Posts

Crypto Bloodbath

·
0 views
·
2 min read

Today's a pretty bad day for crypto. BTC is at $43k, ETH at $3.3k. That's a 10% drop from yesterday, which is quite a dip. I'm sure Elon and his tweets have something to do with it, but come on guys, we are supposed to be decentralized. Don't listen to the actions/words of one man. Surprisingly Hive is up vs BTC which is quite nice. My stack of Hive is going up in value vs BTC and I'm happy about my choice.

Is this the end of this bullrun? Maybe. I probably will be disappointed if that does happen, but it's not unexpected. This was quite a runup, with BTC going all the way to over $60k. Ethereum was at over $4k and we have so many new things that got popular(AMM, DEFI, NFTs) and honestly while most of the things will probably die off into obscurity, a few of them might stick around and get bigger and better. AMMs and NFTs are here to stay for sure, and DEFI is a much bigger concept that will probably have a lot more things added to it as developers get fancy and come up with even better ideas.

I think the best thing I learned during this bullrun was to diversify. I still am heavily in Hive, but I did move some into other cryptos. This should help if one goes to zero for any reason. I still haven't reached my goal of being a Hive dolphin on my main account so we just have to wait a while for me to reach that, but I'll continue to stack and grow on that front. I definitely need to explore some of the other tech thats out there too, as a lot of it sounds really cool. Though my exploration with BSC and ETH found me liking Hive's tech so much better just because of how easy to use it is and how unlike those chains, we don't have to rely on third party indexers for basic stuff like account history data.

Crypto is awesome guys, and even if the price goes down, don't forget that. There's a lot more to it than just making cash.

Posted Using LeoFinance Beta