I sold 400 HIVE at an average of about 0.62 and bought back around 545 at 0.457, which is about a 35% increase in tokens. That is a decent gain on that amount, so I am happy with that. Small trades (comparatively), but it all adds up at the end of the day (month, year, decade). And it is the decade that I am looking at, as after six years in this community, I am only four years away from crossing that ten-year line.
Ten years sounds like such a long time and I remember plenty of on-chain discussions where I was looking long and people thought I was crazy. But, most of those people didn't last and are no longer here, because well, they were not built for it. This is not a disparaging comment aimed to belittle, it is more a fact.
Not everyone is built as an early adopter.
Nor an early majority participant, for that matter. It takes a "special kind" of person to do what other people think is crazy and to believe what others do not believe in. This isn't to say that it always ends up working out for the best, but one thing is for sure, not everyone is cut out to take the risks, especially when they are risking more than their own lives and money, they are also risking their reputation and social standing. Everyone laughs at the crazy crypto guy.
Until they retire 30 years early.
Over the years I have heard a lot of people say they are going to "buckle down" and start investing themselves, but it really is just empty words for the most part. What they would likely be better off doing is being a bit more honest with themselves and realizing that they might not be the kind of person to do what it takes. There is no shame in this, and it can lead to a far more social approach, which will likely be better experience all round.
But the potential for making some money is a huge attractor, but it is also something that can make a person feel like a failure when it doesn't happen as they might have hoped. Seeing other people succeeding where we fail can leave us feeling bitter and demotivated, which obviously doesn't play well into the hands of long-term participation.
And perhaps this is one of the reasons that crypto people are ridiculed by the nonparticipants so much, because they are a constant reminder that there are people willing to take risks that they are unwilling to take. They hope the crypto people fail, but secretly they wish that they were brave enough to be part of it, to roll that dice. And in the back of their mind, they are always questioning themselves - what if they are wrong? What if that crypto nut is correct? And those in crypto have a similar voice of course, questioning whether all this really is just a scam. No matter how many times the numbers are gone over, no matter how many potential benefits and developments are made, that question is still there.
But there is a difference between the positions, because the crypto nerd can lose, but they also have a ticket to win. All the people who are not participating can't lose on crypto, but they also can't win if things go unexpectedly well for the industry. They have no ticket, they just miss out. And they miss out because they were scared to enter, not because they couldn't enter. The barriers into crypto are extremely low, there really is very little excuse for most people not to take part.
Other than fear.
So, they have to come to terms with the fact that it isn't that they are smarter or know more, it isn't that they know enough to dismiss it with certainty, because the industry is in its infancy and still developing. What they have to admit is that they are just to scared to enter, whether that is because they fear losing any of their money, or they fear losing their face socially or with themselves in the case of being wrong.
Money is not important and don't care what others think!
We hear these things chanted, but look at how people protect their dollars no matter the upside potential and how people are unwilling to do anything that the majority of their peers are not doing. As said, most do not have the right mindset to be an early adopter because an early adopter is someone who does just that,
What other people are not doing.
And, that is the same for an investment mindset, where what is being adopted is something that is seen to have value in the future higher than it is today and investing into it before others do. It is adopting not only a new technology or gadget, it is also taking on the risk that in the future, there will be nothing in the hand at all - nothing to show for the investment.
At current prices, the trade I mentioned above was worth about 180 dollars and the gain was 65 dollars. For many of the people I work with, that is a day's salary - that is it. And still they are scared to get in with a few dollars to see what it is all about.
In another ten years from now, will people be ready to try?
If you are reading this post, you are already ahead of the curve, but will you still be ahead a decade down the track?
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Beta
I should have bought when it was 27 cents 😿
Still waiting…
Precisely.
Pumps and dump like these disrupts DCA 😩
It seems more profitable to buy the dip and leave it on the exchange and take advantage of trades like what you have done.
But, with a sell and buy back can help it a lot! :D
It is worth doing a bit of everything in my opinion - but not spreading too thin or spending too much time on what doesn't deliver much value.
