Navigating Cryptocurrency Volatility: A Content Creator's Journey
BTC's price dropped from 72,000 to 66,000. Last night, I went to bed early, but around 11, my nieces were still playing and couldn't sleep, so they woke me up. Unable to sleep, I got up and talked and played with them until they fell asleep around midnight. Despite my tiredness, I claimed ETHFI from Binance's Launchpool. Shortly after, we noticed BTC's price falling to around 68,000.
Consequently, the price of Hive also dropped to 0.42. I decided to buy Hive at 0.41, but I didn't have any USDT available since it was staked for the ETHFI Farm. If I stopped the ETHFI Farm and bought Hive, I could purchase it at 0.41, but I still wanted to earn ETHFI. With most cryptos already declining in price and Hive experiencing numerous sell orders, I anticipated Hive might reach 0.37. Therefore, I held off on not buying Hive and continued farming ETHFI.
This morning, as expected, the Hive price was around 0.37, allowing me to purchase 232 Hive. If bought at 0.42, I would have obtained only 218 Hive. While my profit may not be as substantial as that of big traders, the additional 14 Hive is a welcome amount for content creators like us. Cryptos are volatile, and trading successfully requires a combination of luck and intelligence.
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