The time and space to hope with a scarcity mindset

in #hive-1679225 days ago

The last couple days I have struggled to get to Hive as much due to the work going on in the home. But, I started using https://engage.hivechain.app/ by @arcange, which is an interface to help commenting and while I haven't explored it all, at a basic level it is very easy and fast to comment, at least on a PC. Not sure if it works on mobile. Worth checking out for sure.

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And then, one of the benefits of having my hands, body, hair and glasses covered in paint is, I don't have my phone on me most of the time. This meant that I was pleasantly surprised this evening (it is 2am now) when I saw that my crypto portfolio values had edged up slightly, rather than the freefall they have seemingly been in for the last few months. I still hold a lot of shitcoins from the old days, and they have been performing true to their name.

But, a few others have even made some grounds against BTC and I noticed that in the latest surge of Bitcoin, they didn't drop quite as hard against it and maintained their position. Does this mean that people are tired of selling their alts? I don't know as I don't spend much time analyzing the markets, but I do hope that we will start to see some positive movement alongside Bitcoin from now.

Hope doesn't count for much.

But, it is still good to be hopeful, as long as one is also actively working toward where they want to be. There is no point in hoping for a different outcome and waiting for it to happen.

As I have mentioned before, not everyone is cutout for crypto and this isn't just to do with personality, it also has to do with the immediate conditions. If one is living in conditions of plenty, it is easier to take risks and patiently look forward to long-term highs. If one is in need with low resources, then it is much harder to manage with the situations, especially the negative.

For those that remember the last highs in the community back in 2017/18, you will know that on the platform there was a lot of positivity and charity. There was value flowing all around and people didn't even care about all the abuse that was going on - just let it ride. That of course changed as the price started to slide and then continue and continue to slide.

When times are good, everyone can manage.

Have you ever been in the position where you are flush with cash and don't mind splashing a little around, buying a round or two at the pub? Have you also held the position where you are at that same pub, with the same friends - but are broke and unsure where your rent payment will come from?

I have been in both situations and the latter more often than I would like - though I don't frequent pubs, especially if broke. It stresses me. Nothing stresses me more than a lack of financial availability and I don't need much. I have a feeling that this has been the case since I was quite young, where I was raised in an environment where the shortage of money was always a focus.

With my own current conditions with the house renovation and the blowouts in budgets, I have recognized that familiar feel of the scarcity demon creeping up behind me and my body wanting to run.

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It is in this feeling that I recognize I am not really cut out for the trader life either and "fantasize" of just selling it all and getting out of crypto completely. Life would be so much easier if I didn't have to worry about how my portfolio was doing. I could just take what I have, pay what I can with it and go on living a life like the 99% who aren't in crypto. They seem happy.

But, are they? Would I be happy to go back to that life knowing what I know now? Or is it that once the red pill has been taken, what has been seen can't be unseen? It is strange to think about disengaging from crypto and it is not a god strange, it is more scary. I have so much of myself riding on the success of a yet to be fully proven industry, that I should be scared of losing what I have - which I probably am - but it scares me more to think about losing my position in the market, even by choice.

In this way, I understand why a billionaire who is judged as greedy because he doesn't retire, doesn't retire. It must be incredibly hard to have invested so much of a life into something for so many years and then just give it up because you are "at an age" that you are supposed to. After all, I think it would be incredibly hard for me to just walk away from all of this and I have only been working and investing into this for less than four years - not four decades.

For me to walk away, it would have to be something cataclysmic in my life, which would mean something negatively concerning my family. In a dire family situation, I would drop it immediately - but economic hardship isn't dire for us, at least at this point. We are just struggling and we know why and believe that in time, we will be okay. This belief it will be okay is a big factor in being able to face up to whatever challenges arrive and be resilient enough to survive.

Just before we bought the house was the last time I bought crypto with fiat, as since then, everything has been poured directly into the house, plus more. But, I am lucky, as this is crypto and Hive and there are more ways to invest than using disposable income - I can invest with my work and earn a little through the holdings I have in various ways, namely curation for me.

This takes some of the fear out of the investment, as what I am losing is time and effort, it is not taking food off the table in any other way, as I am still maintaining my normal work (though Corona has impacted my business heavily) and I can do most of what I do in my "spare" time, which is after everyone goes to bed, lunch breaks and the odd afternoon.

This means that this potential revenue stream is my investment position for the future, but perhaps more importantly, it gives me a psychological anchor that I can use to control my stress when that scarcity feeling arises, as I have the belief that it will "be okay" and I am working toward that end. Having the sense that what I am doing is useful and valuable toward improving my situation, makes me hopeful, as when we work for something, we do it under the belief there is a chance of it actually working, that it isn't hopeless. Even an act of desperation is done with the understanding that there is a chance it will work.

