I'll admit during this last crash I had to check myself in terms of kicking out my emotions and remember to buy more and stack more while markets dipped like crazy. I'm human though just like any one of you (I hope haha) and emotions can kick in at any time which often lead to bad decisions in terms of finances.
The USD Demotivator
As the markets dipped the last few weeks and no rally looked like it was coming any time soon I'll admit I got a little sad and unmotivated. But that's when I started changing the way I looked at things.
Everything at the moment is set in USD value in terms of giving crypto "value" if the USD value goes down it looks all down and sad as if the world is crashing down around you. But if you look at amount of crypto tokens earned and remove the USD value from it we can see it's actully higher than it was before. This is especially true on platforms like LeoFinance.io or any Proof of brain system. Lower prices means many people cut and run or simply get unmotivated and leave. The same amount of rewards have to be pumped out though so that that equates to is a higher portion of the reward pool for you.
The Same For DeFi?
You could almost say this is also true for DeFi. Great trusted DeFi platforms like CubDeFi.com still produce the same amount of tokens (CUB) every day. But will less competition in pools means you now hold a higher stake weight in that pool thus earning MORE cub for when the markets pick up again.
Luckily for me I had been stocking a crypto asset and was able to swap it early this morning for another 10 8 CAKE which I just dropped into CubFinance Kingdoms. This now earns me MORE CAKE plus CUB on top of it.
What It All Means
This is just a friendly reminder to keep your emotions in check and out of your finances. When you start feeling a certain way I can bet you a vast majority of others feel the same and are impulse selling or buying because of them. By being aware of this you can check yourself and do the opposite which more times than not has a possitive impact on your finances.
Posted Using LeoFinance Beta