Crypto Talk & Views On The Current Market Sentiment
Hello there guys, it's @Joetunex and @Josediccus here again. In today's podcast, we talked about the Crypto market in general. January seems to have heralded some good pumps as against the general sentiment and predictions that happened throughout December. Not everybody expected recovery or hoped to see some green in the market, especially since there were predictions of Bitcoin going as low as 8k, but this never happened.
However, the effect of FTX seems to create the impression that this isn't a sign that the fortunes of Crypto are changing anytime soon. However, we discussed the quick recovery of Crypto and how it generally went against the predictions of market sentiments.
This made us conclude that the market has developed a mind of its own and instead of people choosing to make predictions, they can choose to build and DCA into their favorite project. We talked about the positive to take from this recent price, whether we might see another massive dump or whether it's the beginning of a bull run, the positive to take here is that it's comforting to see some green in the market after months of constant annihilation.
We also talked about DCA in the bull market and how the project matters a lot. We reiterated the importance of building irrespective of market seasons and how a long-term mindset towards crypto is totally rewarding.
▶️ 3Speak
The market is turning up quite better than expected, at least hive seems to be consolidating just blow 40 cents..
@tipu curate 3
Upvoted 👌 (Mana: 10/40) Liquid rewards.
I was getting all emotional with this recent changes in the crypto market. I have been consuming alot of information that advocate to buy low and sell High but this is really not that useful if money is not readily available to buy.
But Your rule of thumb that promote to stick to the plan, to focus on individual strategy and aiming for long term goal makes it more sustainable to invest in crypto 🌺☺️.
Although, buying crypto as a routine and not necessarily wait for a price drop needs someone whose emotionally stable when it comes to money.
The timing of this podcast is impeccable.⭐💫
It is not easy to exclude emotions from crypto investments, but we must have control over our emotions and be in a state where can have control over our investments.
Haven been rekt a few times in the past I learned finding a sustainable investment and sticking to it regardless of market movements has so far worked better than my previous experiences.
"Buy low and sell high" is often preached all over the place but where do we get money to buy the low? I was unable to buy the lows of 2022, thankfully I kept earning cryptocurrencies on Hive through my activities.
Many thanks for watching.
Posted Using LeoFinance Beta
Yeah it's definitely not sustainable.
I think hive stands out if one is to just stick to the plan of buying. The more you buy the more your money works for you and one doesn't have to rely solely on the market to grow their investment.
But I still have to recover from the the bank's "greed" and trauma it puts me through when I was trying to save money versus what I am experiencing here especially now when my HP has improved.
When I see how HBD savings works here, it made me realise what the bank does- they would take my money to loan someone at 20% interest rate especially for credit card holders and only give me between 3-7% for a fixed account. Not even a half.
That's what got me sold when @joetunex introduced me to hive. It is the best lifetime gift of knowledge🎁💫☺️.
Posted Using LeoFinance Beta
The 20% HBD is just astounding, there's no bank in the world that'll offer this for any stable asset. However even if it's at 10% the fact that you have control over your assets and not having to go through the bureaucracy of the banks is totally divine.
In reality, building with hive brings inevitable blessings, it might just take time, but hive is the real deal
Posted Using LeoFinance Beta
Indeed! Bank will never give such, it would rather collect that rate from its client through personal loan and credit card interest. I'm still curious on how this 20% HBD algorithm works.
If one is just being told and haven't been on hive to witness it yet it really sounds too good to be true. On top of that those are monthly interests and not long-term fixed. And the fact that it is backed up against the dollar makes it even more appealing.
That's true! What the banks offers is not even worth all the trouble one go through and they keep their clients in the dark. One can't even monitor realtime daily changes on interest earned until month end in most of the savings accounts.
I admire you for spotting the opportunity Hive has and how you have embraced it.
You made me realize Hive is not for everyone, some fail to see the opportunity and not all can create content, or rather some think they can't create content.
Amongst all the I have onboarded, I am most proud of you.
Keep building your stakes 😉
Posted Using LeoFinance Beta
One has to be stubborn not to realise this opportunity. The nice thing about Hive is that it speaks for itself and the evidence are there. One gets to see the gains and decide for themselves.
That's sweet, thank you!☺️ You have been an amazing hive mentor and you gave me a kind of support that you guys never had when you were newbies. I am grateful!🌺😊
You are spot on with that.
Posted Using LeoFinance Beta
☺️🌺