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Does The Market Affect Your Hive Activity?

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@l337m45732
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The crypto market being in a downtrend can affect people in a lot of ways.

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Something I've Noticed...

Now before I get into this I feel like I need to say that I do not think this is max pain for crypto. I don't think we're technically in a bear market. I think we're seeing the effects of the whole LUNA and UST collapse play out alongside a lot of uncertainty in all markets, not just crypto. What I do see is some sideways, or maybe even upward activity for the next week or so before another dip hits. Also I'm not a professional trader and am usually wrong about market predictions so take that for whatever it may be worth.

Anyway - something I've noticed is... When the crypto market is down, Hive activity seems to slow down a lot. I have not looked at the actual data to back this up - I'm just making an observation that, at least in terms of posting, activity seems to slow when we are in a downtrend.

Looking at the recent LeoFinance Engagement report by @abh12345, I noticed that there's been more commenting as of late. This is a good thing for many reasons. Despite posting seeming to take a slump in down markets, engagement is still up.

Again - I have to make it clear that I am purely just making an observation from my point of view. Maybe I'm totally wrong.

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I think this is mainly related to less news about what's happening with crypto, and more focus on price action. I regularly check websites like CoinTelegraph and CoinDesk for news, and I've also noticed that a lot of the articles about actual news-related stuff start to slow down in down markets. The attention always seems to shift focus to what's happening with crypto prices.

There's nothing wrong with checking in on the price of your favorite cryptocurrencies every day, and there's also nothing wrong with writing about crypto price action. It just gets to be a bit overwhelming when everyone is doing exactly that. As someone who has been in crypto since 2015, I've seen enough price related content to make my eyes bleed. I don't hate it, I just much prefer news-related crypto content.

People always say the most development and building happens when prices are down. Developers are hard at work coding so they don't have to go work at McDonalds, and content creators are hard at work creating more useful content.

original artwork by me, contact for professional photoshopping lol

We don't want to end up like our bois Khal and Neal in the photo above, getting that bread at the ole golden arches. This is why it's important to continue creating content even when the prices are down and you may be in a slump. Even when there's not a lot of news out there, there's always something to write about. Whether it be fundamentals, educational content, or even something totally unrelated to crypto.

This is the beautiful thing about the broad spectrumm of Hive. There's no corner you get backed into that says you can only create certain types of content. There's no limit on what you can create. Down markets are arguably the best time to be creating content, because you can earn even more HIVE and HBD. Plus if you're posting in communities like LeoFinance, you're earning LEO tokens.

Take a deep breathe. Zoom out a little bit. Look at the bigger picture here. It's not all about crypto prices. It's more about building your stacks for the next big market rally. Set yourself up for financial freedom. Buckle down and create good content. The rewards will come in due time, even when it may feel less hopeful.

Do crypto prices affect your activity on Hive?

Let's talk about it.


Posted Using LeoFinance Beta