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!!!
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