Let's Suppose It's A Bear Market. Now What?
.jpg)
Let's suppose for a moment that we are actually in a bear market. You know that kind that lasts a long time and everyone starts crying about. What are your Hive moves.
I'm never really prepared for anything and lets say my plans are non-existent because they are. What would be the best way to accumulate assets on Hive to prepare for the next bull market.
Personally, I'm liquid in everything. I'm liquid in Hive,Cub,Leo,SPS,DEC and the rest. I did so in order to make one of my famous moves that I never make. I've left quite a bit of curation on the table but I wanted to be liquid while crypto was zooming over the last several months. I didn't do anything except buy some wax lol.
But in a bull market there isn't a lot of FOMO for me personally and I good at grinding. But what I don't know, is what to do.
I've been in the discords monitoring the chatter and people are doing things with staking and pools that honestly just don't understand. I'm always a little slow on the uptake and missed out on things like BXT and this swap.hive junk but I see folks are pretty happy with it.
If I can't figure out a solid plan I'm most likely to power everything back up and curate but I know that isn't the most profitable way for a 4.5 year veteran of steem/hive to operate lol.
Hit me with your best ideas in the comments. I'm open to learning about everything but I'm slightly risk averse. I just don't want to be holding assets on the sidelines when they could be working for me.
Posted Using LeoFinance Beta
Well, as I see you are also somebody who is not much into understanding things faster like me. I don't know these swap things either.
But I suggest if you have a good amount of HP then you can earn good rewards curating.
This is what I earn monthly from curation on my more than 6K HP.
https://ecency.com/hive-167922/@eddiesun/why-should-you-power-up
You can check yours on Hivestats.io.
yes, curation would be my default option but I see all this other stuff going on that I don't understand. I don't know why it's so hard for me. And after nearly 5 years
Posted Using LeoFinance Beta
Same is here
Well if it's a bear market, we just put our heads down and get to work!
I'm looking for the workflow lol.
Workflow?
yeah, the steps to take to earn the most with your hive. I'm seeing a lot of pooling and swapping stuff I don't really understand.
Posted Using LeoFinance Beta
There are so many ways to earn on HIVE so I would just pick the option you are most comfortable with. So if staking and curating is what you like, just do it.
Posted Using LeoFinance Beta
But I really want to learn the fancy stuff. Curating won't be the best way.
Posted Using LeoFinance Beta
Well the best way is obviously hard with all the choices and it tends to be more luck based. I prefer to just choose some projects and strategies that I don't mind.
Posted Using LeoFinance Beta