Bitcoin hits the $60,000 milestone!

I have been following the price of bitcoin closely since late 2016. I had heard about it long before but brushed it off as another scam. When I started reading more about inflation, banks, and governments printing money, I started to get interested in gold and silver as an investment. One day, I decided to read about bitcoin, because it was still around and I heard about it every now and then.

Once I read about it, I was convinced pretty much instantly that it was going to take over. I regretted being so hard-headed about it when I originally heard about it (and could have bought a few for $90).

By 2017 I was buying into bitcoin and blogging on HIVE('s earlier version). The 2017 bull run was awesome to be a part of, from BTC at around $1000 all the way up to nearly $20K. The truth hit hard shortly after when I was looking at $3000 BTC again. A real strategy needs to be in place to navigate market volatility. This includes taking profits.

Once everything started falling, I put everything I had into HIVE('s earlier version). This could have been really bad if I did not get a dolphin's share of LEO, and if I didn't move a lot of my holdings into splinterlands, which I look as a stable coin that you can play with, stake and earn a little something on. Oh, my, how a strategy can change overnight!!! (More on that soon)

What is so exciting is that Bitcoin is running up again. This is like 2017 but with extra zero's involved. Bitcoin has gone up 6x since last July, and things really didn't start moving until 2021! In 2017, it went up around 20x. If bitcoin were to do a 20x run based on starting at $10,000 in July 2020 (when things started to climb), we are looking at $200,000 bitcoin, which seems realistic at this point. Some are calling for higher bitcoin. I know that anything can happen at this point... but I am watching close.

$60,000 bitcoin (in March!) is a milestone that really shows how much of a bull run we are on here. March is usually the worst month of the year for bitcoin. I guess the month is young, but new all time high's speak for themselves.

CUB FINANCE

The total value locked on Cub finance is rapidly approaching 12 million dollars. The top 3 farms have over $4 million locked up. This project has taken everything by storm and has turned my entire strategy upside-down.

I have been staking my hive, renting my remaining nft's on splinterlands, staking my LEO, getting dhedge drips and earning passive income on all of these things. I am earning just over a dollar a day on all of those projects with somewhere in the neighborhood of $5000 invested. That is pretty good interest.

On cub, on day 1, I put 1 Binance coin in with the liquid LEO I was holding in prep for the pancake swap pair that I thought was coming. When Cub dropped, I was absolutely stunned. This is not like when wLEO came out on Uniswap. This is the Leofinance team coming out with the Uniswap killer!!! Back to the story... I had enough to drop (at the time) $500 USD into the bLEO BNB pool.

I earned 9 CUB that day on the strength of a $500 investment. I put the 9 cub in the cub bnb pool. I earned more cub. I saw the early movers advantage... with risk comes reward. I have a lot of faith in the LEO team... so the risk in my mind, is not huge.

Selling PJ for more stake

This is where things get a little crazy. I sold one of the splinterland's cards that I did not plan on selling. I planned to long term hold 2 cards. I bought an Archmage Arius card and a Prince Julian card to help me get into the prizes in Champion league. Seeing as only 90 of each card are in print, they have a pretty good upside. I planned on holding onto them and renting them out for the short term. I planned on either getting back to the game after the top of the market, or selling them once the hype train has left the station and rare legendary summoners are selling for big bucks (I'm talking $10k).

I got a few of new dragon summoner airdropped to me yesterday, Byzantine Kitty, and sold it to build my farm stake. CUB finance farms are currently so lucrative that I would be a fool to not throw in what I can.

I also planned on riding the bull run up to where I felt was a good level and then buy back my champion splinterlands deck (aka stable cards that I can play and earn with as the markets correct).

Strategies change.

Cub launched. Stable coins farm cub. Currently I am farming cub at 3X. Week 2, I will be farming cub at 2X. I am super bullish on this project, plus I am earning lots on CUB. Currently, I am earning somewhere around 15 - 20 CUB per day. This is insane!

I sold my Prince Julian. I got $550 in DEC for it. I tried to put in a sell order. When I woke up in the morning, it was buried. I crashed the DEC market hard. (When will DEC make it's way to CUB finance???) So hard that I took a $100 loss on the card. So, I took my $450 in HIVEP and traded it for LEO. I have another $100 of liquid Hive that I also traded into LEO.

I crossed the bLEO bridge, it took no time and I had $550 worth of CUB/BUSD to pool in the 40X pool. The $100 I lost on the DEC exchange is nothing after a day of farming CUB. This is when it clicked for me. This is so easy. I can take any Hive-engine coin, trade it for LEO and BAM, I can trade it for anything. I no longer need a binance account to get BNB. I can buy BTC without KYC with nearly $1 million in liquidity (and growing!!!). Hive-engine has 2.2 BTC on its exchange and there is always a huge spread between the buy and sell. Decentralized exchanges are the future... and the future is now!

There are also stable coin farms that can earn CUB. This changes everything! Instead of buying stable coins at the appropriate time dictated by my 2021 bull run strategy (that is actively updating as we go), I can farm CUB through stable coins on CUB finance, which essentially means that I will be holding the stable coin and earning CUB. Bonus.

Cub was at $4 yesterday, it is at nearly $6 today. We are very early and likely still volatile... but I see farming CUB as much more lucrative that it currently seems... which is extremely lucrative.

I would not be surprised to see $20 CUB in a year. This is why the early farming is so lucrative. If I am farming 10 CUB a day, in a year that could equate to $200 a day!!! That is big. I know the numbers will go down as liquidity grows, but I also know that getting what I can these early days will make a big difference in the long term.

Of course, nothing is guaranteed, financial advice is not what I am doing here, I am just sharing a little bit of what I am doing. Do your research etc.

Don't forget, #projectblank is still right around the corner. It is a good time to be a Lion!

Posted Using LeoFinance ^Beta