Farming, Staking and Spot Trading - A Crypto Story
The market is down again. Nothing's new really. We're already used to it and it's something that can happen anytime and anywhere, I mean it can happen when you're on the comfort room doing your things. It can happen on weekend or the time that you least expect it to happen.
It's like you are on the cloud nine and watching happily the candlestick going up and up and hooray and then suddenly it's going down down down down. You can't do anything about it but to just sing. Baby are you down, down, down, down down? Down, down. Even if the sky is falling down? (Down, down). Aigoooi. Did you sing it? Hmph!
Even if we're already used to it seeing it still give me a slight pain in my chest, oops walay nga pala akonh dibdib, tsss. But anyways, the market is down! So what! It's a chance. An opportunity that I don't want to miss. I am actually doing spot trading on Binance and still waiting patiently for my chosen coins to drop so that I can buy more.
But sadly, I think it's not going to happen today. As you can see of BNB and BCH they are still far from the price I set as my limit on buy order. But I'm not wishing for it to dump more okay. I'm just waiting patiently. It won't happen today but it's not that impossible to happen.
You know, a FUDS can happen and again and we have to make sure that we have a back up stablecoin on our wallet. That's what I learn on my past experience in spot trading. No one predicted that BTC will go down again after hitting it's new ATH before right. Even BCH and BNB.
Just we thought that it will pump more, that's where it started to dump - instead of "to pump!" If you don't know how to olay and you easily lose your cool doing this then it's not for you. We really need patience in this kind of thing. As long as you have a good collection of coins and token, there is nothing to worry about.
And if ever your coins or toke is "naipit" or you bought them at it's peak. You can just put them into good use and still earn while hodling them. Just like in DeFI, you can Stake them in a single pool or even farm them. Just watch out for the IL coz you can loss big time with that. But you can also earn passive income into it.
As for my other token that still at loss because of the sudden dump of its price, I also put them in a Pool and some in a Farm so that I can still generate income in there while waiting for that coin to pump again. Like my CUB and CAKE. I put them in PancakeSwap and CubDefi.
I harvest the CUB that I Farmed in the Farm and then stake it in Kingdom. in months of staking it I was able to earn 61+ CUB equivalent to $29+. Look at the SS above, that's my overall staked CUBs on CubDefi before I harvest my earned CUB in the farm. I also get some airdrop of PolyCub just by hodling CUB on the farm, Dens and Kingdom.
And this is my CUB now after putting all if the CUB I harvest on Farm. And look at the Pending Airdrop. In my first SS it's only 10.305 but after staking again or putting my CUB on the Kingdom m pending reward increased. I want to buy more CUB and put it into the Kingdom while CUB is still cheap but I'm still thinking because of thr fees just by doing the transaction, so I'm not sure yet.
And this is what's on my Binance wallet. I have 6 open orders and just waiting for it to be filled. Hope soon they will be filled again and so that I can put another order. If ever they are all filles I can already gain a good amount of coins there. Not nuch to anyone but for me it's already big.
I also want to share my smartBCH ganap but there's not happening right now. Everything is just a mess. I mean all of my token aigooo. It's still barely hanging on but I'm hoping that it will recover soon. I want to go back again on trading. I want to experience that huge gain again for just one token. Aigoo, wen moon.
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How about you? What's Up on your Crypto Investment?
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You’re learning by doing and developed some good strategies here. When you say Binance wallet, did you mean the exchange? All the best with your crypto journey 💙