Back in December, I decided to postpone Core Number Compounding on Hive. When I made the decision, the market was near its top. I would have had to continuously add more money to my positions to stay at my core numbers. Now that we seem to have somewhat stabilized, it is time to rebuild the core number compounding position.
In case you are wondering what Core Number Compounding is, here my past posts on the subject:
I have other posts in which the market downturn prompted me to stop.
We don't know if we have reached a market bottom. Things can definitely get worse. Crypto is more vulnerable to market swings due to its liquidity. If you have a margin call, you can sell your crypto and cash out to cover the call relatively quickly compared to other assets.
At the same time, this high liquidity makes it possible to profit from the price swings.
Hive has been sufficiently stable to try Core Number Compounding once again. The risk is if the global markets decide to take another squat, then we will see people liquidate their crypto holdings, which will drive down prices further.
With Core Number Compounding, it gets expensive to chase the bottom. It is possible if you have big enough reserves. With HIVE, I think there is a low probability we go to zero. The communications that the HIVE blockchain facilitate allows us to better organize and rally than other blockchains. For this reason I consider HIVE a safe bet like BTC and ETH.
I'll also be attempting this with CRO, BTC, and ETH within my crypto.com wallet.
Posted Using LeoFinance Beta
Dear @travelwritemoney,
Your support for the current Hive Authentication Services proposal (#194) is much appreciated but it will expire in a few days!
May I ask you to review and support the new proposal (https://peakd.com/me/proposals/240) so I can continue to improve and maintain this service?
You can support the new proposal (#240) on Peakd, Ecency,
Thank you!