Some people say that we are still in the bear market that began in December 2021... Others say that we are in a bull market since the beginning of this year... The third opinion is that we are in the "accumulation" period where the whole crypto market is in a very quiet and stall period... It doesn't matter which of those three is true or not, but the fact is that we had one bottom at the end of the last year and we are still very close to those numbers...
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Here on HIVE, you are probably noticed that whenever the price goes down, someone leaves the platform... When the price pumps up, people come back... What I learned 2-3 years ago is that I have to push the most when we are in the hardest times... You can't accumulate crypto when the prices are high... But, you can do it when they are down... Yes, it is extremely hard to do it when everyone is "running to the woods", but every dollar that you invest in the hard, bear market, will make you return 3 dollars when markets go up... And they will go up... They always go up... That's what markets are doing... going up and going down...
In the last 2-3 years, whenever I see my favorite token is hit hard, I would begin with DCA-ing into it... Not deploying all my cash into it at once, but slowly building up my stack... Every time the price drops, I would add a bit... I wasn't like that before... I would FOMO in every single token out there when it would pump... lol... in late 2017 I bought tons of shitcoins that never recovered... But, when I learned the lesson, I do remember very well buying some nice chunks of HIVE when it was 12-15 cents in early 2021...
It's time to go back to other numbers for #MyHiveGoals... In the beginning, let's check out HiveStats...
screenshot from hivestats.io
This month didn't go bad at all... So far, so good... I mentioned last week that I have finally reached my "desired" amount of earned Hive Power during the 7 days, and this week I had similar results!
The 4.44 HIVE power-up every day is don't its part and combined with author and curation rewards, I'm getting to over 200 HP per week! In the last 7 days, I have collected 209 HP which is almost the same number as in the last report... Next week, we are having #HivePUD, so we will see how it goes next time...
The LEO price went up a bit, which means that I have received fewer tokens from my HP delegation to the leo.voter... Combined with fewer "finance" posts on my blog, I didn't collect as many tokens as last time...
In the last 7 days, I have added 90 LEO tokens to my LEO Power goal... It is still far away from my weekly (and monthly) goal, but the number is going up, so I'm good... :)
GAMING GOALS - Flexible Goals
I can't remember that I have mentioned here, but, lately, I'm going down in the Rising Star game rankings! I didn't slow down with my pack openings and I still play actively as I was doing before, but it looks like others are doing MORE! So, I will have to re-evaluate my strategy and maybe do at least 12 packs openings more per week... Will see how and when... :)
In the last 7 days, I have added 103 Rising Star NFTs to my collection!
Another thing that I mentioned in the last report was that the game launch is delayed and that it will probably mean that we will see lower GLX token prices... And imagine what happened? Exactly what was expected! The price did go down a bit and I have a feeling that it will go down a bit more... I have restarted my "buying spree" and will probably do my DCA strategy (look above at the opening words of this post) if it continues dipping...
As the price action happened today, most of my added tokens to the stake were earned from staking the tokens... So, in the last 7 days, my GLX token stake grew by 2500 tokens!
It's time to update the numbers and put them into the spreadsheet until the next week! So, freshly updated numbers for #MyHIVEGoals, on May 28st, 2023 are:
These are my initial goals for 2023 created on January 15th, 2023:
Join me in this awesome #MyHiveGoals and let's grow together! It is fun, it is motivating, and it will keep you focused!
Thank you for your time,
~ph~
PS. None of this is financial advice of any kind...
If you want to support my witness, you can do it by voting for @ph1102.ctp here https://tribaldex.com/witnesses, or just scan the QR code down below...
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
You can also find me on LEO Finance .:. Twitter .:. LBRY
Any bull market starts with an accumulation phase that not enough people take advantage of.
People say wealth is created in the bear market. I disagree. It's seeded in the accumulation phase, becoming ripe in the bull market and protected in the bear. I still need to treat all these phases right.
Huh... You explained that well in theory... But, it's not that easy to "distinct" the accumulation phase from the "bear market" as it can be sometimes very short, and sometimes can take months/years... But, I do agree with you...
It is sad to see the price goes down, but yes it is the accumulation phase since the Hive reward that we get from the content is better rather than when the price is going up. The content reward might bigger in term of $ value but the number of Hive is declining. I wish I understand this a lot earlier. !LOLZ
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He goes under cover.
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@ph1102, I sent you an $LOLZ on behalf of @ekavieka
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Thank you for being an !LOLZ supporter.
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As a matter of fact, the HIVE reward pool is more-less the same in both markets, bear or bull... As you said, the difference is the USD value... and one other important thing is that when we are in a bear market, fewer people create content and the reward pool is distributed among fewer people, which means that you can get more HIVE!
Bear market = accumulation
Bull market = taking profits
It's easy on the paper, it's harder to execute it when FUD and FOMO kick... 😀
!LOLZ my understanding is wrong then.
This is what I am trying to learn, at least I can get some profit in the next bullrun. : )
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They just don't want to.
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Have you tried the !gif !lolz !meme combo? It is a wall of fun!
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Earn Crypto for your Memes @ HiveMe.me!
Here the funny thing is that i joined crypto in December 2021 when it's the start of bearish market , and i continually do investment in some projects without knowing the results and than lost my money 😅 but still I'm here
I love your progress on hive of a week 😻
Well, it is not "lost money" if you didn't sell the token and exchange it back to fiat... You never know what can happen in a week/month...
But, I agree that it can be lost forever if you invested in some shitcoin... we all did that... 😂
Thank you for your kind words!
