Another bad market
Screenshot from wallet
Don't only sigh at the down prices of Hive and LEO token, it is red everywhere. By the way, who even made you a TOP valuer of just price swings. Can this be ALL and all of the cryptocurrency industry?
The cryptocurrency market has faced both heat and a hit for a while NOW. Some would have felt we are supposed to see new price margins by NOW. At least for Bitcoin if not any; maybe the least by now should have been around 200K. Sorry if you got any financial heartbreak in the process; the market is not a ‘Talk! Talk!! Talk!!!’.
No matter how loud the conversation can be on X, results will speak louder; that old saying, ‘time will tell’. Bitcoin selling below 100K at October period and even transiting to November is not the usuals. At least, past records can do the assumed justice to this.
Sorry again! It seems bored investors are trying to spark some fun within this ecosystem. Fun to them and a nightmare to others I guess.
Screenshot from source
We all know how it goes, there is a scripture that goes thus; ‘strike the shepherd and the sheep will scatter’. It is always one of such scenarios when Bitcoin price is tampered with. We have seen how it always cuts even into decentralized ecosystems. Many like terming it, the crypto bloodbath. The only thing one can say now is that it is a good time to buy.
Some scenarios help to practically analyze the meaning of utility. It is very vital for the entire growth of the cryptoverse although many have always looked away. You can feel so discouraged when you probably wanted to convert some of your holdings and you found out about a huge price slash. Of course, it is because this was how we were trained concerning cryptocurrency; ‘steady green candles means good business’.
Ok, I am not saying that the market is supposed to drop by 25% or even 50% within a month or two. This shows how volatile the entire space is; something that will keep scaring away many potential investors. The day the crypto environment closes this gap, it will achieve a lot.
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Talking of closing this gap, it boils back to where we started this article from; ‘utility’. So what's utility here? Let's just leave the big grammar and focus on anything productive aside from price swings. In short, in the absence of utility, expect so much distraction or depression.
It is more like a man who married a wife just to satisfy his sexual desires. Doesn't that look awkwards? It means anytime he has no pleasure for sex, the wife becomes worthless.
Perhaps he has missed the entire definition of a woman; there is much utility in this gender beyond just a few minutes of pleasure. In short, a lot of men are yet to leverage this and still operate very siloed.
This is why many of them die at an unapproved aged, depressed and unachieved because their direction of focus was never the top priority. At least I have heard of men who went from poor or broke to being rich courtesy of when they got married. They were able to leverage all the embedded potentials of a woman to break out of the poverty circle. Let's leave that aside, I was trying to get out a clear example.
My concern from here is not actually when the price will bounce back. Rather, we should be more concerned with what is being built to keep users in an in-house that sees beyond swings. If all you are here for is price swings, get ready for more heartbreaks. I hope you are with enough pills to escape any sudden emergency situations?
To conclude, let me add, utility is very important as it helps offset an assumed bad market. The future is about adoption and usage not hopes placed on price promises. I know it can be difficult to change that now especially after spending up to a decade in this ecosystem focusing solely on price swings.
Posted Using INLEO