The mood over the last few weeks had been generally bearish with several banks going under.
But whether that is reflected in the Hive price is another matter.
Yes, we saw the dip from 50 cents to below 35 cents, and now it is greening upward. At the point of writing it is at 40 cents apiece.
Much of this positivity could be linked to the SVB bailout.
So is it bearish no more?
It is hard to say, as usual. But what I am noticing about myself is that I became more nonchalant about the price movement and the bad news.
The main reason is that my crypto thesis is now rather set. I have a game plan, and I stick to it. For a summary of that, read: https://leofinance.io/@cryptothesis/my-20-strategy-for-hive.
Basically, I continue to DCA!
For another take on the bullish case, check out this post by acesontop: https://leofinance.io/@acesontop/we-re-not-even-close-to-the-test-yet
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @thatkidsblack, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!
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