Yesterday I posted about how counterintuitive it was that the markets were slightly up after the FED gave the biggest interest rate increase in 20 years. When interests are up markets have a harder time going up and tend to go down.
Regardless of the reasons for the "dead cat bounce" yesterday, today most cryptos are doing what was expected after such a big interest increase. I would love to see cryptos going up but that doesn't make sense with multiple countries all over the world raising interests. I still gave my cryptos and won't sell but I would not buy any for the short term, anything I buy now is definitely for holding long term.
The safest and most rational investment right now, for any time frame, would be almost any that bears interest. Luckily Hive has a very attractive interest rate on the HBD savings, so our blockchain is still attractive for investors looking to get away from speculative assets.
Cryptos are here to defy and challenge governments and institutions, of course, but it is not like we have unlimited firepower. It makes no sense fighting against the macroeconomy when all the stars align against a bull market.