I will be the first to admit it can be really easy sometimes to get caught up on the token price of a community. Especially in light of the cave-diving expedition that bitcoin seems to be embarking on right now. It is dragging everything down along with it.
I've got a page up with the markets, but I am not even bothering to look at my actual portfolio right now. Just seeing the price of BTC tells me everything I need to know.
There was a really good post the other day by the CTP team addressing some of the criticism they have been getting concerning the price of the CTP token lately. I actually misunderstood the post the first time I read it and thought they were addressing the price of the ListNerds token.
It wasn't until I was getting ready to write this post that I realized they were talking about the CTP token. I think it is very easy for people to lose their focus, especially during markets like this. We need to remember that in this great big crypto world, Hive is still actually quite small. Then, when you add on the second layer tokens like CTP and LEO, the circle gets even smaller.
When you are solely focused on the price of the token, it is easy to forget all of the other stuff that is going on in the community. Leo is a perfect example of this. If people were only focused on the price of the Leo token, it would be easy to ignore all of the great stuff that is happening on the platform.
A new mobile app being launched, CUB, PolyCUB, Project Blank, Leo Infra, and many more. All of these are huge things that add up to a great project. Despite the price.
The same can be said with the Click Track Profit team. They have been working hard to bring some awesome marketing tools to the users of the platform. The latest and most exciting (in my opinion) being ListNerds. You are probably sick of me saying this by now, but the amount of extra eyes and engagement it has brought to my blog is nothing short of amazing.
I was actually at a point where I had felt I had kind of plateaued in terms of followers and new people visiting my blog. That has all changed now. It is really exciting and encouraging.
Does that mean I have to be happy about where the price is of the token right now? Of course not, but it's not the CTP teams fault. Trust me, if you want to blame a team for something, I can point you towards any number of projects on the Hive blockchain (past and present) where the team definitely deserves the blame for the price of their token. CTP is not one of them.
Now, before you point back to my recent post where I said I was concerned about the price of the ListNerds token and you call me a hypocrite, let me be clear.
That post was solely talking about the LN token, not the CTP token. Full disclosure, I do plan on selling some of the (LN) token, but the portion I plan on selling is 10 to 15 percent of what I have staked. It will likely never be greater than that. Especially given the increasing amount of awards I get for staking the token. If anything, the percentage will actually continue to decrease.
My ultimate goal is for my earnings from Listnerds to pay for my monthly fee and maybe some investment in other projects on the Hive blockchain like Splinterlands or anything new that catches my attention. We all know markets will market though, so who knows what the future holds for the LN token. One whale could decide to liquidate and hit the token with a massive loss.
Anyway, I just wanted to write a quick post reminding everyone that we need to keep our focus and not let things like token price cloud our view on all the great things Hive and it's second layer projects have to offer. These communities are so much more than the price of their token.
If price is all you are worried about, go buy some memecoins
Sports Talk Social - @bozz.sports
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If anyone is putting new money in then now is a good bear market for buying.
I have a question that you may be able to answer.. I see that I get weekly payouts of LEO for holding CUB. The reference memo says something like "Thank you for staking cublife" or something like that. The only thing is I don't see any cublife in my token wallet. Do you have any idea why this is?
It's listed under CL. You have 1.095 of the tokens. You probably don't get much LEO per week, but it should drop on Friday nights.
ummmm.. .029 Leo payout to be exact! hahaha. Thank you for the info. I see it now.
You are right, focus is so very important, one could loose everything without one, thanks.
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Im not really looking at the fiat price but care what price the layer 2 tokens are in Hive. Hive I know will rebound 1 day.
Is that the correct CTP article link? It is to an article in 2021?
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Yeah, I think so. They reposted it because people are talking crap again I think.
CTP is surging though. huge demand.
One of the reasons I think people should hold List nerds and many other 2nd layer tokens is that their is not much volume in trading which I think should be expected with a new token. hopefully that will change after a few more months.
Great post.
!CTP
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Right now it feels like we could be looking at years again...
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hey do you still play million on mars?? xD
No, not really. I still have most of my assets, but I have been trying to sell some stuff now too while the price of WAX is low. Too many changes happening too quickly and too many sales. They have to be billionaires by now.
Oh damn, well then you're about to miss some free lands my man haha
I just go into MoM a few days ago and just in time for the Fractals event.
It's been pretty crazy, everybody be scavenging for fractals and so no one does jobs anymore 😂
I'll have to login and see what is going on. I still have a bunch of lands that I haven't opened yet.
Hehe Yeah you should man, I bet you have a lot of gen 1's there, those sell for a lot.
Define "a lot" :)
Very difficult to control people's doubts about the team and the project. The important thing is how does it affect me? Personally, after reaching that 5,000 staked CTP on ListNerds, time to pay attention to growing my CTP stakes on ctptalk.com.
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I have the miners, so I get a fixed amount of CTP every week I think it is. Other than that, I just use the tag when I can.
Yeah, CTPM is also one of my targets. 100 perhaps is a good start.
Focusing on the price of a token is employee thinking. You do the work, you get paid a fixed price.
You create content for your own business on Hive. You are a business owner. An entrepreneur. Think like one.
A business owner understands that revenues vary. Costs vary. And hence income varies.
Create value and the price will take care of itself.
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Sadly, most people won't shift their thinking to accept that. They will just keep crying about the price of the token.
It's amazing how we easily get our eyes off the bigger picture, concentrating on the side mirror and rear view mirror instead of putting more focus on the destination.
Price is one thing but it isn't all as the future is far better off than now.
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Let's hope so. Honestly, anything is better than what I am seeing today! :)
Definitely, it would happen in due time.
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lol
That was the fat point of this post! 💪
!CTP
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You are right, @bozz. We need to look at the bigger picture, not just today's market.
People always get restless during the bear markets.
!CTP
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It's normal I guess. I find myself there sometimes too. I just don't stay there as long as I used to when I first started in cryptocurrency.
The price of Hive has been falling and I take this opportunity to buy more on dips.
Smart move!
I'm always impressed with your following and find myself in similar situations. The process does take away some motivation, but bear markets are a great time to make good friends. I think we met in the last bear market.
I think you are right! I am a pretty loyal fella for sure! Have you tried the Bell's Rind Over Matter? I was expecting it to be like summer shandy, but it is actually quite different. In a way that kind of grows on you...
I have it! it's part of my summer beer rotation. I have been crushing lil huma, light hearted and lo cal if you are looking for some lighter alternatives. The huma and light hearted are IPAs so you might not be a fan. Lo cal is a great wheat by Bells.
I want to try the light hearted sometime because I actually don't hate two hearted. Usually if I am going to drink an IPA though, it is Elvis Juice.
This is the time where it really test whether someone believe the project or not.
Things are low now but I truly believe they will rebound. Thanks for sharing.
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Looking at the price of a token you get paid in is "employee thinking". An employee gets a fixed salary (assuming you are not in sales and on commission).
An entrepreneur, a business owner understands that revenues vary. Costs vary. And as such income varies.
Create value and the price will take care of itself. Do not give in to FUD!
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