Crypto or Fiat Money .:. Hive Humpday Hangout Ep.35 (Wednesday, December 11th, 5 PM UTC)

After a short 1-week break, the #HHHLive show is back! The festive season is coming and this year, Christmas and the New Year coincide both on Wednesday! I suppose I will spend my time with family on those days, but we will see when those days come... At the moment, I'm thinking of changing the schedule of the show to run biweekly (every second week) and if we have special guests, we can make changes on the go...

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I know that I could create shorter posts and these announcement posts publish only in a few sentences, but I always try to add more value to them, and then I spend too much time on preparations, the show itself, and the recap posts... It takes too much time and, while it's fulfilling to do it, I have to work on other things too...

So, back to the topic! Crypto or fiat? If you have checked any of my previous posts, you probably know my view on this topic... 😃 The same as for HIVE, I have no control or balance in my crypto-fiat bags... To be honest, I'm doing a bit better this year, but that's still far away from where I would like to be...

Like some tunning car addict, spending all money on his cars, I was doing the same with crypto in the last few years! Every fiat money that I would have, I would spend on some hardware for mining rigs (while I was mining ETH), or buy some crypto! My bank account was always almost empty and I would keep ONLY enough money to pay the bills... 😃 In those moments, my crypto-fiat ration was probably 95% to 5%, or even worse!

Of course, that wasn't "healthy" and I decided to change it... It's impossible to live like that, especially as I needed fiat money to pay some "extra expenses" and I didn't have enough, changing from crypto in the bear markets is a waste of money! I have created a plan to take some profits when the next bull run comes, just to have enough fiat money for the days "in the bear"... I have already taken some when BTC hit 100K and I have exchanged some other tokens that had their pumps...

I was checking out some more experienced investors, trying to find the ideal ratio between investment assets and cash (fiat money)... There are no universal numbers as people have different strategies, different levels of risk, and different goals... But, from all those stories, I think that I will try to reach at least 20-25% of my portfolio converted into fiat (or stable coins) at the top of the bull market! Of course, when we are in the bear, and having some hard times, I will try to lower that number under 10%...

Those are my views about this ratio, but how do you look at crypto and fiat? We will try to discuss that in the show and you are welcome to join and say/write your opinion and your strategy! Also, we can cover some other topics like (I got some help from AI-bot!)...

• In what ways do the price stability and volatility of cryptocurrencies compare to those of fiat currencies?

• Where do you have more fees, operating with crypto or fiat? (I had another "rant excursion" with my bank, so this could be a firey question for me 😃)

• Security risks of crypto and fiat savings?

• Which one do you trust more? 🙂

• What are the implications of inflation on fiat currency versus cryptocurrencies?

• How might the relationship between cryptocurrencies and fiat money evolve in the next decade?

Those are just some of the questions that we could discuss in the show, but if you have some additional, you can always ask in the show, or in the comment section!

How was it in the last show? Two weeks ago, we had the freestyle version of the Hive Humpday Hangout where participants pick the topics, as the show starts with a blank sheet! And we had some great discussions about many different topics! As these "special edition" shows are not recorded, the only way to check out how it was is to read the recap post with my short observations... That's why the best way to "have the whole experience" is to come to the live show!

For all the participants, there are some LEN tokens for attending the show, and some special rewards (in Ecency POINTS) for those who were the bravest and came on the voice during the show!!! Don't forget that NOBODY is obligated to talk in the show, so you CAN come to listen and engage with others in the text chat... 😉

What steps you should take now:

1. Join Ecency Discord here
2. Check out your local time for the event at the top of the Ecency DISCORD side menu
3. Click on the chat-voice channel on Wednesday, 5:00 PM UTC (check your local time here)
4. Follow the event-chat channel during the show and engage with others!
5. Share the buzz about the show on Ecency Waves, PeakD Snaps, and InLeo threads using the tag #HHHLive and be rewarded with upvotes!

Or just click on this link to lead you directly to the Event announcement, where you can see all the info!

If you would like to discuss a certain topic in future shows, please let me know in the comment section... See you soon!!!

Thank you for your time,

--ph--

Inviting people who asked to be tagged in the announcement posts: @borniet, @chinay04, @chocolatescorpi, @dantrin, @duskobgd, @felixxx, @foxkoit, @ganjafarmer, @gwajnberg, @incublus, @kvinna, @manclar, @melinda010100, @mell79, @mengao, @mypathtofire, @nabbas0786, @palomap3, @rafzat, @rarej, @travoved, @yummycruz1. If you want to be reminded about future shows, please ask to be added (or removed) to this list in the comment section!

Check out these links to the previous shows:

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