Down Day in Crypto My View and Long Term Outlook
Quite a day in crypto today, Bitcoin is below 110K and Hive dove below eighteen cents. On Twitter aka X people are writing about quitting crypto all together.
I think that I have seen this before. It looks like now is actually a good time to buy some crypto. This is not an investment advice, but if I had some extra money to invest in the market I would have definitely picked up some.
Since I don't have any spare cash at this time, I will just sit tight and keep on stacking Hive and Splinterlands SPS tokens. My Hive power is now over 18K and my staked SPS is closing in on 600k.
Long term the direction of Bitcoin and ETH is up as inflation is not going anywhere. Federal Reserve started cutting rates and eventually this will lead to economic recovery in United States.
Cathy Woods who is the CEO of Arc Invest has been saying for a while that United States has been going through a rolling recession for a while.
She actually claims that the tax cuts that are going in effect in 2026 combined with Artificial Intelligence driven productivity gains combined with Federal Reserve rate cuts will result in a new economic growth cycle in United States.
Lower rates economic recovery and increased market liquidity all points towards continuing growth in high risk assets such as crypto.
I have a fairly small percentage of my investments in crypto, so I will be able to capture some appreciation if the altcoin market pumps, but it also means that I don't worry too much about these dips.
I am accumulating crypto for long term and thinking of it as a lottery ticket that at some point might pay off. Blogging on Hive is a great way to accumulate it and I have not seen any other place that allows you to accumulate crypto the way Hive does.
Splinterlands is a high risk and potentially high reward crypto gaming project. It also has a potential to take off during a bull market when crypto gaming narrative becomes hot again.
All in all I believe that there are a lot of opportunities in crypto today and I am betting on Bitcoin, Etherium, Aerodrome Finance, ONDO, NEAR, Hive and SPS.
And I was able to get over ten thousand steps today thanks to the trip to the supermarket and some house chores. Stacking steps the same way as I stack crypto coins: slow and steady.
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Slow and steady wins the race they say! One thing this cycle has taught me is it's impossible to predict how the market will move in the short term. All we have to do is zoom out to see that, over time, the highs go higher. Overall, I'm feeling very optimistic about this next decade in the US. When we see people losing hope it's a very good indicator that a new dawn is right on the horizon.
Yep, the best buys are made when it is really hard to buy and the best time to sell is when everyone is sure that it is going much higher...
They say Gold always leads before Bitcoin, and “Up-tober” is just around the corner!☺️
Personally I keep hoping for a continuous slow grind upwards with Bitcoin, as this allows me to slowly DCA into a bigger position!😇
“History may not repeat, but it certainly does rhyme!”
How many times have we seen this happen since 2009……..😇
very solid approach!
Hold on my friend it may be a bumpy ride lol!😇
Yeah when there's blood in the streets and people are crying about quitting, it's definitely a good buying indicator!
'Be greedy when others are fearful, but be fearful when others are greedy'.
Totally agree with that! Heard it many times :)
I see crypot in a similar way as you. I could throw $50 into a slot machine and lose it all or I could put $50 into Coinbase and buy some tokens. They might do good, or they might go to zero like that slot machine money.
Yep, that is a good way to look at it.
I just don't understand why it is dumping everything, there is no major news in the world, nothing at all, unless if we want to do conspiracy, someone knows what we don't and sells? The problem is the war in Ukraine, until it won't end there will be too much uncertainty
Yes, a major war in Europe, major changes in American political environment all that contributes to volatility. And market makers make money when there is volatility so they are happy to help taking out both long and short players.
You scored over 10K again; you do that a lot. Congrats!
Any thoughts on LEO/LSTR/SURGE? I like SURGE as HIVE drops because it pays 15 cents per token per year which is a fixed amount, and it sells in the presale for 4 HIVE which makes for an effective APR of over 21% at today's HIVE price. If HIVE drops more, SURGE yields more.
Wishing you the best on all your crypto bets!
!PEPE !BBH !UNI !LADY
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LOHtokens.@kenny-crane, you successfully shared 0.1000 LOH with @seattlea and you earned 0.1000 LOH as tips. (1/8 calls)
Use !LADY command to share LOH! More details available in this post.
Hey buddy you all good? Been a while since your last post
All good, sir. Thanks for asking about me!
Spending time on pepegame and metarobots. GEM market is released and GOV market is coming probably this weekend. New battles coming to pepegame. Gem crafting too. Tweaking parameters to keep the game alive.
Also, got bored writing the same old thing for actifit because I generally do the same old activity! Let my auto voting friends who I really appreciate spend their UP votes on other more worthy content!
Lately I've been writing rather long relies in the comment section on posts on here, when I find something interesting to say.
Source: https://peakd.com/@kenny-crane/comments
Thanks again for your comment and have a nice day! :)
!PEPE !BBH !UNI !LADY
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I have been looking at Surge, but I don't understand why it seems to be selling around 30% under intended price?
$SURGE is in a presale phase, with the regular price of $1 coming soon. It was intended to pre-sell at 80 cents, which it was closer to, back when HIVE was around 20 cents. It was set up on hive-engine with a huge sell wall at 4 (4 * 20 cents/Hive = 80 cents). The sell wall has not been moved up or down, even though though the Hive price is down.
#SURGE pays interest weekly, and it pays a fixed amount of HBD of 0.15 HBD per $SURGE owned, not even needed to be staked. Since the payment is fixed, the lower you can buy SURGE for, the higher the interest/yield in percent terms.
Once the presale is over, and that is coming soon as SURGEs are flying off the shelves 😁, there will be a $50,000 pool with SURGE priced at $1. So at that time, some will cash out for $1 what they just bought for under 80 cents, while others will continue earning over 20% APR on their SURGE. Being that we're talking about a pool, the price you can get for cashing out that SURGE will change rapidly and it remains to be seen how many people can get out for around $1. I imagine you'd have to be fast, but we'll have to see.
In addition to the really nice yield APR, SURGE has a super power ready to be unleashed if the forces of the market align a certain way. One can convert 50 SURGE for 1 LSTR anytime at will. So if LSTR "surges" past $50 then SURGE should naturally rise to 1/50 of the price of LSTR. It is like having an "out of the money" Call Option on SURGE at a price of 1/50 of whatever LSTR is currently at. So if you missed the LSTR pump, you could either get in now or get SURGE for a future entry point.
SURGE and LSTR are in the LEOverse so how you feel about LEO and its team and community may affect how you feel about it's tokens. They have a long history here, and one can examine what they have accomplished and failed at. I won't have much to say about that, other than there have been things that ended up in both of those categories, which is not unexpected. Crypto in general is very risky, and of course not everything goes to plan.
Sources: https://peakd.com/hive-167922/@leostrategy/surge-is-the-first-hiveengine-product-to-offer-limited-downside-unlimited-upside-and-19-yield-while-you-wait-am9
as well as my own opinions!
This is Not Financial Advice. I never give financial advice and I am not qualified nor licensed to do so. Anything I write on HIVE is my opinion and for Entertainment Purposes Only! Do Your Own Research!
Have a nice day! 😃👍
!PEPE !BBH !UNI !LADY
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I was discussing with a friend about stacking more crypto especially hive now that the price is low. I have that desire to accumulate more hive too but wishes are not horse..
However, like you said even without money to buy, by simply creating good contents on the blockchain one can as well accumulate some hive and hold for the bullish market
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It really just comes and goes. That is how market works