Bitcoin and other cryptocurrencies finally recovering after a horrible week - Hive up 13% (December 7, 2021)

While most of the controlled main stream media are still hammering Bitcoin, like their big opportunity to bash it finally arrived, the cryptocurrency is slowly going up again. I personally still believe a value of 100.000 is possible by the end of the year but people right now are fearful. I think it will depend on how prices move over the next few days. People will only jump in once they feel safer again.

Here is something much better though: Hive is up again too and outperforming Bitcoin. At the moment I'm writing this, the Hive value is up almost 13% just today. So all of us together are staying strong, and if we can do this during a crash, it means Hive is there to stay, and it might even reach the moon.

The Metaverse currencies are a little less successful than expected, then again I would argue that it went a little too fast there and was hyped up. It will stabilize and recover slowly.

Investors would be mistaken to ignore the rise of cryptocurrencies, said Douglas Boneparth, certified financial planner and president of Bone Fide Wealth in New York. "It’s definitely a bad idea to stick your head in the sand and assume this is nothing," Boneparth said. "The reality here is you’re watching an entire decentralized financial system being built before your eyes."

He recommends people educate themselves as much as possible on the technology, and then they can determine if they should be invested in digital currencies and if so, how much. Investors often fall prey to the social bias of "herding," said Kent Baker, a finance professor at American University. In other words: They do what the crowd does, believing that everyone else must know more than they do and that there’s safety in numbers.

For today, nothing but good news. Bitcoin is back.