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The accolade crypto has been piling up lately shows the positive side of this emergence financial sector. FTX is on a shopping spree scooping left and right other centralized crypto firms in the brink of bankruptcy. Crypto is no longer an obscure digital currency people scared anymore. I can say literally crypto has become mainstream for the world to grab.
Many feel comfortable with Bitcoin instead of crypto. This alone continues to boost the value of crypto in general. Since the marketcap of crypto went backward this year, it is clearing the way for real money not leverage to raise it back again. You could be reading a fake story but it is true EL Salvador is buying more BTC. It was the same approach by #MTSR by Mr. Saylor. The belief system is out of this world.
It gives me an idea that crypto will explode when time comes. Lately crypto is moving closer to the traditional market as trading comes to place. S&P is down so does crypto. It means the funds that serve crypto tends to correlate with big institutions trying to flip left and right for profit.
Despite all the funny news that can bring fear for crypto BTC is still trading near $20k. It may not be for so long since more fears are coming from companies battling crypto bear.
LIQUIDITY
I look everyday at the daily volume to see how liquidity fairs globally.
As of now $61 billion are moving around with the two stablecoins account for more than $40 billion.
It shows how liquidity will be a major milestone going forward.
I think regulation will come with #CBDC and major companies with stablecoins like #Centre with #USDC. Crypto have been doing its thing for sometimes. I know many are long term holders and this is one piece that can change the landscape and give crypto another boost to go hyperbolic.
Understanding liquidity can be simple when you try to swap #Hive for #hiveswap. It all depends on supply and demand since Hive-engine cannot create Hiveswap or Hive for the market out of thin air. Hivers need to bring both tokens for the exchange to get done. With the blockchain as the main trust vector you can see the transaction right in there.
With the emergence of #HBD we can resolve in the future the liquidity issue within Hive community.
It is recommended to hold HBD so we can put Hive price under pressure to rise. Every effort will pile up and be beneficial for everyone. At first it looks good when you have a decent amount to grab monthly 20% generated by the system as compensation to holding and put on saving your HBD.
I am watching really close the behavior of the market. Hardly you can get any nuance of what next.
The bear is alive and healthy.
It has been predicted that bear is not done. HBD looks good in all market. It is up to you to connect all the dots. It remains to be seen what will happen from July through December. It will be a fun boring since it is what it is. Many could develop a love hate for crypto if they lose heavily into Terra/Luna. This is what volatility with a grain of salt.
As long you focus and you will pass the test of time.