So, while hope doesn't count for much on it's own, combined with activity toward what one is hoping for to happen brings a sense of meaning to what is being done. And when we have meaning, we act with purpose and that is, we invest ourselves.

I am probably not cut out for the crypto life in the way a trader is, as I may have too much of a scarcity mindset which evokes too much stress in me - but since there are more ways to crypto than as an investor, I am able to find a way that not only suits me, but calms and energizes me in a way that allows me to cope with the other stresses in the field. I might fantasize at times about dropping the blue pill and "getting out" but, it isn't that easy when you love what you do - even though in order to do what you love, you have to also cope what you don't.

It'll be okay. I hope.

Taraz
[ Gen1: Hive ]

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Life would be so much easier if I didn't have to worry about how my portfolio was doing.

YES, YES... and YES!

I can totally related myself on this.

I guess many are in the same boat, even if they don't actually need to worry about it. Life tends to remind us what we are missing.

I am not a trader, I don't want to be a trader, I don't even want to play one on TV.

I know a trader fairly well. He trades crypto and fiat. His margins are so incredibly thin most times that I can't even fathom it.

I'm much more a plodder and builder. It suits me.

I think I would have a heart attack trading on thin margins - or at least an asthma attack...

I don't think there are enough anti-acids for me :)

It'll be okay. I believe. :)

Me too :)

Extremely few have what it takes to make money by trading. Sure, anyone can get lucky and get to tell a tall tale of massive profits. But to do that consistently is something that almost no one is cut out for. Yet many try. I just HODL. I sleep better and almost certainly end up richer for it.

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I just HODL. I sleep better and almost certainly end up richer for it.

It is a good way to go, especially if you are able to have a little extra from outside being put in occasionally.

I am so blessed to have arrived in crypto when I was at rock bottom, and then fall even lower, forcing me to give up on my fantasy of instantly being able to live off crypto earnings. Now I work to live and I save what I earn here. I don’t have much invested outside crypto but anything is better than where I was at before and the confidence, practice, knowledge and friendships I made here made it all worth it anyway. The decision to not rely on crypto for anything made me brave enough to take risks that paid off. Trading is not for me, I can’t look at charts all the time, I like community and so hive is what keeps me involved in this space as more than a HODLer and makes me feel confident investing more when I can.

scarcity and abundance is all about perspective. It’s a skill more than anything

Now I work to live and I save what I earn here.

I think this is the best way to do it , as it allows for the development and learning, plus the possibilities that come with work. People want to live off of something - the best way is probably to live off many things. @organduo talks about building at least 7 revenue streams - some large, some small, some risky, some stable. Having a job is useful - not just for the money, but also the social interaction and participation in the community.

Good point, and of course there comes a time when one can have too many revenue streams. I mean small streams. Insignificant streams. Imagine cross-posting your post to most crypto social media sites... I have counted a last year and there were something like 30 or more. Many more this year for sure. Some have taken off while others are dyeing from necrosis or inaction. If one posts to all, there will be no time left to do anything else in the day. But the ROI will be almost non-existent. It's best to re-evaluate your ROI periodically and focus on a handful of projects in the future which show some signs of progress.

Imagine cross-posting your post to most crypto social media sites... I have counted a last year and there were something like 30 or more

There are some that do this and I find it really strange as it is impossible to focus well. Seems to short sell the opportunity. Which is why I also think:

It's best to re-evaluate your ROI periodically and focus on a handful of projects in the future which show some signs of progress.

Seems like Leo is one of such projects ATM, doesn't it?

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Yes investing and crypto can be quite stressful. Sometimes "ignorance is bliss" in some cases. So whereas many don't understand nor know about crypto. They have been in some cases happy in their ignorance not having to deal with the crazy rollercoasters of crypto. The temptation to get rich in crypto is generally but a dream to the financially challenged lol.

The first rule i learned in investing was invest in things you like. Since i've been here i've championed ideas like ubi on the blockchain and experienced more happiness in pushing that idea than losing my money every month from trying to catch the falling daggers of damascles.

My journey is joy because i feel i solve the world's problems i put a sandwich in a guy's mouth. I don't sit up here all day trying to find a way to take another's guy money from him. Doesn't help the world nor solve any problems. There is no price that can be paid for that type of contentment.

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I think that youy are right that investing with some purpose, rather than just to make/take money is a better way to go.

