Times just got tough again. If you are new to cryptocurrency, welcome to the roller-coaster. If you've been here for a while this is more of the same. Without getting into what has caused the melt down du jour, people are not happy with crypto currency.
What is happening is wall street is going to take over. I am not a tin foil hat conspiracy theorist. It just is what is it.
Stock spread used to be $0.25 then $0.10 then $0.05. Now they trade with a penny difference or less. Big banks are looks at the bid/ask spread of Bitcoin and licking their chops like a Tex Avery cartoon wolf. They may not believe in crypto, but they will make money off of it. This is going to come back and it is going rip.
Many of us are holding one or more crypto currencies possibly at a loss. Dollar cost averaging is going to be your best friend. If its low, keep buying to bring your average cost down. It is tested and it works.
There is no better way to average down you adjusted cost base than adding free crypto. A bear market is a great time to continue doing your monthly buys (if you aren't already), and finding ways to bring your price down even further. Currently I own slightly under 0.1 BTC and have paid under $500 cad for my position. The spot price does not bother me because at current levels BTC would have to drop 75% for me to be under water.
With the help of staking and interest bearing products I am adding directly to my bitcoin position daily and monthly. With the help of apps like COIN and Cointiply , I continue to add altcoins every month. My next withdrawal from Cointiply will be BTC directly.
At time of writing I get 1 SWEAT token every 3000 steps.
I dump my silly thoughts onto this blog and average down my Etherium cost base.
Find your routine. Maintain your activity levels. Don't get discouraged. Keep grinding your adjusted cost base down. Even if its a $1 USDT per month that you add to the pile. If you know anything about weighted averages you know you're going to be fine. Don't risk any funds that you need in the next two years.
If your alt coins are making you too nervous move them into BTC. Bitcoin and Etherium have Wall Street's blessing. At the very worst, don't look at your crypto accounts for a while. But stay active.
Rome was not built in a day.
Warren Buffet got rich slow.
Jamie Diamond wants to exploit the juicy crypto spreads. Good days are ahead.
Just keep building. It is not the time to get worries. Its not the time to lever up and its certainly not the time for a moonshot. Slow, steady and cost efficient.
We seek safe harbor and clear skies. They are coming.
Referral links if you want to start earning with me:
KuCoin
https://www.kucoin.com/ucenter/signup?rcode=rM3Y31U
Binance
https://www.binance.com/en/activity/referral-entry/CPA?fromActivityPage=true&ref=CPA_00IM6PD2BT
COINapp
Cointiply
Publish0x
https://www.publish0x.com/?a=xkaz6G87aJ
SWEAT Coin
Pi Mining App: https://ca01.z.antigena.com/l/bUNT-vWyii82KEHdfPLA_kH40aUpos9HwKZTcpIYol_txtCGcEN5d~m~QtzH6vvBtAf239EQnQcfcbFnP-gxbkKcbQoPqbKKCmNXOs~9TtIiA8EWN8p_MWUo-wwoyeAyyA-ZcQeKs2ipyNDfTX9Qr7t7~lNq__3DlRub
Coinbase
https://coinbase.com/join/hutchi_am?src=referral-link
Netcoins
https://netcoins.app/r?ac=M8P892
Shake Pay
Keep building!
As always you can join the conversation on Twitter @1BTCproject
And keep track of my crypto journal on my other blog - http://635ed752b3bfb.site123.me/
