Bitcoin Bulls and Slow Recovery Of Hive
Bitcoin Bulls seems to be back as it surges above $66k with a 4% increase in its price. To keep the upward momentum it needs to maintain this level. It is necessary to stay above $66k to avoid the bearish reversal. However the big economic events may impact its price.
Despite of the sell pressure , Bitcoin price is rising which is good for the overall cryptocurrency market. German Government is no more in the headlines as they are out of Bitcoins now but we still keep hearing about Mt Gox repayments to users. But it seems that Bitcoin doesnt want to pay attention to the Mt Gox matter.
With Bitcoin price surge to $66k , it looks like it will cross $70k in no time. To my understanding, once Bitcoin climbs $70k then it will start pushing altcoin prices. Altcoin season will melt faces as this time its going to be bigger one all you need to do is hold solid coins which are of good strength.
Lets hope that Bitcoin maintain the momentum and dont fall under the bearish level otherwise we may see another reversal trend which may push down the whole market and cause damage to the altcoins.
Altcoin season depends purely on Bitcoin as it is the key factor to drive up altcoin values. Once it climbs to a significant price the altcoin season will begin. In short we need to see Bitcoin showing its magic which could be anytime from now.
If you are a Hive user and hold a significant bag of it then you must be thinking about its price going down day by day. I know it hurts, This is a common reaction of an investor when he sees his investment going down.
Hive is not showing growth in terms of price as compared to other coins. The market recovers well but it is going down instead of going up. The recovery is very slow which is something we dont have control on it.
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Hive do not follow Bitcoin and rest of market in terms of price recovery, it seems following its own patterns. When market goes up , it goes down , when market goes down it goes up. It just dont care about the market.
Hive is a gem but actually we are failed to attract masses. I am just an ordinary user and dont know the true cause of this failure. However the big hands should come together and find ways to bring Hive to masses.
I know that we have people here who are doing their best to make hive a welcoming place for outsiders. It is good and admiring. Their efforts are priceless. But still we needs to find that where we are lacking.
Above all we have HBD Stablecoin which offers 20% apr , this is our strongest weapon which alone seems enough to attract crypto users on Hive Blockchain but it is not working because we lack something which needs to find together.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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