BTC/USD band narrows - Will the dollar be worthless by wednesday?

We believe there is one last hurrah on the horizen for the USD. Another liquidity squeeze like we saw in March could even hit the gold price, in fact it is what keeps the price of Gold from breaking out even now. And we suspect BTC as well, if the dollar collapses we could see a rapid run up in the BTC/USD exchange rate.

But for now, the dollar is strong, and needed! Every one needs cash on hand, whether to prevent the consequences of illiquidity or in preparation to purchase opportunities at a discount. We will have to wait until Monday to see the results of USD's continued strength against our local currency, but the BTC markets run non stop. What are they telling us today?

Hive is showing life, after a recent bounce, lets see if the push has legs! We are not actively trading HIVE on any exchanges, but have considered it. If over the next month HIVE shows that it has found its floor, we will be tempted to jump in on the action!

On the HIVE-ENGINE front, there is more life now than when we first started writing, and there are some promising projects that we would like to write about in the upcoming week, including MPATH and ARCHON.

As exciting projects get built out on HIVE, we also have our eyes on Blurt, the fork 'promised' a listing by Binance's CZ based on a STEEM hardfork explicitly disappearing certain funds. But then losing control of those funds....some how ending up on Bittrex. Why anyone would send them to Bittrex, and how many years and how many lawyers Bittrex will need to figure out what to do with those STEEMS, is a mystery to us.

But BLURT! We will report our token adventures to you here, on our blog. In the upcoming days we will be back to ENGINE tokens, with our eyes on value after a rout, as the whole crypto market braces for the rest of the world to realize that decentralized finance development has made great progress since last time they looked.

This is not advice. It is history. Do your own Homework.

Posted Using LeoFinance