The Current Cryptocurrency Market: Are You Buying Or Crying??

avatar
(Edited)

image.png


We all new it was coming (well at least those of us who been around the cryptocurrency markets for longer than a year or two new it was coming), the dreaded correction or dip as some like to call it. As the old saying goes, what goes up must come down. Corrections are expected to happen and there is lots of factors that might contribute to one. Right near the top of that list is profit takers. When tokens reach new highs in USD worth some early investors might want to take some profits. Of course there will always be the weak hands that sell and months later cry about how they should have held their token (don't be one of those guys). As the two screenshots above show BTC and HIVE are already fighting their way back to be in the green. Over the past few days BTC dipped to around the $33,000 USD mark and HIVE dipped to a low of around $0.71 USD. Hive's current 24hr low was just shy of $0.79 USD. Currently it sits at $0.84* USD. Bitcoins (BTC) current 24hr low was $35,757 USD but is currently sitting at $37,065 USD. Will these coins continue to rise or is this what is known as a dead cat bounce (awful name for a finance term).


image.png


Hive Seven Day Chart

image.png


BTC Seven Day Chart

image.png


As the sayin goes,

"The time to buy is when there's blood in the streets".


If you are confident in a share, stock, token or coin and have done research corrections only mean one thing, everything is on sale. While the weak hands sell the future rich stack their bags with their favorite investments. There is also an investment strategy called dollar cost averaging. This can be done regardless of if the market is on a downswing or upswing.


image.png


The current correction hasn't forgotten about NFT's (non-fungible token). All one needs to do is look at the ever growing in popularity Hive Blockchain game known as Splinterlands to see that NFT's have also taken a hit in USD Value. NFT's are still doing very well in their USD worth but a dip has taken place. It isn't just the general cyrptocurrency market that is to be blamed for the recent dip in Splinterlands NFT's. Other factors such as the introduction of a brand new edition of cards (NFT's) known as Chaos Legion has contributed as well. For weeks there were no official packs (contains five NFT's) for sale on the Splinterlands official site and this caused prices to sky rocket and then correct once packs became available for purchase. I believe this correction is healthy for the game as it allows new players and investors to get involved at reasonable prices. Another factor for Splinterlands NFT price correction is the USD fluctuation of the SPS Token.


What Is SPS?

  • SPS is the governance token for the Splinterlands game

What Is Splinterlands


The SPS Airdrop

As noted above SPS is the governance token for the Splinterlands game. Its whitepaper can be seen Here. As for the airdrop portion, all one needs to do is hold Splinterlands assets and they will get airdropped SPS daily for up to 365 days. Currently the airdrop is on day 183/365 (Today's Date: 01/25/2022) so that means there is still lots of time to get yourselves some FREE SPS. Below is a list of all Splinterland assets that count towards airdrop points. Some of these assets can only be purchased on secondary markets such as Hive-Engine and LeoDex. Others assets can be earned daily such as the SPT token which is the official Splinterlands blog token (Splintertalk.io).


image.png



image.png


Disclaimer: I routinely make bad financial decision so in no way is anything that was said above financial advice. Always do your own research before investing any of your hard earn currencies and always follow the golden rule of investing. NEVER invest what you can't afford to lose.



Posted Using LeoFinance Beta



0
0
0.000
69 comments
avatar

There will always be people crying about their bad financial choices. Hell, if you were over on reddit during the time GME stock sky rocketed, you would have saw people selling at around $200 a share then complaining when it reached $300, on the other end the people who held out for too long were complaining they didn't sell at its peak, while others bought it near its peak thinking that it was going to keep going up.

0
0
0.000
avatar

True, complainers will always complain.

Posted Using LeoFinance Beta

0
0
0.000
avatar
(Edited)

I try not to complain but when I saw Hive below $0.80 again I did pee a little. I don't know if that counts.

0
0
0.000
avatar

buying!! I just bought 50 Hive yesterday.

!LUV

0
0
0.000
avatar

So far every time there are this many negative emotions around crypto, BTC reaches new record highs later on XD. So I'm buying up as much as I can in all the different projects.
And if you just look at the accelerated adoption rate of blockchain technology over the last year, the future seems bright =)

0
0
0.000
avatar

I'm not necessarily buying but I am making moves to capitalize on the current market trend. !PIZZA !hivebits

0
0
0.000
avatar
(Edited)

PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
@dynamicrypto(10/15) tipped @rentmoney (x2)
rentmoney tipped onewolfe (x1)
rentmoney tipped torran (x1)
rentmoney tipped bitpizza (x1)
rentmoney tipped forsakensushi (x1)
torran tipped rentmoney (x1)
rentmoney tipped sinistry (x2)
onewolfe tipped rentmoney (x1)
forsakensushi tipped rentmoney (x1)

Please vote for pizza.witness!

0
0
0.000
avatar

I'm very close to pull the trigger and start buying. I've been waiting for a good entry for a long time and right now it's a pretty fair price.

0
0
0.000
avatar

The bottom is hard to find. Whatever you decide I wish you the best with your financial decisions.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I am buying what I can and crying! lol Got covid missing good work then spread to family so taking care of them missing more work #missingthedip I did move some funds into some 3L futures shares on BTC, ETH, VET, SAND & MANA

0
0
0.000
avatar

I wish you and your family a speedy recovery. That is a nice set of tokens you invested in. There is so much opportunity right now that its insane to think about. If only there was more time in a day.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Indeed thanks !PIZZA !PGM !BEER !WINE !Giphy !LOLZ

0
0
0.000
avatar

Sent 0.1 PGM tokens to @dynamicrypto, @rentmoney

remaining commands 4

Buy and stake 10 PGM token to send 0.1 PGM per day,
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

image.png
Discord image.png

Support the curation account with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

0
0
0.000
avatar

!LOL... I'm crying as I'm selling to buy something else I want more of while someone else is crying while they're selling it too low to buy something else they want more of... !BRO

0
0
0.000
avatar

Hodling, and letting money ride the rollercoaster. A good reminder is that we depend more on soil and water, not on fickle numbers.

