RE: Why This Could be The Last Time I Buy Crypto
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I don't think the title's click baity at all, you're doing precisely what I thought you meant - looking to not swap more FIAT for crypto.
I wonder, did the creation of Hive help that decision along? It certainly gave a massive boost to my crypto Portfolio and more importantly helped me rebalance it, it was much too Steem-centric before.
The power of being able to instantly transfer with Hive is fantastic, and the curation earnings are really one of the biggest sellers, and now that there's so many opportunities for earning interest on BTC etc, I think the future looks bright.
I'm really looking to buy land in the next few months so probably won't be sinking any more fiat into crypto, but if at any point I sell my house and end up with several tens of thousands of dollars spare I probably would buy a bit more crypto, but certainly no more than 25% of what I had left over after my entire planned house-build project.
I did also buy some Hive withe FIAT today deliberately to buy some CBM tokens to support the @cryptobrewmaster beer-brew, which just looks like a great project.
I know what you mean about Hive - to think I only stumbled on it because of a chance conversation with an ex-neighbor who I bumped into in the Supermarket 3 years ago.
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Hive definitely helped push this forward as I was able to keep my large investment in this community in terms of HIVE POWER being airdropped to me but then was able to take all that STEEM I had left over and dump it for more HIVE and other cryptos.
I've had a goal in mind in terms of how much my Fiat portfolio would weigh against my crypto portfolio and with the creation of HIVE, I managed to accelerate that rebalancing.
Our origin stories with this community are all amazing. I just found this place through some random BTC article, got hooked and never looked back
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I don't really have goals in terms of my FIAT versus my crypto holdings. TBH I still think mostly in terms of FIAT, what I need yearly to have a decent life.
All I know is that I've invested less than 10% of my fiat wealth into crypto, and that fluctuates a lot as my percentage of actual wealth, whereas my FIAT wealth has steadily increased, down slightly with Covid.
That Hive pump a couple of months ago was certainly interesting in terms of the balance!
I also know that crypto is the last thing I will sell. I'm planning on spending a large chunk of my fiat on land shortly, I am very reluctant to dip into my crypto to finance that, in fact I'm about 95% sure I won't.
It's just so much more interesting than Fiat investments!
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