I also choose some shitcoin too just like some newbie problems 😅
I don't convert them into fiat but it's okay if i lost that money because now i can't do nothing
Crypto is like gambling
Those with a long-term goal actually prefer the price to be lower... at least for now.
I like low prices for accumulation, but I have to say that it would be time to see some pumps... 😂 I could fill my bags more, but I wouldn't mind HIVE going to $1 😂
that is really true !! i learned that in the hard way but now i'm doing a good job to build my account too!
It looks like we all learned it by the hard way... :) Those lessons are the best and we tend to NOT do the same mistakes...
200 HP a week is fantastic, congratulations on the progress. I don't know what market we are in but I keep accumulating.
!LUV
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I try to not put any labels on the current market, but rather, create some "personal" price limits for HIVE... If it goes under X, I'm buying... If it goes over Y, I'm slowly exchanging to HBD... :)
For you, I must say I applaud your process of accumulation. In 2017, if we were as wise as this, a lot of us could have become rich, but crypto is a learning process. People don't get the proper logic. No one can build when it's the bull market.
Thanks for your kind words!
This is on the spot! There is time for building and time for taking profits... Many people do both things at the wrong time and I remember doing the same before... It's impossible to grow bags in that way... It is a learning process and it doesn't come by night...
Nice progress. The cycle of people leaving and entering during the bear/bull market is just a cycle. Just keep building and we will come out ahead of them in the long run.
I kind of gave up playing Rising Star as much a while ago and it was hard when my rank started dipping a lot. After leaving the reward zone in the rankings, I just show up a few times a day.
I mean, those rewards for Rising Star rankings are so small at the moment that they are irrelevant... I'm using rankings more to check out how the game does in general, and how much other people push, or not... As it is an idle game, I'm not stressing too much about it... just clicking on missions while I do my ordinary work on the computer...
You are doing a great job accumulating this market, I also think this is the accumulation zone, But only worry I have is that, the supply for everyone coin is increasing and we will need more and more money to pump the market, much higher then previous bull run.
Well, the thing with increasing supply isn't a rule... If I got it right, according to stats presented by @dalz here, the HIVE supply didn't go up too much at all...
Also, some other tokens had a low inflation rate and ETH even became deflationary... The truth is that we have more "big players" in the crypto markets and it's hard to expect some crazy pumps like we saw before, but these lower inflation numbers give a hope of some potential growth in the future... But, we need better macro conditions...
Agree with you on this. But there are some tokens out there like SLP, whose supply has gone high massively and it would require huge amount of money for this token to go up.
That's true... but you don't have to buy all tokens... Nobody is forcing you... 😃 Check out details about it, inflation rate, use case, etc... before buying into it...
I think HIVE is way more useful, mature and develped than when it was at its All-Time-High of $3.41 in Nov 2021. I think we'll blow past that price in the next bull run; $7 maybe, who knows.
A dollar today could very well be $20 tomorrow. Just sayin'.
If you're slowly working and adding to you're HIVE stack, you'll be happy with the bull run, just make sure to lock in some gains.
Oh, HIVE is definitely much more mature today than it was before... Recently, I saw a video where the guy was showing Top10 coins from 2017, and among them, I spotted our "legacy chain"... That was clearly hype back them, but today, any place in the Top 30 would be reasonable...
Agree on this one... I had to "invent" a "poetic" title and I almost did "double", but it would be too low... 😂
I know that some people taking profits and ignoring the markets, which in some cases can be a good option... But, I don't like to take pennies if I'm "sure" that the token is worth much more... On the other side, I do have a problem with taking profits... Working on that, but I admit that I have a problem... 😀
Well, I believe that we are in the accumulation period so it is better to buy and hold for longterm
Yup... Agree with you and I'm doing exactly that... ;)
Success in crypto requires that you do the opposite of what sentimental people do in the market. As people stop blogging because of low prices, that’s when you add on more heat, and also accumulate more tokens as people are selling off in panic due to heavy dips. Catching Hive at 12-15 cents was a blessing, man. I wish I got an opportunity like that. Nevertheless, even 34cents is still a pretty decent buy price.
Just like how the bear starts with a sudden dip, the bull will start with a sudden pump, and that’s where the regrets will start. People who had been waiting to start buying when prices started recovering slowly will miss that entry. It’s fascinating seeing the market cycles alternating.
Who knows, maybe these 34-35c are some great opportunities to get some HIVE... We will see in the future... Or maybe those 12-15 cents weren't that good and we go under that? We never know... and just because of that, we should DCA when we can... and of course, do research on a token that we want to accumulate...
Many tokens will not survive more than a couple of years, but I think that we are lucky that HIVE is a pretty healthy token with a huge community...
I mean, it’d be good to get Hive at 12-15c, but going back down there right now will terrify a lot of people. A lot of people are holding on to hope that this bear is over and that the next phase of the market is to lift off from this accumulation.
I’m pretty sure in 2 years, somewhere into the peak of the next bull when Hive 10xs like in the last bull, we’ll see that even a 34-35c Hive was a damn good entry.
Great progress on your goals and 200 HP per week is a great amount. Sorry to hear you falling down the rankings of RS, it is really hard to climb the rankings with some seriously dedicated players at the top!
Those guys on the top of the rankings in Rising Star are craaaazy!!! 😃 They open tons of packs on the first day(s) of the month just to get all the new cards... I'm still missing some from May... working on that...
Thanks!!!
Yeah over time I realise it's always good to be contrarian. The outcome usually is better compared to chasing the hype and highs.
!LUV
If we think about it clearly... If everyone is buying, someone has to be on the other side... someone is selling... And if there is a FOMO, it is usually artificially created, which means that those who are selling are doing it right... :) You can apply the same logic to FUD... 😃
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