I am not of centralized entities…
The only reason I am not a whale in hive is because of all the hoops and fees it would take to get in, if hive had thick liquidity pairings on ethereum I would be alllll over it.
But my point is I prefer decentralized ways of trading coin, I do not like exchanges, here is a reason why, screen shot from binance
Look at that $69,990 wick and boom right down to $66,000…
What is a scam wick?
A scam wick is when the price goes up or down for even a second to liquidate shorts and longs…
The price does not need to “close” for the leverage to be liquidated… the price just needs to touch those thresholds to trigger the move…
This is why Leo and Hive having pairings on different chains is best for the ecosystem. In a perfect world we have thick liquidity pairings multi chain and all the fees earned can be used to buy back tokens and thicken liquidity further…
Let’s not kumbaya “im in it for the tech and for the community” it to death… making money helps brings people together and reduce stress…
How many friends can’t come to the steak house because they cant afford a bill like that, or can’t come to a hive meet up because they can’t afford a ticket…
If we focus more and more efforts to creating situations where we create price up pressure we all come out ahead… imagine a $30 hive price, imagine the events that can be launched… imagine the friend competition between the different teams on hive to throw the best meet up… imagine how many people try to make it to every event…
Im just saying… making money benefits us all, money brings us the eyeballs, grows our community, spreads the word of self custody of your money and free speech.
I would love to be able to upvote people in countries where a consistent $50 payout in HBD can change their lives. With hive at a high price this can be possible..
The benevolent whales with a plethora of hive power will put that hive power to good use I can see it already..
Sure bitcoin going up drags us up, but having our own hive bull market is something we could use… I can’t believe its almost 8 years I have been with hive, sometimes I forget we used to be steem… how time flies right?
I see more and more community building everyday and imagine it won’t stop.
Like I mentioned in previous posts, the hive price chart doesn’t show the yield and rewards you get from curating, posting or simply holding hive power.
I believe the different teams on hive are starting to wake up to how some other projects have leveraged LP fees and arbitrage to buy back their coins and thicken liquidity creating a vast network and pool for on-boarding/offboarding.
As we are heading into the weekend will be interesting to see how the eth and btc price will perform. Will we have more scam wick liquidation events?
Recently an old bitcoin miner from 2010 who mined 50 bitcoin blocks on their own cashed out…
The largest DAI holder, the pulsex sacrifice wallet, bought up over 170,000 ETH, and has many millions of sDAI earning massive amounts of yield daily.. will this all be used to pump pulsechain ?
Will start posting about some crypto gems this week, lets see if you will start noticing a trend between them :) 🦁
Posted Using InLeo Alpha