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>*Every cent you take
And every move you make
Every line you break
Every dip you take
I'll be watching you*

*Chart Stalker.*

But it is interesting to note that for every cent that HIVE increases in price, my technical worth goes up by over 2000 dollars. That also means that when it pumped to 0.46 and then dropped back to 0.34, I lost 24 thousand dollars in less than 24 hours too though.

*Doesn't work that way, does it?*


![image.png](https://files.peakd.com/file/peakd-hive/tarazkp/23tbiP9ubrkfD2sF4SA72aFVygYTh8wmS3pvKwHR8MaBhj4yiRyoeDU2y8iTidfCNpaj5.png)


It is all technical gains and losses, and only in reference to the fiat value. Effectively, no matter the price in fiat, I haven't lost any value *in HIVE.* Nor gained. Well, other than what I might earn along the way through curation and writing. However, most people don't consider this, because for most still, crypto is a means to an end of having more fiat, not an end where fiat is *irrelevant.* 

*It is a hard mindset to break.*

We have all grownup with the "way things are" and have constantly been reinforced with the idea that this is *the only way things can be.* It isn't the case. Just like there have been multiple variations of governance or social organization throughout history, there have also been different ways value has been transferred. The first fiat currency was issued in China and due to mismanagement, inflation became a problem - that was over a thousand years ago.

*We still haven't learned.*

However, it keeps getting reinforced that this is the best way, the only way. The only way trade can work is if the money is centralized. But that isn't the case, is it? Fiat is already a multiple-token system with each country having its own and because of this, there is opportunity for currency trade, but the *average person* doesn't do this, do they? It is only really available for the banks and countries and all the manipulation that entails. 

*One world currency might be an awful idea, but it has its merits too.* 

But, we are a long way from making major inroads into decentralizing currency, because like all fiat also, crypto needs enough people to *believe it has value* and are willing to take it as "legal tender" - with the law being whatever the majority of people are willing to trade their goods and services for. At the moment, crypto is a tiny shadow economy, yet considering its value is relatively insignificant (total value worth half that of Apple Inc), it gets a lot of attention and it is nearly all to generate Fear, Uncertainty and Doubt. 

Remember all the negative hype around Meta Platforms (Facebook) in October? All that doom every day in the news for a few weeks and then like magic, it disappeared. 


![image.png](https://files.peakd.com/file/peakd-hive/tarazkp/23t76y31pE9979Qy2MBeLHi2j4GNFyhLyF646oedabvE3sZb4iNurx6mp1KpUwpuLY6Qt.png)

After a drop of 75% from the late 2021 highs, that is a climb from 88 dollars to 139 dollars in less than three months. I wonder who bought the dip? Not me  I wouldn't touch that shit, but still, someone is *making bank.*

*Probably banks.*

Wanna see something interesting?

![image.png](https://files.peakd.com/file/peakd-hive/tarazkp/23swgMwGTPdnYiiuBUX4fu8sfYrGsTB34Rj2ZXRimqndbFQQKEyfZaYhKoo9UmXKnuC9d.png)

Bitcoin over the same timeframe.

*It is a coincidence of course.*

So far this year, many of the tech companies that *lost* all that value from 2021 highs have put on about 20 percent. And I say "lost" because just like my loss the other day with the HIVE spike, the spot price isn't the real value of a company, it is all just technical and on paper. Business has kept on being done, they are firing the deadwood that they hired in the rush to grow and, shareholders are making money. The highs are a very bad reference point for profit and loss - but the media pushes these points and because if the extremes, they stick into our conscious and we believe that suddenly, Elon Musk is poor because he lost 200B, while he is still worth 150 billion at what is probably around the bottom. 

*What will the next top look look like for him?*

These swings are just the way business rolls at that level, but for us normal people, we can't even imagine what a billion dollars looks like, or what it could buy. For example, a billion dollars could buy 3000 detached houses around my area. There aren't even 3000 houses in the area. Yet, they make it sound as if he is a failure and is going to be left destitute because he bought Twitter and has suffered a *valuation* fall. It will recover.

*See the game?*

All of the economy is really just a game with a point system like any other to keep score. The reality of what generates points matters very little, because points can be created without generating a reality. A company doesn't need to make money to make billions for its investors, it can run at a loss and fail completely, as long as during some period, it is able to generate enough hype to attract capital interest for long enough, that the owners are able to exit, so the latecomers who ballooned the price, will be left holding the bags. Or funding the *bailouts,* as the case may be.

This year, while countries are going to fall into recession, it looks like the equity markets are shaping up for upward volatility and that is of course, going to also drive crypto values up. However, because crypto is such a small industry in comparison but has a lot of hype around it in the bulls for "them gainz", it could be quite an explosive year ahead. 

We are still along way from making fiat irrelevant, but each drive is a step closer.


Taraz
[ Gen1: Hive ]


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Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tarazkp/field-of-greens)