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Hive is up, but don't lose your head...

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@meno
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2 min read

No doubt everyone is pretty excited about the recent green candles we are seeing. Long overdue if you ask me, but I sincerely think we are just at the very beginning of this bull cycle.

We've all seen the chart, the "magical" explanation of how these things work. Even though I don't particularly subscribe to the idea of indicators being bulletproof, everything is pointing in the right direction to make this a self fulfilling prophecy, if you will.

Bigger picture

There are some of us who tend to focus on the last few days, and thus fall into the unbacked hype of a solid week. But, if you pay close attention, the climb up has been going on for over a year.

All this being said, and before someone "corrects" me here. Let me express what I mean by the climb up. I'm not referring to satoshis (because this would not make any sense), nor am I strictly referring to the dollar valuations we are seeing.

You see, the climb up has been the actual development that has been happening on top of hive. The reason why this is not simply some fat fingers triggering bots, and whey it's likely we might reach a sustainable and pleasant valuation before the year is up.

So, don't focus on the 70 cents we hit today(mind you from our ATL of 8 cent), and look at the bigger picture. What do we have now to offer users? Will people stick around? Will more businesses be edified on top of this ecosystem?

If you can answer yes to those questions, then you, my friend, are as bullish as you can be.

I won't judge

Anyone for selling as we go up. I've had to reduce my exposure a couple of times myself, simply because I had unexpected events ruin my plans, and life just happens. But, I strongly believe that the best is yet to come for those who can show strong hands.

In a month or two, some of us might be upset we didn't buy more when we had the chance.

MenO

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