For some reason, life has been finding chance to make a joke of me. The crypto realm had taken a tool by killing(or probably self terminating) FTX, and the shake affected much of my portfolio out there. My already shrunk portfolio is now left with almost nothing.
I personally only hold a small amount in the exchange that. Majority of my liquids are in dollar pegged "stable" coin. And also a handsome amount of crypto currently ⅛ of its original value stored at a buddy's account. Not being sarcastic, but I'm very clumsy in handling online portfolio. I just don't want myself accidentally posting my wallet key at a public forum and left me with nothing. It's best for me to divert my assets so I don't kill myself in the event of twitchy finger.
All that has to be changed now. My buddy no longer want to maintain his account, and is going to transfer everything he has to his hardware wallet. He dropped me messages ask me to take back whatever I have left with, and he does not want to take responsible on my portion. I guess we all have the same reason to doubt if our exchange is any safe nowadays.
That left me with very little to no choice. My exchange is neither reliable. What's the point transfering a chicken from one crocodile mouth to another? Since there's nothing much I can do about it, the next best thing I thought of, exchange them in hive, and send it to me. After my last delegation of 30k whole amount to ASEAN Hive community, I have basically not much hoping for any sort of return. May be it's a good time for me to think about my own personal interest.
The hives came in 2 batches, one the day before and once again my friend @atyh helped me convert the rest of them and send it back to me today. That point of time, I was still thinking should I convert them all to HBD, and put into savings. Had a small discussion with the Chinese community, and we all agree 3% as HP against 20% APR if savings in HBD form, is just way too big of a difference to NOT seeing the profit.
But then, I also reminding myself, if everyone start power down, change their hive to HBD and aim for the APR, then who else is going to UPVOTE? Frankly, if every whale, every curation guild decided to do so, who else is going to run the community? What's the point if you have a community, and the rest of the users are not participating because the community curation program suck with 0 dollar UPVOTE.
I guess, I'm the butter head that has a small brain to see the opportunity to earn 20% profit, and decided to let my ego take over my action. I didn't wait too long until I decide to change the HIVE and put them into savings, immediately I hit the power up button, and reluctantly hit the send ALL button, sealed the deal and now I'm officially 40khp worth. Am I happy with what I did? Not really, because I hardly update my blog nowadays, what's good if I have HP? Am I regret because I passed the opportunity to make 20% extra every year? Probably not. My ego tells me, probably is a stupid but honourable decision to make. Keep the HP to be an influencer, rather than an opportunist.
The crypto crash has destroyed a lot of people. For the first time I bought a Ledger wallet to store my crypto. The wallet is still on the way and hopefully it is not too late.
Have you managed to store your tokens off line?
The crash is affecting everyone. I have a small portfolio, and I am bad at managing it. I am just grateful it's not much, or else I would lose every single cent. As for Hive I powered up whatever I earned and saved my HBD. Not much but still it is better than nothing.
I'm glad you survived. For my portfolio, I have always been conservative enough to lock my liquids in major tokens such as BTC a d ETH. I guess the greedy side of myself calling me to park them into other smaller coins so I can speculate for more opportunity in future bull. Majority of my token shrunk by 60% over the past 1 year, and now they're only worth 10% from where I park them 2 years ago 😂
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That is the amount of HP I could only dream of. If I have that chance, Hp is my very first priority because mostly I will be active on Hive posting and curating, helping other by upvoting while also getting some share of the reward is better than just getting the reward from the saving.
good choice my friend. And your move on storing some of the crypto on stable token is also very nice.
@tipu curate
谢谢大佬支持
Upvoted 👌 (Mana: 38/48) Liquid rewards.
我今次都奶野, 唔使怕, 一齊捱過寒冬
捱过都冇用，因为已经全部入注HP😂到时候一样攞唔出
到時PD 返啲出黎😬
I am making the same mistake as you brother, but I have chosen to see it the way you see it. Financially speaking, it seems stupid to choose HIVE APR over HBD returns. Even with returns on curation factored in, HIVE still doesn't come close to 20%.
Once upon a time I held 500 HBD in savings, but since then I'm pretty much a one trick pony, my whole crypto profile is in HIVE and a little CAKE. I choose to stick with HIVE because of the community and upvote like you mentioned, and I also believe way back in my the back of my mind that HIVE can raise one day, and then I'll be thankful for all the efforst I put into increasing my HIVE amounts.
I really should start to keep some liquid though, because if the price does spike, I have nothing to sell quickly. When the last $3-$4 boom hit, I only had a few hundred bucks worth to sell.
Perhaps this can't be seen as a mistake for my side of the story. It's an emotional decision I made, that I have decided to increase my HP instead of waiting for an opportunity to sell. May be the next 1000HBD, I will use that to trade instead of waiting for APR.
I kind of feel the same, the prices are so low now that I'm trying to live on as little non-stablecoins as possible. I truly believe $3 or $4 HIVE is possible again in the future, and I hope to be holding some liquid when the time comes, but for now I've made it a goal to reach 50,000 HP.
⋆ ᴛʜᴇ ᴘʟᴀᴄᴇ ғᴏʀ sᴏᴜᴛʜᴇᴀsᴛ ᴀsɪᴀɴ ᴄᴏɴᴛᴇɴᴛ ᴏɴ ʜɪᴠᴇ
⋆ sᴜʙsᴄʀɪʙᴇ ᴛᴏ ᴛʜᴇ ᴀsᴇᴀɴ ʜɪᴠᴇ ᴄᴏᴍᴍᴜɴɪᴛʏ
⋆ ғᴏʟʟᴏᴡ ᴛʜᴇ ᴀsᴇᴀɴ ʜɪᴠᴇ ᴄᴏᴍᴍᴜɴɪᴛʏ ᴠᴏᴛɪɴɢ ᴛʀᴀɪʟ
⋆ ᴅᴇʟᴇɢᴀᴛɪᴏɴ ʟɪɴᴋs 25 ʜᴘ⇾50 ʜᴘ⇾100 ʜᴘ⇾500 ʜᴘ⇾1,000 ʜᴘ