Direct from the desk of Dane Williams.
Some days there are certain posts and lines that I read on LeoFinance, which just resonate with me.
Today that was this little extract from tarazkp’s you’ve lost that market feeling:
…if you are serious about wanting to benefit big from crypto, this might be your last opportunity - or are you going to wait six years?
And the following two Bitcoin charts:
So, is it genuinely time to buy the dip?
The answer is obviously yes.
This IS your final chance to buy the dip and build a cheap income generating stack before the next event that causes a predictable repricing in the same way that it always does.
Each cycle you wait, the harder it becomes to build that base stack which will offer you truly life changing money.
Are you going to take the opportunity being presented?
This seems like one of those times when the risk of not being exposed to the consistent, potentially parabolic upside, is far greater than if it were to go to zero.
Which at this point, is quite frankly impossible.
The world needs decentralised, secure, censorship-resistant monetary networks.
And there are only 2 that currently fit the bill.
Buy the dip.
It’s time.
Now, I don’t think there’s any doubt that the majority of us Hive die-hards are trapped in our own little bubble.
Let’s be up front.
If you’re still grinding away here on Hive after all this time, then most likely you don’t have a lot of dry powder for buying the dip.
And if you did, then you would have bought it already!
Come on, I know it’s just not me…
Most of my crypto activities are in some way tied to the Hive and LeoFinance ecosystem.
Personally, my Hive crypto journey follows a strategy of moving money around within the ecosystem to get the most bang for my buck.
Between curation rewards, free money via airdrops and LP rewards, I continue to be able to stack at a fairly decent rate without pouring much, if any, new money in.
I’m a prime example of showing how people can use Hive and crypto to literally build value out of nothing.
How good is crypto, right?!
But buying the dip requires outside money to be brought into the ecosystem and I’m just not doing a lot of it.
One of my 2022 personal goals was to focus on doing things that make me the most amount of money, with the least effort.
Basically focusing on certain types of content that I can repurpose into other areas of my freelancing business and personal brand.
All with the goal of making more money from my external business.
It’s now 5 months into the year and…
Well let’s just say that I’ve so far failed miserably in sticking to another new years resolution.
While in no way am I doing bad, I certainly do waste a shitload of time that could be more efficiently spent making more money elsewhere.
Generating a larger income and allowing me to actually buy the dip that the markets are currently immersed in.
In saying that however, don’t get me wrong.
I mean, it’s not like I’ve completely and utterly wasted my time here.
I’ve created an a shitload of relatively quality content here on LeoFinance - At least from the point of view that Google indexes our version of the post.
All that isn’t going anywhere and will continue to drive ongoing value to the LEO token when the ad revenue mechanism is finally integrated into Leo Power.
In the meantime I’ve built a juicy LEO stake and positions in LBI and the SWAP.HIVE:LEO LP.
I’m certainly not complaining.
But I could and most certainly should be doing more.
Could you?
Best of probabilities to you.
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I'm in crypto for 8 years now.
Except now! I bought near the exact lowest point (if we won't go lower). Not much, but I'm proud of it.
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3 out of 3 is what you want, and this time you have it! !PIZZA
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What did you end up buying?
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A bit over 30k
I caused the lower dip lol :D. If I don't buy the price would stop there, but I bought so it had to go lower just to fuck with me.
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The thing is every dip is the time to buy, but no high is the time to sell. lol. Thus every dip and every high seems to be the time to only buy. 😅
But certainly your Hive progress is inspirational mate. 😃👍
!LUV !PIZZA
@shubhwaj(1/3) gave you LUV. H-E tools | discord | community | <>< daily
Just sell the top and then buy the bottom of the dip.
Ah, isn't hindsight trading easy ;)
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Not buying anything, but neither selling. I'm highly bullish though and have plenty of reasons to be as such
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I made my buys, so now I just have to wait to break even and then wait for math to do its thing.
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...
