Sometimes You Win, Sometimes You Lose .:. WorkerBee PH-Pool Week 244
If you are a crypto trader, I hope you didn't lose a significant amount during the recent crypto crash... It was brutal... Almost everyone lost something... Some more, some less... There were calculations that during this dump, liquidations were 10 times bigger than during the C19 dump (which was devastating at the time), or the LUNA dump, which created a cascade of liquidations that lasted for several months after it occurred. Will it be like that this time, too? Is the bull run over? (If we had any at all in HIVE 😃)
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I said thousands of times that I'm not a "material" for trading, but I would always go back and at least trade with a small amount, just to keep the adrenaline levels high... 😃 I'm doing that with less than 0.1% of my portfolio, and that was my loss on this crash... Of course, what I was doing was more like gambling than a "professional" trading, but I think that almost everyone was liquidated during this event... Professional traders, amateur traders, everyone... And to be honest, the whole crash was a bit fishy, too many "coincidences" happened at the same time, making the "perfect storm"... But, it is what it is... Moving forward and looking to the future...
The event was compared to the C19 crash, or the LUNA crash, many times in the last day or two, and I saw some "influencers" getting conclusions from both of those events... The C19 crash was a "unique" event, where the whole world was impacted, not just financial markets, but it has more similarities than the LUNA crash... Why? Well, if you stayed cold-headed in those days, you could, with clear thinking, conclude that nothing fundamental changed, and markets overreacted... After that, we got the V-shape recovery, and crypto continued to soar... In my opinion, something similar will/is happening now, too...
On the other side, the LUNA crash was a lot different, and I can't agree with some of the comparisons made by some "experts"... The assumption is that after the LUNA crash, we got the chain of liquidation that pulled down the whole market for a long time... That's true, but there is one huge difference between that and what happened 2 days ago...
If we go back to fundamentals, nothing changed in crypto after/before the crash, no hacks, no exploits, no broken chains, nothing... And with the LUNA crash, we had one CENTRALIZED entity that went down and pulled down other CENTRALIZED entities that were connected with it... We can't forget that the problem wasn't CRYPTO, but PEOPLE behind those centralized entities that were over-leveraged...
Yes, people lost money in this crash... Some lost a lot of money... But, most of the money wasn't in crypto at all... It was in the "gambling, perp-exchange casino", betting on red or black...
The V-shape recovery is already happening, but it will probably last longer than we would like to see. But I think this is not the end of the bull run, and we still have some upside to it... Of course, if another black swan event doesn't come, or some big market manipulation... I hope you will stay firm and not leave the crypto space, as these are the times when you can make a difference...
Let's see the WorkerBee Pool numbers for this week...
This week, we have mined 84 BEE tokens in total, 4 fewer than the week before!
Last week, we lost a delegator, but this week we got a new one! Welcome to the pool, @hive-engine.gld! Also, we got new delegations from old members, as usual! Thanks, guys! Appreciate your support!
This POOL doesn't have fees, and you get up to 20% MORE by delegating to it!
What about the bonus tokens?
It's a moment to break some records by the number of tokens distributed as a bonus reward... I will distribute almost 4M STARBITS tokens to delegators, and as of the lowest price, it is the new record! Btw. These tokens will come in handy for those who play the game, as just today, the new Halloweeen special mission was launched! And to be able to run the mission, you will need a special card that you can get by opening packs, which you can buy with your STARBITS tokens! Win-win! 😃
There will be distributed 3.8 million STARBITS tokens to the delegators of the pool as a bonus reward today!
3.8M STARBITS tokens will be distributed as a bonus... The APR (without the bonus) was 11.863%, and when we added the bonus, it went up to 14.271%!
I have calculated the ROI approximately with medium prices for all tokens when creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price...
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter, and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (@ph1102)! Every week, you will get your portion of mined BEE tokens and BONUS rewards!
.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here https://ecency.com/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other.
Thank you for your time.
--ph--
None of this is financial advice!!!
👉 Vote for Liotes HIVE Witness HERE 👈
Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
As long as we stay smart and avoid selling in a panic, I think there is still potential for recovery.
Indeed! We will see about the recovery, if it will be a fast one, or a slow one... 😀
!HOPE
!HUG
!WEIRD
!BBH
Thanks for your curation, Mick! 🙏
You know, I didn't notice anything terrible. My funds on Iconomi dropped by about 7%, but they're now recovering. I think that's normal because it happens all the time.
But I've read quite a bit about this disaster. I don't understand.
The biggest problem was how long the red wick on some altcoin... and how fast everything went down... A bit suspicious...
Glad to hear that you didn't lose money! 💪
Oh well nothing changed for me, I got my hives and that's it, just seen the walled value dump lol
Hehehehe... Seeing portfolio going down is a usual image for every crypto holder... 😂
So much red in the past week. Thank you for the STARBITS!
