Who Doesn't Love The Boring Times
A few years back not understanding what I know now I would have been disappointed with the lack of price movement. These days the longer it lasts the better as it really means you will accumulate more.
Boring in crypto is actually a good thing as it means you can knuckle down and grow your portfolio. Ok I have to admit last week was far from boring but this will all die down for another two weeks any way .I say two weeks as that is when the 21 day unlocking would trigger another mass exodus for those with LUNA staked. Whoever purchased LUNA over the last few days has roughly 17 days to trade and make some profits.
When the markets go sideways this is a signal of accumulation and the best time to grow. This is when fortunes are made even when you can't see it as wallet values only creep up as there is very little price action.
If you take a minute to really think about it we spend more time going sideways than we do moving up or down. This obvious insight should tell you how important the boring sideways movement really is.
Crypto is known for its volatility as that is when many try make their fortunes, but history tells us those that hold normally come out on top. I know I fall into that category as I find it harder to sell and tend to hoard things these days.
I think being involved in Projects like HIVE and Leo plus the other tribes knowing your stake generates more stake by holding you become accustomed to these habits as that is the norm.
Over the time period of the last bear market many down their tools and go into hibernation mode not realising so much more can be done than sitting around waiting. Day trading would have been ideal but of course that is not necessary anymore as we have staking so there is nothing boring knowing this happens no matter what the markets are doing.
I do believe over the coming bear market more wealth will be generated by far more individuals than we have ever seen before. I am talking about investors who have been in crypto for a longer period than those who have just joined as hard lessons were learned by so many the last time out.
To sum things up boring relates to bigger bags meaning more dollar value when the markets turn. The longer the boring times last the better as when nothing seems to be happening by not seeing significant gains in dollar value it translates into far more than expected. I can't wait to see what value I will have in a few years time as I know it will be a hell of a lot more than what I have currently.
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5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
Yeah it wasnt too long ago people were complaining about the markets heading sideways and Bitcoin not moving.
Well that complaint was removed.
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Boring is great and lets you multiply what you already hold.
Now your multiplying every day and losing value.
50k bitcoin and $1 hive is perfectly alright with me.
Posted Using LeoFinance Beta
The crypto price is just an illusion and doesn't matter much if we think long term.
Hive is the best place to be well prepared for any market inflation.
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I prefer it when things are boring. At least we don't have people who keep talking about the price because it just seems so unavoidable. The emotions from it just aren't worth it unless you are buying or selling.
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There are some people who rely on their income from crypto to bring bread to their table. For them hoarding for a long time isn't easy.
I have understood one thing. Crypto is fun for those who have some other resource as well to meet their financial needs
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A guy I was talking to yesterday was saying that he is scooping up as much LUNA as he can because he believes it will make a turnaround. I don't know enough about it to have an opinion but could you clarify what you mean by this statement?
Many staked their LUNA and that is locked for 21 days. Many will unlock that stake and that will hit the markets in 16/17 days. They were not able to sell obviously as the down trend happened so quickly. Imagine how many LUNA will hit the markets or possibly not depending on price. I think there will be sell pressure as no one has confidence in this and is now a massive gamble. I see the price is dropping and whoever trades this needs to be very careful.
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