Hive Power Up Day Again, February 1st Has Already Arrived!
It's February 1st yet again. New Years Day is officially one month behind us now and the year 1/12 of the way over. Scary thought isn't it? Time really does fly... It also means that it is once again Hive Power Up Day. I very honestly almost forgot about it entirely, and it would have broken my streak of almost two years of consecutive power ups. So I powered up everything I had liquid which was the minimum needed for HPUD!
I do believe this puts me at two years straight now without looking back and counting. It's a streak I would have hate to have broken!
If you don't already participate in HPUD there are prizes that can be won every month if you HP falls under certain ranges. I honestly don't recall the in's and out's but it can be looked up easily enough. I have never won a prize, but I keep on hoping!
Bitcoin and Hive
It's been a tough week for the cryptocurrency world, there's no other way to put it. Bitcoin continues to see the slide downward toward the mid $70K mark. Any real hopes of a recovery above $100K anytime in the near future seems to have been firmly smashed. I'm not really sure where things are going to head this week yet, there are "experts" claiming both up and down. I'm hoping for the best and hanging onto my BTC as I know most of your are as well.
From coingecko.com
Hive has been suffering drastically as the price of BTC drops. The inflation issue is still present and the DHF spending certainly isn't helping. The price was down to $0.077 which is getting awfully close to a nickel. I'm starting to fear that we may be seeing Hive hit $0.05 without some serious improvement in the overall markets and inflation control. It really does make me pine for the days of last year when Hive was sitting at above $0.60... The good old days...
From coingecko.com
So let's all cross our fingers and hope for some improvement this week. I would really hate to see BTC drop to below $60K!
Precious Metals
It was a terrible end of the week for the metals market. The massive correction that we all knew was coming hit pretty hard. Hopefully the worst is past us, and I am anxiously waiting to see how silver and gold do as soon as the New York markets open. It's going to be an interesting day, that much is certain!
From kitco.com
I'm betting we'll see some recovery and it may be a great entry point into the precious metals. Silver and gold are always smart to have in your investment portfolio as they are always going to be worth something. There is a reason they have been money from even before recorded history!
That will do it for me today, I hope you all had a great weekend! Let's hope for some better markets this week! Please feel free to leave any comments or questions below, and thanks for all of your support! It's greatly appreciated. Have a great day everyone!
References:
https://www.coingecko.com/en/coins/bitcoin
https://www.coingecko.com/en/coins/hive
https://www.kitco.com/charts/silver
Disclaimer
I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!
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I was forced to stop powering up… Since I’ve been using my cell phone, it has become very hard to enter my password without making a mistake…
I can see that being a challenge! lol
!BBH
!PIZZA
It is with 52 letters, numbers and my big thumb…
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Seeing the $0.07 handle on Hive is depressing, optimism and wishes can't bring up the value of our Community blockchain. I'm steadily buying up Hive with my HBDs that I have save over the years.
At least with the Silver market over the longer term and feel secure in the objective fundamentals that will drive prices back up.
Happy HPUD
!PIMP
Let's hope things improve. I just heard since the debt level on Hive hit 20% that HBD rewards are no more. Silver will recover though!
!PIMP
Honestly, I was expecting a silver recovery when the markets opened back up today at least a little!😇
We’re still sitting $82.84 this afternoon…….
I guess by the CME raising Silver paper margins they were temporarily able to stifle this rally….
The keyword is temporarily!😇💪
Let's see how things go, $80 right now!
I saw that as well I was out working in the garage and couldn't resist checking Kitco....😇
I guess we just wait and watch, and since I'm not selling any at the moment.... it's just paper losses Lol!!
Nice one on the PUD! I did do a powerup on mmonline account. HIVE has held up quite well compared to ETH for example the last 24 hours.
Yeah considering the state of the world it is no surprise we are seeing red all over the place.
The nickel, slowly but surely it is getting there. How long can we go, depends on BTC and there is no reason why that won't drop further.
You get one helluva lot more bang for your buck now though!
Happy February 😎
Well at least BTC rebounded a bit, Hive didn't sadly. That nickel is looking closer and closer though...
!BBH
!PIZZA
Nice job on your power up! I'm at a loss for words honestly. I just want to move on and get past this phase of the markets.
I hope you had some nice drinks this weekend to help out with the bad news... I even sipped on some Eagle Rare to cheer me up! lol
I had some Midwest spirits, some tin cup 10 year I think it was, and some. Kirkland small batch.
Congratulations on your Hive power up
Bitcoin continues to slide down on the chart
Slight recovery today, let's cross our fingers it continues!
!BBH
!PIZZA
will it still be time for us to fill the bag as they going too cheap? at least hive is not the only one suffereing, as the eveything across the crypto verse are also bleeding.
nice power up my friend.
!PIZZA !LUV
Hopefully things will turn around soon! Especially for Hive!
!PIZZA
!LOL
!BBH
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!HBITS
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Congratulations on your power-up! Through the years, I have forgotten once or twice.
It is buying time for silver, don't you think?
!BBH
!LADY
!PIZZA
View or trade
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