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...and now what?

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@toofasteddie
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What am I going to tell you that you don't already know by now, dear holders?

(Note: I received this pic by Telegram from one friend of mine,besides that, I don't know about its original source)

Market Crash

As many predicted, we already have the expected market crash with BITCOIN below $35,000 and ALTCOINS falling twice as fast. From here, as I told you several posts ago, my strategy is accumulation practicing the DCA, you know, buying BTC and other cryptos that I am interested in all the way down on a weekly basis, a fixed amount each time. What are our friends the top100 whales of BITCOIN doing? These last 4 days there has been a notable change in their behavior, there are even more whales that buy/accumulate BTC between the range of $43,000 to $35,000, however, the BITCOINS sold by these addresses have increased dramatically. If in the last post these addresses bought 57000BTC and sold only 5600BTC, during these days, the ratio is 59000BTC bought and 41000BTC sold, that is, we have gone from a BTC-Bought/BTC-Sold ratio of 10 at 1.5...

So, even if it is stupid to say it and reiterate it, yes, we have to confirm a BEAR-Market and recognize that the above was only a "Re-distribution" phenomenon.

DCA

Yes, this seems like the smartest strategy on our way to the catacombs. As you can see in the Dominance graph, BITCOIN rises like the foam of a good German beer, and the blow that the altcoins are taking is tremendous.

Perhaps it is a good time to start accumulating those altcoins less shitcoins that you like but never leave aside the idea that BITCOIN is what is interesting in the long term at a decentralizing level (sorry for the others, I have it very clear). Perhaps its growth potential does not convince you compared to other more "promising" cryptos but, in my opinion, there are other things that should be valued as well.

Two types of BITCOIN holders and why the Market crash:

A) visionaries (the so-called maximalists, believers, holders, cyberpunks...) They understand btc, have studied it and adopt it more as an ideology, a philosophy, not as an investment, to get out of the system, change the world, etc. B) Investors, speculators, traders... etc., value BTC properties, but see it as just another asset, a reserve of value, a substitute for gold, great potential, etc.

Most today are still type B), when something happens in the world, inflation, threat of war, tax increase, regulation etc... these characters treat BTC as a risk asset which they have to sell creating a domino effect and moving the price massively down.

The good thing is that, as we are more and more holders (Type A) than short-term speculators, the effect created by the characters B) take the price of BTC to a higher floor than the previous bearish cycle, stabilizing the price for wait a minute since what A) guys do is buy, probably DCA and hold all the time.

Then, new news, new companies and institutions suddenly enter BTC, FOMO is generated again, type B) bets again and another wave of massive buying returns...

The case of HIVE

It is possible that of the altcoins out there based on PoS, HIVE is one of the few with a "true" assured and demonstrated decentralization, HIVE's DNA and why it was originated proves it. Remember, always remember our friend Justin and his dealings with steemit to centralize all this blockchain. What the community did is the largest example of defense of decentralization known to date in a blockchain based on PoS (or DPoS which is the same). There are no other cases that I know of and most of the rest of the PoS blockchains are centralized in the hands of their creators...

I am a type A) for BTC, HIVE and very very few others (RUNE is one of them), for the rest of the market I am pure type B)

What about you?

@toofasteddie

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