It Was Time for a Rebalance - Tripled My HIVE Holdings
Do you ever just get the feeling that you need to rebalance your portfolio? I'm not talking about just crypto, but I'm talking like all of your assets. Be it crypto, stocks, NFTs, or whatever it is that you have a portfolio of... Sometimes it's good to rebalance it. I'm not much of a trader and often make terrible decisions because I'm an ape so swing trading works better for me than day trading.
Don't panic, Buy the dip.
The crypto market has been a little uncertain and even scary for some people. It doesn't take much effort to tell that there is extreme fear in the market. Even the Bitcoin Fear & Greed Index is lookin pretty scary. We've been in a slight downtrend through December and into January, which some would say is expected. I've been in crypto for quite some time (2015 I think) and I've seen a lot of things happen. I've been caught in bear traps and caught falling knives on multiple occasions. You might say I'm seasoned, damaged, or even stupid. Maybe all of that is true, but I have learned a lot along the way.
I've learned to hodl. To HODL means to "hold on for dear life" or just hold regardless of price action. Often times this is better than trying to time the market because at the end of the day, no one knows which way it's going. You can do all the technical analysis you want and stare at all the charts in the world and you'll still never know which way it's going. Sure you can make educated guesses but there is no sure fire way to know. If there was, trust me, we would all be rich. Is anyone even rich if everyone is rich? I've said it a lot and I will never stop saying it - Time in the market will always beat timing the market. If you think in terms of short term trading, I can't relate. I think long term. Every trade I make is made with consideration for the future. This is why I tripled my HIVE holdings yesterday.
I'm no whale by any means, nor am I rich. I saw an opportunity and took it. I rebalanced and made Hive my 3rd largest holding and I feel more at peace with my portfolio now. We already know there are 3 major airdrops happening in the Hive ecosystem in the coming months. Ragnarok, SPK Network, and PolyCUB. Ragnarok and SPK Network performed their HIVE/HP balance snapshots today. Based on the amount of Hive/HP you hold. you'll be recieving NFT cards for the Ragnarok game and LARYNX miner tokens for the SPK Network. As far as when these will be airdropped, we don't have a ton of detail for Ragnarok. For SPK Network - you'll receive 1 to 1 of your HIVE holdings over 12 months. Every month you will have to claim for 12 months to get your full airdrop. This is an amazing way to do this because it should cause less sell pressure. Of course with any airdrop, the sell pressure will be high in the beginning and will taper off. These are miner tokens anyway so I don't think you'll wanna dump them. Don't be like this guy.
I hope you had a laugh. Stay calm - buy the dip. Increase your Hive stake. Take a breather if you're panicking.
Thanks for reading! Much love.
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