Nice trade. This pattern happens way too often for HIVE.
Too bad I don’t have enough liquid HIVE to do just that.
Yeah, the Korean pumpers :)
I just converted 450 hive to HBD at 0.57 and put it into Savings ^^
I set a new buy for some more :)
Nice one, that's a good trade whatever way you look at it, well done. I do think many will look back regrettably on chances to invest in Crypto projects, ones like Hive which have huge potential.
And there is such a lower barrier of entry to participate and learn here. Huge opportunity.
Definitely and the generation coming up now are so engrained in their devices that and are that bit more tech savvy that I can see much more users landing over the next few years.
I’m pretty sure my wife thinks a bit of that every day. 😁
Here’s to hoping that she gets to retire early thanks to putting up with my nutty plan!
Make her work an extra year as punishment for not believing ;D
It's true that most people are simply too scared to try and take the leap (Me too I am not yet that brave enough so I only invest what I am willing to loss). Kudos to everyone for being ahead of the curve and having the courage to invest and learn about crypto, you guys also the reason why I am. I do learned a lot of things from you.
Never invest more than you are willing to lose, unless you are really, really confident! :D
I moved a little bit. I wasn't able to scrape a lot together, but I tried. I haven't moved it back into hive yet though. If anything, I feel like I am failing at the crypto thing. Even though I am in it. So many people growing faster than me.
It is hard to stay abreast of it all. I can't keep up either with some people, but hey, it is better to grow than to shrink.
Yeah, that is a good attitude to have!
Different people have different strategies :D
I haven't moved my "flip" into hive again either, I just saved the HBD in the Savings account :D
I'm definitely going to move mine back. I'm just waiting for closer to $.40 or lower. If it never happens, I'm not going to complain about that!
we just need to be in same sphere for 10000 hours to be professional, same its for crypto, so we just need to HODL and stake,earn etc all what we can.
They say that, but it also has to be 10,000 hours of quality training. Doing the wrong thing doesn't help and I think many people believe being here for a long time is enough. Not if not doing the right things.
The gain that you got is pretty good. It is a future guidance for me.
I think any financial decisions always involves risk. Be it crypto ir something else. Crypto is still quite unbelievable for many people, so they are reluctant to join. Yeah,the fear is at play
Every movement is risky, no matter what it is. Staying still is a risk too though :)
Aaaaah! The risky life, we all have
That's a pretty good trade. I traded some, though not as much as I wish I had. I was happy to power-up 1000 Hive for 2/1, but if only I had had that for the pump! Ah well, any is better than none, eh? A buck here, a buck there. It adds up either way.
I agree with what you wrote. But more generally, I think people who are first at something are nearly always ridiculed. First in crypto, first to move to a new place, first to try a new fashion, etc. We as a species in general don't feel comfortable going against the group, so when people do go against the group and try something new that the others are not doing, they get mocked for it. Eh... human nature. Silly humans.
In another ten years.... Hopefully we will all be crypto rich by then. Moon! ;) (But if not rich, then at least continuing to improve our positions)
Precisely. Those who are now celebrated for changing the world, were laughed at and got told they couldn't.
I am not even sure what rich is anymore, because so much of it depends on crypto for me, but rich tends to be calculated in fiat.
Yeah I'm the same. Hence I qualified that with crypto rich. At the same time, I wonder if in the future this distinction will matter. If enough places start accepting crypto, I will (and I imagine many people) will just stay in crypto most of the time. Ah.... the dream.
Why is "not built/made for" seen as disparaging?
In a world of "equality", people seem to think that if they are not made for something, it is unfair. :D
Oh yeh I forgot that some people expanded equal opportunity to the point of I don’t understand anymore 😅
I also sold some hive at 0.6$ and bought lsk then sold them and bought hive again at .48
Decent gain!
Yeah 🤑
Thats a nice return, I've been playing around with a few Hive on an exchange it is well worth it but the Tax implications are a factor one needs to include which sucks 😝 argh life, never let's you get a head
Yeah. The taxes suck. It is almost like the economy is rigged...
