here tonight.

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Thanks for that. Very useful to know and integrate those words into posts.

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I should have mentioned this too...

The page ranked #1 on Page 1 for Google's SERP for the keyword "tokenized blogging" also comes from the leofinance.io domain. #3 is a post published at the hivehustlers.io domain.

Google picked up "about" 1,890 search results for the "tokenized blogging" keyword.

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Cool… thanks for letting us know!

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Good morning, want to ask , what can be the worst case of hbd ,we all see what happen to ust of luna yesterday even when is stable coins that give apr like hbd ,why did they dumb it like that and can this happen to hbd also

I don't think it will happen because there is a haircut rule and HBD won't be printed once this is reached. So there is only a certain amount of Hive that can be produced. However, there are a few reasons why I think it won't crash as fast as UST. It takes 3.5 days to convert HBD -> Hive.

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There are defensive measures in with HBD. We also have the internal exchange and pHBD holding up well. So if the price of HBD dropped a huge amount, people would buy HBD on exchanges and sell pHBD. This will put more buy pressure on HBD.

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