That would be so simple to think we have two great DEFI platforms open to Leofinance users and value will come running to all tokens holders. It has been that way for couple of days and suddenly one or two actors sold their shares. Before you know it price came down crumbling to where it may have to be for the future.
As you know this is the beauty of DEFI, folks buy and folks sell. This is a free market after all.
Putting risk to the side it is loudly clear how market functions. You expect to see positive along the way. Some have their agenda where they come to mess things up. Last February if you hear the job market in the US, it was looking strong as many people did find job and it shows March will be even greater to combat inflation.
Here comes end of February, issues in Europe with war on the radar sending all hopes running for cover. Emotion runs so high, it took oil barrel with it. If you drive a lot like me, you can feel how hurtful to feel the tank. Actually it was hard before then but now one dollar was added still then. You may wonder what is the state of the economy?
Simple answer: inflation with a lot of scary features.
The connection can be felt across all markets. You name it stock market, crypto market it is strengthening effect to see how we exacerbate risk. Some risks are okay while others can be perilous when you look through the lens of the financial world. Despite all that are happening we got to move on and stick to the plan. I am glad to see the community stick with Leofinance and hopefully #polycub will rise again. It may take a little bit of time but it looks promising.
By now we should be all in the same page with interest rates. Hive has the sign all over the place. #HBD is no stranger to the 12% many chaerish and position themselves to carry it and keep holding the stablecoin.
Hive powered is doing the same through an inflationary rate of 2.87%. it depends on the blockchain as well. So while we are accumulating and earning, curating we are being educated with a simple system that underline the whole financial system.
You may not see how it works unless you hold quite a few tokens.
This month the FED will try to control inflation by raising the rates.
I am going to see how it will work and curve the rise of everything through inflation.
Just a note if you are accustomed to this game on the blockchain, #Dcity. The president of the game has the power to curve inflation *the issuance of sim tokens. That way less tokens hit the market. In the long run it could be the same thing but in the long run the FED may try not to mess up the economy.
It is complicated. High inflation, war, emotions. I guess the whole world is living under the risk umbrella. While risk tends to be awful just to think about it, it boosts a creativity to try harder and get result.
This is the mindset I see with crypto.
It has to succeed by all means.
Hive teaches us so much. I guess you dig deep and keep vesting in the blockchain.