Here's Something We Just Haven't Seen in a VERY Long Time...

in The LIFESTYLE LOUNGE3 months ago

I've been a little bit out of the loop for the past few days, managing that pesky business of making a living.

Imagine my surprise when I had a look at Coinmarketcap and saw a veritable ocean of GREEN:

0138Coins.jpg
Source

I can't even remember the last time I have seen double-digit rises pretty across the board. Ripple up 133% on the week? WTF, mate?

Does this mean the alt coins are finally coming back to life? Or are we looking at a "sucker's rally?" I think a lot of us have been so thoroughly burned it's hard to think positive.

Even our downtrodden Hive token seems to have bounced off its recent lows.

0138Hive.jpg
Source

I had planned to write something more in-depth and meaningful... but wanted to "mark" this moment in my records, hence this brief post.

Because — after all — the blockchain is a pretty good place to "record" events.

We return to our normal programming tomorrow!

How about YOU? Do you think we are finally going to see a turnaround in the alt coin market? Or is this just a quick blip, and we'll be back to gloom and doom in a couple of days? Comments, feedback and other interaction is invited and welcomed! Because — after all — SOCIAL content is about interacting, right? Leave a comment — share your experiences — be part of the conversation!

HivePanda.gif

PHC Logo

(As usual, all text and images by the author, unless otherwise credited. This is original content, created expressly and uniquely for this platform — NOT cross posted anywhere else!)
Created at 20201124 00:32 PDT

0138/1365

Sort:  

Really hope this is not another flash in the pan with FOMO happening, perhaps a turn in the road at long last!

I suppose only time will tell. The atmosphere is right, at the moment... BTC has sort of gone flat near it's all time high, and the alt coins are really showing some life. We could use some positive news, for sure!

Hopefully growth will be steady without the greed shown previously, being positive is about the only thing we can hope for before end of this dastardly year.

Agreed. I'd much rather see steady gradual growth than these will swings we've historically had. I also believe that stability attracts a different kind of user... someone less focused on making a quick "cash grab."

Bitcoin's latest boom may not be sustainable at this rate, but no one knows where it will peak. Meanwhile, altcoins offer varying valuable features and people should consider grabbing some BTC profits by switching to altcoins. But it's a hard thing to balance.

Looks like we are finding a pattern that has happened before: BTC is sort of going sideways at a new higher level, so people are turning to altcoins, and we are really starting to see some movement there.

i think it will be for a month or so and then we gonna see a little bit of downfall or stability (depending on your viewpoint) again!

Posted Using LeoFinance Beta

What I am hoping for is the there will be a healthy upspike, a partial retracement, and then we'll settle in at a new higher level for a while. The wild swings are very unnerving...

cuddle_teddy3.png

Hi @cuddlekitten,* always nice to see you here!

posrep_cocoa.png