What a majestic week. In my neck of the woods, we've been awarded with some pretty amazing sunsets lately. Sure, I've missed most of them because I was busy with work or appointments, but while @mrsbozz and I were driving home the other night, she was able to grab a few shots from the expressway.
Believe me when I tell you, the photo doesn't even do justice to how amazing it was. I actually thought I was going to get in an accident because I couldn't stop looking to the left at the sun setting. Thankfully, we didn't, and I was able to enjoy all of the other amazing things that this week offered us.
I think we all know that Bitcoin crossed that magic $100K mark by now. It's been bouncing back and forth between the new all time high and below the $100K range for a week or so now. I'm not really surprised by that. The notion that it would skyrocket another ten percent or so was nothing more than a pipe dream.
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.
My first piece of financial news this week centers on a specific token. It's a token that I sort of aped into during the last bull market because I thought it was going to do much better than it did. Travala is a travel company and their token is AVA. The premise was, if you stake AVA on their platform, you would get token rewards (kind of like HIVE). Unfortunately, they changed the program and while you still get kick backs when you book trips through them, to get the free tokens quarterly for staking, you have to complete promotional tasks.
I'm not a fan of jumping through hoops, so I haven't participated in any of them. I still have my tokens staked, and if I did book through their site, I would get a percentage back. The problem is, most of their bookings are 10 to 20 percent more than just booking directly, so is it really worth it? I'll let you decide...
I was kicking around my MetaMask wallet this past week when I noticed a token called SNSY that was doing quite well. I couldn't remember how I came upon that token, but after a bit of research, I realized it was an airdrop for being a AVA staker. SNSY is the token for a group called SENSAY that is working on "personalized AI agents". This is one of the few times that an airdrop has actually worked out so well for me. I thought about selling and taking the gains, but then I thought, we really aren't even in the bull yet. Maybe just on the edge of it. Why not just let it ride and see what happens? Worst case I lose a couple hundred dollars I never had. Best case, I earn a whole lot more. At just over a penny, SNSY still has a lot of room to run.
The chart above is for the AVA token that I was talking about earlier. While the ATH for the token is somewhere just over $5, a sudden spike from under $1 to over $2 ($3 actually as of this morning) is pretty crazy.
You probably won't be surprised to find out that this Xeet(?) from CZ of Binance fame took place just about the time that massive spike happened on the chart above. I don't hold any, but I also noticed there is a sudden spike in the price of AVAX, it makes me wonder if people think the two are related and have accidentally bought the wrong one.
In any event, the price of AVA is doing quite well right now. I'm sure it will fall back down, but Travala replied that they have some more big things coming, so this could pop off a bit more when the full on bull run gets here. Most of my AVA funds are locked up in the staking program, but I do have some liquid. I'm half tempted to sell the liquid and wait to see if the price comes back down and buy back in before the heat of 2025 hits us.
I know a few folks on HIVE are also AVA holders and have loved the service when they used it, so they might find all of this interesting if they didn't already know. It's a little sad, because the idea has a ton of potential, I just don't think they have executed it very well so far.
I read two separate stories through the week that have to do with the SEC. It seems crypto companies have started to band together and virtually blacklist folks who used to work for the SEC. It's a pretty clear message, if you worked for the SEC and you are hoping to get a job in crypto now, you may as well forget it. In addition to that, they've taken it one step further and are putting law firms on notice, if you hire someone who used to work for the SEC, we will no longer be your client.
I'm not going to go into all the details, you can look on chain if you want to see exactly what I am talking about, but I am in the process of making some big moves with my HIVE account right now. These moves more actively reflect my changing thoughts and opinions on certain on chain projects. Over the past cycle, it's become clear to me how easy it is to get wrapped up in the hype of a certain project only to see it underperform and underdeliver.
There is a lot of good stuff happening on HIVE, and I truly believe in this blockchain and everything that it has the potential to become, so I will be working a bit harder on growing my HIVE stake to better position myself for when our day comes.
That's all I've got for you today. I hope you have an amazing weekend and a safe Friday the 13th!
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That Sunset looks very amazing. I couldn't stop starting at the photo. Have a great new week.
Thank you, I think my wife did a really good job of capturing it. She has become very good at being my shotgun photographer.
She really did a good job. Kudos to her.
Happy Friday Bozz. It's great we have alt season again and the mood all around is much better. I'm gonna check on chain what moves you have been making. You swapping to a new project? Leaving an old one?
It's definitely exciting. I miss the days when I was taking massive profits daily. Even if I did mismanage them! You might have to dig a bit to find it, but it's definitely the latter.
Yeah, I feel on top of the world with my bags pumping, I just don't think things have even gotten started yet though! LOL
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I don't think I ever had any AVA but did consider it at one point. Congrats on the free airdrop and the surge in AVA. I'm glad to hear about the blacklist on former SEC employees, they made their bed and now they get to lie in it! Eternal foes on the crypto industry!
Fantastic sunset! Pictures can never do them justice when they are that nice! Have a safe Friday the 13th, I've always had pretty good luck on these days so I don't buy into it!
Yeah, I am not too worried about the day. It's just another date in my book. One that I can't get back if I squander it. Sadly, I think I bought a good deal of my AVA at a higher price than it sits currently. It was the bull after all and I was making stupid moves instead of securing gains. Hopefully I won't make that mistake this time around.
It's always so hard to make a decision on these when you're already out money, do you hold and wait for a big bounce or cut your losses... I think we've all been there before!
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Thus warm sun looks cool , I'm very sure it waa to be in car and see it 👌👌⭐⭐⭐⭐😅
AVA ...hmmm... I must look in it , I have never used it 🤭😅😅 , but same time I want stay what HIVE 🤭⭐👌👌👌 if it hit 0.60 cent , it be more good then other small coins 🤭⭐⭐⭐⭐⭐👌🎅❤
I'm holding out for HIVE to go over $1, then I will start making some moves. AVA is interesting because it actually gives you a way to use crypto in the real world which is hard to do right now.
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