Still researching
As befits the end of every cycle, the crypto market has had its bubble burst which I think has been sobering for most.
For those who have been in this market for a short time, a couple of years or so, I have to tell you that what has happened in recent days has not surprised me at all.
Each new bullish cycle causes a bubble, in this case, the hundreds of DeFi protocols are what has caused it and although there are very interesting ones, most of them are just that, a full-fledged pyramid scheme... obviously, there is nothing new to what I'm saying but it's been a long time since, in discussions with other crypto fans, I argued to them not to get carried away by high APRs, especially when the APR is obtained in the number of tokens you can get from the respective DeFi-token only usable in its own protocol itself (LoL).
(Source)
The case of LUNA and UST was too good to be true, 20% in "stable" coin... I myself, without even believing its sustainability, have come to lose some amount, although very small, in a protocol that, I refused to accept that it was true but nonetheless thought was well worth testing...
As a result of the event that occurred a couple of days ago, the crypto market has lost large amounts of an indispensable property, trust.
Now, as in every cycle, it is our turn to continue building and accumulating those projects that really make sense in the long term. Time will restore confidence in the market and I don't think it will take too long to do so.
If you want to speculate on various DeFi shit, it's obviously up to you but the ideal would be to imagine which project will prevail in the distant future.
I'm still researching about it, waiting for that technological inflection to emerge that deserves attention, however, in my opinion, today there are only two projects that require my full attention and dedication, one is BITCOIN and the other is HIVE... everything else feeds to these two, because I see no reason to invest long-term in the others than speculation in the short or medium term with the risk that this entails.
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https://twitter.com/thecryptorunner/status/1525027079837859841
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I read lots of articles about LUNA yesterday, I regretted so much about people who lost their money as if it was a tall building demolished after a long effort. I don't participate in such currencies with inflation and ambiguity, even if they are good. I prefer to focus on Hive, it is an old project with multiple platforms, affiliates and it's reliable.
I agree with you
Stay put on a wining formula and putting it to use frequent use for compounding interest is what Hive is to me.
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Speculation or risk is a crazy thing that should be avoided. The right project is the one that is long-term and gives you suggestions to participate in it and doesn't depend on temptations. For me, bitcoin and metals coins are the best option at this time
stake everything you can with them
Hahaha I feel happy anytime I see a post about holding more Hive and Bitcoin of course but my focus is on Hive as I am not so big for Bitcoin investment.
Hive has lots to offer and I'm glad a lot are keying into it to be part of the opportunities it will present.
Kepe researching, you might find awesome facts
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Agree, when did you start on HIVE?
Last year April
Slow growth right? 🙈
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Not bad if you haven't put any $ in, Keep building!
Yeah sure, I will 😊
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Like they say around here in SA, am in same WhatsApp group with you on Hive and Bitcoin, any other shinny cryptos out there, I don't have the time and energy for them. I will focus on where the growth is slow but won't lose sleep over it.
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That's a good approach
You're right. At this point I really want a $10k or even lower BTC.
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If I may, I would suggest you to start DCA
I will have to, of course
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I was skeptical about LUNA when everyone was promoting 20% yields and they had to subsidize it using their own treasury. I guess people need to really consider whether or not a project will work out and not just chase after yield. It's good when the market is going up but things fall apart when the market starts going down.
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!LUV
@svanbo(2/3) gave you LUV.
H-E tools | discord | community | <>< daily
My focus from the past two years now has always been how I will improve my hive holdings, I don't really have time for btc but I believe in it. Anything that is not sustainable I don't want to have anything to do with them
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keep this approach and you will success on the long run
I will keep that in mind
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