Recently, i am looking to see where to accumulate more tokens as the crypto market yet to fully boom yet. I still feel that right now is one of the best time to accumulate crypto asset given that the price in general are relatively cheap.
Personally, I believe in the 4-5 year crypto cycle
There is one pattern that is quite popular is that crypto took roughly about 4-5years to boom each time. This also tights in nicely with the bitcoin halfing. 4-5 years also give quite a reasonable time to develop the ecosystem of a project. So during this period, you can really see which project is built to last and those quick get rich scheme are dying out.
Attractive prices
Bitcoin is still surviving at its 20k price point while eth is still hovering less than 2k. SPS drop from a high of $0.50+ to currently almost hitting $0.02, and plenty of nice crypto projects like hive is trading at less than $0.40 and other "cheap" coins like atom, matic etc.
Hive is still one of my top choices
I am still converting my 20% APR HBD interest into hive on a monthly basis. I am also recently trying to blog more to get more HBD + HP.
Staking more GLX!!!
I also recently just bought more GLX with a value worth of about 100 hive. As a result, I actually double my GLX staking. Currently, it is sitting at 100% APR. With such inflation rate, I think that GLX may continue to drop in value. Now it is close to hitting 10k SPS staked. With only a small sum of investment, I am quite ok to lose if GLX goes to zero. However, if GLX somehow manage to stay at a competitve price, that means my rewards can be 100% or even way more by compounding.
Golem Overlord is still an interesting game to play
I already have recovered my base of 30 hive. I am actually using about 80-90% of the part earned for upgrades. As such, I am actually cashing out very little parts. However, with high print rate, I predict part may eventually lose it power to hold at the current price and there is even a possibility that when the price plummeted, it can dropped dramatically fast. Still, it is a very interesting and nice game where it just take like 5min/day to do some basic attack and claiming. Loving it purely as a game at this point.
Roughly, that is how I have been doing to my hive ecosystem in the past week. How about you????
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Haha I convert all my GLX to SPS weekly!
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that is another great alternative too. i was converting GLX away for a period of time.
Thanks!
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I also reclaimed my initial investment in Golem Overlord. Price has plummeted quite a bit and as you say, may not amount to much. Similar with GLX. I enjoy Hive and blockchain gaming for the play to earn factor, though few coins end up keeping their value, so I don't over endeavor.
Yes the four year Bitcoin halving cycle works for me as a TA and fundamental indicator. Hive is lagging lately in price though. Let's see...
That is great to hear on the golem overlord.
i too have been trying to accumulate more hive. i think this period is one of the best time to accumulate. i may be wrong tho.