I was trying to cool my head when my phone vibrated whilst alerting me on the recent updates on the giant crypto known as bitcoin. I understand that due to fundamental analysis like economical problems around the world presently is causing serious damage in the financial market and this has awaken the bears for a long time now.
When I was much younger, I ask myself frequently how the health of a nations leader could affect his currency or the financial market. Though I understood perfectly even at five how war could cause serious damage economically then financially to a nation and not to the world. This is because some people or countries actually benefits from internal or external wars. When a nation is at war, it looses her currency value quickly because of migration to a foreign country and that makes their currency useless. Exchange rates is increased and there is profit if I am right...
Economically, there is disaster because war leads to destruction of food, market, stores, farms, lands and other mineral resources. To survive means to replenish the nation with food and structures which will come at a high price in favor of the seller and builder to the discredit of the buyer. So I understood the disastrous effect of war on a nation which we are experiencing today and is also affecting the world one way or the other.
But what happens when a nations leader gets sick or dies or missing? Why does the currency depreciate hence affecting negatively the stock market, nfts, cryptocurrencies etc? Do people also leave the country on these occasions? I need enlightenment here please.....
Well I am happy enough that the bulls have woken up again and they should keep on heading northwards with confidence because personally for me I love to see the chart going up all the time. Here from my trust wallet alert, I screenshoted the chart update for bitcoin and also got from coincap market recent updated price of the giant coin which have seen persecution from the stubborn bears.
(From my trust wallet)
(From coincap market)
Yes! We can see the chart 20k dollars and I am expecting more before the year ends. Some people say this improvement could be shortlived and that the bears could come back again. Now they say everyone ought to take advantage of this little spike up and cash out.
Ethereum also took a swipe up following suit.
(From my trust wallet)
This is great a whooping 3% increase and not only that, dogecoin that is yet to get to a dollar increased with some cents
(From my trust wallet)
A whooping 13% sharp increase. Are the bulls not going to take over? There is light at the end of the tunnel so will Hive, Leo token increase with time and as we continue to work hard and push forward, we will smile greatly someday.
Let us also not forget to put our brothers and sisters, mothers and fathers,wives and husbands, children and adults that are all victims of war into our prayers and in any way we can reach out to help them, may we not hesitate. May Allah strengthen us all. Our crypto will get stronger and we will prosper.
Thanks for taking your time to read my article.
#sitonmyshow