I Heard We Are Down: Time To Stake More Cake On CUBdefi

2022 is here, the long awaited year, the year we are hoping for another great crypto season. It’s January 6th and my crypto portfolio is down by 10%, 😂 not a way I thought I was going to start the new year. I can remember when the crypto market capitalization was $3 Trillion, right now it’s close to being on $2 Trillion and below, in a space of 3 months $1 Trillion has been liquidated in the market.

I remember checking my portfolio and seeing my portfolio down by 10%, my first impression was “I think my CoinMarketCap app is broken” because the figure I saw before I went to bed was way different. On January 1st Bitcoin’s Market Capitalization was above $870 Billion, although I miss when Bitcoin was at $1 Trillion having a market dominance above 40%. Right now the market BTC dominance is 39%, as usual when Bitcoin goes down, it brings other coins along with it. Sometimes some coins don’t follow the downtrend of Bitcoin’s decline, I called them dip rebels.

I still reminisce on those days when Hive was above $3, those days were very good, am not trying to say, the current price is not good, but I believe we can do better. I was hoping that Hive could get to $5 before the beginning of this year, be we got stuck on $1.5 for too long. But few days ago the price was having some increase, if my memory is still vivid, I think we got to $1.8 one time this week. But unfortunately the price is currently at $1.4, the moment I saw the decline in crypto market capitalization, I checked my Hive to see if it was affected.

Well this is another opportunity to make some dip money instead of complaining and whining about the price went down. Dips are one of the easiest ways of making money on crypto, because after a dip, I notice that the market usually gets some quick recovery, cool way to make quick 10% - 20%. Know when to enter a dip and when to exist with your profit.

I’m hoping that this year doesn’t get filled with bear run, PTSD of 2018 is still fresh in my head. That year was filled with series of downtrend and and it started late January and early February of 2018.

Just a friendly tip, not a financial advise, don’t forget about POLYCUB airdrop. You get the POLYCUB airdrop from cub staked. If you check the CAKE token value, you will see that the value has declined to $10, from a $40 all time high, time to accumulate more CAKE token so you can stake it on cubdefi, cubdefi gives you an autocompounded opportunity, thereby making you earn more cake token. Another beauty of using the CAKE kingdom vault is that you also earn more Cub token which you can stake in cub kingdom to get your cub autocompoounded. Thereby giving you more chances of getting more POLYCUB airdrop.

Posted Using LeoFinance ^Beta