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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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.
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...
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!
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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.
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)
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.
!BBH
!LADY
!PIZZA
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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!
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