Hive Ecosystem: Crypto Market/Other Musings
So what is the deal with Litecoin? Is Walmart really adding this crypto to it’s online payment gateway? Well tweeting and deleting posts is what occurred today sending Litecoin sharply higher. Yet, now Walmart is denying it entirely.
Fake news perhaps? Or possibly some much needed FOMO to juice up the crypto markets. Maybe we should take an extended look into my crystal ball. I truly believe that crypto itself will become accepted by retailers nationwide in the States.
This will occur practically overnight and without warning. Now, I don’t have a time table since I’m not a prophet. But you can see the writing on the wall. Many business leaders are aware of the legacy system issues.
They also know that there are greater profits to be had in the crypto sphere. And more importantly more available currencies as opposed to the one single US Federal Reserve Note. One system is on it’s last legs. While the other is barely in it’s infancy.
Now I just love how the media tries to spin a causality narrative between the stock market and the crypto market. They are not one in the same. If the legacy system disappeared tomorrow the blockchain system would still exist. If the USD went to zero the price of bitcoin would be ♾!
With bitcoin under 50k the market might make the ascent to 75k. However, remain cautious since there may be some FUD going into October. Whenever the markets consolidate the media will act like the sky is falling. Choice words like collapsing or plunging are used to scare hodlrs from their bags.
Don’t be fooled. This journey is not a sprint but a race. A race that will reward those who are patient. And it requires those of us to see the long term picture.
Speaking of long term I love the fact that Hive is trading close to that dollar price. It can be a frustrating endeavor watching a project trade at such an inexpensive price. I’ve seen other crypto projects trade for higher valuations yet solve nothing. Or NFT’s that will never cash flow go for millions??
Again, mass adoption in crypto will occur when the average person can earn as opposed to invest. Not everyone has the capital to buy Sats. But they do have human capital. And human capital can enable anyone to start with nothing and turn it into something.
The Hive ecosystem provides the tools necessary for all people to participate in cryptocurrency. And when this thing all comes together people will start to final realize what we all know. It’s a great platform.
Rewarding people for doing what they already do is the key to success. Playing games, exercise, writing, etc. The important thing is that human action is going to become the biggest crypto miner around. Forget the Ant miners. People action is where the real money will be made.
Why buy an expensive miner when you can become the miner. Although crypto mining serves it’s own function mining crypto without the hardware will make more blockchains available for people.
When it all boils down abundance is where we are headed. It won’t be a straight path however. Volatility will still play a key role in day to day trading. Yet, mass crypto adoption is upon us.
Posted Using LeoFinance Beta
