It's that time again!
Normally I do not subscribe to powering up at the first of the month. However, this time around I'm willing to make an exception because I'm in extreme HODLER mode and I had coins laying around.
Of course these were basically just blogging rewards from the past however long. I'm quite grateful to be making this much money just from writing these silly words. Crypto is magic. Magic Words.
Hive is one of the best and oldest yield farming networks in existence, and most of the cryptoverse doesn't even know we exist. Hive is such an amazing yield farming network that it was able to spawn LEO, which is arguably even a better yield farming protocol than Hive itself. Also let's not forget PALnet and HiveEngine, which currently allow much of these developments to take place. Remember your roots; honor your ancestors.
So from my point of view this alt-market hasn't even started yet, but I'm in a position where I'm currently generating $7 worth of inflation on a single upvote. $70 a day; over $2000 a month. That's crazy! And we aren't even close to any kind of peak yet with multiple airdrops left to be distributed. Good times are coming!
As predicted, we obviously had a TON of support between the $40k-$46k level. The market spiked up so quickly with the announcement of the Tesla buy in that many were left out in the cold as they waited for the price to dip back into that buffer.
We've so far cut into that buffer all the way down to $43k, so this buffer has been cut in half to $40k-$43k. Considering this recent bump, we might not have to worry about it, but we still have a lot of support to the downside if that's where the market ends up testing.
As far as attempting to trade this market is concerned, I really have no idea where this is going so I'm just holding strong. Traditionally we would expect March to be a garbage month because of taxes and whatever else, but with everything going down (especially stimulus checks and corporate adoption) it's truly impossible to predict the short term. None of my bags are big enough to justify selling off anything.
And the more I think about it, the more I remind myself that I have been waiting for the 2021 mega-bull run for THREE DAMN YEARS. Am I really going to gamble with an event that only comes around every four years? My gut says no. I can gamble once we hit the end of Q4, no sooner.
