12th Leofinance 🐯 Curation Digest !

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@HODLCommunity presents to you the 10th LeoFinance Curation Post

We feel very excited as we think we will address one of the most important issues on the leofinance.io platform: Curation.

We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.

Our goal is to support content creators and generate qualitative interactions between LeoFinance users.

We will set a 5% beneficiary for every author selected in this curation report.

So Lions 🐯, let's roll !

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How Does The Closure Of A BTC Mine In Sichuan, China Affect BTC? by @willson-deng

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Sichuan, China closes Bitcoin mining farm. If anyone is one of the biggest beneficiaries of Bitcoin's price increase, I think Bitcoin miners must be among them. And although the price of Bitcoin has decreased in the past few months, it is still within the tolerance of Bitcoin miners. However, I also said that although Bitcoin miners are one of the biggest beneficiaries of Bitcoin's price increase, the risks of miners are also great, because investing in mining farms requires a lot of costs. Although the price of Bitcoin is still high, Bitcoin miners still face other risks, such as changes in Bitcoin's policy.

Comment; Interesting thoughts, however, if China does go on a full bitcoin ban, it's only going to be at their detriment and not at Bitcoins detriment. Perhaps it will tell on the price in the short run, but that's all it'll be.

Does China have a superior currency in terms of ability to appreciate? to be transparent? to be immutable? to be cryptographically secure? Borderless? Without control of central authority? I guess no.

If China does not see that Isolating itself from Bitcoin is as good as isolating itself from the internet(global village) then im sorry for China and the people who'll choose to remain under such primitive authoritarian environment.

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Bitcoin price drop continues as China bans more mining – and we happily buy the dip by @julianhorack

Bitcoin price is looking rather undervalued today, as price returns to lows approaching the fabled $30k mark. This is a psychological and perhaps technical floor for this mini bear market that bitcoin has entered. When does a mini bear market become a major bear market? When price closes below $30k.

Comment: Wait a minute! What the heck is going on in China that we don't know? Why is the Chinese govt so pissed at Bitcoin? Is it still about the list for control? Or something else is at play here? Or is it just still a game like they've been playing all along? Why are they so upset about Bitcoin? Its not like they have a superior technology, so instead of being in the front line they are going draconian and sealing off every way to bitcoin, I will really like to know the answers to these things.

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Try To Stick To These Tips If You Are New To Crypto Or Emotionally Driven In Making Decisions. by @cryptovial

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Hi everyone, I hope you all are doing good and taking care of yourselves. This article is aimed at an audience that is relatively new to crypto or takes emotionally driven impulsive decisions just like I used to do. So, if you are one of them then read ahead.

Comment; Love them all, upon my entry into crypto, no one told me these things, I had to learn them along the way, hopefully this post gets to reach a wider audience, especially the newbies. Staring at the charts all day can be tiresome and might lead to frustrations when things don't go as anticipated, certainly stepping away sometimes helps a lot, taking breaks, reading novels, blogs etc....one thing is for sure, there's no rush here and as long as one is ready for the long term, hodl and chill is the best way to go about it.

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Understanding Cryptocurrency From an Artists Perspective by @raymondspeaks

I'm an artist. Not in the drawing sense but more so the general sense. If you graduate from Business School then you get a Bachelor of Arts. That's what I see myself as -- an artist.
The great thing about art is that you can literally make art out of anything. Take @reazuliqbal for example, I call his coding art but one might argue that he is a coder rather than an artist. But I disagree. Art can be woven out of anything. Bitcoin is art, in my opinion.

Comment; I've always had the notion that coding is art, public speaking, vlogging, anything that involves creativity really, it's all art, but here's another interesting perspective, tokenizing ones life through hive, somehow I quite understand but it's going to take a couple of other thoughts to make it a reality in my head, I get the concept, but I may lack the imagination, I'm sure I will subconsciously begin to think about it more, perhaps something will come out of it eventually. These are the types of thought provoking posts I like to read.

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Hive- What Will You Be? by @lebah

The price of bitcoin which tends to fall is stuck in the range of 32-33 thousand dollars but the prices of other cryptocurrencies have fallen.

The influence of the attitudes of countries in the world greatly affects the price of bitcoin and cryptocurrencies in general. The good news that made bitcoin in El Salvador made the bitcoin price a bit hot but it didn't last long. In my view, cryptocurrency prices will never stabilize. This is due to policy issues. As long as only small countries legalize cryptocurrency, bitcoin and cryptocurrency will remain erratic.

Comment; This is why developers need to focus more on creating decentralized applications that cannot be called controlled or shut down by one central authority. We probably haven't seen anything yet as relates to crack down, when major crack downs begins, they will start from centralized applications, woe to people who will have all their money in such applications. This is what we've been preaching all along, this is why chains like Bitcoin, Hive remain super important to the crypto sphere....

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Latest updates

HODL Community becomes a full time 🐯LEO Curator !

@leofinance has been a real game changer for the Hive ecosystem as it brought us DeFi and so many new projects / features are still incoming.
@hodlcommunity wants to be part of this vibrant team and community.

We have come to the conclusion that we should do everything we can to help creators, especially new users that might feel discouraged seeing the low upvotes they get.

We will continue to focus EXCLUSIVELY on the content quality of the posts we upvote but will try to target lower payouts posts.

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This post is created by @mistakili to curate quality content on LeoFinance.

Hive on !

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Delegate to @hodlcommunity

If you would like to delegate some HP to our community and support us; we give you back 90% of the curation rewards on a daily basis ! APR > 12% !

250 HP - 500 HP - 1000 HP - 2500 HP - 5000 HP

We are also currently working on a LEO Power delegation service for the Leofinance Community.

By following our HIVE trail here

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How to reach us | Links

Discord Server | https://discord.gg/VdZxZwn

Posted Using LeoFinance Beta



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