ALWAYS ASK THE MARKET
What a dip by #BTC after the news echoed that the latest #cpi dropped again since forever. No need to put a date on the recurrence of the economy cause everyone got hurt in the making. As you look at that chart of #BTC, it s getting real even crypto transactions affect the market as a whole. Hope it is a good thing crypto trades 24/7 you get to witness the rebound right away. It is a sense of adaptation when you try to put together all the numbers out there.
While crypto as digital assets are having a hard time to grab market share fast enough, it shows a subdue momentum where crypto is in a class by itself. I tried to read about #Gold via the site I took this pic, they are as quiet as it can get where #gold is heading. I read they already push the growth for #gold for 2023. Someone finally threw the towel on precious metals. The connection you can understand about all markets is sitting well with how the FED is reacting with an influx of data like the latest #cpi.
Again #crypto is not waiting, it is moving quick when the dust settles. I am not saying #BTC will grab $20k tomorrow, All I can see the resilience is strong. One minute you can read the resistance is right where we are. The banks are aligned to push crypto over the top. The next minute we hear them saying, is $10k the next stop for #BTC? When you take into account #liquidity, it is easy to say the market next move.
While #BTC is taking a beating, there are thousand waiting to purchase it at a lower price. Keep in mind many are buying just for regular use case. Putting all together you get an image of supply and demand of #BTC or any other token in the market. Always add in the mix the emotions surrounding the market. While inflation is holding the whole financial problem, there are more causes making it worse day by day. I can easily mention the war putting a pressure.
I have to mention as well the miscalculation of fiat currency in our system. Deep inside it was meant to inflate and cause problem at all causes. You probably heard about #USDT getting rid of all its commercial papers. Building trust by removing them? Hard to know. Business as usual cause most countries do not like stablecoins. You get the feeling. They want to control how money is injecting into the system where stable coins are helping in this kind, taking the forefront of digital assets.
The more you get to pinpoint the financial system even from looking on the outside, it gives you a clear path why crypto is succeeding. It is every passing day a matter of when and then what is next.
The market speaks one language: volume. We all know crypto can deliver and well coexist with what can get through. October seems plausible knowing the weather is changing and status quo only hurts the reactive ones.
LPUD STILL GOING STRONG
Due to the advancement of #hive blockchain, all diamond hands are making sure we are back in business. Definitely we are. #HF26 is faster, quicker, neater and everyone is catching up. Hard to patch everything afterward but it is running as presumed. Bugs will be bugs. After each #HF, we have to go to the drawing board. New things to learn and get accustomed to. #RC delegation will help tremendously. #RC consumption is a way to fully grasp with value of holding #HP. It is more than ever an ideal fact for the success of #hive.
Custom json will require more #rc. This could mean layer-2 will need more support and it will exactly bring awareness to hold and push the need for #rc delegation. By the way #LPUD is still going strong. We are two days away. Right at the end of the week. Saturday is a fun day. Hope everyone participate and keep #leofinance high. I am getting ready myself and see the market reaction. As always the market will tell you the state of the token.
Keep on vesting.
Posted Using LeoFinance Beta
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