At last, after waiting for four years, the bull market phase of the cryptocurrency cycle is here. It has been torturous, yet the austerity of poverty is good for the soul. Curb your lust and greed, and all that kind of thing.
So now I should be going to the moon. My portfolio should be gaining value. Except it's doing the opposite. It's going from bad to worse. I'm actually getting poorer.
Thankfully the past four years of austerity has broken my attachment to profit or gain. I'm used to being poor now, so I don't care any more.
The shock and horror of seeing my portfolio collapse in value has built up such a degree of detachment that I'm now immune to loss.
I'm free. I've been liberated. This is so uplifting. And just in time too because the entire altcoin industry is collapsing still further into insignificance.
Just when I thought prices could not possibly go lower, they crashed and lost double digit value. Detachment of a monk is the only way to cope. Otherwise you go mad. Some commit suicide.
But not me. I trained for a decade as a monk in my twenties in the ashram of my teacher, so I'm fully prepared for this loss. I've always had a powerful stomach, and ability to eat like a horse. So I can handle the draw down, the gut wrenching crash in savings.
Thanks to my training, I can walk away from this crash site of crypto in tact. This is my anti-fragile stance. Any attachment to the outcome will only cause max pain. What a liberating feeing watching all the years of hard work, austerity and saving evaporate into nothing.
The goddess of fortune has truly blessed me. Some may aspire for wealth and pray to Lakshmi devi for money. Those are the people with limited vision. The goddess may indeed bless them.
However, if she really wants to bless you, then she does the opposite. She takes away your wealth. In that way she paves the path for you toward a far greater treasure, namely liberation or moksha.
That's if you believe in an afterlife of any sort. Theories and faiths abound about something like that. I've seen no evidence, so your guess is as good as mine.
The good thing is that I have immunity though, to the current market collapse and loss of years of accumulated value, especially here on Hive, but among all my crypto altcoin holdings.
I swapped all my bitcoin for Hive coin years ago thinking I could earn interest by staking and writing blog posts and all that, but that was the worst decision financially. I'm a fool like that.
All that Bitcoin value has crashed and burned over the years here on Hive. And all my other altcoins are similarly rekt, though Hive coin is the worst. So I'm the biggest loser, thanks to investing in Hive.
It's a good thing I don't really need money. I'm a monk. I don't need anything. Freedom is preferable for me. My health is great. The weather is awesome and mild all year long. There is no disease. I have no dependants. I'm free.
This crypto investing and attempt to earn Hive by writing is all just a side hobby to pass the time. It's all play. Any profit is just an extra. So now that I've lost most of it, that's insignificant. I'm used to eating rice and vegetables. I need little else.
The most valuable thing is peace of mind and good health. Along with the real treasure on knowledge about consciousness. Being a material lover is only painful if you're attached, or if your sense of worth it's based upon external material effort or profit.
I need none of that to feel fine. I learned that in my decade as a monk. After leaving the ashram of my teacher back then, I felt so enriched and fulfilled with wisdom, insight and meaning, that life was just fine, as fine as life on this earth planet can be at this stage in history.
I had zero money at age thirty, leaving the monastery, but I felt happy and complete. Since then I've had an easy life, like a holiday at the beach.... literally. And money came easily to me, for food and shelter because my needs to be happy were so few.
I wonder how many other people can say they are so detached, don't need much, have such an easy life despite losing most on their earnings? I'm the lucky one. Most people would love my life, can only dream of living the life I've had, my holiday life by the beach in this endless summer.
The best thing about losing all my savings by investing in Hive and altcoins, is that it has prepared me still further for death. The monastery yoga mediation ashram training for that decade gave me the perfect perspective of reality. Life is a preparation for death. We lose it all in the end anyway. Clinging will only increase suffering.
And now Hive and the altcoin collapse has driven that point home still further and strengthened my ability to laugh it off. The goddess really has blessed me by freeing me of my attachments and thus opening my path to liberation.
How are you taking your loss here on Hive?
