RE: Hive and HBD are a great hedge against inflation!
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The recession is here, and Hive ultimately is just a cryptocurrency (risk asset). I’m bullish on HIVE in the long run, but we could see unprecedented selling pressure coming from the macro in the short term.
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I don’t see why we should expect so much selling pressure… I think the bottom is behind us!
You could be right. But, I’m just pessimistic as the bearish macro will likely crash the market again, especially the imminent rate hike this month and early September.
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Richard Heart predicts $11000 bottom for Bitcoin and Robert Kiyosaki $1000, Richard is usually right!
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I think the next rate hike is already priced in, that’s how markets work, unless they hike 75 percentage points again, I see no reading why the market would react
Personally I dont bet on investing in Hive, Hive has basically been sideways for 6 years (former steem)... while HEX did 10000X in 2 years.
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