I was pretty happy with this "toothy" image and it will likely come up again - perhaps a better version using a proper macro lens. For those who don't follow, I like to use teeth for my Splinterlands posts, but this is not a Splinterlands post per se, but more in the general sense of investment processes - the teeth are to visualize my personal market sentiment, where I might be grinding them in my sleep, trying to work out whether the market is going to go up or down.
It is anyone's guess, but at the moment, the crypto markets are going up, but it is anyone's guess as to what truly causes it. I do think however that there is some general positive sentiment surrounding the uncertainty in Ukraine, as it seems that even in the news, it is getting less coverage than you'd expect from the threat of WWIII - it seems that it isn't getting enough global clicks, so it is being relegated in the lineup a little.
It is always nice to see some momentary green in the markets to remind that yes, sometimes they do go up, and to feel like gains are being made. What I like about this is that it highlights the impact of buying those dips and even with small amounts, it adds up.
I was explaining to someone the other day who asked what I will do through the bear market, that my goal is to consistently be able to use resources to stack tokens. For example, even if my crypto investments dropped 10 dollars a day, that is 300 dollars a month that I would be able to sink into a bear-market token, which means come bull market, it can go 5, 10, 20 or 50 times. At 10x, it was a 3000 dollar month, at 50 times, it was a 15,000 dollar month. Two years of consistently doing that through the bear and two more years to the top of the bull, and that is a house paid in full, or a couple rental properties - with a little lot of luck.
That would be a decent result in 4 years from today, wouldn't it?
I think that finally I am in a position where I am earning enough from my job that I would be able to consistently invest fiat in fortnightly on a schedule during a bear - but for now, I am not confident that this is the bear yet, so I will wait before starting programmatic buys. For now, I will just do it as I do, randomly here and there.
But, when it comes to crypto resources, everything stays in and while I am not a maximizer, I do try and put some of it to work. This means that trickles here and there are buying the highs and the lows, or stacking tokens, like my investments into Splinterlands are slowly absorbing some of the SPS emissions and sinking them back into the game.
Obviously at some point, I am expecting that most of this is going to be significant to my life and that of my family's, but for now, it is all just a bit of fun, much like a game. It is the best game on the internet in my opinion though, as there is real skin in this game and the potential outcomes aren't for bragging rights of a top score, they are for a completely changed quality of life. A lot of people deserve better from this world and I think that we have to take it upon ourselves to cultivate an environment to enable it, rather than hoping others will provide for us. Nothing in this world is free, including love, which is likely among the most resource intensive of all systems.
So, while I might be grinding my teeth trying to work out what is the best path forward, I am also sinking my teeth into all kinds of things too, in the hope that one day, that payoff will arrive - but I don't see any end to this game, other than the natural one we all face sooner or later. I hope at least there is some payoff before that arrives though.
It has been over five years now and each day I wake up and feel, like I am still in the teeth cutting phase and that I will never know enough, to say, I know enough. I know that some people get confident based on their outcomes, but I am still trying to work out what is a suitable process - like a noob.
Back to the game.
Taraz
[ Gen1: Hive ]
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Yeah, this perpetual bouncing between $38K and $42K has been driving me crazy. I just want it to do something already so we can know which direction we are heading. Good thing I kept blogging through the last crypto winter, so the mental anguish is a little less than it was then!
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I have been meaning to write a post in this subject. Just imagine if you had hibernated instead of remaining active?
Yeah, those people who left and then came back only hurt themselves. Or even worse never came back...
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The people that kept blogging, making friends, playing Splinterlands.... quite a different outcome.
Like you, I'm not sure what my endgame actually is.
At what point do I have enough where I can make enough on autopilot to be happy?
Will I ever be happy haha?
...Probably not.
So the grind goes on :)
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Grinding, grinding - but I will have to one day get something nice for my family - other than my shining personality :D
I hope you find a way - then write a book and teach me.
The bear and strange cycle is weird for some people but it’s wonderful for me. Just keeping on adding to my bags here hoping that one day they’ll eventually work out to be something good for our son and his future family whenever that is.
What’s cool about hive and places like it is that we can invest our time as well as our dollars. I’m in a crypto discord and they are all buying and selling but aren’t investing time like we are here. I’ve offered to help them but none have taken the bite!
It is insanity - they don't get it yet - but they will soon enough. Web 3 is going to be everywhere.
Yeah most of them are into degen projects and shit. If they spent half as much time on that shit in a place like leo they would have some nice funds coming in! Can't convince them all though lol one day they'll be kicking themselves!
One beautiful element when it comes to the crypto markets is that.. knowing more must makes you realise there is still more you need to know and deeper you go into the rabbit hole of discovery, trying to make sanse of what is and all you can do is appreciate the market and continue crafting what ever you wish to build in thw markets
For sure. THe more you learn, the more you earn and, there is always something new to learn :)
Spot on, knowledge makes you less of a gumbler and the investor journey begins. While you apprecite the crypto market and whats being developed
It is true that investing in cryptocurrencies is profitable, as you can multiply your money hundreds of times, but you may lose a lot if market go against expectation, as many people don't study and know currency market and lose everything. So I'd rather collect the coin of many years and sell it than buy it with my money and just waiting.
Also, metal coins such as gold, silver and platinum are better than crypto because the rise and fall are reasonable and known. What do you think?
It often goes against expectation :)
The problem is, they don't travel well and if you don't hold it in your hand, it isn't yours.
Right. Recently we have seen green for short times. I hope the crypto market will increase satisfactorily this time. It seems they will come to an agreement for ceasefire. The FED's decision has already been priced.
My eyes on HIVE, i would like it to hit $1 again.
Hive at 5 would be where I would like to see it head - 10 on a spike :)
That is definitely the motive of pushing success with consistency and hardwork in pushing goals and by doing so the aim is to achieve more than the previous achievement been made before
a little success before death, would be nice at least.
One thing about life is that you have to be consistent and determined inorder to achieve a success.
Mhmm! Interesting. This clearly just states the fact that there’s no ending to the grinding phase even with the constant ups and downs , a continuous process indeed.