In the immortal words of Old Uncle Remus, in Song of the South
Dip-a-dee-doo-dah, dip-a-dee-ay
My, oh, my, what a wonderful day
Plenty of crypto headin' my way
Dip-a-dee-doo-dah, dip-a-dee-ay!
I don't know if anyone has seen that movie, as it was taken out of circulation due to it being racist, but my sister had a recording of it on VHS when she was a kid and loved it. As kids did back then when they didn't have an endless supply of on-dmand content to consume, she would watch it on repeat several times a day, every weekend for months and months, yet perhaps surprisingly, never became a slave owner.
Anyway - I was looking at the markets when I woke up and saw that HIVE had dipped again, which was pretty annoying as I had just bought a little bit last night and, it didn't dip far enough to catch my other buys. I am not FOMOing in yet though, as I think there are some more dips coming - but it won't be long until it is going to charge.
Though impatience is a thing of course, where people are going to be looking for whatever gives them the best potential yield and waiting a month, a week, or a day is seen as an eternity - so people are constantly shifting their assets around hoping to squeeze the highest potential out of them - but I am guessing that for a lot of traders, they would have been better off holding and waiting for a very large pump.
Having said that though, with a fraction of my own holdings, I have also moved into the DeFi farms, which is pretty much entirely yield based - though when it comes to Cub, I am less concerned about yield, as I kind of know the team and have the sense that they are actually going to build projects upon it, not just milk it for personal gain.
This makes it far more valuable in my opinion and is a good example of how social capital plays a part in the success or failure of projects. A lot of projects cater to the individual, not the community, which means that investors operate as unknown independents, but are less likely to come together to collaborate or support unless there is a high ROI involved. When that ROI goal has to be achieved quickly, it means that the real valuable projects of the future will not get supported, because people aren't willing to go long on them.
I actually think that this is part of my bullishness on Hive, as it does have a track record of support and while most are concerned with ROI, there is a lot of people looking and supporting long on the platform. This allows for progress to be made that doesn't necessarily give an immediate return on investment for participants.
The future of crypto has to be tied to the performance of projects, where they can produce something of value that is sustainable and lasting. If each is essentially a pump and dump scam, eventually all will become valueless as there will be nothing created that allows for the parking of wealth for a continual investment position. There are many ways to use blockchain and crypto to add value to business, the projects are going to have to start acting as businesses and the investors will have to start realizing that the pump and dump will make short gains, but miss the large.
Eventually though, the projects that are able to provide real goods and service use case, will grow in value and become more stable, meaning that those who got out early might be looking to get back in. The early gains they made would be weathered away by the growth of the project. Because of this, they may never choose to get back in and instead chase the ROI of other projects. Though, as the entire industry matures, this gets far less likely and less lucrative and becomes much like picking the next unicorn company stock. If it was easy, everyone would be a billionaire, right?
Over the last few months, I have been slowly consolidating my shitcoins down into projects that I believe will have more value as they offer something that is growing. Travala (AVA) and Enjin (ENJ) are two of them, but Hive is by far my largest hold in this category and I think that the longer the project progresses, the greater the possibility of it building immense value as one of the few projects that are supported for more reasons than token ROI. At least, I believe it is this way.
Dips come and go and I think that currently in the market there is a little lethargy, where people are taking a breather, not dumping much, but also not buying much - just sailing along. A few weeks down the track and I suspect this is going to change, as the second quarter of the year gets into full swing and the entries into Bitcoin and crypto in general increase, bringing with it more market FOMO.
One day, people will be singing The song of the Lows - wishing they had invested into something that lasted and worked their way out of fiat and debt slavery.
Dip-a-dee-doo-dah
Taraz
[ Gen1: Hive ]
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These dips have definitely been a bit crazy! At least we are not seeing the huge swings that we were having last year or the year before. I'd still like to see some kind of upward movement instead of this one step forward, two steps back type of thing. It feels like we aren't making much headway, but I know this is just the nature of the markets.
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well, at 1200 sats, HIVE is up 300% from January - so it isn't all doom and gloom. However, I think that the second half of April will see a bit more action - though last time I made a prediction it arrived early.
I'd be more than happy to see that! Such an awesome song! I don't really remember the movie, but I am sure I have seen it. The song on the other hand, I remember every word!
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Ahh lookit the bird it's so cute and fat and squishy looking! Was it chilling with you or did you have to zoom?
"Everyone" "knows" crypto is a fad like the internet, or maybe that people who invest into it are completely stupid and crazy because it's unregulated and unsecured XD
I kind of vaguely remember Song of the South so I probably watched it at some stage. Can't remember a thing about it though, but now I guess I know where that little ditty is from.
It was sitting with me :)
This is more likely. All industries were populated by the crazies before they built a bandwagon to jump on.
Interestingly and sadly, the young star of it became a reclusive drug addict and dies alone of an overdose in his early thirties.
