The overall crypto market is in turmoil. No exciting news is out there! market is not moving that much. But yet, we should keep on moving forward! As of today the total marketcap of crypto has dropped down by almost 2.1% which makes the current marketcap staying at $1,052,456,666,457 . What have you been doing lately?
In this particular bear market, we are able to witness so many crypto projects which are slowly vanquishing. Making a clear statement about what is awaiting for us if this bear continues. By just thinking about it, its making me sweat. Although, during bull market making money has been so much easier than this phase of bears. In Bull market it feels like as if we are throwing in our money into any crypto and we got to make crazy ROI out of our investments. Such amazing times! But this bear market has been getting scary as days are passing by. For those who has enough to take care of them its a completely different story. As this bear is more of an opportunity to such kind. But to those who rely on crypto this present situation is sort of a nightmare. I recently made a post about the current situation of mine and yeah selling some altcoins at this situation is indeed a pain in the a**. But yeah nothing can be done since I have been relying on crypto fund. But progress are being made and as of now I am taking back what I sold. Or atleast I am trying to!
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Altcoins
In the last couple of months, I have been really in a very shitty mood! As there were few hyped projects where I invested my money but as of today those does not really holds any significant amount of money. There are DE-fi protocols, compounding assets, ponzi schemes and so on. Most of them are on the verge of collapse. Now that I am writing about it, if only I would have invested this money into some well known or good backed up coins I would have made some money. If not that I would have at least have the coins in my portfolio. Since they would have been good coins, I would have hold onto them till I get to see a bull market.
I was being suggested to invest into several ongoing projects. But after spending some time in crypto, it has become an instinct to get away from projects are too much hyped or promising too much. And also the bear market affection is also a big issue out here. Since, investing requires new money or swapping through one another crypto its quite difficult to get free money as of this situation. So whatever coin I have, most of them are declining in price and so is my portfolio. So selling them is not really an option.
Although, there are few coins which I would definitely like to get my hands on as of this moment. Coins such as DOT, BNB, RUNE, BTC, Doge might be there as well. Lol the Musk issue is somehow affecting the price on Doge. But I don't want to take any sort of risks at this moment. As market sentiment is working differently than usual.
Sentiment
Overall crypto market is going through a rough time. Yes, people are loosing money and bear market continues. But come to think about it people's rage about crypto is somehow correct. Loosing money in front of the eye is indeed terrifying. I used to go nuts in my early days. I panicked! I sold coins thinking I would at least get something of value instead of nothing as the coin started to downward. But after some days it surprised me and went the other way around. Market sentiment is quite difficult to understand. As some people are panicking, while some people are accumulating. Not sure what they are seeing that others are not seeing. But as of this moment I would like to bet on those people who are accumulating. It's for you to decide which one would you choose.
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HIVE
The place where I love to be the most! Even though, I am loosing money literally everywhere in crypto but seems like I am somehow printing money in HIVE! Yep! As exciting as it sounds this is indeed a fact.
- Posting has been fun and exciting! Due to that I am also engaging with other HIVE users which is getting me to learn more than I used to. Thanks to that I am getting to know more people all across the globe and I am getting some very wise and important inputs about the current condition of market and other important aspects regarding HIVE. Which would not have been possible if I was not back into posting! So that I would definitely consider as a win!
- Splinterlands is what keeping me busy these days. A lot has been happening in the realm of it! I am investing left and right in here. Also I am doing some flipping once in a while which is helping me to keep on check for the time being. But I really want to get much more in Slinterlands. Such as a max deck but I really think it is not going to be possible anytime soon. But yeah, the work that I am under going if it plays out I might get what I have been wanting for so long. So there's that as well.
This is where I want to add up
- Dark Energy Crystals into my portfolio. As it is slowly moving towards pegged value and few alteration are going to made in its utilities. It might come in handy as well in the coming days.
- I want SPS! As much as possible. No reason! I just want them!
- HIve-Power is a must! Which is why, I am powering up every now and then. Also since I am trying to get back to posting I am using 100% power up in posts which is helping me a lot in obtaining what I want! Which is getting to 100K HP. Although at the position where I am at it is going to take a looooooot of time to acquire that huge amount. But the progresses are being made and things are being worked on! So no slacking on there!
Well nowadays, I am getting more and more reliable on HIVE blockchain and in the Dapps built upon it. For now, considering the situation of the market it is pretty safe bet. I have been exploring a lot into altcoins or new projects. Most of them do not have the sustainability fact. Which is why can not really rely on them. That is stopping me from investing into those projects. But apart from all these HIVE is a GEM and it is still not getting the exposure that it deserves. While I really hope that HIVE gets to that position where it deserves to be!
Best regards
Rehan
