Hey there, fellow crypto pals! 👋

If you’ve been glued to your trading apps or refreshing CoinMarketCap like it’s your job this week, you’re not alone.

Let’s talk about the elephant in the room—or should I say, the Bitcoin-shaped comet currently hurtling toward Earth?.

In just 24 hours, BTC decided to channel its inner skydiver, plummeting from a cozy $94k to a nail-biting $84k. Cue the collective gasp.

And as always, when Bitcoin sneezes, the entire crypto market catches a cold. Our beloved altcoins, including the ever-resilient Hive, are feeling the chill too.

Let’s unpack this wild ride, shall we?

Bitcoin, the OG of cryptocurrencies, just pulled a plot twist worthy of a Netflix thriller. Dropping 10% in a single day? That’s not a dip—it’s a belly flop into the deep end of the pool. One minute, we’re daydreaming about lambos and moon parties; the next, we’re Googling “how to survive a crypto crash” while clutching a stress ball.

Now, I’m no Wall Street guru (unless you count my YouTube diploma in “Technical Analysis for dummies” 😂), but even I know a 10% drop isn’t exactly normal (or yes?). For context, that’s like watching your life savings in SHIBA tokens evaporate… but with extra drama because, well, it’s Bitcoin. The king of crypto doesn’t usually throw tantrums like this without a reason. So, what’s going on?

Graphic from coinmarketcap

If Bitcoin’s the quarterback, altcoins are the entire team trying to keep up. And boy, did they stumble this week. Ethereum, Solana, Cardano—you name it, they’re all flashing red like a clearance sale at a Christmas tree farm.

But let’s give a special shoutout to our favorite underdog: Hive.

Hive, the blockchain that’s all about decentralization, social media, and gaming, has been a beacon of hope for many of us. But even Hive couldn’t dodge this crypto meteor shower. Its value took a hit, and the community’s buzzing (pun intended) with a mix of “HODL!” memes and nervous GIFs. It’s like watching your favorite indie band finally get noticed… only to have the power cut out mid-concert.

Personally, I’ve been refreshing my Hive portfolio more times than I’d care to admit. Is this the bottom? Should I buy more? Or is my phone about to spontaneously combust from overuse?. The struggle is real.

Bless god v4app exists!

Alright, deep breaths. If you’re feeling queasy, here’s my totally-not-financial-advice survival guide:

1. Don’t Panic (Unless You Want To): Volatility is crypto’s middle name. Remember 2018? 2022? We’ve survived worse.
2. HODL Like Your WiFi Depends on It: If you believe in the tech (and Hive’s vision), this dip might just be a discount.
3. Diversify… Or Not: Go ahead, throw a little into stablecoins. Or double down on altcoins. Live your truth.
4. Memes Are Therapy: Nothing heals a battered portfolio like a perfectly timed Doge meme.

Fortunately thanks to Brian of London who has developed the V4App which is simply a great genius, it seems to me that we can have a better future.

I will continue trying to do these rookie analysis, with the hope that this will serve as a small personal record of how the BTC is moving and the way it affects us.

And hey, if all else fails, there’s always the classic “close your apps and pretend crypto doesn’t exist for a week” strategy. It’s underrated.

Disclaimer: This blog is 100% emotional support and 0% financial advice. Always DYOR (and maybe eat some chocolate). 🍫