Hi Guys, I'm back from a hiatus of writing on Hive. I have continued to follow and consume the content here meanwhile and I'm back to write more regular content myself.
This is my second bull cycle in crypto. I made some extreme gains in my first cycle but made the rookie mistake of holding on to coins and NFTs for way too long. I have a full estate in The SandBox, many properties in UpLand and hold NFTs that I could have sold for thousands in the past.
The value of the coins Im holding have now been and gone and Im waiting for a late pump to offload them before this bull cycle ends. I didn't get my funds out in time to re-invest into the new kids on the block that are on the way to the moon. I don't have extra funds to purchase them so I am in a consolidation phase right now and sat on the side lines.
I did keep a fair amount of my crypto in Bitcoin however, that has kept my head above water for the last couple of years. I am also managing to slowly add to my Hive bags also.
I suppose this is another cautionary tale of holding on to assets for too long in such a volatile industry, but the only reason I did so was because I was convinced that Gaming was going to be the next big thing in crypto and so I put my eggs in that basket. Yes we got the short-lived NFT craze, which I thought was going to lead into the crypto gaming craze, but we still seem away off even now. AI, DePIN and the likes have put the breaks firmly on that.
My advice is to always edge your bets a bit and never go all in on anything no matter how likely it looks to succeed. Always keep some dry powder on the side lines which I failed to do.
Thanks for reading guys and catch you in the next one.