I think the Rune price is going to go back up. A blood bath is a great time to buy. I am holding until $10 Rune if I can.
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I think the Rune price is going to go back up. A blood bath is a great time to buy. I am holding until $10 Rune if I can.
Cool, but don't just hoard the gas token. Do a high-yield LP. NFA obviously, but I think hodling RUNE is one of the least successful ways of making money off of THORChain's comeback.
https://inleo.io/@thedessertlinux/stop-hoarding-gas-tokens-crypto-investing-for-the-modern-age-8ga
Yes the problem is I expose the position in Rune, for say $500 USD at $1/Rune and Rune goes down to $0.02, then I have $10. I lost $490 but I still have 500 Rune. If Rune recovers to say $10 USD/Rune it is worth about $5,000. Now, what happens if I LP with Bitcoin Cash? I get say 250 Rune, and 0.6 Bitcoin Cash, both worth $250. Now LP have performed negatively for me, even when the reported LP ROI has been positive and high. I decided to stay out of the pools, so I don't get wet. I would not change my life if it goes to one tenth, but it would if it goes to ten times. I'd like to see software that would trigger a sell when it reached a certain price, like a limit order.
Well then, the new $TCY token should be great for you.
If you sell all the income instantly, you have zero price volatility exposure!