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Very one has is or her opinion you might have a reasonable reason for your statement not everyone will buy and not every one will sell depending on your plans and goals
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Just keep grinding and earning here on Hive.
See you around the community mate :)
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There's no other way around
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I should be doing more but I don't really have that much money sitting on the sidelines. At least I will stick to my own plan for now because I'd rather not let emotions run my investing.
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True talk is better to be sensitive and smart that biting more than you can chew 😂 lol
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Just keep doing what you're doing, grinding away here on Hive and earning that way.
With price going down, we're actually earning more tokens, making it easier to build that base stack for the future.
Keep going :)
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This is wise, emotions should not rule us.
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Nah bro, same. I'm just focused on growing my LEO and HIVE stacks while feeding liquidity pools. All the money I make goes right back in.
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If you don't have enough of a base to generate a meaningful daily profit from yield, then these dips are nothing more than an opportunity to stack faster.
Smart ;)
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Its incredible. 6 months ago I had $12k in various hive based tokens. I've done nothing but stack more through trading, and 6 months of renting out Splinterlands cards and spreading that around, and blogging and curating and somehow today my stash is worth $5000.
Talk about feeling like you could be doing better with your time elsewhere !LOLZ
!PGM
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(5/10)
Haha sighhh, I feel you.
But my thinking is that I'm trying to build a base stack that I can eventually skim profits off the top as an income.
My base stack isn't big enough even if prices were 5x where they are now, so the dollar value doesn't really matter.
Just keep stacking!
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Solid goals. If we go crypto winter, curation rewards should go up for a while which will help build those stacks. Then its just about making sure you're only stacking the projects that matter. Iknow you already do with Leo. Mine might need to be reined in a little.
I've enjoyed jumping on new projects since I got here too late to be a hive or leo whale. I like a few of them but many I'm not sure how much they'll ever matter.
!PGM
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I bought some yesterday and woke up today to an even more discounted rate, lol!
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1 day means nothing.
The timeframe on the charts shared in the post tell the real story.
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Yes 100%
Those with cash/Stablecoins rejoice and buy, everything is on sale
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The rest have an opportunity to just keep grinding and earning that way here on Hive :)
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!gif buy the dip
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Via Tenor
Lulz.
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Every such massive sell-off used to stay for some time. I want to recollect the late 2018 consolidation of BTC for around 4-5 months until it pushes up again before the halving event. So I think we will get ample time to fill the bag while BTC consolidates between 22k to 29k.
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Yep, I like your thinking.
Look at how long you had to buy the previous bottom on the chart in my post.
Have a plan and execute :)
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If we have Capital, we should buy this dip. !PIZZA
If we're in a position to buy the dip, then we buy the dip. If we're not in that position, we do the best we can when we get in that position.
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Just keep grinding away on Hive like you're doing.
You've actually inspired me to dabble in Rising Star ;)
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This is a good time to buy and in few month the story will be a different one
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Cheers for stopping by :)
PS. Great to see you're upping your engagement game, Toby.
Keep up the great work!
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Thank for the support and encouragement @forexbrokr
Yep… great time to buy the dip now…
Thanks for the info and graphs.
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Cheers for stopping by :)
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You are welcome @forexbrokr 😎
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Many people has failed thus far with the new year resolution. This is probably due to many reasons. The bear is probably one of them. In reality, I'm banking on picking up different little assets along the way. While I might not make six figures in the next full bull, I'll have achieved some solid life goals.
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My friend it is not too late you can pick up one now and before the year runs out it can be achievable so take your time
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Same as you too, the waiting window is thin. It's opportunity for everyone now.
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Yeah, I think your plan is a good one.
Just keep grinding and picking up what you can along the way.
See you around the community :)
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Thanks, I'll keep doing that, for now, my goals are HBD and Hive. Keeping the herd thin.
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I'm definitely buying the dip right now!
I don't have a lot of outside money at my disposal but I'm using whatever resources I can spare to increase my positions on Hive, LEO and some BTC too.
