All I can say is it has been a bit of a week hasn't it? I heard a rumor that the stock market has taken a dive and quite honestly, I haven't even bothered to check my portfolio lately. From what I have heard, there isn't much point. Things are slowly getting worse and worse, but in time they will recover, they seem to always do that.
In the meantime we might need to call in the sewer service while things are in the crapper! Personally, I've been making some moves while the markets are in this recent consolidation. Mostly on the crypto side of things. As I said before, I just leave my stocks and mutual funds be and keep throwing money into them before taxes so I never miss it.
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the community.
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If you hadn't noticed, the price of Bitcoin recently touched below the $80K range. It seems to be up a bit now, but I wouldn't be shocked if we drop back down to that $70K level at some point. I've heard the 200 day average or whatever it is called is $50K, but I don't think we will drop that far. It seems all it takes is one piece of news lately to tank the markets. The FUD game is still strong. Actually, I take that back. I don't think it's FUD this time. I think it looks like FUD, but really it's just some well orchestrated manipulation at levels well above my pay grade.
Credit where it is due
I wanted to share with you this great post from @tarazkp I read the other day. You can find it here. It mainly has to do with the distribution of wealth, and numbers/percentages that we have likely heard countless times in the past. It was the analogy he used comparing that same wealth to oxygen that really hit home with me. In fact, it was probably the most poignant thing I have read all week which is why I am talking about it here.
If you happen to read the post and you take nothing else from it, remember this quote:
"When it comes to wealth distribution, we are doing a pretty terrible job of it. If wealth was oxygen, 1% would be fine - 9% of the global would be gasping for air - and 90% would suffocate."
Now, I don't know how accurate those numbers are. I also don't know if he got them from somewhere else or he came up that himself during his research, but the impact is the same. It's pretty crazy.
In fact, I like this quote so much, I just shared it on my legacy social media.
Splinterlands
Apparently, some big things are coming for Splinterlands. Most specifically with land. I will be honest and admit, I don't really understand any of it. What I do know is that I am going to be at a real loss when it comes to some of the resources required. I only own six or seven plots of land and many of them produce the same resources. I have a feeling there is going to be no way I can keep up and eventually I am going to be forced to dump my lands.
Perhaps someone who understands it better than me can let me know what is up. I'm willing to learn, but I'm not willing to spend more money!
Speaking of money... My SPS validator node is still up and running through Monster Market. I've fallen from the 56 range to the 67th spot on the list, but I would also like to point out that I running my node through MonsterMarket I have missed 0 blocks in the past week. That's better than some folks are doing.
It also looks like that one node has earned me about 225 SPS for the full week it has been running and 55 vouchers. It's not going to make me rich, but it's not too bad either. If you want to vote for me, you can place your ten votes here, just scroll down the list and look for Bozz. Please also consider giving @monstermarket your vote as I wouldn't even be on the list if it weren't for them.
HIVE Moves
In case you haven't noticed, the recent downward trajectory of Bitcoin has also seemed to drag down HIVE quite a bit as well. I'm not sure if we fell below that $.20 mark, but I feel like it could still be on the table if BTC takes another big hit. In preparation for that scenario, I pulled another 1000 HBD out of savings the other day. I'm going to let it sit liquid and if HIVE happens to fall below that $.20 mark I plan on moving it into HIVE.
I still have my fingers crossed that alt season isn't cancelled and we are going to see at least some kind of pump later in this year. When that happens I will be moving a good portion of that HIVE back into HBD. Depending on how much I have, I might decide to power some up as well.
Fingers crossed it all works out for me. If not, I put it back in savings and I missed out on maybe 12.5 HBD in interest. No big deal.
Taxing Times
These are definitely some tense times. I'm really thankful that crypto is more of a hobby for me and not a full time job. I'd be a wreck if that were the case. If you live in the US, we have just about a month left before taxes are due. Be sure you get that taken care of. I had my brother in law do mine the other weekend and wouldn't you know it, I am getting back just enough to almost cover the cost of the lawyer who is putting together our trust. Isn't it funny how that works out?
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