Image: https://pixabay.com/photos/dollar-burn-finance-currency-money-4420539/
" I swapped all my bitcoin for Hive coin years ago thinking I could earn interest by staking and writing blog posts and all that, but that was the worst decision financially. I'm a fool like that. " - I collected all my HIVE for a total of 9 years by posting cent by cent, + i did it all on ONE PAGE and no fake pages .... and now that I am at the year where I have to use all this coins what I collect, I have no more value.... and I look around and ask what I did wrong.... Basically nothing, we were just lied to that we had to play a long game, but that was also a plan to take everything from us smaller users in slow mode ... I really feel what this sentence means what you was text , because I have come here 9 years doing everything as our creators tell us to play long game and I was lost all .. and i ask now all time " why me , why not them ? " , I did not have 100 bot pages and 30 other pages here and there 🤷♂️🤷♂️🤷♂️, AND those who used several different pages and Bot systems are still on a good meal and + they now have BTC that they used to print with bot pages for years out from as.
Steem/Hive it was like a plan to build something without me having to go to work for the rest of my life and chase bank loans... so I must not show the neighbors who has a better car in front of the house.
but I not have nothing ... in f...k BULL RUN like what f...k
and soon you start see Someone here will soon start text in comments and talking about how it was all your own decision, and it's your own fault, as if you had printed and sold the whole market to death, some commanders are sometimes very funny, especially when a very educated person does it.
Hey there Fox, we are in this foxhole together, quite a few of us, all at a loss in this collapse of altcoin industry, Even the whales here on Hive are down now that their Hive coin is is near its all time low in value.
I would very much agree with you if we had sat on 60 cents before the last drop, but the problem is that HIVE has been sold off by whales in large quantities since the beginning of the year. And last weekend's dump should be the perfect cake to buy HIVE up for them, but they haven't maid it... they still sell it :))) . It's easy to hide behind last week's drop and pretend that nobody has anything, but our whales have everything, and I know many of them have a lot of BTC. Because they have sold us out for several months already.
I don't want to be smart, but even I can't tell myself that I'm not blind anymore, Here's a picture, The blue circle is where the year 2024 ends and the current year begins, and as you can see we've been sold for the whole year, and kept dry all summer without even anyone trying to raise the price and give us a bull market. This last circle - the yellow circle is the place that happened last weekend inside, it is very small compared to the annual sales, if the price had been kept up, we would not be at a low price due to such a problem, but at the same time, those whales who sold everything have not bought anything back - even with the current decline, so the question is where is the money?? BTC is still over 100 K, it has not come down to 70 K so that we should be in the mud, and here it is absurd to say that there is nothing for our whales. Open 5D Charts and you see it yourself .
You make a good point here ser. The Hive whales have been selling all the way to our current all time low, or close to it, around $0.10. My only consolation is that the dump is in all altcoins, not just Hive. The entire altcoin market, except for privacy coins, is showing no uptrend.
Sorry for your. I never owned Bitcoin... I am all in alts as well and it's such a disappointment.
Hey there Ace, there must be numerous altcoin holders like us who are feeling the loss now, at the very time when the four year bull cycle should be pumping. I still have hope for November.
A couple of years ago, I realized that HIVE was weaker than the top 20 altcoins. My decision was to choose HBD. But HBD will soon approach its peg, so I need to choose BTC, SOL, and other strong altcoins. I won't be leaving Hive, but I won't be keeping significant funds there either.
I feel sorry for the people who spent hours every day posting and accumulating Hive. But apparently that's karma, and as you say, it's not necessarily bad. I hope you enjoy the growth of your coins' value against the dollar in the coming years.
Check out the SOL/HIVE chart. A SWAP.SOL/SWAP.BTC pool will be available soon. Strong coins will rise against the dollar in the coming years. You can exchange your work on Hive for these coins.
Yes, very good plan. Fortunately I did sell some Hive over the past two years to buy altcoins, including some SOL. Ideally there may still be some bull market cycle left in the last two months of this year. But to see all those years of accumulating Hive through work, writing and effort, all now worth pennies on the dollar...
Fortunately it pushed my to refine my writing and create lots of original content as a legacy. I like writing and Hive inspired me to chase money via writing. Now the money is almost gone but the writing remains, over a million words, with more to come since the habit is there now to write as a creative outlet.
Today, the swap.btc/swap.sol pool appeared on Tribaldex. I think this is a good choice for two strong coins from the top, for the long term.
Thanks for the insight, let me check it out.
As they say, very simply, is that there's no pockets in a shroud.
Haha yes, I wasn't meant to accumulate wealth it seems, not my strong point.
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