YOU KEEP IT UP RIGHT THERE AND BUILD ON TOP OF IT

avatar
(Edited)

image.png
source

Just look at #hive minding its business while #BTC is finding ways to hold into $24k. It is not easy when you are the mother of all tokens. Any cryptocurrency existed today has something to pull from #BTC. This is why it is the pseudo guiding light for everything in the blockchain. Have you seen #Hive pulling a 2.2% increase on BTC? It shows we do what we can to sail alone. It is not the case all the time so enjoy this one so far.

I always ask myself why we need so many tokens. The world population is about to reach 8 billion. Let's say everyone on earth wants to own one Hive. This is impossible since there is a limited amount that can be shared. Just planting this idea gives you reason for many more objectives tokens to take place. The same way we have Hive, Leo, HBD, BTC, Ether, etc... At least having a choice can help to alleviate the market pressure. By now if you want to own one BTC, good luck. Even though it is still possible as long you have $25k.

In that case I will go for Leofinance and Hive. I will have more leeway in long term goals. You get the point. Having a wide variety of tokens is very healthy for the market to grow and help with demand for territorial finance system. While the drama of #BUSD is taunting all #stablecoins, it is a pure figure to see crypto is under attack. I hope they find a quick solution where everyone comes satisfied.
Since the dollar is the peg for most #stablecoins, a signal to the positive can change the landscape for any of them to grow. The recourse that could tilt the balance stated that #BUSD could be a security.

HOWEY TEST

I have heard this terminology before. Got to dig a little and I see why crypto revives the notion to enforce this ordinance by the Supreme Court. The Howey test has four categories where crypto can easily falls into. Despite it happened way before crypto in the mid 40s it is still relevant when you try to understand the business of crypto in the market. Any business that fail to stay away from investment where money involves and profit are made, securities will come to play. Protecting the market is more important by throwing protecting investors first. Believe me!
Keep in mind #crypto once was valued at $3 trillion with BTC alone at one trillion.
To keep the space clear the former SEC chairman stated that #BITCOIN is not a security. This alone is a relief cause BTC does not grow from an #ICO.

Here are the four categories where a token could fall into the security trap

a.- An investment of money
b.- In a common enterprise
c.- With the expectation of profit
d.- To be derived from the efforts of others

If I tried to find loophole and see if Hive can fall into this, you will be my guest. I know there could be quite a few posts discussing why #hive is not part of this. In order words Hive is not a security for many reason. Start from a through z the answer is the same.
Keep it simple trying letter a. I know one hiver starting from scratch. After four years he is still posting hard in order to earn some. I am the same, it all starts from scratch with no destination for a handout.

Letter b is easy to go after. Hive is a social media and we are thriving for decentralization. Hive helps instead of giving anyone a job. You come and go at will. Your earnings mean something when you can exchange it for something else.
Letter c got me laughing a little cause before you make a profit, due to inflation you may lose your place. You have to constantly pushing yourself. Due to supply and demand the market can help in situational effect. No wonder why we call it a social for WEB3.0. One whale hiver said you need to accumulate more hive in the long run to remain relevant. Don't lose your place.

Letter d is nowhere near what #hive stands for. The minute you stop moving you can easily be lost in the blockchain. You do not need to read like crazy to see why it is difficult to find where #cryptocurrency falls when the #howey test is in place. I am sure #ethereum is not a security while the ICOs are. Again walking the fine line is what all tokens need to grow and be a force.

Now there is a big difference between a cryptocurrency and a company using crypto to make money, earn a profit. This is where the problem will always hit the wall.
An emerging money system build by the people for the people is not an acceptable form per se.
This is why regulation is a form to corner crypto and keep its service at bay.
So far the word ban is not used except for Charlie. Crypto helps a lot and they know it.

There is a lot we do not do with Hive and I see that. No need for promotion cause there is no head guy leading the blockchain. Everything in Hive is generic. You come in, you stay cause you want to learn. You make hive cause you are good at making friend and you definitely endure while many just give away what they get from posting. Everyone holding a large pile decide to hold long term so Hive can look good for folks coming now.

It is the same mindset with BTC, people holds, pushing demand over supply. If you want to come in late you get to buy at higher price, simple.
So do not expect #hive price will jump like a deer. Eventually we have to continue the building process and put normal pressure.
Some go quicker, some go slower. While the drama continues, be ready to witness price swings that can put you in doubt about crypto.
As long the internet is on, crypto will be on.
Price alone does not give crypto value.
Keep vesting in yourself and the rest is history.

Posted Using LeoFinance Beta



0
0
0.000
5 comments
avatar

This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.

100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.

0
0
0.000
avatar

It's funny when Bitcoiners point out that there are 8 billion people on the world and only 21 million Bitcoin, as if the entire world population is only going to use Bitcoin and the value of every "alt-coin" will eventually drop to zero.

We now live in a world where anybody can create their own token, very easily. The question is, can you form a strong and loyal community behind that token? There's a lot of competition, and it takes many years to build trust & engagement.

0
0
0.000
avatar

The abundance of choice provides an environment that creates more activity, ultimately more volume, and a growing sector. Even those that don't make it help to provide liquidity (eventually) for those that do.

Posted Using LeoFinance Beta

0
0
0.000
avatar

The way we're seeing the market is very bullish and bitcoin is trying to trade above twenty-four thousand and the way we've seen hive is giving us a lot of good pump and easily touch 70 cent's in coming days. And the way we are seeing a lot of misinformation coming in the market about the BUSD but as far as I'm concerned it won't matter because the project behind it is so much Strong.

0
0
0.000