0
0
0.000
avatar

ive been dca'ing sps, hive, even loaded up on a ton of vouchers currently worth $1.56 usd each.

!PIZZA

!LUV

!LOLZ

0
0
0.000
avatar

I have been keeping a close eye on Vouchers. I'm not sure if I want to buy or sell. For now I'm just holding what I earn in the SPS drop. If their HIVE worth increases to a tempting amount I'll likely sell the bulk of what I have, which isn't much but every HIVE counts. Thanks for the tip tokens. Lets see if I ran out of calls yet or not.

!PIZZA
!LUV
!LOLZ

Posted Using LeoFinance Beta

0
0
0.000
avatar

!sbi status

0
0
0.000
avatar

Hi @rentmoney!

  • you have 202 units and 0 bonus units
  • your rshares balance is 216085132030 or 0.232 $
  • your next SBI upvote is predicted to be 0.077 $

Structure of your total SBI vote value:

  • 99.13 % has come from your subscription level
  • 0.00 % has come from your bonus units
  • 0.61 % has come from upvoting rewards
  • 0.25 % has come from new account bonus or extra value from pre-automation rewards



    No longer active on Steem? Convert your Steem SBI into Hive SBI.
    See our FAQ for details!
0
0
0.000
avatar

When market crashes

Rule # 1

Buy the dip!

Rule # 2

Hold on for value

Rule # 3

Invest in stable coin rental/ loan - people really take loans when market crashes.

0
0
0.000
avatar
(Edited)

I haven't attempted Rule three yet. Although it can make sense if one is wise with the cash they get. In my experience most aren't as they would likely splurge the loan they got and push themselves further in debt.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I’m not saying that you’ll take the loan. It’s the market movement. The market crashed and people want to buy the dip so they take loans, so I am like renting with interest my stable coins to those people. Kucoin and binance has those loans and it’s a very safe investment.

0
0
0.000
avatar

buy buy buy buy buy buy

!BEER
!PIZZA
!PGM

0
0
0.000
avatar

Sent 0.1 PGM tokens to @rentmoney

remaining commands 2

Buy and stake 10 PGM token to send 0.1 PGM per day,
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day

image.png
Discord image.png

Support the curation account with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

0
0
0.000
avatar

I am doing neither as I am happy with my own portfolio decision and I see no reason to rush. Bear market or bull market, it won't change what I am doing.

As for DCA, I would say that it will work depending on the asset. I wouldn't really advise people to DCA into some meme stock but HIVE and BTC both have their fundamentals. So I can't see anything wrong doing DCA with those two.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Keeping on with keeping on.

As good a plan as any.

!LUV
!LOLZ

Posted Using LeoFinance Beta

0
0
0.000
avatar

My current mood: "buying with tears in my eyes"! ...only a small reference to a song about dancing ;)

0
0
0.000
avatar

!1UP100 !PIZZA !PGM !Giphy !LOLZ So I think if you agree we will start with 1 million MEME delegation each and need a budget with how many giveaways we plan to have laid out for Holovision and submit for the year and he will alot os some MEME for marketing purposes!

0
0
0.000
avatar
(Edited)

I'll accept a 1 Million MEME delegations. I don't see any reason to say no to that. If I do end up with the 1 million MEME delegation I'll delegate a large portion of my current MEME holdings to the Cartel-MEME curation bot. I will then Hold a delegation giveaway for another portion of what I currrently hold. As for the one year giveaway plan, the landscape of cryptocurrency moves too fast to make such a detailed commitment. However I can give details of some of the ideas I have to push MEME forward.

  • MEME entry fee Splinterland tournaments that have Splinterland assets up for grabs

I'm not sure if MEME is listed on the Splinterlands site or not. I'm leaning towards not but with popularity that could change.

  • DEC/SPS entry fee tournaments that have MEME NFT's as prizes

This would be easy to set up but we would need to create the MEME NFT's and garner some interest first. It could be the same NFT with the winner getting edition one. Lots of possiblities here.

  • Creating a MEME NFT that will have a usecase

I already know how I'm going to do this.

Those are the giveaways/promotins I had in mind to get things started. I also have one off giveaways/games that I think MEME can benefit from such as my Battle-Hive game. If given the delegation/promo funds the MEME Tribe owner can remove my delegation and request any remaining promo funds to be sent back at any given time with no hard feelings on my end.

0
0
0.000
avatar

Outstanding will pass this along in discord with him now! Amazing I am eager to learn more details of your NFT uses :)

0
0
0.000
avatar

I just checked moments ago and seen the 1 Million MEME delegation hit my account. I'll run the MEME delegation promotion tomorrow for a portion of my own stake and delegate MEME to the MEME-Curator bot in the same post. Then I will get to work on creating an NFT. Hopefully I will have a permanent discord handle tomorrow as well so we can easier collaborate some of our ideas/promos for MEME.

0
0
0.000
avatar

Awesome i also use element chat and other apps if telegram or something is more your speed.

0
0
0.000
avatar
Don-1UP-250.png

You have received a 1UP from @dynamicrypto!

The following @oneup-cartel family members upvoted your post:
@meme-curator
And look, they brought !PIZZA 🍕

Delegate your tribe tokens to our Cartel curation accounts and earn daily rewards. Join the family on Discord.

0
0
0.000