It has been a while since I last wrote anything. A lot is going on offline and online, so I haven't had the time to gather my thoughts these past few days. However, today I want to talk about the bull run and the crypto space in general.
My sentiments around crypto have changed much, neither has that of the general space. The space is still very much flooded with rent seekers, so it would be counterintuitive just to suck to fundamentals at this point in the market cycle. As much as I would love to believe in technology and communities, I have to accept that space isn't at the point where the market is driven by fundamentals. It is purely speculation and I have to pay by the rules of the market to gather enough to support the projects I believe in when the next bear reasons come.
I was in denial of the bull run, but it is evident that the market is bullish. I am still not where I want to be in terms of liquidity. I just have a couple of dollars and my portfolio is mainly tied to one chain--Hive. So my strategy is simple: become as liquid as I can and diversify away from Hive a little. I have my hive bag prepared for potential pumps at around $3 and I want to double my stash before we hit our previous all-time high.
Another option I am exploring is airdrop hunting. It is not the most profitable venture, but I think for someone without a lot of money in the space, I can farm airdrop alongside other things I do in the crypto space. Currently, I have two projects I am bullish on and they are about to enter mainnet. If everything goes well, I believe I should make something decent from at least one of those projects.
Also, I believe this is the time to be social. It will pay if you try to network and meet other people from other communities. Unfortunately, you are not going to get good alpha calls from most of these spaces, especially those gifters who are still caught up in nostalgia for NFTs. Nothing good will come out of that space. This bull runs and I say that confidently. So you are better off associating with grinders like yours who have an eye for opportunity, not people lost in their idea of what crypto is or is not. That's not going to make you money (if that's what you truly want)
In addition, aim big. This is not synonymous with being greedy. The goal here is to set your eyes on something beyond your purview. For instance, I hope to grow my portfolio to at least $20,000, and I double that, which puts my expectation for the bull run around $40,000. This forces me to seek out opportunities, most of which might not involve using my money. And when I speak of opportunities I am not solely talking about degen plays. I am talking about jobs and gigs that can bring in that type of money in the space of 12 months.
Lastly, don't be an ideologue or Maximalist. I understand this might give you some clout amongst your peers but in reality, it is the one thing stopping you from achieving all you can during this bull market. Now, don't get me wrong, it does pay to stick to something long enough but then this isn't the time and I am speaking to those with portfolios less than $10,000. Being a maxi is a privilege. Most maxis have a huge stake in the ideas and agendas they push your way. So afford building another person’s bag. You need to price your time and resources highly, so other people reciprocate. Have a bigger mindset than that of the reality of the space where you find yourself and I speak expressly to those in third and second world countries.
That's all I have for today. Cheers!
Check out this short thread on projects with potential airdrops.
Posted Using InLeo Alpha
I can relate to this in many ways. When we are still trying to grow our bags and portfolio it’s always best to not be too focused or biased on one projects just because a whale or big influencer are shilling them. Instead it’s best to focus on how we personally can achieve our own aims and goals in the long run.
I believe in Hive but I know Hive alone might not get me to where I intent to reach in terms of growing my bags. Took the risk with rune recently and it paid off but I wished I had secured a better position.
There are lots of opportunities out there and it’s best to be open minded to them, than trying to chill Hive because it’s one of the best project/community you’ve ever seen in the crypto world(which I still believe is true) but my goals and aims has to come first and if that means selling hive when it moon to $3 then so be it.
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