The song has also been used by disney in other places, ut the movie was taken out of circulation about 20 years ago i think. Probably still available somewhere though.
How cute! XD
And that is sad D:
I didn't hear much singing during the lows of the past couple of years. If HIVE hits $5 I'll sing you whatever you want!
The singing was in the form of a high-pitched, droning shrill of complaining.
I want it to dip back to 30cents so I can pay back the 1500 hive I borrowed to invest in cub (I don't see that happening). Shot myself in the leg with that one--in the short run
Still ROI, I think there is a lot of money to made and reinvested in projects I genuinely care about. I have learnt in times like this it is better to make gains than be right. The trends are going to come and go. It would be a great disservice to miss out on it all.
Like you, I got involved in defi--for the first time. And it is providing me with an extra source of income. Less dependency on hive, my stake grows faster this way.
After all is said and done, there isn't any project like hive in the crypto space. Asides that I am getting people close to me involved. So it is getting personal.
Like you mentioned, at some point chasing ROI or the next shiny thing will become futile as the crypto industry matures.
For those on hive, it is quite easy to stay put and build over time both stake and relationships. There is a lot to look forward to here.
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Never borrow - but good luck paying it off. I hope you can manage it in the next few weeks as I don't see it dipping back to 30.
Yep. This is something that is missing in the other projects - a community. When everyone's a stranger, there is no reason to care what happens to them.
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We even now that song here in the other world.
My version is
Dip-a-dee-do-dah-dip-a-dee-ay,
I need some Cubs my way,
So we can play
Btw. I have dropped the dbuzz thing as something doesn't feel right there. I know that I have to do other things to grow, but our reputation is clean and I intend keeping it that way.
Probably a good idea :) If you want to write a second post when you have time, do that - but I reckon the one-liners don't help anyone much.
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Good advice and I will give the two post system another try. In fact I have just posted the first and will do another one much later today when the other countries are awake.
Have a good day my friend.
I think the best strategy is to stick to your own game style - some try to play the games other's use, but it might not be suited. This is especially true when already successful, though the game can change so it is also wise to keep an eye open for opportunity. In my opinion DBuzz is fine, but it shouldn't be rewarded as a full post. Capped at the 1 dollar mark (in options I think) might be okay for it.
You are so right and my game style is a simple one called W.O.R.K. and it has never failed me come snow or shine.
Capped at $1 is a good move, but too many arguments going on there and one might get drawn in, so I avoid temptation.
✅
Patience is the name of the game. I learned with ETH, EOS and Bitcoin ... If you just HODL it, it will grow. If you keep HODL'ing, it will grow even more.
The trick with any investing (time or money) is knowing when to withdraw.
Time is money - more time, more money :)
Cryptos interruptus.
People who get in the FOMO alley are usually quite reckless and make rapid decisions. I am not sure it is always good because the profits don't come as fast as it may seem.
The little bird in the picture is so cute😊
Perhaps a little FOMO every now and again is good - it is easy to let it get out of hand though.
The bird had lunch with me in Helsinki awhile ago :)
I am surprised that it stood so still. But I guess that in big cities birds can be easily domesticated lol because there are so many people (and food)
Yep - they are friendly when there is food on the table that they think they might be able to share in :D
Yup. It happens to me when I eat in the city outside. We have lots of pigeons and they just fly and come sit on the table, at a very close distance. They love to snack. I am surprised that they are not obese lol. But I know that birds don't have a good digestive system so they have to ingest a lot of food all the time. Nom nom nom
It is funny, a lot of people do not like pigeons, but I find them quite pretty birds. I chase them and try to get flying pictures in front of places I can recognize when I travel :)
When I wake up in the morning and at night I hear them sing, they are so many. It is a pleasant sound. I like them, they're cute.
I wouldn't take my watchful eye away from anyone or anything not even for an instant. No one and nothing is absolutely shielded. And as you know, every hog always can get easily his Saturday. };)
I didn't say I wasn't watching - There is risk in everything. At least in the case of that team, the people are actually known publicly.
Yeah, I know. Kodak & Lehman Brothers were also known publicly. };)
So was the Roman empire - what is the point? Everything fails eventually - nothing gets built without investment.
Ah my friend. A pity you are starting to lose the taste for my twisted sense of humor. :)
Indah
Nice contents 🤩🤩🤩
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I like so much this post! Thnks for share!
@tarazkp
My best wishes and regards to you.
I am new here , keep me in prayers.
Good Luck.
Wow this is really exciting. Please @tarazkp my friend can you give me links to learn more about defi, Cub as well as leo. I see them beings talked about so much on this platform and am interested. Also as a friend can you also tell me a least of promising coins your buying to hold long-term cause I want to do the same. Thanks in advance 🙏
You can start here perhaps. Warning, It is a rabbit hole to run down though.
https://docs.cubdefi.com/
Thanks a lot. What about the other coins you holding long term
Hive, Enjin, Travala - all the information is out there :)
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