The Current Cryptocurrency Market: Are You Buying Or Crying??
We all new it was coming (well at least those of us who been around the cryptocurrency markets for longer than a year or two new it was coming), the dreaded correction or dip as some like to call it. As the old saying goes, what goes up must come down. Corrections are expected to happen and there is lots of factors that might contribute to one. Right near the top of that list is profit takers. When tokens reach new highs in USD worth some early investors might want to take some profits. Of course there will always be the weak hands that sell and months later cry about how they should have held their token (don't be one of those guys). As the two screenshots above show BTC and HIVE are already fighting their way back to be in the green. Over the past few days BTC dipped to around the $33,000 USD mark and HIVE dipped to a low of around $0.71 USD. Hive's current 24hr low was just shy of $0.79 USD. Currently it sits at $0.84* USD. Bitcoins (BTC) current 24hr low was $35,757 USD but is currently sitting at $37,065 USD. Will these coins continue to rise or is this what is known as a dead cat bounce (awful name for a finance term).
Hive Seven Day Chart
BTC Seven Day Chart
As the sayin goes,
"The time to buy is when there's blood in the streets".
If you are confident in a share, stock, token or coin and have done research corrections only mean one thing, everything is on sale. While the weak hands sell the future rich stack their bags with their favorite investments. There is also an investment strategy called dollar cost averaging. This can be done regardless of if the market is on a downswing or upswing.
The current correction hasn't forgotten about NFT's (non-fungible token). All one needs to do is look at the ever growing in popularity Hive Blockchain game known as Splinterlands to see that NFT's have also taken a hit in USD Value. NFT's are still doing very well in their USD worth but a dip has taken place. It isn't just the general cyrptocurrency market that is to be blamed for the recent dip in Splinterlands NFT's. Other factors such as the introduction of a brand new edition of cards (NFT's) known as Chaos Legion has contributed as well. For weeks there were no official packs (contains five NFT's) for sale on the Splinterlands official site and this caused prices to sky rocket and then correct once packs became available for purchase. I believe this correction is healthy for the game as it allows new players and investors to get involved at reasonable prices. Another factor for Splinterlands NFT price correction is the USD fluctuation of the SPS Token.
What Is SPS?
- SPS is the governance token for the Splinterlands game
What Is Splinterlands
- Splinterlands is a blockchain game that utilizes NFT's for game play
- Click here to join Splinterlands today!
The SPS Airdrop
As noted above SPS is the governance token for the Splinterlands game. Its whitepaper can be seen Here. As for the airdrop portion, all one needs to do is hold Splinterlands assets and they will get airdropped SPS daily for up to 365 days. Currently the airdrop is on day 183/365 (Today's Date: 01/25/2022) so that means there is still lots of time to get yourselves some FREE SPS. Below is a list of all Splinterland assets that count towards airdrop points. Some of these assets can only be purchased on secondary markets such as Hive-Engine and LeoDex. Others assets can be earned daily such as the SPT token which is the official Splinterlands blog token (Splintertalk.io).
Disclaimer: I routinely make bad financial decision so in no way is anything that was said above financial advice. Always do your own research before investing any of your hard earn currencies and always follow the golden rule of investing. NEVER invest what you can't afford to lose.
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There will always be people crying about their bad financial choices. Hell, if you were over on reddit during the time GME stock sky rocketed, you would have saw people selling at around $200 a share then complaining when it reached $300, on the other end the people who held out for too long were complaining they didn't sell at its peak, while others bought it near its peak thinking that it was going to keep going up.
True, complainers will always complain.
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I try not to complain but when I saw Hive below $0.80 again I did pee a little. I don't know if that counts.
!LOLZ
lolztoken.com
I now live in constant fear.
Credit: bulldog-joy
@sinistry, I sent you an $LOLZ on behalf of @braaiboy
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/1)
!PEE
Opps I meant,
!PIZZA
Posted Using LeoFinance Beta
buying!! I just bought 50 Hive yesterday.
!LUV
@simplegame(2/4) gave you LUV.
H-E tools | connect | <><
Nice, keep on stacking!
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!LUV
@simplegame(3/4) gave you LUV.
H-E tools | connect | <><
!LUV
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@rentmoney(3/5) gave you LUV.
H-E tools | connect | <><
So far every time there are this many negative emotions around crypto, BTC reaches new record highs later on XD. So I'm buying up as much as I can in all the different projects.
And if you just look at the accelerated adoption rate of blockchain technology over the last year, the future seems bright =)
Nice, fill those bags.
The future is so bright we got to wear shades.
Posted Using LeoFinance Beta
I'm not necessarily buying but I am making moves to capitalize on the current market trend. !PIZZA !hivebits
Hivebits blends Hive and Bitcoin. Mine HBIT simply with ! hivebits (no space), one-per-day.
@onewolfe(1/1) You mined .9 HBIT and the user you replied to received .1 HBIT on your behalf. You can receive 100% of the HBIT by replying to one of your own posts or comments. Or, support Hivebits by using the official HBIT mine | your wallet | market | tools | connect | <><
Smart move, I been trying to do the same.
Got to !LUV leveling up using current assets.
!PIZZA
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@rentmoney(2/5) gave you LUV.
H-E tools | connect | <><
PIZZA Holders sent $PIZZA tips in this post's comments:
@dynamicrypto(10/15) tipped @rentmoney (x2)
rentmoney tipped onewolfe (x1)
rentmoney tipped torran (x1)
rentmoney tipped bitpizza (x1)
rentmoney tipped forsakensushi (x1)
torran tipped rentmoney (x1)
rentmoney tipped sinistry (x2)
onewolfe tipped rentmoney (x1)
forsakensushi tipped rentmoney (x1)
Please vote for pizza.witness!
don't cry. buy cripto and get over it)
!LOLZ !BEER
lolztoken.com
No, but April may.
Credit: bitpizza
@rentmoney, I sent you an $LOLZ on behalf of @bitpizza
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (4/4)
That is some solid advice :)
!PIZZA
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View or trade
BEER.Hey @rentmoney, here is a little bit of
BEERfrom @bitpizza for you. Enjoy it!Do you want to win SOME BEER together with your friends and draw the
BEERKING.I'm very close to pull the trigger and start buying. I've been waiting for a good entry for a long time and right now it's a pretty fair price.
The bottom is hard to find. Whatever you decide I wish you the best with your financial decisions.
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I am buying what I can and crying! lol Got covid missing good work then spread to family so taking care of them missing more work #missingthedip I did move some funds into some 3L futures shares on BTC, ETH, VET, SAND & MANA
I wish you and your family a speedy recovery. That is a nice set of tokens you invested in. There is so much opportunity right now that its insane to think about. If only there was more time in a day.
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Indeed thanks !PIZZA !PGM !BEER !WINE !Giphy !LOLZ
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500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
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Support the curation account with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Congratulations, @dynamicrypto You Successfully Shared 0.100 WINEX With @rentmoney.
You Earned 0.100 WINEX As Curation Reward.
You Utilized 1/1 Successful Calls.
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lolztoken.com
ERROR: Joke failed.
@dynamicrypto, You need more $LOLZ to use this command. The minimum requirement is 16.0 LOLZ.
You can get more $LOLZ on HE.
!LOL... I'm crying as I'm selling to buy something else I want more of while someone else is crying while they're selling it too low to buy something else they want more of... !BRO
lolztoken.com
but now I'm clean.
Credit: lofone
@rentmoney, I sent you an $LOLZ on behalf of @sinistry
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (2/6)
!LOLZ
That is the story of every asset flipper trading every dip.
!PIZZA
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