As usual, statement... This is not financial advice! These are my thoughts and my approach to investing in crypto... Not trading crypto, but investing... Investing is a bit "relative" term nowadays as sometimes people think of investing as buying an asset and HODLing it for 10-20, or more years... For me, investing in crypto is holding an asset for at least 1-2 crypto cycles, which would be 4-8 years... Besides charts, tokens data as supply, inflation, minting, list of top holders, etc., I will share a couple of "rules" that I try to follow regarding investing in crypto...
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Is it uncomfortable to buy?
Let us begin with the heavy guns... I failed many times on this question... If it is uncomfortable to buy an asset it usually means that "nobody wants it"! This isn't true as someone always buys it but it's not that visible... If nobody wants it, that means that the price dropped so much that everyone is afraid that the token will die and never come back... Again, usually, that's the sign that we are very close to the bottom and it could be the best moment to acquire that asset!
Like I said, it is very hard to buy something that NOBODY wants! But, it could pay off a lot! So, if the answer to the question is "YES, it is uncomfortable", I'm buying!
Is it in the focus?
This is kind of the opposite of the first question... You turn on your favorite YouTube crypto channel and you hear a guy screaming: "This one is an ETH killer!" or, "You need this token in your portfolio!" Then you move to another crypto "influencer" and he says the same thing... and another one too... Usually, that's the sign that the token is already on the top, and you will probably be the exit strategy for early buyers... To those who were buying when it was uncomfortable to buy... 🙂
This happens a lot when crypto goes into the FOMO phase when you can sell literally any token, with or without the use case, shitcoin or blue-chip coin... After a while, the token price goes 95% down and never comes back up to the price where you bought it!
So, if the answer to this question is "Yes, it is in the focus", I will try to resist the FOMO and wait for the pullback, or just search for another token...
WHO is accumulating them?
This one will be probably a "politically incorrect" statement... 🙂 You probably heard the terms "smart money and dumb money"... There are people who know what they are doing and they usually did a lot of research about certain tokens/assets... Usually, they are not YT influencers as they spend their time in smarter ways, but you can hear about them... and often, because of the transparency of the blockchains, you can follow their accounts and see what they are buying! If you do that, you can find some true gems BEFORE they come into the "The best token ever! BUY NOW! phase...
On the other side, you can see people who are buying tokens in masses, following YT influencers who were paid to shill some tokens... That is usually a good sign to stay away from those tokens as if EVERYONE is buying, there is no chance that EVERYONE will get rich... It could happen, but rarely for a lot of people!
Does the chart only go down?
This one is easy... If the chart goes only down, without any interest, but with heavy propaganda and shilling from the token owners, stay away from that! You are an exit liquidity and you are feeding the dead horse...
Back to the WorkerBee Pool numbers for this week...
This week we have mined 117 BEE tokens in total... Good job!
We got 1 new delegator to the pool! A warm welcome to @splintertrends! Also, we got some delegations from existing members! Thanks guys! Appreciate your support!
This week we mined 117 BEE tokens in total!!!
This POOL doesn't have fees and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
Halloween Mission is the newest addition to the Rising Star game and every update pushes the price up... In a few days, there will be a new month, which means new cards! And that means, heavy Rising Star NFT collectors would like to get them... And to get them, they will need to open a lot of packs... and that means another push-up... Of course, that's only my speculation about the near future price of the STARBITS tokens... It could happen, or not... Personally, Rising Star is my favorite blockchain game and I accumulate cards and tokens for pure fun! Occasionally, I sell some small amounts of tokens just to keep the term "play-to-earn" valid... 🙂 The team who is working on the game is amazing and they are doing a great job! It's not easy to develop, maintain, and add new features to the game throughout the whole bear market!
There will be distributed 1.4 million STARBITS tokens to the delegators of the pool as a bonus reward today!
As always, in the end, let's give the exact numbers for this week... 117 BEE tokens and 1.4M STARBITS tokens will be distributed as a bonus... The APR (without the bonus) was 9.057%, and when we added the bonus it went up to 10.909%!
I have calculated the ROI approximately with medium prices for all tokens at the moment of creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week you will get your portion of mined BEE tokens and BONUS rewards!
.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here @ph1102/workerbee-p-h-ool-let-s-help-each-other
Thank you for your time,
--ph--
None of this is financial advice!!!
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