financial advice:

The fair market value of Bitcoin is $25k. We are still floating over x2 the baseline. Remember this.

That being said,this current dip is not justified. A bunch of options expiring on top of a new variant of a cold virus is no reason to panic dump 10%.

A much bigger reason to dump is the FEDs attempt to tighten their policy, but even then the money that flows during the holidays should be enough to carry us sideways.

The pattern of 18 months between macro bull cycles is still in play. Hopefully we can get 5 more months of sideways action. This is the best outcome for micro caps and thing like hive.

I'm always on the lookout for the mega bubble. That's where btc is trading x10 the curve. Major alarm bells ring if btc is trading at $250k eoy. If the peak is in summer that jumps up to $370k.

Again, crypto does not have bear markets without a mega bubble. No mega bubble? No bear market. No matter what crypto twitter says, a 2 month consolidation is not a bear market.

I say buy the dip, but it's still a good time to take gains depending on individual situations. Buy the dip if you have a ton of usd, but sell it if you were overextended to begin with. Learn to take losses and stay balanced.

Or you could just be like me and not have a care in the world when price moves. I'm so far into the green with a decent income that I have the privilege of speculating wildly while not actually having to bet on the outcome.

conclusion

Still writing posts on my phone. I would have sold some hive at $3.40 but alas of course im on vacation and i don't like to expose my active key when floating around like this. Oh well. No complaints here. Number go up.

With this recent increase in hive I'm becoming much more loyal to the network. Easy to do when a couple blog posts can pay and entire month of expenses. Everything else says powered up or hedged in another network.

It's crazy to see how much success I've had only to see others struggling even though they've been around just as long. I really need to shift mindsets away from myself and help others rise up like i have. We'll see if i can pull it together

Also i would have upgraded the @hextech witness to a full node if i had access to my active key right now. Pretty annoyed about that but whatever. I'll figure it out.

Return from Buy the dip to edicted's Web3 Blog