Little did I know when I took this photo of an old vault down in Louisville Kentucky on our spring break trip last year, that it would come in so handy for posts like this. No doubt you have already heard that it is 2024. Likewise, I'm sure you have already read ever growing list of posts about what people intend to do this year.
While those "goal" posts may seem repetitive, we need to remember that they definitely serve a purpose. It's important to get your plans written down somewhere that you can be held accountable. Writing a post about your goals is a living reminder of what you promised the chain. The good news is, if you fall short, no one is waiting to rake you over the coals for it.
I was talking with someone on Discord the other day as I often do and we were taking guesses at what the next big thing might be in crypto. Of course the ETFs are potentially on the way, but in past years we have had big concepts like NFTs and DeFi pushing the bull forward. What will it be this year?
If I had to guess personally, I think it is going to have something to do with staking. That seems to be the big thing that the SEC was targeting for a while there and now it is under even more scrutiny after the LUNA and FTX thing. I have zero experience to base this on, but I wouldn't be shocked if we see some crazy interest rates being offered on staked tokens. Thankfully, HBD has been covering us already for a while now.
That's likely where I will be vaulting up any of my gains.
Speaking of gains, @edicted wrote a post the other day talking about things coming in threes. I'd like to take that same idea in a different direction.
The rule of thirds
If you are into photography at all, you have probably heard of "the rule of thirds". It basically the idea that you put the subject of your composition in the left or right third of the photo instead of right in the center which is probably your first instinct.
My rule of thirds for crypto is a bit different. I have some tokens that I have been stacking for a while now. Last bull cycle I made the mistake of not taking gains like I should have and I ended up with a bag of tokens worth far less than they had been.
This time I have already started setting some soft targets for when I want to sell. Knowing that those soft targets likely won't be the ATH, I also want to leave myself some headroom to take further gains.
For that reason, I plan on splitting many of my token bags into three parts. The first third is what I will sell when I hit that soft target. The second third is what I will sell hopefully near the new ATH. Finally, the last third is what I will hold in case I need them for something else.
MATIC is a perfect example of that. I have heard several bits of speculation that gas tokens could be a good sector to be invested in for the next bull cycle. So lets look at MATIC. Let's pretend I have something like 1500 tokens.
I think I purchased most of them at the sub $1 price point.
My strategy might look something like this:
When/if MATIC hits $5 per token (which is around 5x the ATH and not unbelievable), I sell 500 of the tokens. Let's say things go really crazy like people have been thinking they might come the end of 2024 and 2025. MATIC goes up to $10 or $15 per token, so I sell another 500 of them. Finally, I am left with that final 500 to pay gas fees for other tokens I might need to move on the Polygon blockchain.
Of course this is just my strategy, I encourage all of your to do your own research and come up with something that works for you, but this plan or at least a loose version of it is what I plan on doing.
MATIC was just one example. I have similar price points for tokens such as TLM, WAX, WNCG, CUB, CHEX, and COTI. The hope is by the time we reach the end of the bull cycle I will have some decent bags ready to buy in during the next bear. As I said, that was my big mistake last time. I took gains, but I didn't leave funds ready for the bear.
Of course Hive fits into that picture as well. I have already started to set aside some Hive to keep liquid so when it finally pumps, I can move it into HBD. Then I will just keep it there and earn whatever the current interest rate is until the next bear when I start moving it back into HIVE.
I still want to participate in HPUD though, so I powered up 150 Hive today as you will see below:
That's my plan for 2024 and 2025. I know it still seems like it is a long way away, but I think a lot of us are shocked we are already looking at the first day of 2024. This year is going
to be crazy. That is one thing I am for certain about. With ETFs being dropped, the halving, and the US Presidential election, there is a lot of space for things to go off the rails. Both in good ways and bad ways.
Many people love that quote by Mike Tyson that goes:
"Everyone has a plan until they get punched in the mouth.”
Which is true, but I still think you need to have a plan. Living fast and loose is all well and good, but for something as important as the possibility of generational wealth, don't you at least want to have a rough outline of a plan?
I would!
And I do!
Sports Talk Social - @bozz.sports
Right. But the big question is what are you selling them for? What is the thing that stores value?
Fiat, certainly not - highly inflationary, and on top of that you own taxes...
Bitcoin? Perhaps better than fiat, although I don't know what to say about its fluctuation...
Personally, I will be moving pretty much everything into HBD I think. The interest rate is just too good to resist. I know that comes with its own share of hazards, but it's better than where I ended up after last cycle. USDC is another option with a far lower interest rate.
