MONDAY LOOK WITH SIDEWAYS MOVE

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We are deep entering the second week of January. The market is moving business as usual. It is no change whatsoever with #BTC no knowing which direction to take. This is definitely possible with the announcement of the hike coming soon for curve inflation. It is hard to see details after details the mindset of the holders remain steadfast. Yes value wise it is status quo, in the long run, it seems it will get worse before it gets better.

Understandable with the way things are. It seems the true support for BTC is around $40k for most part of the day. Supply and demand are holding BTC where it is. The sentiment of the market is rather pessimism knowing big investment can make a big splash in crypto ocean. As you can see Altcoins are the ones taking most of the hit lately.

Even our diehard #Hive is dwindling down to 3130 satoshis. So far the price is comparable to BTC. Hopefully we do not see a $35k/BTC otherwise the whole market will adjust as needed. While everything seems worrisome for many, the core players are holding just fine. At least we need them to hold and weak hands will do their move.

Sometimes it is not really weak hands, it is just how the market behaves from seller to buyer mentality. Usually the buyer will hold tight until the seller bulges. Whoever wants it the move make the first move. Lately the sellers are making the move to clear their hands pushing the valuation down.

While everything is happening, one BTC is still one BTC. Just like one Leo is one Leo. Same thing for Hive. IF you have a lot more will be given to you. Usually folks with little tend to sell quick than the ones with heavy hands. I have seen many are selling within Hive ecosystem. It is healthy along the way providing liquidity otherwise it will be a stagnant blockchain and ecosystem to attract newcomers.

There are some decent news. Bill Miller betting big on crypto. Time will tell how many Bill Miller we have out there. These days it is more like an accumulation phase for crypto. He mentioned investing in BTC is common sense since there only be 21 million ever existed. I think this is the major use case for BTC. Fix amount is the selling use case.
For Hive it is something else. It is more like the door to WEB3.0 with a taste of social media with everything that comes with it.

It is not just crypto moving sideways, the traditional market is shaking up and as you know companies will declare their quarterly numbers going forward. The Fed with plan to hike. Inflation talks. It is a pure mess. Finance does not move well with mess. Sometimes the same mess pushes the market. Weird it could be.
January itself could be lost if this week doesn't show other signs than the ones we are seeing lately.
This is part of the deal. Just brace and take care of the dip.

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It is time to endure the storm that is coming while the #BTC continues to fall a little every day, we must have firm hands what better things will come for us who trust in #Hive

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(Edited)

The thing about bear markets in crypto is pick a doomsday price and then cut that by another 75 percent and you might be somewhere close.

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This is something worth thinking.
Asking myself why things have to go that way.
Forgot to ask the same thing when everything was moving up joyfully.
If I can take the positive, minus well accept the negative and put it to use.
Best time if I know the doomsday price to buy and wait for the bull.
Wish your calculation sticks.

!BEER

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Fiat is worse when you see crypto in disarray.
I ain't going anywhere.
Hive is my home.

!BEER

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It is true the #Hive family is our place in the world and we do not move from here

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After the trainwreck of late, a sideways move is welcomed.

The markets were rough to take for many. I did some buying on the dip.

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I did buy as well.
The problem is you do not know the true bottom.
Very good to buy cause if the bull is up
you better be ready for the ultimate run.

!BEER

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One thing I realized - I do not like price drops but I am not too much worried either. Defi, passive income and staking have been blessings.

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The analysis for BTC is kind of weird but I will be watching where BTC closes at the end of the month. I think we definitely need to close above 40k this month otherwise there will probably be a lot of bearish sentiment in the market.

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