Why Are You in Crypto? .:. Late Night Blogging

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I found this meme somewhere on the Internet, saved it to my drive, and forgot where I got it... The idea of writing a Late Night Blogging post was born at the moment I saw the image, but it looks like my brain needed some time to process it... Also, got some additional ammo toward this topic and here we are...

Another interesting post triggered my thoughts about crypto in general but still connected with this image... It was a post written by @geekgirl, where she listed the names of the Hivers with HBD interests in January... I saw a lot of "congratulations" comments in the comment section, which made me sad... Maybe I'm broken? Why I can't be normal? 😃


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Really don't know where I found it... Google.com

Before getting deeper into it, I just want to clarify some important things... Just to not be a hypocrite on this topic... My name is also on the list and I do have some HBD in my savings account... Also, I hope that I will have a bit more if we see some big bull markets... I'm 99% in crypto and it is not just my passion or hobby, it is something that I do for a living... When you are in that position, it is important to have different portfolios separated... One for long-term HODLing, another for trading, another for investing, etc... But, in the end, some of those tokens have to be used for buying groceries and putting food on the table...


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Back to the HBD savings... I do realize that stablecoins are important for crypto and having one in our HIVE ecosystem is great! Also, I do like the 20% interests that we can get by "locking up" our HBD in savings... But... Stablecoins aren't crypto... I mean, they can be integrated into the blockchain, but they are usually pegged to a fiat currency... In my opinion, that's not crypto...

Again, I do understand the need of having them... It's easier to go into crypto, exchange tokens among each other, or just have a "stable presentation" of value... In the beginning, the main idea of having HBD was to be "prepared" for using it for payments... For example, when you hire a developer, you can say how much he will be paid, and you can do it with HBD...

Yes, cryptocurrencies are volatile, what we can experience in these moments too... But, late events with money printing and higher inflation(s) all around the globe, showed us that even fiat currencies can be volatile... Anyways, crypto is still young, and it is normal that it's volatile... When you have bigger adoption these "price moves" will be smaller... As a matter of fact, they already are smaller than they were in the past...


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Now, back to that image/meme... I suppose that everyone has their own reason why it is "in crypto"... Are you here to get some fast bucks and leave when we come into the harbor, in the "calm sea" times? Are you here to put your fiat money into HBD savings and "preserve" the value of your precious fiat? Is really 20% APR on HBD more than the potentially higher price of HIVE (+ APR on HivePower and curation rewards)?

In the last 4-5 years I have followed the rule that you can see in that meme... I have bought Bitcoin, ETH, HIVE, and others to have LESS fiat as I was more scared of its devaluation than of risks in crypto...

How about you? What are your reasons to be in crypto?

Thank you for your time,

~ph~


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😅 By the way, that's why I can't put off HBD. My brain just refuses to understand the benefits. Why have 20% when you can have at least 100% in a year or two. lol Anyway, it's all in the crypto!
!invest_vote

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By the way, that's why I can't put off HBD. My brain just refuses to understand the benefits.

There are benefits, and one of the most important ones for me is to be a place where I can convert in/out my HIVE... to get more HIVE... Like was the case just a few days ago...

Most of the people will go for HBD, especially people who don't understand crypto... So, HBD is a good "entrance" for new people to crypto... But, it shouldn't be the final goal... Of course, that's just my opinion...

!PIZZA

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I can't agree with you today. HBD is not a stablecoin, it is a debt referenced to Hive. If Hive disappears HBD disappears. It is a crypto with less volatility but it is a crypto. And the rest of the stable coins such as usdt or usdc are also crypto but in another way and whoever believes that they are Fiat Dollars will one day be in for an unpleasant surprise.

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Well, I suppose that we do agree in a certain way, I mean in the core of things... There is a huge difference between DAI, USDT, and HBD as they are completely different even between each other... But, the point is that they are "projected" to be pegged to the USD...

If you ask me, I don't believe in USDT in the same way as I don't believe in USD (fiat)... lol... If you copy something that is doomed, you can't get something that is valuable... 😃

Again, I do recognize the importance of having HBD, but if I have to pick between HIVE or HBD, I would always pick HIVE...

!PIZZA

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Again, I do recognize the importance of having HBD, but if I have to pick between HIVE or HBD, I would always pick HIVE...

On that we agree 100%!

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Great late night thoughts…
I’m in crypto for the long run. 🤓
I do have some HBD in saving too and add when I can, still growing my account 😎

Posted Using LeoFinance Beta

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Your comment helped me to realize one interesting thing about this topic...

