THE BEAR IS STILL AROUND
Running through the last stretch of the year, it is right to think everything will be green to the finish line of 2021. Not so fast holders, we have to understand the time we are dealing with. It may sound like this is a week before the last run. Looking at October, it was the best month of the year as of #btc growth year to date. For the quarterly number, we are still in the green, so the bear and the bull are partying in a way.
If you look only at #hive the story differs greatly of what the top 10 tokens are telling us. So much is riding on the back of crypto these days. Inflation could be the biggest story teller. Apart from it there are other issue we have to deal with. I hope not the news about the US dropping $56 million worth of crypto on the market will make such a pessimism run downstream.
Usually a drop in price has a lot to do with short seller, traders looking for profit when they see the market moving sideways. Knowing the contingency in place the market tends to react quick with weak hands. Any little movement kicks them out. The time is ripe for holders to cement their position.
Crypto story is a long shot for the next 10 years. So much will come to whoa everyone. We have not seen any big move since Michael Saylor with #Microstrategy and Tesla made the big purchase at the beginning of the year. We thought the $100k price tag for #BTC is near. I think we have days by December to think otherwise.
While price should not be the main focus, #DEFI is the sleeping beast. This is where crypto will shine in the incoming month. DEFI itself could be the backbone of the crypto to come. Every time I see the value of Leofinance with #Cub and soon to be #polycub, I see the production of what crypto can do. Bear market, bull market, crypto will keep you busy for years to come. Seeing red today is an opportunity to see green tomorrow. You just have to buy the deep so you can reap the top. If you are looking for a reason to buy, I guess this is it.
Keep on vesting on you.
Posted Using LeoFinance Beta
Bears will always be around and markets don't always go up. Sometimes they take a break but you shouldn't go buy anything you see. You should choose things that you research and believe in. The dips are an opportunity and they have their own risks. However if I were to choose between HIVE or DOGE, I would choose HIVE because of the development happening here.
Posted Using LeoFinance Beta