I Have Left So Much Money On The Table

I have been in crypto since 2013 and even had a friend ask me if I feel like some sort of Bitcoin historian. In a lot of ways I do and when you are spending so much time in this space you can end up turning over every rock and realizing the rabbit hole goes deeper and deeper. That can sometimes get you in trouble. When I tell people I have been in the space since 2013 they often assume that I would be unbelievably bitty rich. It often isn't the case for a lot of people who got in earlier potentially depending on how deep they went or at what period during a bull market they got in.

Oftentimes when you are on the bleeding edge you will get cut.

Now here were are once again in a situation where the money is flying around like crazy and fart NFTs are selling for $85. I'm seeing dudes go crazy deep on questionable platforms and being on like 10 different questionable contract platforms but then bringing down thousands and thousands a day and those guys are not poor but they are the mega whales that are swimming out there.

The deeper you go on a lot of this stuff you realize that it comes with various levels of risk. For instance someone could just be sitting on a bag of TRON and it is just sitting there. Or they could be staking it for 5% in the Atomic Wallet like I was doing. Turns out I could have been earning more on that. I could have been on Sun.io this entire time earning over 30%.

Same thing with Polkadot. I have some sitting on Kraken earning 12% staking rewards. I could bridge it into Cub Finance and earn 291%.

Why Don't I Just Go 100% on Cub Finance?

For a lot of the same reason I don't just buy Bitcoin. There is a feeling of not wanting to put all my eggs in one basket.

The yield chasing can certainly be addictive and dangerous.

We are right in the middle of the party and this time everyone is that much more paranoid about a sudden bear market hitting.

It is certainly a growing concern and these organizations with large stacks will dump part of it on the market. The smarter money isn't going to keep chasing the price at some point so what percentage of noobies does there have to be each bull market? It's really hard saying. We can assume there are people who got blown up so bad last bull market and were potentially hit so hard financially with the whole pandemic that they aren't really able to reenter the market with much force.

It is very hard to tell where people are at overall. I would have thought the stimulus checks would have hit the market a little harder than it did. They are still rolling in so there is time but I was thinking Bitcoin would do a 10% day type of thing.

All I'm hoping for is another aggressive week or two of crazy gainz.

Some people think that sounds crazy and that this thing is going to keep going but who knows.

The problem with a bull market is that there is only so much time in the day and it is almost impossible to explore all these ways to make money. I could be doing really good on merch and NFTs but I don't feel like I can be committing time and capital to that. It makes more sense right now to maximize returns. Then later I can be producing more merch.

Posted Using LeoFinance ^Beta