The top 100 coins on Cryptobubbles tells you all you need to know about the state of the crypto market. I have not checked this site out for some time and noticed an advert in a bubble which I thought was quite clever. I used to check what new names were showing up because I have no clue what 90% of these crypto's do and will they ever offer any real life use cases. I guess the likes of BONK, TRUMP, PEPE and PENGU being in the top 100 kind of answers that question because a majority of the coins have no use case value.
This Bear market has been brutal for crypto investors and besides selling what else is there to de besides simply holding? This is what a high percentage of crypto investors do because they know no different.
This morning I noticed that my portfolio had taken another knock overnight with Bitcoin now in the $62K region and looking like it could drop below $60K shortly. We know that the altcoins follow Bitcoin so this is not looking pretty and who knows when we will see the bottom. Always when you see some smart ass calling the bottom we are guaranteed to drop further.
Hiding away having your crypto staked earning daily rewards is the smart play because at least you are still earning more coins. I am not concerned about the prices as I have no intention of selling and the mindset is all about accumulation for the foreseeable future until the prices rise and it is time to sell.
Todays index reading as expected.
I think when you are earning no matter what the market is doing your outlook changes. If I am honest my thoughts are more neutral with no fear or bullish sentiments which is actually quite great. The start of the Bear cycle after the ATH I think I was slightly bummed but that is natural watching your dollar values being decimated. Having been smashed already they cannot be smashed much more and there is no worries or concerns from my side.
Being in crypto if you are concentrating on price then you truly are a sucker for punishment especially as we have been in a downward trend for nearly 5 solid years. Rather enjoy your time in crypto by growing your bags having your portfolio staked as it helps boost the confidence.
HIVE is the perfect place for anyone in crypto and is like a bomb shelter of sorts shielding you from what is happening in the market. The ability to earn on many fronts due to how active you are and how much HIVE you have staked influencing those earnings.
Having been on HIVE for 8 years 90% of that time has been in a Bear market and it has all been about having fun and enjoying yourself whilst also learning about crypto. The biggest surprise is that more people do not see this because it is the perfect home base online if you are in crypto.
My friend who is staked on COTI phoned me at lunchtime and he was laughing at the crypto prices only because he is earning coins each day through the APR. It was not that long ago he was stressing about the prices and the only difference is he has some coins staked and this has changed his outlook on price dips. He has still "lost" value, but less than he would have if he was not earning daily rewards. Humans are simple lol.
Posted Using INLEO
this will be just a rock in the way, at this moment most people want build s... with AI and make money instead invest in crypto but in a few months with highers cost per each token with the AI promps they will come back to the this world again, while i am writing this i thing that could be a good idea can pay prompts with hive tokens :D
Market volatility is temporary, but accumulating through staking is a long term win. It’s all about changing that mindset from fear to growth⏳
Staking was actually the first thing I did getting my first hive into the chain. I've learned about the good days of Hive, I know that's a good move to make
Expectations right now are for a technical bounce in BTC and then on to 50K levels by November elections...
Oh, I am glad to see that greed and fear index. I forgot to see the last time I saw such a low score.