If I were a YouTuber who preaches 'transparency' I'd tell you I bought Atom Cosmos at XYZ, held it for XYZ years, made XYZ in staking rewards, and now sold at XYZ.

But I'm not doing that because I can't be bothered.

I'm just gonna cut to the chase, though, and tell you I'm exiting the world of Atom, but I'm technically not selling.

For years, Atom behaved like an almost stablecoin.

There was a price range it more or less adhered to, but then, like (nearly) every other crypto, it missed the train and began a downward slide.

We've seen this before with so many crypto projects.

The price goes up and down relative to Bitcoin, but sooner or later it 'unpegs'. So to speak.

Bitcoin price goes down 10 percent, XYZ crypto price goes down 25 percent. Bitcoin price goes up 10 percent, XYZ crypto price goes up 2 percent.

It's a losing game.

Staking Atom no longer makes sense to me because I'd need more Atom to get the same staking rewards as before, but the price keeps going down and so I decided it was just fruitless and I'm gradually getting rid of it.

All my Atom is staked in hot wallets, and I'm gradually unstaking it, sending it to a CEX, converting to BTC, and then sending back to a hot wallet.

In the short run, I'm probably gonna lose money. In the long run, hopefully I won't.