Well, it would be a lie if I said I'm not surprised. I kinda thought we find legit support around $1.3, or more importantly around $3K SATs - guess I was wrong.
We can all agree that the whole market looks like shit, and I'm hoping for a bottom confirmation before new leg up. We're going sideways for quite some time and I'm a bit bored by how things look ATM. I suppose the market is still indecisive given the monetary policy FEDs imposing.
Of they continue reducing their balance sheets whilst decreasing inflation, upon which the market is totally dependent, things might look like shit.
We'll see.
But I just hope #Hive won't dip further, otherwise we're fucked.
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I'm not worried. Crypto is notoriously volatile, and I think right now it's being affected more by the collapse of the Chinese construction sector than by what the Fed are doing. Plus the antics of a few corporates and whales trying to game the system, of course.
But if Hive dips, I'm confident it'll come back up again in due course, because the ecosystem is growing so well and providing value to users. It would be useful to know if there is a market cap figure below which there isn't the liquidity to cover the running costs, but for most of the first 2/3 of 2021 it was around the $0.30-0.40, so I don't think we're anywhere near that level yet. So I just see it as a chance to buy more while it's at a good price :)
Not entirely sure but you're right. Definitely something to consider.
Yeah, I'm aware of the volatility but I thought we had stronger support around 3k sat lvls. Sure, we haven't dipped much though, these are just my concerns regarding the market in general. Wonder when and if the market will become uncorrelated to traditional ones
I don't quite think I'll buy more because there are more lucrative projects out there and I'm feeling comfortable with what I have already. But I'll stack most what i earn through curation and posts.
Are we fucked then?🤣🤣 Summer 2021( 6 months ago) we saw prices down at $0.2. I am not surpriced about a litle throwback now. Time to accumulate!😎
It's not a little, if compare to $3.3 we've touched 🤣