I'd love to say it has been an interesting week this week, but honestly, it has just been more of the same... As far as BTC is concerned, we continue to crawl along in this sub $100K range. It certainly has a way of making you feel like $126K may have been the top, but then there are folks still calling for $160K and $250K, so who really knows.
I've been thinking a lot lately about those Bitcoin maxi's of the past and how they are probably feeling pretty smug with themselves right now. Hindsight is 20/20 as they say, and thinking back if I had taken most of my profit from various places and put them into BTC, I would likely be in a much better position today.
Like the seagulls from Finding Nemo who say "Mine, Mine, Mine", right now it feels like we are just as lost trying to find profits.
HIVE has been holding fast around the $.10 mark which I guess is good, but is it really? Sure, it hasn't gone down much more, but sentiment around the chain is pretty dismal. Okay, sentiment in the Discords that are tied to the chain is pretty dismal. I know a fair number of large accounts that have started powering down.
Personally, I even moved some HBD into BTC last week. Of course I also powered up 7000 Hive or something like that, but I think the point is clear that people are trying to pull value out while they can. I can't imagine the kind of run we are going to see if HIVE were to jump up to $.50 or even $.25. It might be a freaking free for all.
Gomining
The Gomining(referral link) service has been around for a while, but it only came on my radar just recently. I decided to check it out and given my affinity for NFTs over on the WAX blockchain, it seemed like a pretty cool project where you buy miners that you can turn into NFTs. These NFTs represent actual mining rigs in the real world that harvest BTC and then in turn return it to your account.
The amount of BTC you earn is determined in large part by how much you spend on your miners, but there are some raffle and other metrics, so if you get lucky, you might do better. If you are the sort of person who likes those faucet sort of things, this might be something you enjoy.
Of course I am sure there are plenty of critics out there about the service, but I had some extra crypto laying around, so I figured what the heck. Even if I set it and forget it for a few years, I might still end up coming out ahead. At least that crypto is doing something now versus just sitting in a wallet waiting for a bull run that might never come...
Speaking of mining
Usually around the holidays I either visit my local bullion store or I hit up the Internet to buy some pieces for myself and my nephew who is also my godson. This year I decided to go a little extra and get something for my great niece who was just born last year.
Of course, this was just about the absolute worst time to buy silver, but as long as the price keeps going up, I am not in too bad of shape. I think with the premium over spot I paid about $58 for most of the pieces I picked up this year.
So I'm already up $5 or so.
The piece I picked for my great niece is this awesome Australian year of the Dragon 1 oz .9999 silver round from 2024 when she was born. It also has another tie in to where she was born with the Dragon, but that isn't a story I will probably tell here.
Since she is only 1, I don't expect her to have much interest in this piece, but I still wanted to do something special for her and I hope that one day even if I am not around she will appreciate the thought I put into this and just how cool it is.
I mean, that's a pretty awesome dragon right?
Other Investments
As for everything else, I am just sort of sitting around and waiting to see what happens. @holozing is doing their annual December Bonus Rewards campaign again this year and I already missed a day back on Sunday, so I am pretty much out of the running for the certificate or whatever it is. I'll still keep collecting though so I can try to gather as much Holo Dust as I can.
The COTI token I am invested in continues to chug along. I have my funds locked up for another year in there and I am just collecting my rewards and rolling them back into my stake for now. A little bit ago the price of GCOTI dropped quite a bit, so I picked some more of that up to keep on hand.
I'm also letting my VET token investment ride. They just released an update to their Stargate staking platform and I am waiting to see what kind of return that is going to bring me with their new tokenomics.
Finally, SMR my favorite nuclear company is kind of in limbo right now. I think a lot of the sector is in a bit of wait and see mode. At least for NuScale the profits didn't come back the way they had hoped in Q3, so they are doing what they can to finish the year strong. If they can get a few more contracts and actually produce something then I think they should still be okay. At sub $20, this could still be a good spot to buy if you haven't already.
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Hey @bozz .. Merry Christmas and A Prosperous and healthy New Year to you and your wife!
Been very busy with general life stuff, so just getting around to taking a few days off here from work. Been crazy there. After selling the company to another company and then being bought out yet again, it has been a whirlwind of change and dump load of paperwork. I am so ready to retire and move someplace warmer. My wife has the years in, but not the age yet. So I'll just keep charging along until then.
