I had to make some recent changes, in particular I gave up my XLM (Stellar) HODL'ings - I had done the same with my BAT about a month ago, but I was quick to recover those tokens and then some. I'm not particularly happy about giving up my XLM temporarily; I'd have a decent amount of every token if I could, but that is basically where I am going with this: Be careful "When" you put your money "Where" you put it.
Exponential gain is usually seen over a long period of time or in an immediate series of spikes. While XLM (Stellar) is doing well as far as altcoins are concerned with a higher percentage gain than most others while correlating with Bitcoin, it still fails to reproduce money at this point in time in a way that satisfies me. I was able to double my first purchase and cash out, but after that it made little sense to HODL in the short-term beyond an exponential gain experiment, it made more sense to flip it again. It's also cheap to buy 400 XLM back, currently only around $30-35 USD.
I need my assets in Bitcoin, BAT, Tezos and other tokens that are going to make me money now. I feel that money would be better off flipping tokens or staking Tezos.
Being quick to move assets around for gains is crucial to everyday market actions. Hesitation will ruin opportunities again and again. The montage of buy low and sell high is still around for a reason: it works. Will it work every time? No. But, usually the numbers flow in a way that makes sense, it just comes down to timing.
I have Atomic Wallet for all my new XTZ (Tezos) and LRC (Loopring), though I will be switching to a Ledger Nano X soon. I am fairly happy with Tezos, though definitely wish it was worth more and hope one day it will be. I don't see myself touching any of my staked Tezos for a long, long time. I have a similar feeling towards BAT, and like any good crypto hound I keep as much Bitcoin in my accounts as I can.
Why Stellar didn't make the cut: I don't use it. I don't get paid in it, unless you count old airdrops. No sites I use accept it. It lacks the social support I am constantly raving about that a token needs for the long-haul. What is it good for except hodling?
I love many other things about the token, but without those basics I feel exponential gain is unlikely. It's completely possible Stellar Lumen's will obtain something that will give them that longevity, such as BAT and the Brave browser - a match made in heaven, so to speak - but it has yet to happen and with a watchful eye I believe I'll still be able to buy extremely low if Stellar ever starts developing something like that.
My family and myself have been heavily impacted by the COVID-19 pandemic, as I am sure many reading this also have. For this reason, I've had to become far more cautious about where I put and how I spend my money. I am not currently financially well-off enough to put money in places that are unlikely to pay, as much as I'd love to see the result. Hopefully, in the next few months I can get back to school, work, etc - and things like this will go back to being things I forget I even have.
I am planning on evolving my Tezos experiment article into a three-way comparison on staking between Coinbase, Atomic Wallet, and Ledger live. I am getting larger payments from Coinbase, but because I plan to run 10 XTZ+ in each wallet, I think the article needs a face-lift or republication.
As for my BAT holdings, I am not touching them at this moment in time. I have a lot of faith that a Basic Attention Token will be worth at least $1 USD one day in the not too distant future. They call it faith for a reason, it's blind. However, I believe in BAT's social support.
And finally, Bitcoin. If I don't start seeing this coin kick over $10,000 *before* the stock market crashes again, I will be moving loyalties to my favorite altcoins. I made larger gains from the after-math of Bitcoin spikes in altcoin flips than I did with Bitcoin itself.
Miners are currently struggling to get by and the next month or two should be extremely revealing as to what is going to happen with crypto for the rest of the year. That, and we are likely to see a second wave of COVID-19 in that time - unfortunately.
I am also anxiously awaiting ETH 2.0 and am trying to find a way to anticipate market changes. They are still developing.
The roller trick gave us a bit of a scare yesterday during a system update but that is back to functioning as normal which is a relief, as far as passive income goes that one and HoneyGain are hard to beat. I have several payment proof updates to make for both of them. I have to be honest though - once people stop questioning legitimacy that goes to the back burner in my priorities, but I always take screenshots of my withdrawals and it's easy enough to hop on Coinbase and prove the payments came in if necessary. It's just... how many do you really need? Lol.
Overall, I've made about a 15% gain with almost entirely earned cryptocurrencies in the last month. I am not satisfied with that, though I remind myself not to get greedy. It's far more than I ever thought I'd make when I first started, and therefore is already a shining success. But, being human, I want more.
How are you handling the new market climate? Have you done well, or the opposite? Any feelings on any new movements?
It seems the real world calls every time I get close to where I want to be with crypto, I am sure many others have made sacrifices as well.
I hope everyone is safe, healthy and happy. If not, do what you have to do to get there!
The comments are always open in my articles, I'm always happy to feel out the minds of the community.
-Thomas Wolf
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