Can never fight crypto inflation
I'm not exactly the kind of financial blogger. Crypto is just another tools for me to hold value. Monetary wise, I only believe crypto as a medium to carry fiat value. In a way, I believe fiat is ultimately the "exit" point for crypto.
It's the day of the month where I need to open my damn wallet and collect my interests. I have previously covered this topic about HBD savings with 20%. If you do it every month on time, collect your interests and compound it in your savings, you will ultimately get back a total amount of 22.9% return instead of fixed 20.
You see, there's a reason why the ROI is 20%. That's because of the inflation. This is a free money printing machine here, despite some of us had. invested substantial amount of Fiat currency into buying crypto. I'm not particularly referring to HIVE alone, it could be ETH, could be BTC, could be anything. Later somehow we found our way to buy in to HIVE, and started to blindly believe into the 20% return and forgot about the actual gateway is HIVE, not HBD.
HBD stands for hive backed dollar, which is set to backed by the dollar. This is exactly why the potential growst of crypto currency being limited by its counterpart, the fiat currency. No matter how high the value you saw on the crypto exchange, ultimately you will still need to convert it to dollars, don't you?
Sarcastically, I "is" very disappointed by the hive value dropped to today's value, but still, crypto is a religion. We're all bound to be gambling for something we're not sure what will happen in the future, aren't we? Here I am, a mediocre middle aged man trying to be an expert, parking my limit orders every month. Once in a blue moon, I'd still strike some good deals, grab and run, whilst collecting my savings interests. Will I ever be pulling up my pants, flushing my shit and vacating the toilet? Maybe, when the day you see ASEAN Hive loses a chunk of their delegation, you'll know either I'm fed up and left the crypto scene, or I'm dead, someone taken over active key 🤣
ok I'm pretty bad at writing crypto related articles, but when I talk about crypto, I get excited and start to keyboard diarrhea spewing shit non stop😂
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You raise some good perceptual points about crypto as a whole.
No we can't always tell the future, especially with crypto.
I think Hive is going to dip some more and then shoot up to about ... oh I don't know !gif pump
Via Tenor
That gif totally reminds me back in the early days where programmer uses iphone apps to conduct faucet mining, where the users will have to keep on taping the screen to make sure the phone doesn't go to sleep and allow the script to continue hashing and create calculating power and time sharing with the phone processor. BTC at 1 dollar yo.
Why did you invoke that traumatic memory 😂
Yes I did that, yes I burned out some laptops and androids 😂
I was homeless when I first discovered crypto and told homeless friends about it.
I knew a guy who started pimping people out with referral mining.
He would call them up like:
"Don't forget to claim that shit, I'm watching"
I'll never forget those days.
⋆ ᴛʜᴇ ᴘʟᴀᴄᴇ ғᴏʀ sᴏᴜᴛʜᴇᴀsᴛ ᴀsɪᴀɴ ᴄᴏɴᴛᴇɴᴛ ᴏɴ ʜɪᴠᴇ
⋆ sᴜʙsᴄʀɪʙᴇ ᴛᴏ ᴛʜᴇ ᴀsᴇᴀɴ ʜɪᴠᴇ ᴄᴏᴍᴍᴜɴɪᴛʏ
⋆ ғᴏʟʟᴏᴡ ᴛʜᴇ ᴀsᴇᴀɴ ʜɪᴠᴇ ᴄᴏᴍᴍᴜɴɪᴛʏ ᴠᴏᴛɪɴɢ ᴛʀᴀɪʟ
⋆ ᴅᴇʟᴇɢᴀᴛɪᴏɴ ʟɪɴᴋs 25 ʜᴘ⇾50 ʜᴘ⇾100 ʜᴘ⇾500 ʜᴘ⇾1,000 ʜᴘ
that's why I never keep my HBD in the saving for such low return, if we could catch chance to buy at low then sell a bit higher, say, buy at current price then sell at 0.4+ by end of the year, the time is way shorter and the return rate is way higher, why keeping in the HBD saving then?
冇话啱定错。有人做CEO发达，有人做生意发达。唔系个个人做生意都好搵过CEO，唔系个个打工仔都可以做CEO。CEO再叻都系打工，你试下叫CEO自己出离做生意，你诂佢生意做唔做得到CEO薪水出离啊嗱？
同样道理，都系有人瞓身HBD。20%个CEO粮银边度搵？
訓身HBD就免啦、放3幾百個玩下冇所謂