How have your ALT’s been faring?

Altcoin season refers to the cycle of the cryptocurrency market when some altcoins (cryptocurrencies other than Bitcoin) experience sudden price spikes that surpass BTC and the US dollar.
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It is no news that most people in crypto are down in the value of their portfolio as the entire crypto market started to take a breather from the Nov-Dec mini bull run.

Yeah, mini bull-run, because Bitcoin struggled to make its all time high at $64k, a lot of other cryptos like BNB, ADA, DOGEcoin, RUNE, who already had their run in the early-mid term of the year took a back seat.

And others who took a back seat during the first and second quarter of the year shined at the ending of the year, Hive was among those that shined at the end of the year, we watched Hive go as high as $3 from $1 after hanging around 0.5$ for more than 3 months in a row. This is by the way.

Like I said, most coins have been taking a breather since January, albeit like hiccups after hiccups, not major not minor, same pattern up, same pattern down, but in an almost fully declining state.

If you’re the type of holder that just holds, you’ll be very down now in the value of your portfolio, irrespective of the greens in the markets, it just feels like a temporary relief, you’re just still way down.

But, if you’re the type of holder that puts the bags to work, you’re probably inching closer to break even and be in profit again especially if you’re holding the correct bags 💼.

One of the lessons I’ve learnt in crypto is never to let your bags sit idle, stake it for some APR, lend it out, do something with it, technology has gone past the time of putting ones money under the bed.

The quantity of the staking rewards doesn’t matter, it does, but, the quality of what drips in matters more than the quantity especially as it compounds over time. Ofcourse having both quality and quantity is not impossible.

Crypto markets have been having jolts of excitement as it’s been showing signs of gradual recovery, signs of an impending alt season, sounds all nice and good but do you know who is going to sit out this alt season? People who have only held their bags and have done nothing to grow it by either DCA’ing, randomly buying or staking it will sit out the alt season

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Why? Because, most alts are presently a far shot from their last all time highs, certainly there are few exceptions like LUNA and few others. People who only held their bags have the same quantity of coins they had months ago as they do now, so the price has to get back to its last ATH and pass it before they are back in profit again and like I said, most are a far shot from their last ATH’s.

However, people who have been staking and putting their money to work or have been gradually topping their bags will sit to eat at the table of this Alt Season.

This is one of the many reasons I love hive. I’m able to continually put my bags to work while I also work to increase the bags, come bull come bear market, we keep grinding. Most of my Hive based assets are plugged in one way or the other bringing in returns and compounding.

Whether or not we are in an ALT season is yet to be known, for me, with my bags, I will like to think I’m early to it, have you seen RUNE and THOR lately? Whooosh! Hive looks like it wants to burst. It wouldn’t even touch $0.7 before making a recovery. 😫

It will be so cool if we can maintain this momentum for the next months, it’s going to bring so much relief to everyone. I could use a mega bull run right now.