So the market obviously isn't doing great right now.
I mean I'm not worried because I have the privilege of losing quite a bit more before actually feeling the sting of any of this. Plus we've got 4 airdrops coming up so it's hard to see how I could personally possibly lose any value over the next couple months. But still things are not all going according to plan (as per usual). I mean when's the last time everyone expected the market to do something and then it did?
If the moon cycles are still accurate this means we are about to start another one of those "bear markets" soon. The kind we saw in May. This last full moon was a total dud which means the next two weeks could be pretty bloody. A drop down to $40k is easily possible, but there is also strong support lines at every $5k unit bias level. $50k and $45k both have strong support this time around, especially since we've already been here before.
Hive?
Hive has good support at $1.50 and still an ultimate floor at 80 cents. If LEO spikes like I expect it to on top of Hive crashing back to $1.50 I'll definitely take the opportunity to slosh some money back into that direction. My trades lately have been pretty on point, and I was able to sell 2000 Hive (all my liquid Hive) into LEO at $2.80 for 28 cent LEO (10:1 ratio). That was pretty sweet and I don't expect to get a better deal than that... pretty much ever.
PolyCUB
With the PolyCUB launch coming in a week or two (or three) this might end up being some pretty clutch timing. Khal still hasn't decided if the pLEO LP is going to be paired to USDC or MATIC. He was even talking about setting up a poll to see what the community thinks. On one hand it would be nice to pair up to the gas of the EVM chain we are using (Polygon MATIC) but also LEO doesn't have any good stable-coin pairings for hedging to the downside.
Personally I would consider doing both pairs but it's also good to just have one so that the LEO bridge has high liquidity and minimal complexity. It would also be possible to implement the pLEO/MATIC pool at launch and then discontinue it later should the market get incredibly bubbled, swapping it out for pLEO/USDC. Whatever gets decided there are arguments to be made about all options and we'll probably end up overthinking it.
Punks
Wow I'm surprised that images.hive.blog didn't condense this picture!
Marky put all 10k Punks on a 100x100 grid as shown.
https://cdn.nftshowroom.com/QmbBFCNWNuuBWTnuVdgevDfF1YEpP3B9NpK9vwQR4cJyKB.png
This 10k punks picture was turned into an NFT and is being sold on NFTshowroom with a starting bid of 1 Hive (already up to 50). Development on this project is chugging along slowly but surely. I even found a few strings of the 10 punk blocks I minted in there. You can zoom all the way in as it's a pretty big file and captures all the detail.
Fear in the market?
Fear in the market is extremely high right now, and it's hard for me to be worried with just how fearful everyone is at the moment. Hard to imagine anyone getting caught off guard in this climate.
So it's not a terrible time to take some gains just to make sure we don't crash more, but at the same time it feels like we're being told to sell by known market manipulators. Yeah, the economy at large is not doing great, but at the same time there are a LOT of institutions looking to buy in at a lower level. Even with the doubling curve sitting at $25k it's hard to imagine the price even dipping below $40k at a time like this.
Interestingly enough MATIC is doing really well. I wish I had bought more of it but my current bet on LEO sort of supersedes all the other bets I have on the backburner. I also have a plan to trade the Hive airdrop on January 6th which I'll reveal later.
Also this
Looks like someone is trying to hack my email with a VPN, so that's fun. I got some messages warning me of this, but then it turned out that even those messages were fake and perhaps even a phishing scam. I basically was highly motivated to add 2FA to my email account just to beef up the security.
It's wild how an email address is a centralized attack vector to all the other accounts it's attached to. I'm not quite sure what I would even do if I lost access to my email account, but considering such access can be used to reset the passwords on most of the accounts it's connected to... it certainly wouldn't be great.
Good thing crypto isn't reliant on such flimsy security. Even if my email did get hacked the chance of me losing anything is pretty low.
AnonToken?
https://anontoken.com/
I guess that's the disadvantage of being anonymous.
Anyone can pretend to be you and profit from your brand.
Such a joke that some shitass hyper-deflationary reflection token on BSC is pretending to be a hacktivist group. Yikes. Still, they got that Matrix thing going and they are selling a story so I almost want to throw $1000 at it just to gamble gamble. December 20th, eh? lol.
Conclusion
Market looks pretty weak right now and everyone is running scared. Now is a good time to balance positions if they are off-balance. Many were expecting number go up, and thus had greedy distributions. Never a bad time to enter high-yield LPs paired to stable-coins on EVM chains. Also not a bad time for coins that are going to be airdropped like Hive, Leo, and CUB, but I'm sure I've already talked enough about that.
The market is unpredictable but development continues exponentially. The legacy economy has been in a slow motion train wreck since March 2020, and there's no telling when the next collapse comes. FED tightening certainly isn't helping matters. At the same time the financial manipulators telling us to sell are the ones tightening the market and causing the fear, so perhaps the smartest play is to just hold strong and power though. Guess we'll find out.
Posted Using LeoFinance Beta
Return from Degen December? to edicted's Web3 Blog
