If you are in crypto looking at your portfolio dollar value every day then there is only one word for you and that is desperate. I check daily, but the difference is checking the number of tokens and not bothered about dollar value. The number of tokens is where the wealth lies and why we need many more. Relax and enjoy the cycle because volatility is crypto and why we love it.
I am sure many are worried about seeing their crypto portfolio going down and down and down lol. Why worry if you are staked in decent projects because all this means is many more opportunities to earn more crypto. This was never going to be a time to sell and this should still be about accumulation and growing and adding to the number of tokens in your portfolio. I do not understand why there is such an urgency like everyone is in a rush. If you are confident in your investments then you have a idea of what is coming and that is worth waiting for.
When you are staked in various crypto projects there is the obvious loss of dollar value, but you have to see beyond that. COTI being a good example has various levels or pools of risk and if you are not greedy and selected the no risk Level 1 this is when you benefit because of liquidations. The current APR of 19.75% in this particular stake will rise if we see prices falling continuously. Who doesn't like earning an extra 4 or 5% and have no sympathy for those liquidated because that is just being plain dumb. I do expect to see a 21% or 22% appear over the next few hours benefitting from other investors losing their bags. Already the APR has risen by 0.02% ad this is just the start with the hope this increases much more. I used to feel bad for them, but not anymore as those individuals think they are so clever by selecting the greedy option.
A cheaper HIVE means we earn more HIVE and this is a time period where we should be more active than ever and not do less which may seem to do. If you understand the tokenomics you will up your game and benefit from this period.
My crypto portfolio has been built over 6 years and this is not an overnight get rich quick scheme which many do not understand what a long time period is. One or two years is not a long hold and why patience is required to make a decent profit.
What is very evident is the majority of those in crypto are too emotional which questions maybe they are over extended with what they have invested or they are just so desperate. If you are desperate then you will make mistakes and why so few make life changing money because they think and act logically.
My money is still on seeing the all time highs sometime next year and if that is the case those that are staked will be earning consistently for the next 12-18 months supersizing their portfolio bags. If it happens sooner then it is not a problem, but a longer period would be my ideal scenario. The longer we have the more that can be made through compounding and another 12 months is not that long to wait considering what is on offer with a far bigger payout.
