ph1102 3Speak Podcast

Strange Times... .:. Walk & Talk Series


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https://3speak.tv/watch?v=ph1102/fdvwztjrru
After a 2-month break, it's time for another Walk & Talk video! I do like to share some of my thoughts in this format, but as winter came, there aren't too many nice days to do it... So, when I saw a beautiful day this morning, I had to click the record button and share the part of the route where I was walking... Plus, sharing some of my thoughts on the current state of crypto... (btw, the cover photo isn't from my today's walk, but from my visit to the car show... more about that in a future post 😃)



Created in Canva.com, with my photo from a walk in the background

Recently, I was quiet on HIVE, but I did follow the dramas here, the broader cryptocurrency markets, and also macroeconomic news. Two things got my attention... One of them is the "fear and greed" index for crypto, which has been under 30 for almost a full month, and hovering around (and under) last week or two... Usually, that's the sign of bottoming, but the problem is that the indicator can stay low for several weeks, and even months... On the other side, knowing that crypto prices are going down, it's understandable to have the fear sentiment!

We have the same indicator measured for stocks, which is moving around similar numbers... If stocks were in the same position as crypto, that would be normal, but they aren't! NVIDIA was printing ATH numbers for weeks, other big companies are also in green, but it looks like investors aren't buying it! Something smells fishy...



The second thing that was rather a reminder than news, is the fact that many altcoins have already dumped over 80-90% from their ATH... Unfortunately, among them is our HIVE, too...

Yesterday, I was watching a YouTube video where the author was talking about his investing strategies and what triggers him in the charts to push the BUY button... Seeing a coin chart going down doesn't have to mean it will die, especially if there is development despite the "bad" price action... You and I may have doubts about crypto, but consider those who are heavily involved, such as developers; they likely have their doubts too... Moving forward and building in the bear isn't easy, and those who do are extremely dedicated people... If they can build in the bear, they will build in the bull too!

It sounds corny, but it's worth being reminded that the wealth is built in hard times, when nobody is looking, when everyone is panic selling... Of course, not all coins will survive, so pay attention to details, research coins and teams behind them... If they are building and buzzing these days, that's a good sign!

Check out the short video below from today's walk where I shared my thoughts about these things...

Thank you for your time.

--ph--


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ph1102 3Speak PodcastBy ph1102