Phew... post US-election, we appear to have a glimmer of hope that we are starting to see the heavy handed enforcement in the world's biggest economy start to disappear! I'm not particularly happy that crypto turned out to be a bit of a partisan issue, and I really hope that it doesn't take the same path around the world... as the decentralised concept is definitely in keeping with some of the ideals of the Left. But there are many flavours of Left and Right... and unfortunately, the Left did take a bit of a turn for the worse, alienating many otherwise natural supporters. Hopefully this all starts to ease off a little bit...
Anyway, crypto prices have been spiking like crazy... and on some tokens, that does mean that it is time to take a bit of a profit haircut and park the proceeds away into stablecoins (backed by T-bills... or lending)... and then to eventually put it towards a physical change... we have been looking to get a renovation done, and we have been doing little things in stages, but saving up for a larger one that would mean that we build out a specialised music/teaching studio.
So, a bit of a chomp at the token balances... lots of things that seem to have spiked more than they should have, and perhaps I'll be wrong... but I have to stick to discipline, and reduce the amount that I'm exposed to these spikes. If they keep going weirdly higher, I still have amounts to sell.. but if not, then I've got something useful out of it. And that is the name of the game, I believe in the long-term future... but I also believe in pragmatism as well!
What got snipped?
DOGE: Yep, this seems to be riding weirdly high off Elon's Department of Government Efficiency project...
SUI: I don't know why this is spiking... but it is time that I took a little cut of this.
XRP: LOL, I had dust amounts of this still lying around...
TRX: Haven't checked this for a couple of years! Move to the new staking protocol, claim the rewards, and dump a chunk here.
FLOW: Also, sell off the staking rewards.
ADA: Ummmm... also haven't checked this one for years! Claim and dump!
I guess I should look over everything and see if there are other haircuts that I'm willing to take. No idea... but it can't hurt, and we do want to build out that music room!
Handy Crypto Tools
Ledger Nano S/X: Keep your crypto safe and offline with the leading hardware wallet provider. Not your keys, not your crypto!
Coinbase Wallet: Multi chain wallet with lots of opportunities to Learn and Earn!
Binance: My first choice of centralised exchange, featuring a wide variety of crypto and savings products.
WooX: The centralised version of WooFi. Stake WOO for fee-free trades and free withdrawals! This link also gives you back 25% of the commission.
GMX.io: Decentralised perpetual futures trading on Arbitrum!
Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
Cointracking: Automated or manual tracking of crypto for accounting and taxation reports.
KuCoin: I still use this exchange to take part in the Spotlight and Burning Drop launches.
MEXC: Accepts HIVE, and trades in most poopcoins! Join the casino!
ByBit: Leverage and spot trading, next Binance?
OkX: Again, another Binance contender?
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You might want to rethink dumping your ADA.