Accumulating HivePower helps you and others (by curating or delegating), but HBD savings helps only you... 😃

Have an awesome evening/night! :)

!PIZZA

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Yep… maybe you should add it to your post. As it is sooo true.
HP helps all 😎 by curating and delegation.

Thanks a lot, you too 👋🏻🤓
!ALIVE

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(Edited)

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I get you - most of my wealth is now in real crypto but I still like to keep a little in stable coins as it's basically easier to biy stuff with in the real world!

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Yeah... I forgot about that aspect... It's easier to do "calculations" for real-life goods... I'm doing the same when I spend money earned in crypto... Convert to a stablecoin and use it like that... If I don't do that, I "feel guilty" for spending crypto... 😂

!LUV

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I'm very much of the attitude that I'm taking something out (very little in the bear but next bull I'm going fairly hard) as I want more land, very tangible, and off grid equipment in general.

I certainly wouldn't be cashing out anything major to buy fiat!

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This is very true, Im on the same boat, crypto is a good place to control and own assets although fiat is not going to desapear anytime soon so its still necesary, Im thinking about parking some dollars on HBD too, thx for sharing ✌️

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Yeah, fiat will not go anywhere soon... It will drop in value a bit faster than in the past but will stay there... It's a perfect tool for getting rich on one side and making the other side poor... 😃

!PIZZA

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How stable is fiat? My grocery costs increase 20% or more every few months.

If they are on chain, then stables are crypto imo. Maybe at some point they won't be needed when we get a relatively stable crypto without a peg that keeps its value compared to fiat that constantly loses its value.

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How stable is fiat? My grocery costs increase by 20% or more every few months.

I have noticed that too... Some everyday groceries went up double in the last 4-5 years... Which means 100%... I have no idea how they pull out that inflation data of only 2% per year...

!WINE

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diversification of assets (most my assets are stocks and bonds) and gaming (im a lifelong gamer)

!PGM

!LOLZ

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS tokens to @forsakensushi

remaining commands 9

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

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Diversification is the key to survival in this age... We can trust nobody and especially, not to 1 company, stock, crypto, etc...

!PIZZA

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Thanks for the curation! Appreciated!

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That Gus Fring meme is a hoot.

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It is! When I saw it, I had to save it! 😃

!PIZZA

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I like crypto as it's so flexible. Anytime I can with a few clicks, buy almost any altcoins I desire. Transfer is fast and fees almost free, like Hive is. I can Dca as much as I like. I can check on my assets instantly. Can profit hugely if can buy on the dip and sell high. Already I just done 7 altcoins buy while eating my egg !

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Already I just done 7 altcoins buy while eating my egg !

Hahahaha... You are not wasting your time, for sure! I hope you made a good choice... 😃

And completely agree with you... It's getting simpler and simpler day by day... and for most of the tokens, transactions are almost instant!

!LUV

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Main reason: I am liking where p2e is going.
!PGM

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS tokens to @operahoser

remaining commands 4

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


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I am in crypto because I can see a future for some of these technologies and I want to be financially free. In that sense, I don't mind having HBD as my stable coin because of the interest and how it depends on Hive. USD is not going away and it will take decades to make an alternative that everyone will follow.

Posted Using LeoFinance Beta

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USD is not going away and it will take decades to make an alternative that everyone will follow.

This is true in a certain way, but seeing how governments around the world cooperate with each other, this can happen in a couple of years, if they have an interest... (CBDC plans, for example)
But, we are lucky to have HBD as "our" solution... ;)

!LUV

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I'm still in team "You buy bitcoins to have more dollars" 🤣 better to have both equally for me

!LOL

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Tbh, I will do more this year on locking up some profits into HBD... I was doing the opposite way until now... Securing my assets by going 100% into crypto, but I hope that the next bull market will give me a chance to pull out something for a living...

!LUV

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It's kinda survival to have 100% in crypto imo😅I just can say, "Good luck and the bull market is coming!" 👍
!LUV
!PIZZA

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It's kinda survival to have 100% in crypto imo😅

You get used to it and learn how to act in different situations... For example, when everyone is selling, you are buying... and people think you are crazy and nobody wants to talk with you... 😂

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(Edited)

Hmm actually for many reasons..
For monetary benefit (of course)
For interest in new technology (cos the concept is so fascinating!)
For education (sometimes I feel that we will only find out about something when we have real money invested)
!LUV

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Crypto is just the future of the internet money , things will scalate quickly and it will become masive, i'm into crpyto because it is the future!

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Things will escalate quickly and many people will regret for ignoring crypto in these moments!

!PIZZA

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!BEER

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Thanks for the !BEER... I'm more into !WINE

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