Anyhow, glad to see that all is well in life for you since I have been away. Lots of good food in your post photos! Yum. Also, Silver is going mad. We'll probably shoot back up to 83.00 or so then look out for a nice flow out of metals and back to BTC. At least it looks that way. We'll see.
I bet you both are looking forward to next spring, camping and travel. It will be here soon enough, but not without a bit of suffering with cold and snow first. Fingers crossed here for an early spring.
Thanks, I am glad to hear you are doing well if not sort of busy. I know all about the being able to be done, but way too young thing. I can start pulling my pension in about a half year if I want, but it wouldn't be enough to cover the bills, so I need to figure something else out! Here's hoping 2026 is kinder to us on the crypto side of things!
Yes, they surly do sock it to ya for early retirement in the school system. Not worth the penalty for early retirement. Power Ball it is I guess. lol
I'll actually be at the point where I can retire with my full pension, but said pension still isn't enough to cover the mortgage and all of that. I'd have to fill that gap between like 50 and 63 or whatever it is.
That is very true. We started a 403B long time ago per advise of our financial planner, but even still pension and 403B is not enough.. and we are not counting on social security. lol. Who knows what will happen with that. So crypto and other investments will have to mature a little more. Wish you the best this new year and fingers crossed things will get moving in the crypto space. This year has been boring as far as that's concerned.
Yes it has! I wish I had started investing in my 403b sooner or at the very least a little more at the beginning. The problem is you still can't touch that money without penalty until much later, so it's kind of pointless. I am not really planning on SSI either.
How long have you been doing gomining? I never heard of it until today. What do you like about it?
I just started a couple of weeks ago, but it was just last week that I made an investment into it beyond the free stuff. I like the idea that you own your miners and you can sell them if you want down the road. I also like that it has been around for a while and seems to still be doing well. Not many projects can say that in crypto these days. Finally, I know a couple folks who are pretty heavily invested in it and I consider them pretty wise and learned when it comes to this sort of stuff. The fact that they felt it was worth throwing some money at speaks volumes to me.
Thanks man! I am thinking of giving it a try. Your input really helps. I’m about to pay you the biggest compliment you can pay someone who you only know through the internet… I actually trust you. You were the first person I contacted about this because I knew you’d give me real info. But don’t get me wrong, I’m not going to Ape into this and when I lose my money blame you. So don’t think I’m risking my rent money on this. 😉
Oh thanks! Just be sure to use my referral link. Unless it is too late. It gives us both a little benefit. Once you get in, you should check out Miner Wars. You can join the clan that Marky created. He has a lot more to invest than I do and he is still realistically looking at a 1 to 2 year ROI depending on what BTC does. This isn't a get rich quick sort of thing. I trust his judgement though. The good thing is, like you, I don't need this to pay my bills, so I don't mind throwing a bit of that "fake Internet money" into something that might end up being a good long term investment. Or going to zero! I could go to the casino for a night, spend $100 and not be any better off. At least this way I can still sell my NFT miner if I decide to get out.
I'm going to dip my toe in. Planning to use your referral. Are there any advantages to playing with the free rig first and then buying one after a certain amount of free days? Anything else I should know?
Oh sorry, I just saw this. The bonus rig you get doesn't honestly give you too much. Your best hope is if you get some of the gift boxes you might get a free miner in there or some discounts on buying a miner. Tomorrow I have a post going out in the morning that will talk a little more about GMT the in app token. You will want to swap into some of that so you can stake it and not have to pay fees.
What’s the KYC like? I really don’t like sharing my info over the internet.
Level 1 is front and back of your license and a webcam photo. I'm going to put a little more info in my post tomorrow. Specifically about the in app token called GMT. You can still collect BTC without KYC, but withdraws have limits and you can't sell your miner(s).
https://bsky.app/profile/did:plc:u37t33dyaufvrqujwmvm54ln/post/3m7s2axaz3c2z
https://bsky.app/profile/did:plc:u37t33dyaufvrqujwmvm54ln/post/3m7s2axaz3c2z
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We have to be honest. Hive is in bad shape and as far as I see nothing can help up as long as lots of hivers do dump their hive instantly on the market in stead of powering them up.
If we compare the value of BTC and Hive against a year ago, BTC is down 8.1% but Hive is playing in a different league with a decrease of 69.1%. The worst crypto in my portfolio.
Sorry apparently NEO (-77.8%) did perform worse. I do think I do need to swap the Neo in something else.
I think there are some people who still believe in HIVE that gives me some hope. I've been on the chain through a lot of ups and downs. This is one of the downs, but I don't think it is the end. That doesn't make it any easier to take though.
