Deminishing returns? HODLing #BTC? Trading #HIVE?
Lately I have been powering down and buying #btc. To be honest it was to become a crab holder. I'll probably always be a Crab. I cannot see myself holding more than 10 #btc. Buying #btc at the covid crash was for the seasoned trader who really knew what to do with their cash. Blood in the streets and all that jazz. I started to accumulate a few months before blast off because I said.. this is it. I just knew it.
Now it would seem the world is just as unstable as the #btc price. Markets can be very emotional. Seeing Green every day most definitely creates a euphoria and even trapped me to buy at what seems like now ridiculous levels. Unbelievably I'm still in the GREEN albeit shaved off plenty in $USD. We are caught in a crossroads here where money is being forced into investments because just sitting on 'cash' is an automatic hair cut. Then again having cash is that opportunity to get in when there is blood in the streets.
Every action in the market is a taxable event. I guess I'm just in my safe space HODLING and not trading because I have given myself reasons to just hold. Just holding is max stupidity to many, but could be the smartest idea in terms of logarithmic charts. If my HIVE holdings become unreasonably high I'll have to become creative when it comes to taxes. Imagine having to calculate every shit coin you redeemed and traded for #hive within Hive-Engine. Calculating pennies?
I thought the penny was phased out! At least here in Canada.
It's plain to see the inflation as the purchasing power of a penny is less than the cost to produce it. It's incredible #gold and #silver still haven't reached that moment. We will see the house of cards truly fall down for empires if the paper pegged manipulated price of these assets ever reached their true value. We are most definitely talking apocalyptic scenerio.
Do we really want that? Imagine if China tries to take Taiwan. Everything will be under pressure and this could be the next play if China continues to have unrest in terms of its property market.
"Logarithmic analysis is a statistical approach that uses historical data to forecast and predict future prices. In this case, the Logarithmic growth curve takes all the historical price data of Bitcoin and uses log growth analysis to develop curves that project a potential path of future price growth".
Looking at this chart #btc has dipped below what seems to be a narrowing band. I don't pretend to know the future nor am I even sure what to do. I guess it's just personal when holding at least 1 #btc. If you followed this blog for YEARS you would know I gambled 0.50 BTC at one point. I just didn't have any emotional attachment to it and I thought it was going no where. Like a vintage comic which I collect I still think #btc will hold value in the future.
Alt-Coins are a different animal. The only thing that can separate them from #btc is utility. #hive needs more utility in order to stay relevant. My personal opinion is that a stronger HIVE in USD will make on boarding more difficult. I have invested in many Hive-Engine projects and I'm currently cashing out to the most stable crypto which is #btc. Calling #btc even stable is questionable because of all the fraud it seems to attract.
I am more optimistic on the network effect for #btc. All of the capitulation I have seen is a great flush out of a lot of fraud and garbage leverage. Now I suppose it's back to the old Whale games. Us little crabs are gonna get hurt either way. If for some reason you actually read this.. I'm impressed.
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