Personal Ways Of Discovering How To increase Your Crypto Liquidity
Weighing The Options
A lot of people feels that their current money problems is actually the biggest and most important that they need to solve. People who are reactive when it comes to personal finance sees the present as the biggest need they should take care of because they feel the future isn't certain.
Hence they have to use whatever means they have to take care of their current problems this isn't just the case with fiat currency, it's the same with Crypto. Early last year when the chain split and hive was born.
Iwanted to spend my steem stake and use it to take care of issues then I knew that I needed hive liquidity, not just to grow my account but also to help the growing chain, buy back from those who are dumping it and also to take advantage of the cheap prices of hive in other to increase my liquidity and power up.
To Buy, Swap & Hodl
There's no two ways about it, to increase your liquidity you have to buy at some point, it could be buying with your own personal money or swapping one coin for the other, it could be holding one coin for passive income, it could be for compound interest but then when you're completely swapping, holding, exchanging, it's just the same as having futuristic plans for your coins.
Splinterlands for example has shown how valuable hive's resource credit can be in the future, so for someone who's doing away with their holdings and at the same time making away with their resources credits, would it have been worth it when the real scarcity comes, and they found out that they have sold their holdings at a terribly underrated price?
This isn't to say that the certainty is there it's why we take advantage of the present trend to make analysis for how the future would be like, just like SPK network is bringing one of the purest form of decentralization by ensuring true ownership.
To Liquidate Or Not?
One of the reasons why I never think of ever liquidation my assets to take care of my present needs is because they're worth more than their present valuation, especially at a period of time when there will be scarcity.
While many might not think the future will be that attractive or promising, I find it as a huge reason why many are exposed to plenty at a time, but then the next time, they're left with no liquidity because they've liquidated their assets in the thoughts that the future is uncertain.
At one point in time, it's always important for one to be smart. Having the right price, the right liquidity and the right conditions to sell is almost every crypto holder's prayer, but then to get to that point is often difficult because they would need to make the right choices to actually get there.
Futuristic & Precise
There's no miracle to growth, in crypto you have to be incredibly precise with your decisions and this includes being painstakingly futuristic. Crypto has proven to be futuristic in the way it accrues value, it's why people must see the essence of having the right liquidity at all time.
About two days ago, I got 1.2 HBD for saving around 160 HBD, I actually didn't pay attention to how long it takes to pay out, I'm happy to take it, HBD is pegged to the dollar, or it's making huge attempts to be permanently pegged.
I could earn more interest for saving more HBD, truth was that if I sell that HBD I wouldn't get the opportunity to gain that interest. Hive of course might dip overtime and imagine accumulating more HBD by saving more and of course using that interest to buying more hive to actually increase my hive holding.
The Need To Be Detailed
I'm someone who is incredibly detailed when it comes to earning interest, but you can not do this without owning, or having liquidity. It's why a lot of people lament about not owning at all.
For example, I've discovered that earning interest on the Nigerian naira is rather unimpressive and doing it on HBD for example can even be more profitable, what I do is make sure I have more HBD not because I want to earn interest alone but because I want to be in the pole position go buy back hive when it's cheap at one point in time. It's smart business.
Furthermore, it's how I do with the second layer tokens too. The chain isn't just about blogging alone, it comes with so many interesting features that's begging to be discovered by the world.
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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
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You are absolutely right that people always think so and this certainty is not found particularly in new users.
It's not, anyone can be prone to it.
Solid points you have raised. There will never be a time where our needs are fully satiated. If we decide to take our best hope of meeting our future needs now, it'll lead to regrets down the line
Exactly, we cannot be fully satisfied by any means, I take my furisitic goals very importantly, it's why I can only do so much for the present.
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Thank you for this. I used to have this mentality too of living in the present because ‘anything can happen’
It can limit one from furisitic opportunities, although sometimes we're allowed to financially live in the moment.
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I remembered when I was so in need of money to settle some of my debt back then I had to sell my Ethereum of 0.5 which then Ethereum was just #160k, but now anytime I remember the incident and the current price of Ethereum I always feel sad because no money yet to accumulate another one
This is why we must be painstakingly futuristic, it's often important to see that cryto can always do the unthinkable. It's why I always see more of the future as one's current problems no dey finish.
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Abi o. Current problem no dey finish o. Just patient can solve it
If only more people thought like you. Most people don't look at the long term view and people should just choose what works for them. Then again I am unsure if HBD will hold the peg. I am hoping the ways they will though with the methods we have available right now.
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