Indeed! Hopefully, we will see some green in the continuation... 😃
The crash this time has liquidated futures investors and those who bought and held coins have also been down 80 percent, so there was a very anxious atmosphere. Now that there will be a gradual recovery, people will start believing in this market again.
We will see how long the recovery will last...
No losses here as I did not sell which would have any declines a permanent loss. I believe prices will recover as the fundamentals of the market and most cryptos did not change. Just news that had nothing to do with the valuations.
Exactly! Fundamentally, nothing has changed, and the news was pure FUD to shake out weak hands... 💪
They stole all my remaining unrealized gains on my 11 entries from the bottom in June. Took at least 50% profit but alot of R.🙈
https://ecency.com/hive-167922/@digi-me/final-wave-follow-up-11
Yes, probably, at least alot of stop hit, 8 trades gone in seconds for me lol. But I ran to PC and took some new entries among HIVE from 0.97, and ETH mirrored only its previous bear trap and already given 3 trades. Some, il save rest for future CODEX post 😅
https://ecency.com/hive-167922/@digi-me/codex-vii-bear-trap-done
Huh... Hard times! Sorry for your loss... 🙁
At least you saved something! Let's see where we will go after this...
I didn't lose anything since I wasn't on leverage, but you can never be too safe. I have seen a few bad stories about people harming themselves, so I hope everyone stays safe.
Thanks for running the pool, and for the BEE/STARBITs token.
I heard a few too... :( It gets too crazy and emotional if you go into extremes, or invest more than you can afford to lose... It sounds corny, but it's true...
I wasn't trading nor gambling so had no liquidations and nothing to lose. My bags went down but they will go up again.
Now I am trading though hehe
I just bought 10 WORKERBEE so I can finally delegate to you, but there is no delegate symbol yet, perhaps there is a cooldown period before you can delegate, no idea but as soon as I can I will...
Out of curiosity...
https://ecency.com/hive-119826/@ph1102/workerbee-p-h-ool-let-s-help-each-other
Are you still supporting the two witnesses in there and their "awesome" project ... clicktrackprofit for example..
First, you have to stake them (to YOUR account, lock icon)... When you do that, the delegation icon will appear...
Thanks for your support! 🙏
Both of them are inactive H-E witnesses... 😉
lol well duh 🤦♀ All done now, and should be delegated to you.
Ok I knew ctp was not doing anything, just wondered if you have changed who you were supporting etc.
Thanks for your delegation! You did it! 😃
And regarding support, I did change my opinion about many things, including people that I support on HIVE or not... I suppose that's normal, especially when you misjudge people... 🙂
lol yes 🤣
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That's fluffing awesome, thank you @stresskiller and @topcomment
I just bought 1000 Hive and it crashed 2 days later, not sure that was an omen!
lol... It looks like you got my "luck"! I have longed BTC before the crash... Maybe I should short it and help humanity? 😂 🤣
Not even a thought form to leave lol. For some, I think taking a break will help them, especially those who did lost a lot. I'm leaning into thinking that market overreacted plus an element of manipulation at play. Fundamentally, nothing has changed, so the trajectory seems to still be in tact and we may get a sideways movement before another leg up.
I think there will be a lot of people who will not come back to crypto soon... I remember I reacted similarly when I bought my first BTC, which crashed after 2-3 weeks, back in 2013... lol... 😂
And you are right, nothing fundamentally changed, and the price can do the same as it did before... to go up, or to go down... 😃
I'm also like that trading is not a cup of my tea.... But still sometimes I want to buy From dip too and most of time it's not work 🤣
Well, i think bee and workerbee both are different tokens.... I bought 34 bees last week and delegated to bee.voter but now I'm confused that worker bee is another thing
!PIZZA
Hehehe... Buying the dip is tricky... especially when another dip comes after "our dip" 🤣
The WORKERBEE token is a MINER token... You can't earn them, you have to buy them, or swap from BEE to WORKERBEE in diesel pools... When you STAKE WORKERBEE tokens, you have a chance to mine BEE tokens... If you stake just a few, that chance is smaller, and that's why I created the pool where we "mine together"...
$PIZZA slices delivered:
@les90(7/10) tipped @ph1102
Come get MOONed!
Leveraged trading is always very risky, but this risk was different. It was as if they cleaned house and offered huge opportunities to some people. Thankfully, I'm not in that market, just spot BTC and Hive.
You did well to stay in the spot! And it looked like a house clean... Even if someone wanted to ride the dip, I suppose that they got rekt as the price went even further down! Nobody expected such a drop in altcoins!
There is one similarity with the Luna crash. Centralized oracles have been affected hard for a short while this time, and maybe that's for the better of crypto, since those are centralized 3rd parties in most cases, which have more in common with the fiat world than crypto, since they are used to keep various pegs, particularly with USD.
You are right about that! The thing is that some are "selling them" as decentralized oracles, which obviously, isn't the case...