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Lately the news cycle is running at a speed where it may be hard for anyone to act on all the news around the world. Things are happening and before you know 2021 is over. As always it will be Friday to Saturday another year another day, life continues. For many it will be a long weekend. One cool thing crypto never sleeps. We will see the ascending factor for another special year.
Lately Hive has been on our mind for a good reason. I would say the NFT #Punks are the thing of the hour. I did manage to get a couple. Like they say NFTs are just the beginning stage of what crypto will be. Nothing is set in stones. The value you see today could explode tomorrow or could go all the way to zero.
#Hive is on a roll at a time where we could think otherwise. I know the exchanges are helping but the community is stronger than ever. Liquidity is good but I think the community prefer to hold Hive these days. I am seeing the dollar as a sign of new avenue. As long resistance can build around it, we could see #Hive in a difference lens going forward. A dollar ,90 cents, you name your price, Hive is moving up just fine. There is more in Hive upstream than downstream.
I saw that trend way before the price move. Actually the price move makes it harder to earn more Hive. The reward pool still produces the same amount forcing to share less Hive to the price increase. Unless you follow the trend you could be left behind unless you have a strong back up to carry you at any price. Hive stands to teach us a lesson however you decide to do in the community.
This lesson will keep us connected even more. By the way shaving what you have for some profit could make sense as long you keep your trajectory intact. It is a long way home for everyone.
It is just mid-November, If we continue to see this pumping continues, it could be a call for $3 on the way for December. Again Hive can easily absorb these numbers due to the effect of the strength in the market. At one time we thought #inflation was the problem for Hive. This analysis was shut quick since we do not have enough Hive for everyone. If you are selling you are helping someone else dearly to hold and reap the reward of the blockchain.
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IS CHINA THE RICHEST?
While China outright banned crypto in a way in the mainland, the country has amassed a lot of wealth in the past 20 years. From $7 trillion to $120 trillion in 2020, are an exponentially huge jump to their economy. Do not forget the country has more than a billion people to control that wealth. as always just 10% of people are controlling such wealth.
It is not only China, this is the setup of the world in general. This is why crypto stands to decentralize the economy as it is taking ownership amongst regular folks. Clearly the jump in wealth around the world has a to do with property value. In the US this is the trend. It is getting harder to find a decent house for sale. You probably heard about the Evergrande crisis and it is no where to end calmly.
INFLATION IS STILL TRANSITORY
Every time I read about inflation, I beg to understand when the end will come. Not long ago I saw gas price coming down. This week it went right back up to 18 cents. While I am mentioning that effect some parts of the world the price is always high to push their citizens into electric car and public transportation. In the US, driving is what everybody does. You can see why it is so frustrating.
Somehow I do not see a cry aloud. People are paying for it and life seems going the way it should be. While the abundance can be seen throughout the stock market, it is coming slowly to the crypto market. Almost $3 trillion and counting. Patience should be your best friend these days. Beating inflation is how you counteract with the rising price of goods. Production seems to be a good indication on your part to stay afloat while abundance is ricocheting in your corner.
Hive maybe a sign that anywhere you are in the world, you can have a taste of the abundance that is coming. At any moment what you see today can come down. Keep in mind always invest what you can afford to forget for a while. Seriously you know the trend, this is November. Be ready for any situation. Keep vesting in you.