You received an upvote of 100% from Precious the Silver Mermaid!
Please remember to contribute great content to the #SilverGoldStackers tag to create another Precious Gem.
Good tip that one with framing the subject in a photo. Will have to put it into practice.
In regards to tackling the bull market, I'm planning to offload the bags I have in 10% charges until I end up completely in stablecoins.
30% of the stables will be moved into HBD staking and that staking will hopefully help me build myself my Hive account during the next bear market when prices will once again be low.
That sounds like a really good play. I hope it works out well for you. I think a lot of people are going to have different variations on similar strategies.
Happy new year @bozz!
!PIMP
Thanks! Happy New Year to you as well!
You must be killin' it out here!
@summertooth just slapped you with 1.000 PIMP, @bozz.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/3 possible people today.
Read about some PIMP Shit or Look for the PIMP District
That sounds like a good plan Bozz! I think that is a pretty good strategy and hopefully some of those tokens will pump nicely in the coming bull.
I hope so as well!
Welcome to 2024, I wish you the best.
I wish the same to you as well!
I’m glad you were able to power up 150 Hive
Congratulations to you and happy new year
Thanks! Happy New Year to you as well!
Wishing you a very Happy New Year!!!
Thanks, I wish you the same!
Love it. I'm using the rule of tenths. I made 10 exit prices for the tokens I hold.
Welcome to a new year 🎊🎊
Before I started 2023 crypto journey I actually had a few tokens a friend recommend me but it was a bit overwhelming having to be paying attention to multiple tokens at the same time and the truth is how much I know about them besides been a $$ printing machine?? so I went with Hive and trying to learn as much as possible form it, still have some of them and plan to take profits latter on this year when the market kicks in, I also have a soft landing for some profits on Hive but still feel like I dont have as much HP as I want so just accumulating
There are different thoughts on diversifying too much versus having a bit of skin in the game. It can be quite a fine line between going too far one way or the other. Hive is a good place to focus.
Welcome to a new year dear friend 😁
It's a good strategy. I'm hoping to do something similar. If we have a bullrun this year. There is such an incredible amount of hype for it, I'm starting to become doubtful.
I think we might see an initial pump, but then I think it is going to be a mostly sideways year. Which is fine. As long as we eventually see a bull cycle.
Hello bozz!
It's nice to let you know that your article won 🥉 place.
Your post is among the best articles voted 7 days ago by the @hive-lu | King Lucoin Curator by nuthman
You and your curator receive 0.1193 Lu (Lucoin) investment token and a 7.81% share of the reward from Daily Report 165. Additionally, you can also receive a unique LUBROWN token for taking 3rd place. All you need to do is reblog this report of the day with your winnings.
Buy Lu on the Hive-Engine exchange | World of Lu created by @szejq
STOPor to resume write a wordSTARTWax was my entry to crypto. That token defies all crypto logic. Wax NFTs are awesome but token movement is "weird". It gets no love despite high usage.
For the record I'm an NFT guy... I'm in the coin 101 class 🤪
WAX wasn't my entry into crypto, but it's probably one of my biggest crypto wins. I bought in at $.03 before the last bull run and went heavy into NFTs. Most of them are crap now, but I still hold some AW land and a fair number of Dark Country cards. RPlanet and Alien Worlds were very good to me.
I had things staked on RPlanet but never got deep into the game. It wasn't really fun to me but I know people did very well with it
I had miners and I still have some lands. Lot of good they do me now...
Always take profits along the way, a very wise strategy my friend!
The three dragons of 2024! Hold on tight and have a great year!
!CTP
!ALIVE
@bozz! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ hirohurl. (6/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Congratulations @bozz! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
Congratulations @bozz! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Check out our last posts:
That's Not My Neighbor is a valuable resource for those investing in or interested in the cryptocurrency market. The author's advice and strategies can help readers make the most effective and informed decisions.
Happy new year, you have a nice plan. Thanks for shaping my idea. My worry is about the right time to convert my hbd in my savings to hive. Because when hive price move high it won't be good idea to convert hbd to hive.
I think some would argue that now is the time you should be doing that. You have to do what is best for you though.
Is it nice to power down to sale when the price is high.
I have a hard time ever powering down, so I can't really speak to that. To me powering down feels like killing the goose that lays the golden egg, but I understand how it can be beneficial if you time things right.
Am still try to understand the best way to take profit, am actually new to hive that is why am trying my best to learn more.
Do your own research of course, but for me, HBD is the smart move, especially with the interest rate at 20%.
Yes Hbd intrest is a smart move. Many people are cashing out big time on it.