In case anyone had any doubt, the past couple of hours have proven to us that we are definitely in the midst of a bear market. I was watching the Leo Finance video cast the other day and one of the members alluded to how mind numbing it is that BTC has been moving pretty much sideways for the past several months.
I think it has been getting to all of us and many people handle it many different ways. Some get out, some resign themselves to the "void", and others use it as the perfect opportunity to build their bags up even more.
I'd like to think I fall into at least the latter two categories. I say at least because surely there are countless other ways to approach the current bear market that I haven't talked about.
My problem is, somewhere in the back of my mind, I have this nagging feeling. Something nudging at me and asking me if I am doing enough. I don't know what more I could be doing given my current funds, but I still have that feeling that I am somehow falling short.
I've got some buys that happen each month on my Coinbase account. They aren't much, but they are there and they have been slowly growing in size over the past year or two. I'm also here pretty much every day posting, curating, and commenting on Hive and the various other front ends.
My rewards don't get me in the trending page, but they are decent. I can't really complain about them, so I just keep stacking what I earn.
In addition to that, I have some moderate investments on WAX, CUBDEFI, POLYCUB, and Splinterlands. As above, I am just letting those grind along in the background earning me some more tokens for my wallets.
Like I said though, given the huge building phase we are in right now and the potential for growth that is staring us in the face, I am worried that I am not doing enough. What if we get to the next bull cycle and it turns out all this work I was doing only amounts to a small boost in my holdings?
What if I have tokens sitting out there doing nothing right now that could be setting me up for an insane passive income stream in the future. I already know I have at least one token like that. Unfortunately, due to regulations in the US, there isn't much I can do about it.
You know that saying fortunes are made in the bear market (or something like that), I seriously wonder if I am doing everything I can to build that fortune right now. It's honestly hard to say given a lot of the prices lately.
Without knowing when or how the next bull is going to happen, all we can do at this point is guess and hope that we are doing the right things. I had a good conversation in the Leo Finance Discord the other day talking about DeFi and impermanent loss. Take CubDeFi for example, 37% is a dang good interest rate no matter how you look at it. Unfortunately, CUB being at $.02 means that 37% doesn't give you much unless you have some huge money invested.
Of course the hope is that the price of CUB will eventually go up, but is consistently earning 37% interest really that disappointing? Or should I be doing more?
Sports Talk Social - @bozz.sports
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My feelings are just if I am gonna be able to stack enough before the sentiment changes. So far I think we are in the panic stage so there are some more bearish stages ahead hopefully.
I feel more like I am in the desperation stage. I just don't feel like I am doing the things I should be doing to set myself up for success.
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Take some action then Bozz, and have a plan for when the bull run is in full swing.
It's tough but BTC going downward is bad given the long sideways action. At least, it will likely move down more until the buyers come back in because I am not sure people want to pick up a falling knife.
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Yeah, I am still waiting a bit before I start making some BTC buys.
Nice Post from you bro trust me I have really learnt alot.
Thank you, I appreciate it.
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I had the same feeling a couple of months ago and look where we got.
Oh... as a side comment. What do you think of this? Any similarity?
It does look kind of similar, but I mean you could cut out any section of a chart that you wanted and find another piece that looks the same. Still a long way to go before the big pumps happen.
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I will ride out this dip. I will just ensure that I am earning with everything I have so my stake will increase. That includes HBD savings, Splinterlands renting, SPS and pools as well as my general posting and curating.
I was looking to buy more $HIVE, but my crypto card is not letting me send to Litecoin wallets right now. I need to do that to convert it. It's a shame to miss out on these low prices, but it wasn't going to be a huge amount anyway.
I bought some Hive the other day. I had some BUSD sitting in a wallet so I bought some BHIVE I bought a little more this morning and I am waiting to see if the price drops even more and I will likely buy some more.
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I use some of what I earn to get more $HIVE, but most of it also lost value this week, so not much point.
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