I'm still powering down - But I have more thoughts

I was thinking over the weekend about the "problem" with $HIVE dropping in SATS to below 1200 SATS, and think now that this is a problem with the money of the internet, people can't use it!

So, that means that even though $HIVE is also money of the internet, people are still only comparing it to USD, a currency that people can ACTUALLY use.

HIVE is dropping inversely to BTC over the last view days. The first chart here is BTC-HIVE on @bittrex, and the second is USD-BTC. Its pretty clear here that as BTC goes up, HIVE is going down.

Here is the interesting thing

Over a very longer period of time, since USD-HIVE is something that is VERY low volume, you can see that it is actually pretty stable around $0.14/HIVE.

Maybe things aren't so bad, but ...

I'm still powering down. I'm on the hive blockchain and have a wallet of BTC because its the future, its the currency/money of the internet. I don't care how it compares to a FIAT currency, but how does it compare to the reserve currency of the internet.

BTC is the reserve currency of the internet, and everything (even ETH) are alts. An alt lives and dies by the BTC currency pair, and that is the only pair that I use to make my technical decisions. If a currency is rises against BTC, to me, that means that it is gaining traction and will likely survive the next bear. If its dropping, it is likely going to zero, unless of course there are a couple whales that are going to do a pump and dump.

LEO isn't a real thing.

There was a comment on my last post about $LEO reaching a "stable point". Here's the thing, as great this community is, I can't trade LEO on bittrex, and if HIVE dies, or worse becomes a zombie, then so does LEO.

I don't think that LEO can run without the hive chain, and without the chain there is no LEO.

Posted Using LeoFinance ^Beta