Crypto Winter

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Nobody likes to see numbers going down and worst of all when it is the entire market in such a shitty situation. Right now, we have virtually everything trading at levels we haven't seen in months and that can be scary.

As always, the most important thing is perspective, and if we think back to where we started to where we are today, it is evident that there's been a lot of progress.

I've never been one to focus on numbers going up or down because I think the charts don't always tell the full story. In many cases, the price of one asset, in relation to others can make it seem like a project isn't up to scratch.

In reality though, there's more to the market than just numbers going up and down. There are underlying trends and activities that belie the true value of a lot of projects.

I ran into a fascinating quote by Ripple senior vice president Brooks Entwistle in a crypto event currently being held in Davos, Switzerland. Cointelegraph was on hand to cover the event and speaking to one of their journalist, here's what the Vice President had to say;

“Crypto winter has happened before and it will happen again, but we are focused on building into it. I think it’s an opportunity for projects to build more. A lot of this is noise, and we’ve got to reduce the noise and focus on the signal.”

He's saying that when you get down to the bottom of it, all the doom and gloom is just noise to distract the masses from reality. The reality is that, if you take a step back from the charts and look at your surroundings, you'll find that there's a lot of building going on.

Both inside and outside of Hive blockchain, there are a variety of projects currently in the pipes. Whether they be decentralised or centralised, the most important thing to note is that blockchain-based products are not in short supply.

Another attendee at the event that is currently being covered by Cointelegraph talked about her opinion of the metaverse. She made it clear that the concept of a metaverse has been unified into this one massive place, when in reality, it will be a variety of unique projects building their own projects.

If you take a look at what we have on Hive, for example, you'll find that there are already two projects in Psyber X and Splinterlands developing their own idea of a metaverse. Yes, Psyber X will be a first-person shooter game, while Splinterlands offers a completely different look but the point is they're totally different.

The critical thing to note is that while the market may be down, the builders haven't stopped building. in fact, it is safe to say that the builders are even more active than they've ever been.

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18 comments
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Builders do the most building when there's less noise. This is a good thing.

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Yup. All the awesome projects usually build in silence and then unleash a beast later

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Don't forget to sell next time we enter a bull market... That's what I tell myself for four years :)).

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Lol definitely taking profit. So I can have stables for the next bear market and also buy food 😄

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It’s time to buy your favourite coins and hodl them to reap benefits when the summer comes.

All my favourite coins are on discount.lolzzz

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Well, the signal on Hive is intense and achieves at low voice better things and many more developments than any other blockchain. and that's why it has held up quite well this crypto winter.

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At this point, nobody should be shocked that crypto prices are volatile as fuck.

It's a part of the game and if we want to live off crypto, we just have to play within these rules.

For good projects, and I'd place Hive in this category, we're at least seeing higher lows printed each time.

So with that, the key is figuring out your number of tokens you need to generate a liveable 'salary' via yield, at the lowest historical price.

Then whenever price is in the up part of the cycle, you take it as a pay rise.

When it's in the down part of the cycle, you are fine because that's what you treat as your base salary.

With all the different options, risks and yields available, I'll let you play with the numbers but I want to hear what your base stack needs to be with HIVE at a low of 50c.

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$50K a year would mean that I have staked capital around $180-250k range and I reckon that's a nice range.

However, I've always wanted a situation where after I've stacked enough to pay myself a salary, I'll have some cutback to invest in other volatile and risky assets outside Hive, without particularly worrying about losing.

In Nigeria, $50K per year salary is the stuff of dreams but we're considering relocation and I don't know how life is in the UK. I''ve read a lot of shit but you know, experience is the best teacher.

Anyway, back to your question, my base stack will be in yield paying and low risk HBD, which is kind of independent of the market value of Hive. If I could get to $100K HBD, that would have a monumental compounding effect that will pay the bills in a short time.

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