Surviving
Another week at the Bear Market.
Today I realized that the value in $ of my entire "empire" in HIVE blockchain has been divided by more than two compared to January.
If my count is correct, in January my HIVE portfolio (ie, HIVE+HBD+HEtokens) was worth around $20,200. Today we are at $9400 which really saddens me.
In any case, I consider myself quite lucky because I have managed to protect my profits by transforming them into HBD and putting them in the Savings wallet, this is cushioning the fall quite well.
My H-E tokens are the ones that are suffering the most, they are devaluing much more than HIVE and little by little they are vanishing. Not all of them are doing it, in fact, CENT is holding up very well and I see "green shoots" in LEO and VYB lately which I keep accumulating every day.
We all know the game, in BEAR market we accumulate, in BULL market we have to be smart enough to collect some profits and put them in a safe place to be able to survive worse times, in this case, my safe place is HBD savings in this ecosystem but I also think CENT is a good alternative since it holds its peg to the cent of a dollar pretty well.
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https://twitter.com/thecryptorunner/status/1529838506696130560
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$9,400 x 10 in some two-three years... Just a matter of perspective.
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or more!
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Why not.
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With this most currencies depreciation crisis, the best solution is to transfer all profits to HBD as it is more stable, the same thing I do at least there is no losses.
In my opinion, tokens does not seem important to me, I will leave it
There are a few which are worth staking
This might probably not be relevant again by the time the rocket launch resumes 🥳
But in between, the current situation is disheartening. 🥺
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The lesson for us in relation to the current bear is parking profits into stablecoins, beside HBD, which other stablecoin do you see out there worth converting AlTs for?
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none but CENT
Cool thanks.
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It's always tough when these bear markets come. Value just vaporizes
this was a very strange bull cycle and I expect the bear cycle to be equally crazy