!hivebits
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Success! You mined .9 HBIT & the user you replied to received .1 HBIT on your behalf. mine | wallet | market | tools | discord | community | <>< daily
Good one friend best of luck in your investment
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All while still grinding away and earning the first 2 here in the community.
Solid strategy :)
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You know it!
Some people tend to drift away from Hive in times like these so there are more rewards for us
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Buying is hard when there is so much fear in the market, but the best time to buy is when no one wants to buy. Dollar cost average and keep some dry powder.
Selling is even harder when every influencer is telling you everything is going to the moon. Having sold while the asset continues to climb or not sold at the very top, are more common than you think. Don't fret, we are only human and you made money.
So, what to do? Have a plan written down well before fear and greed take over, execute the plan and don't look back. Discipline will get you there more than mere luck, and discipline will ensure you keep your winnings.
Good luck to all.
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Great comment!
Everything you've shared here is the calm, intelligent, common sense approach.
I hope to see you buzzing around the LeoFinance community a bit more going forward! :)
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Definitely the best time to buy, markets will try to make quick recovery during this period. If you are looking forward to making quick 20% gain, now might just be the time.
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This is a wise word, am definitely going to key to that
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In my opinion, the real money to be made is in the next doubling cycle.
Don't just go for a 20% dead cat bounce.
Position yourself for the doubling curve to play out as it always does.
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I have learnt a big lesson from this present dip. I never saw a dip coming this soon. I plan to make a stablecoin reserve just for seasons like this to load my preferred assets then sell out when it moons to recover my capital.
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Just remember that the key is to be selling your volatile assets into stablecoins at the top.
Not the bottom, like now.
...or maybe this isn't actually the bottom yet? ;)
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This is a layer of silt that slips through your toes when you're trying to find the bottom)
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The main thing is that that stable coin does not dive into the water)
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Your progress on hive is a source of inspiration for me. Just learning the ropes on hive and crypto and it already seems like I am in an ocean almost about to drown.
Thanks for the life jacket you have provided in this post.
Cheer mate!
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If you have any specific questions, don't be afraid to reach out.
Happy to help :)
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I wish I had some money outside Hive at the moment I will be the craziest happy person right now.
This is like I once in a lifetime discount.
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If you truly believe that this is a once in a lifetime discount, then you'll find a way.
Look at the timelines in those charts - You're going to have time.
It's just up to you if you want to take it.
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It is possible that you, at the moment, having no money outside the Hive, are the happiest person)
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lol, how?
😂
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Lets eat... Im hungry for bear meat
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Gorge yourself!
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Enjoyed the article and thought Id share. Well done.
That's true. Buying the dip is the ultimate Now but the problem is, if crypto will still sell More because of the bearish market we are into now.
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You're right.
Bottom picking can be dangerous in the short term.
Stay safe out there, my friend.
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Thank you
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Anybody know anyone that wants to buy a slightly used kidney? i need to buy the dip..
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Those things are valuable!!
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Indeed, and I would never...but the crypto itch is real right now.
If we are wrong - then we just have to wait a bit longer to be back in the black :)
I've been loving your content lately.
Hope you're staying safe out there and continuing to grind as normal :)
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Yeah)
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Today, May 15, Bitcoin surprised me by returning slightly above $30,000, I, however, don't know if it's time to buy
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Well explained sir, thanks
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What conclusion have you come to about the current crypto dip?
Are you buying?
Selling?
HODLing?
Sitting on your hands for now?
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Great post, bro.
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It's always a good decision taking advantage of the dip. But the problem many faces is the lack of money at the moment of the dip.
Hence, it is important to always set aside some funds for situations like market dips.
For me, I'm buying some dips on hive-engine as I hope for the best
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Your question:Are you buying the dip?
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I really don't know each we have reached the dip.
I think this can dip a little more.
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It is time, in such bear markets is when the crypto millionaires are made. Bear Market is the one to change your life
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