Don’t be shaken off, be bullish in the presence of fear. Been slowly adding to my CRV bag. Plans changed.
If you understand supply/demand, then you can’t be bearish on CRV. Simple as that. There’s a good probability that this will eventually be double digits. Look at how many other assets are based around CRV (E.g. Convex).
Interestingly how bullish people were just a week ago compared to now lolol. Think long term, all these frustrations will be worth it in the end.
The range of assets available for trading in FTX has really improved compared to where it was previously. Not planning to get this, would prefer to focus on CRV as I’m already invested in it so I would rather concentrate than diversify. Additionally, CRV has a slightly smaller mcap currently, so more room to grow.
CT is becoming overly bearish recently, which could indicate that a huge disbelief impulse might be round the corner. You can draw as many lines as you want on the BTC chart, but Crypto is a unpredictable market like it or not. Sometimes, when you miss the boat, you either gotta wait a long time or fomo higher.
Sure, macro outlook isn’t great currently. But, macro outlook wasn’t great during COVID crash too… Look at how much it bounced from there.
Disclaimer: I’m not invested in this and don’t plan to
Don’t be fooled by the high yield anons, look at the TVL first. The reason why the yield is high it’s because the TVL is currently low. Think of it this way, more people = lesser rewards because everyone is sharing the same pool of rewards.
The strat to these degen farms is to always be early. Once the yield drops below four figures, it means that you ain’t early anymore.
For anyone that’s interested in this farm, you could click on the link above to read more. Don’t ape w/o understanding the protocol.
Of course, you should research on the team as well and ask questions on their official tele/discord group.
So the major risk here imo is beFTM de-pegging from FTM. That would be catastrophic imo because your FTM is locked for an undisclosed period of time.
I value liquidity hence I’m giving this a miss. Don’t like the idea of my funds being locked. Furthermore, this is not battle tested hence de pegging is a real risk here. Your job is to survive this bear market so you can reap the rewards during bull. Not time for any degen style farming imo.
Additionally, I didn’t have a good user experience plus the vibes that the admin gives off. Something doesn’t sit right. So I’m gonna give this a miss. But this is just my experience and if you would like to go for it, please DYOR!
Bullish on CRV in the long run, still believe that $10 is possible. But given the macro outlook, it’ll prolly take longer than usual.
My primary focus for now is still FTM & WILD. Currently staking my CRV so not in a rush to accumulate.
Used this time to read up more and realised that there are many other projects “copying” the mechanism of CRV. (LQDR, SOLID and etc)
One major difference is that, none of them are battle tested. Which is key imo. Mentioned that I was interested in LQDR, but after deep consideration, I feel that I’ve a clearer vision for CRV.
Not in a hurry for anything as I’m pretty exposed currently. If I were to DCA down on anything, it has to be on a significant discount or I wouldn’t be interested.
I was frustrated at myself for not diving deeper and buying more conviction assets during last year July. So, I am determined to change that. When my targets are met, I’ll DCA regardless. If it’s gonna go down then so be it. Just keep repeating the process.
For those that are interested in knowing more about what the CRV token can do and why it is highly sought after.
After reading this, you’ll understand why CRV supply is actually scarce and that a supply shock is gonna happen sooner or later.
For those that are thinking about DCAing more into your coins, since BTC has already broke down the key support level of 41k. The next level would 32-35k. That level will be the next key support level.
When BTC reaches that level, then it could be a good time to reaccumulate and lower down your average price for your alts.
If you’re in alts with good fundamentals, then sit tight and wait or DCA more. The latter would be a better option.
Remember when you thought to yourself that you’ll buy more when everyone is fearful and prices are cheap? That time is here.
This is the best time to start researching and diving more into the space. Find undervalued projects and don’t look back.