WILL CRYPTO STAY ON TOP AGAIN?
From time to time I pay a visit to #visualcapitalist site to look at graph and picture in my head what did happen in a such period of time. Needless to say I found this one pretty much revealing why crypto like BTC dipped today. It is getting clearer the correlation that exist between the crypto market and traditional market.
The volatility aspect is well alive, attributing to an erosion of 6% for BTC. If you have the opportunity to look at other tokens, the slide is uniform across the board. Going back to the activity of asset classes in 2021, BTC as the lead crypto did hold a formidable lead. Just today alone $33+ billion in transactions.
It shows the use case for crypto is well alive despite the drop in value. Will BTC mount another top shelf for 2022? I think it is possible within the line and value it brings to the market together. I know a spot ETF could enhance that possibility immensely. While looking at different asset class, #gold is on the other side of the spectrum. It is a viable example of stable asset class. For 2021 #gold was not on the best performing act.
Surprisingly oil is in second place. Electric vehicles are moving quite well. Tesla did over deliver with shortage insight. It shows the economy did move sideways but the rebound is real. The news today is another point where controlling parties are mixing result not knowing what will work. This is what I call, they are testing the market to see the reaction.
A day like today could torment your plan if price is what you care to look at daily. Reading a post from @lbi-token I was digging a little bit more and it was simple as what Warren Buffet said. Stay within your competence in investing. Keep it simple and stick to your plan. I think the schematic is clear. This year could go any direction.
#mtsr may still buy more BTC. Regulations could dampen the positive trend. Actually January did not offer any of effect of the bull. We are in a status quo with the crypto. I can tell you holders are making sure the price is right. Red market always brings opportunity. As long it make sense and you see yourself on the other side, it is a good deal.
While BTC is doing its tantrum, Hive is maintaining an impressive slate for the community. I know airdrops are in the horizon, the use case these days is amazing. If price is what keep you connected with Hive, you need to think again. Better things are coming for this blockchain. I am waiting to see how #hbd will change how we understand everything. I stumble upon a site by a witness giving a easy to understand HBD. This site is connected to Hive site but you can go there and you will see it for yourself https://hive.ausbit.dev/hbd
If there is one thing you have effortlessly, it has to be information to better yourself. Hold Hive is one, looking for info to hold more is priceless. Keep on vesting in you.
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