A Work In Progress

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It's been a humdinger of a week here. I started off on Monday with a bit of a free day after a mess of snow got dumped on our area over last weekend. School was cancelled and everyone got a bit of a breather. Honestly, the roads are a little better, but as I said at the beginning of the week, it feels like all the winter weather waited until February to show up this year.

Speaking of February, I can't believe we are already almost to the end of the month. With the price of BTC inching ever closer to that $100K mark again, it's possible that @edicted's prediction about Feb 22nd being a big date could be true.

As for me, I am continuing to build both in the real world and in the world of this crazy Internet money that we have all come to know and love.

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It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the community.

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I've gotta be honest, I really haven't been looking at the crypto charts too closely lately. With the slow crawl around the $95K mark, I just decided a while ago to "let it go" and not focus on it as much. It's hard for sure, but I had to do it for my sanity. It honestly kind of reminds me of my trip out to Colorado this past Summer. If you follow my post, you might remember me saying that the first two hours of driving in Colorado was pretty miserable.

When you think Colorado, you think mountains and lots of them. I mean the Rocky Mountains run right through the state right?

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The truth is, you don't really start seeing mountains until you are about half an hour out from Denver. The first two hours of the state is pretty flat and virtually void of anything to look at besides wide open brown spaces. I think crypto is similar to that right now. We talk about the four year cycle and we talk about alt season, so you expect these huge price swings. We forget that you have to get through that first "two hours" before you can really start to see the action.

Wake me up when summer gets here!

SPS Nodes

It would seem we are getting closer to SPS Nodes being available to run outside of the test net. I logged into the SPS Validator Network yesterday to see if I could start to get things set up and I was a bit annoyed to find that it doesn't show my license. I tried to register my license, but I get this error:

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I'm interested to get this up and running. I feel like I have been sitting on this node license for way too long now. It wasn't a cheap purchase for me at the time, and I know I have been earning SPS for holding it, but I'm itching to put it to use. I have Mac Mini at home I am thinking about running it on. I also have some free AWS space that I might use, I haven't decided yet. I would kind of like to see some minimum recommended specs and bandwidth requirements so I know which way to go.

I'd also like to see my license show up in the portal!

Holozing

Speaking of gaming on HIVE, I am inching ever closer to that 1 million ZING mark with my @holozing assets. Between the 770K I have staked (all earned, none bought), and the 104K or so that I have pooled in the LP, I am pretty close to my goal now. I'm not sure what I will do when I finally hit that 1 million mark, I will have to consider that when I get there. I don't feel like there are a lot of people swapping between HIVE and ZING right now, but the pool interest rate is at a decent 47%, so I am not going to complain. Perhaps once the game gets closer to release we will see more activity.

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Build Up, Power Up

I have a handful of bags that I am hoping make some big moves when alt season and the bull cycle gets into full swing. One of them is COTI and it seems to be doing pretty well. I haven't really been watching the price, but I have been watching the news from the team and they are still building, still working on their migration over to ERC20, and still building a lot of hype. Right now that means more to me than the price making some big swings.

I'm still holding my CHEX as well. There was a massive FUD campaign from one of the other RWA tokens against CHEX a couple of weeks ago. It tanked the price a little, but Chintai is still building partnerships and getting ready to release more news in the future. I think they are one exchange listing away from going to the stratosphere. Isn't that true with most tokens though?

Finally, I've still been building my VET and VTHO bags. Every now and then I hop into my Coinbase account and I buy $20 to $50 of both of those tokens. With VET sitting at $.03 right now and VTHO at $.003 it feels like a no-brainer. I also noticed the other day when I was watching the replay of a UFC fight that VeChain has a pretty prominent sponsorship near the center of the octagon floor.

VeChain is one of those tokens that already has a use case that is being leveraged daily right now. It's only going to increase as more and more companies start using the platform. The way I see it, it might not be one of those tokens that goes parabolic, but I think it should retain its value quite well with a potential 2x or 3x increase (more would be fine with me of course). The fact that holding VET mints you the VTHO token, could pay off big down the road as stable though maybe not grand passive income.

The big thing to remember is if you hold VET on Coinbase you don't earn VTHO, you need to move it to a custodial wallet to start earning from it. I usually move mine as soon as I can after I buy it on Coinbase.

That's all I've got for you today. I hope you have an awesome weekend and may Monday see us all a bit richer than we are today!

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Sports Talk Social - @bozz.sports

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All pictures/screenshots taken by myself or @mrsbozz unless otherwise sourced