Leo Talk 1/11/2021 -Come Join Our Chat

in LeoFinance3 years ago

Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.

Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.

It is a great way to stimulate engagement.

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This is the definition of the term "ugly".

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This correction is normal even in Bull markets.
We'll be back on track sooner or later. This market can make you a lot of money if you are patient!

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Take a look at this:

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We have to be close to 30% already.

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It is totally normal and people need to simply use these opportunities to "buy the dip".

We might see lower levels from here. It could even drip into the low $20s before we see the bull resume.

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It is true, time and patience are things that can be an excellent ally for those looking to take advantage of opportunities. This correction was expected, the market needs to breathe.

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What are everyone's thoughts on the recent crypto pullback..or is it a crash?

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Time to fire up the DCA engine again, it was starting to rust after a week of not being on 😁

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Welcome back.

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Sometimes a correction is needed, here let's see the next two weeks how the markets react.

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That is definitely true. A clearing out is necessary. BTC and ETH both ran up way too fast. This is not unexpected.

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Its just how the crypto market works,bullruns then pullback. I'm feel save to just hold my crypto.

I'm actually kinda happy that Hive doesn't have so big flucations,makes it easier to calculate what you have and what you might get in some projects.

That is true. But there are long term implications for the token moving up in price.

That said, it is not the end of the work to hang low and develop. No reason to get on anyone's radar right now with all that is taking place.

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Excatly, I'm calm in that Hive price will increase some time. Don't have to be today, atleast for me. But many here are in it for the quick buck

With all the development that is taking place, I think that, by year end, we will see a much different outlook on/with Hive in general.

There are massive changes going on, many of which will lead to a lot more users I believe.

The sinks are being developed. Once they are, I do not feel it will take long to chew through the 150 million or so Hive that is outstanding.

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Sounds good to hear. I'm gonna be here for the ride so I say let it come! :D

You and me both my friend.

Keeping track of where things are going is getting to be a lot of fun on Hive.

By the way I just posted a couple article links in this section of some interesting stuff.

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I'm just HODLing for the long haul so I think I'm good either way. Is this where dollar cost averaging starts to work? :)

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Only if one buys when things are bloody.

If not it is a missed opportunity.

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With $160 billion wiped off the entire market, this is definitely not a space for weak hands.

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No people have to hang in there. It is normal crypto behavior though.

This is where long term focus enters.

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This is where long term focus enters

Absolutely, For someone like myself who is an "almost newbie", it feels a little scary. But long term focus is the deal, I'm holding all the way

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LOL go through this a couple times and it becomes just another Monday.

There was a time when I thought a 10% drop was big. That was before crypto. In the stock market, you stock crashes like that and you are wondering if there was an accounting scandal or something.

With crypto, 10% is nothing. Just a minor pullback.

The market really needed this to be honest. Good to have the clearing out to remind everyone it is not up up up all the time.

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Building strong hands does take time, sometimes you feel youre the one that is wrong or not making the right move, whereas all you need to do is stop looking and just hold, like you've said, sometimes, its just another Monday.

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True, the cryptocurrency market is not for everyone. There are people who don't even know how to keep their passwords or seeds ... imagine staying psychologically strong in this market lol

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It's really hard for some newbie that just got into the crypto world and seeing this dip makes them shiver and having a second thoughts.

What i do try to enlighten them on is that's how the market is, bitcoin was once $1. Time is money so am holding to the moon

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It is true, for those who arrive now it is even frightening, as they do not even know 10% of how wild the market is.

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Thats it exactly, it is also quite hard for newbies to be committed for the long term upon entry, due to the rumours they heard before hand, most people think you get into crypto and start making money immediately, whereas a lot of people who make good money from crypto are long term hodlers. Strong hands are something built over time

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It is true friend, this can even be a good topic or debate to discuss. Cryptocurrencies do help us, but to think that people can get rich overnight is to be very naive.

Time must be our most faithful ally on this road.

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the market went up too fast, unnaturally. This decline was expected but it does not change much, it is just a stop to accumulate for those who can

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I did add a bit more to my account. I use GBTC for that so I am taking advantage. If it dips further, I will add a bit more. Keep scaling up the holdings.

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I see it as an opportunity for those who were finding BTC expensive or even others like ETH. These are the chances that the market gives us to choose whether we take advantage or not.

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This aint the moon 😢

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Maybe they moved it.

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With a new President going into office soon, we will see him stepping into a recession, one that will likely only get worse. This according to Jim Rickards.

https://dailyreckoning.com/biden-will-face-new-depression/

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Heavy is the head that wears the crown

I believe that he's going to try his best to get things in order with time.

We can never know what might happen though

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It's time to buy and HODL

Only few can understand

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