Yesterday my conversion of HBD to HIVE completed and then I transferred those HIVE tokens to Binance and cashed then out to fiat. It felt good that I was able to withdraw $200 in fiat just from posting on Hive. That was pure profit.
Normalising cashing out our crypto is something many don't do. We're told to HODL and stake, never told to sell or take a profit. Do you know who is taking profits? Everyone. Even the people telling you to HODL are taking profits.
That has always been one of my rules. I have never been afraid to take a profit. During the 2017 bull run, I cashed out 90% of my crypto holdings weeks before the market crashed and went into a prolonged bear market. Why? Because even I could see the bull run wasn't sustainable and despite warnings from many, many kept living like the party would never end. We all know the party ended.
Thanks to that 2017 bull run, my life was changed. I was an early investor in Monaco Card (which would eventually become Crypto.com). I used those profits to pay off $20k in credit card debt. I also had a car loan I paid out as well, saving a tonne of interest. If I hodl'd, I would have lost the ability to be debt free.
If it feels right to sell some or even all of your crypto, do it. Don't let people bait and guilt you into holding a bag, especially if you need it. In my experience, those telling you you HODL have ulterior motives and are looking out for themselves.
As for that $200, that will be going towards Christmas presents for my two children.
Posted Using LeoFinance Beta
Unfortunately, the HIVE platform depends on having more people buying in than taking out.
I have to admit. I am tempted to follow your path and cash out the HBD in my savings.
!PIZZA
Posted Using LeoFinance Beta
yeah, big hive personalities only leeching out
and they are of course also very coincidentally curated by just the biggest "curation projects" like @ocdb @curangel @appreciator and @leo.voter
this is more like very dumb farming than proof of brain
;)
I gifted $PIZZA slices here:
@yintercept(1/5) tipped @beggars (x1)
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I am neatly 2 years on hive (my mainaccount @mein-senf-dazu) and didn't cash out to fiat to spent it.
I have powerd up as much i could. Have only spent some hive for splinterlands, dcrops, risingstar and some other things in Hive ecosystem.