So Bitcoin is taking a breather today. And that is ok considering the massive run up. But if you read the headlines it appears like the sky has fallen. Many of the media outlets today are out in full force.
They like to use choice wording like plummet or plunges. Suddenly an asset class decides to “consolidate” yet to the media sensationalism never ceases. The goal is obvious; scare the masses into submission.
But lets look at this from a different perspective. Would you rather an asset have a blow off top to $500,000 only to collapse later? Or would you take the consolidation period building a price support base.
Bitcoin is volatile there is no mistaking this fact. Maybe in the future price extremes may skew. However, listening to talking heads spew their fear mongering is so early 2000’s. Moral of the story buy the F$#* dip! :)
Which leads me to the Hive ecosystem; Hive and Leo to be exact. There are some important updates on the horizon. Alts today are also taking a breather yet lets not get complacent lions. We all realize what the market does not.
This platform will become the standard for future blockchain projects. A way to “earn” crypto which I believe is the major sell point for this chain. It is why I have invested time and energy in it. I also believe that the market will someday need to play catch up.
When the catch up phase occurs we may see sizable gains for the entire ecosystem. Undervalued assets can cause frenzy buying as FOMO sets in. The way I see it we are at the right place at the right time! :)
With that said stay the course. I believe crypto is about to have it’s mainstream party. We will all benefit..and soon. :)