Oh I can not like this enough let's sum up the past 3 yrs.
save business spend money
stop spending money, raises interest rates
They hope the crypto people fail, but secretly they wish that they were brave enough to be part of it, to roll that dice.
This kinda sums it up I feel.
One day they will realize - when it is too late :)
Nice, a good bit of profit with this sum. Knew it would come back down. Unfortunately, I don't have any liquid Hive at the moment, wasn't able to take advantage.
Next time round then!
You have to plan the trades in advance though.
I was asleep during most of the pump and woke up to find most of my hive-engine tokens had crashed as people frantically sold them to get liquid hive.
Lesson learned not to put too much into layer 2 tokens, and to have liquid hive already placed in sell orders to take advantage of pumps.
Never sleep!
;D
It is always good to have a little liquid and, some high-ball sells set and, some low-ball buys.
Hehe I am ahead of the curve!
I think most people aren't really into understanding finance or cryptos, they just want to know how to make quick profits, and this sometimes lead to them to invest only when they see everyone talking about it, be it among friends or even in the mainstream media.
Most follow the crowd and then wonder why their results are average.
When Hive shot to 60c I started to power down, realized it is a mistake not to have any liquid HBD at all that one could easily take advantage and make gains
The best thing to have done is to buy when it was in the 20s ;)
I hope that after another decade I will still have my eyes and hands. So I should be here still.
But maybe after a decade hive will be so popular that we will no longer be ahead of many people.If getting ahead now, not many would be able to get ahead later if popular - it would cost them :)
I really like me to stack more just like you ,but some factors keep holding me ,I need to solve it with the little I have but I believe things will change
Posted Using LeoFinance Beta
The best way to stack in crypto is to have a decent job in real life and use it to buy :)
I think those who find cryptos ridiculous will just be looking at behind the train that has already set off.
I suspect so and eventually, they will all be forced in. Like all the people who said "I will never carry a phone"
I was so surprised and happy the other day to see Hive at 60c, then had to go out and totally forgot to flip it back to HBD. Guess I still need to train myself to be more sensitive to these price changes and act quicker. Will get there one day
Yeah, and the times they pump are not ideal. It is probably best to set some higher sells and lower buys and forget :)
Early adopters get rewarded the most but they are also taking the most risk. There are a lot of things that can stop something from taking off but I don't see any reason to not have at least some exposure to crypto. After all, both time and price will matter and I think it will be proven in time.
Posted Using LeoFinance Beta
It is funny how people waste so much on useless, but can't put even small amounts into something that could change their lives
I was having a look back the other day at older posts searching for something and I happened to notice the make up of the comments. There were some familiar faces but a huge amount of the die hard cut me and I bleed the chain types had just left. It truly takes some determination to stick it!
:D :D
Yep. There are plenty of these types who have just disappeared. Onto better things? Perhaps. But likely, not.
Yeah, I doubt it. They just make it looks bandits with their undying love for the chain them run and sell 🤣
This is one of your best posts.
A lot of people don't really understand the possibilities of Hive, the financial possibilities here, compound interest in investing. It's sad when people collect crumbs, cents from publications and then leave.
I have sold 20000 HIVE on this pump. I have 40000 HP. Exchange Hive-Engine. Splinterlands pools. All this brings good interest income.
P.S.
Leave more liquid HIVE in your wallet, otherwise I will become a whale before you :)
That is a great sell. I didn't have more liquid :D I should have used some from H-E as well, but bought some Splinterlands stuff instead :)
Just keep them liquid!
:)
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Somewhat ironically I'm here because Hive is so incredibly powerful. At the same time I'm far more heavily involved/invested in Splinterlands than the rest of the chain because I recognise that many people just aren't smart enough or curious enough to comprehend the power of the chain. They'd rather be distracted by video games.
I sure wish I had listened.
I read it. You said it. I didn't get it. I do now.
Better late than never ever. 👍