Overall crypto is in red, but we can't deny that we are one of the worst students of the class.
But time will tell.
I believe in Hive.
I don't not believe in HIVE, but I don't believe in people and they will do anything to benefit themselves.
Very true. It’s better to just keep creating, keep posting, ignore the noise, Buy Hive and Power up… Earn Infinite Passive Income forever.
Even with Downvotes to zero, Hive is the best place to earn millions in Crytpo. I’m buying more Hive. Stay positive. Stay tuned. Good things are coming to Hive.
Let's hope it does.
I’m hoping Hive dips a little more so I can finally reach 10,000,000 Hive Power
That would be massive.
You seem to do a lot of things; surely there will be better times to buy silver.😊
Who knows, maybe by this time next year it will be $100 per ounce. Or back down to $25...
Well, if it goes up that high, you'll definitely jump for joy.😁
I bought some Hive and slowly staking it...
Hive is not just about money, although some think so. Also, there are so many, many more little accounts that use Hive as their daily go-to for cash, and therefore do not invest/stake their Hive.
In my little way, I put time and effort into maintaining what I started and build on it in, thus contributing to the blockchain. It is a good social media platform.
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I get that people have bills to pay, but I don't understand why you wouldn't stake at least a little bit. Long term you are going to end up being far better off as your stake grows.
Things are certainly in limbo right now, and I believe BTC will see a nice run again. It just may not be for some time now, I hope I'm wrong and it happens sooner! Silver is a good bet for the time being, it's in very short supply. Congrats on earning $5 on that piece already!
SMR should do nicely long term. but it needs to secure those contracts. Small nuclear really is the future of power until they figure out hydrogen fusion to the point it is cheap power. Have a great weekend, and I hope it's not too cold and snowy!
Thanks, I hope you have a good weekend too. Yeah, wait and see is about all we can do right now!
Reading this made me realize how confusing investing really is, especially when everything just feels like it’s “waiting.” The part about BTC possibly already topping out hit me because from the outside it always looks like people know what’s coming next, but they really don’t
They really don't. If you are investing right you really just set it and forget it and keep rolling things back in, so all you can really do is just sit and wait!
Right @bozz this Perth 2024 silver Dragon is a fine design and I see silver having much more room to run higher in to it's true price.
I remember the quote from another Stacker,
!PIZZA
Haha, that is a great quote!
I appreciate the honesty here. Not every market phase is exciting, but your approach shows resilience rather than panic which we all should remember more during these times.
Thanks, I appreciate that. I am no expert, but I try!
I did sell some BTC at $121k so I don't mind a downward trend for a while to pick up more bang for my buck so to speak.
As for big accounts powering down, well there was so much talk about doing this and that, but I see nothing having been done. The plunderers still plunder and think they are saviours. They are bleeding this chain dry.
I have been sent Gomining links from a few people and other miners. I will check it out again and you never know you might pick up a ref!
Have a great weekend..
No worries. I think it has been around for a while, so I understand. It's interesting and someone I trust when it comes to investments seems to think it is a decent one, so that was good enough for me. I don't think I will probably ever own a full BTC.
I'm here just for the mine meme
I suspect that some of the big Hive accounts don't really need the money and they could have cashed out when the price was much higher. Some of them do actually believe in building something unique that has more than monetary value. People are building new dapps and we are gaining new witnesses even whilst the price is stagnant. I wouldn't write it off yet.
I think there are some people who believe in the chain, but I am not sure they are going to be a big enough majority to save it. I am here until the end or whatever happens, but it's starting to get a bit depressing.
After nine years here I am wary of getting my hopes up, but I still find it better than most other social media. I don't desperately need the money, but I understand that others do and we have to find ways to keep people on board. That may involve some compromises.
Yeah, good points!
Hive is still the best. Even with the downvotes. Nothing comes close to Hive.
I've not seen anything quite like it and it's not just about the money.
You are 100% correct. There is nothing like Hive anywhere. It’s changed a lot of lives. For the Good. I was able to retire 5 years early thanks to Hive (and the OG / Steemit)
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I’m doing the opppsite. Buying as much cheap Hive as possible. Very good things are coming to Hive. Via YouTube and X.com
I've been buying too. And selling. A little of both.
I’m mostly buying. Sold a little HBD to buy more Bitcoin on this latest Dip.
I did the same.
That’s the best thing about Bitcoin…. There’s always another big Dip coming … you can always buy it all back at a lower price.