So the market is pretty wild right now...

Russia got slapped hard with economic sanctions.

People are making a big deal about the Ruble being, "Worth less than 1 penny." This is obvious unit-bias bullshit, as the Ruble was worth 1.2 cents before the sanctions were imposed. It's much more accurate to say that the Ruble has fallen 17%, but that doesn't resonate as much I suppose.

But again, I must reiterate, is that it doesn't matter if the Ruble is worth 1 penny or $100. Money is fungible and divisible. Units are completely arbitrary. What actually matters is how much people have in their bank account and how much they get paid for working. Everything else is largely irrelevant.

That being said, an instant 17% dip on a currency is massive.

Crippling even. But if we go back in time we can see the value has dropped even more than that in 2008 during the housing crisis, and again in 2014 when we issued sanctions against Russia during the Crimea conflict with Ukraine. Not much time has passed so this could just be the beginning of more dips for Russia's currency. Not the best news for the Russian people.

And then... crypto.

Crypto dipped because the markets dipped, but then we made a massive recovery. It seems like both Russia and Ukraine are turning to cryptocurrency during this time of need. Pretty wild if you ask me.

Apparently Ukraine has even gone so far as to issue an airdrop snapshot for everyone that donated money? Say what? What are they airdropping? I do not know. Guess we'll find out. Still, it's just a crazy situation no matter how we slice it. How it ends up is anyone's guess, but it really seems like crypto is proving to be the censorship resistant currency it promised everyone it was.

With the New Moon upon us and Bitcoin getting rejected at $45k, I have to assume that we will deflate for a bit. Again March is not a great month. Then again we all know how my predictions turn out.

At the same time, looking at the chart, perhaps we've already paid our dues. We seem to have double bottomed at $35k after a brutal correction extending back to November's all time highs. The crystals girls that talk about moon cycles have been mostly quiet, and I assume they got pretty wrecked on the last few cycles. Perhaps we are in for a reversal of sorts.

2022 Bitcoin Doubling Curve

Greed!

The doubling curve shows us how dumb we were for not buying in at $35k. The curve will get up to $35k by mid May, which is also coincidentally a super bullish time of the year. With the last big bull run being 18 months before that time, I expect late May and early June to be very good. These 18 month cycles have been hammering on since summer 2016, and I have no reason to believe the pattern won't continue on. A good bull run would be x3 the curve, so $100k is definitely on the table.

Hive is in a very awkward position.

The 25, 50, and 200 day moving averages have all converged around $1. Feels like a bit of a "hold your breath" situation to see which side of the fence we fall into next. However, I'm pretty confident with Hive long term and we are still clearly grossly undervalued. Not even in the top 100. Not even top 150. Pretty wild. Just got to be patient and keep the faith.

I can't be too worried about Hive, because the 80 cent support has been holding strong this entire time. Sure, we had a few flash crashes to 70 cents, but recovered every time within the same daily candlestick. Hive isn't the most liquid token. It is known. Volatility abounds. I'm used to it by now.

pCUB launch imminent.

Maybe if I make some money on the pCUB launch I can buy me some more Hive :D. Lots of development coming out from the LEO team all at once. Lots of code that was made for pCUB will be ported to CUB. The bridge is getting a huge upgrade. LEO is getting more free liquidity so the bridge can operate.

If pCUB is as self-sustainable as @khaleelkazi has theory-crafted it to be, he's talking about copy/pasting the code one by one to other EVM chains, giving each clone another airdrop to CUB. That's a pretty intense prospect. I speak for all CUB degens when I say I hope it works out.

Conclusion

War is one of the worst outcomes there is, but at the same time, this is why crypto was invented in the first place. We need to be creating abundance and eliminating permissions so that we can avoid these things happening in the first place.

It somewhat blows my mind that both sides seem to have turned to crypto. One in the face of sanctions, and the other to accept donations to defend themselves and protect the civilian population. Honestly, this situation is even wilder than El Salvador making Bitcoin a legal currency, and that's really saying something.

I believe the world is just going to keep getting crazier and crazier. Crypto is a lifeboat, and all we can do is hold on for dear life and hope we make it out okay. There are no guarantees, but the chances of making it without a lifeboat are certainly not great.

Posted Using LeoFinance ^Beta

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