Hi everyone,
How's the crypto market going? I'm pretty sure it is still in RED after Bitcoin and all the coins went down started a week ago. Well, I guess that is a pretty normal for us here in the crypto world. Crypto will crash? People have been saying that since 10 years ago.
There is still plenty room of gaining ROI
One thing for sure is that, even if the market dumps, I know I will still be generating ROI through Defi or here on Hive, it is easier for me to call it staking.
I just love how staking works. It gives me more return as no matter how the market reacts. Yes, the APR may be lower during this market dumps but ultimately, profit is still profit. On the above diagram, I have staked a small amount SPS om Splinterlands and it still gives me a nice APR. A bit lower due to market but on the positive side, I am still gaining profits from Splinterlands and on top of playing Splinterlands. That is a double knockout!
Another thing I love about Hive ecosystem is that by delegating my HP also gives me more profit diversification. I've delegated my HP to Leo Finance in return for Leo, a token I can put on to Cub for more portfolio and profit diversification. Aside from that, I have the options to exchange my Leo to Credit for Splinterlands card purchases.
That is just to name a few things you can actually do with the profits you earned.
Besides that, during this market depreciation, I will still also earn profits from the Cub I invested. Not much, but I am happy to see my investment is diversify and really making profits. Money magic they say and that is pretty true. Of course, if you know where to look.
There are just a lot more things you can do with the stakes or delegations you made, but I have just mentioned a few. The ones I really put money in for ROI.
It comes with a price and that is learning
All of the above mentioned is not going to be realized if you are not ready to learn. I remembered I struggled with Cubdefi when it first rolled out. But, it was a worthy lesson.
Hence, that said, don't worry on the market so much and continue building yourself here on Hive.