Crypto has been, at least for some of us, a money-making machine, while for others the experience in the crypto markets meant nothing more, but frustration and deception. I'm somewhere in between. I owe my living away from a 9-5 to this thing, but I'm not in the position of having made tons of money out of it.
It's funny, but for the past few years I'm making pretty much the same mistakes, somehow running like a hamster on a wheel, and every time screwing my plans by repeating these same mistakes I'm promising myself that I'll change strategies for the better in the foreseeable future.
This time is different
Now, I don't know how low the market can still go down from here, but I have already bought myself a coin or two during the bear market we have, despite screwing some decent funds that I had on the LUNA crash.
For the past few weeks I kept on accumulating EGLD of Elrond and I'm starting to love this project and the EGLD and MEX I own as much as I love Hive. It's stuff that I believe in and I'm clinging to it.
MEX is the governance token of Elrond's DEX and I bought a bunch of them a couple of weeks ago. I'm holding them on the Elornd native wallet, Maiar, and if these guys behind the project will deliver as they promise, this thing(Elrond) will put Solana to shame.
So far you can trade MEX on Maiar Exchange and some other DEX where it got listed recently. The CEO of Elrond, Beniamin Mincu, was talking about a week ago about MEX being listed to Binance and other CEXs SOON.
When that happens I'm expecting at least a 3X for it in quite a short time, but I won't be selling. Part of this reasoning is because I believe in the price appreciation that MEX will be benefiting from, a couple of years from now and not just after a Binance listing...
And the other reason why I won't be selling MEX is that I locked half of it for one year, just a few days ago. Yep, I have decided for the first time in my entire crypto experience to lock some tokens for that long.
One year is a lot in crypto. Many things can happen over a time span of 365 days and you can take some really good decisions regarding your portfolio in that time, or some really bad ones. I have proven myself to be miserable when having liquidity at hand.
Hence it makes so much sense to me to lock half of my MEX stack for one year, and leave the other half liquid, in case it moons. I'm getting a 77% APR on this move and the first unlock will occur on June 13, 2023, and by November 2023 I will have all my MEXs and a couple more back in liquid form.
I have never truly had long-term thinking toward crypto, but now I feel like I need to cultivate that. Cash doesn't feel safe at all anymore. So, I could say now that I forced myself in being resilient against the tides of volatility, at least when it comes to a small percentage of my portfolio. Wish me luck!
Thanks for your attention,
Adrian