The life of a crypto trader is unpalatable to me. This is probably the reason I never gave crypto a try until I heard about steem/hive. I think for the average this applies as well.

I have thought of leaving this space repeatedly and trying new things but there aren't that many options. I'm not in the branch of crypto that gets you to reach overnight. I am just a content creator.

It's always a difficult situation when you do not have more than can you lose. Even the thing you love becomes a burden

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There are plenty of options, they just aren't necessarily easy :)

Yep, not having enough is always a challenge, thinking you don't have enough is too. I know plenty of people who "don't have enough to invest" yet where I see them putting their disposable income and, the level of income they dispose of tells a different story.

On Hive, creating content, engaging and numerous other things all add up. Hopefully to something significant for many people one day.

Trading is very very very hard. Especially day trading. I've tried myself a few years ago and I lost money and my mood was always down, either because I lost in a trade or because I missed it, so I decided to quit. I realized soon it was 95% psychological and read a lot of books about it. Most of those readings have helped me later on in my everyday life.

Although I had a hard time trading, the investor/trader inside me never disappeared, and I enjoyed it when I discovered crypto and all the possibilities it opened to me. Of course, I don't day trade anymore, but I have invested, Hodled, and done some swing trading since 2017 which was when I entered this new arena.

As you mention, one of the greatest values of crypto is the number of options you have to earn it, besides directly purchasing it with fiat. There are new ones appearing every day. This is the beauty of it compared to traditional trading. You can create a portfolio starting with Hive just posting/curating/commenting and move from there, but even with a small amount of crypto, you can trade, farm, mine and invest in other cryptos, there are many additional "financial" options than what "regular" trading offers you but on top of that, there are additional ways to earn as doing some work for existing or starting projects which pay you with crypto.

Overall, once you enter the game it is probably impossible to get out of it, at least mentally, but the good part is that crypto world is growing bigger and bigger every day and every single experience you live in it, is a lesson to face the coming future and be more prepare it to live it.

either because I lost in a trade or because I missed it,

It is a constant struggle because of this - as the "wins" are very short lived, especially when there are 50% price moves all over the place daily. I think I have to focus my tokens more, and then only track those.

You can create a portfolio starting with Hive just posting/curating/commenting and move from there, but even with a small amount of crypto, you can trade, farm, mine and invest in other cryptos

I have done this over the years as well as putting in my own resources when I can and I am surprised, even at these prices, how significant it is and could be. I have got a lot wrong - but I have also got a little right :)

I think that there are so many ways to earn now, that most people have no chance of hitting the all - thankfully. I always find it weird when a person is chasing every single little gain or token they can.

That is one interesting picture, the picture, (well the words too). So did you use a tripod and a timer? Is it really just the angle of the picture of your wife? Either way, very cool picture.

I do like that I can make a few pennies just playing around on Hive, sometimes I'll find a nickle or a dime laying around also. It all adds up, I remember back in 2018 and my account being worth $2,200 plus, and that was with a heck of a lot less holdings than I have now, I think I was still struggling to break out of the redfish phase.

I don't know if I will ever be an investor as I need a KYC account and I really do not want to go that route just yet. Two more years to go and I hit the five year mark, I'll probably just set another date like 5 years on Hive then decide what to do. In the meantime there are other place to take a little bit of hive and try to make it grow.

Is it really just the angle of the picture of your wife?

yep, just a picture of her with a weird shadow that looks like a photographer :D

I remember back in 2018 and my account being worth $2,200 plus, and that was with a heck of a lot less holdings than I have now

at the same high it would be skimming 50k. Pretty interesting if it gets there.

I tihnk eventually, KYC will change form in some way. or mass adoption will force most people to register....

I trust you would get back on your feet soon. Investment take time to build

I am part of the 99%- the crypto novices 😪. It always seems stressful, the traders work really hard

I am part of this group too! Ha!

THey work hard and lose hard - but when they make gains, they make them big :)

High risk investment ain't for the faint hearted like me

Currently, @tarazkp feels fear and anxiety that his home must be completed before the cold winter comes. Is the Finnish winter cold enough to worry @tarazkp?
I wonder why he leaves warm Australia and lives in a winter country.

In my opinion, he is more suited to a poet and literary than a businessman!
The business that is heartless to him doesn't seem to suit him!
Looking at his works, I reminded me of the little prince's author Saint-Exupéry!

Is he a little prince who still doesn't have his own kingdom?

Is the Finnish winter cold enough to worry

Worry? no. But at -30 degrees, there aren't many people who want to live without heating :)

Is the little prince a book?

Worry? no. But at -30 degrees, there aren't many people who want to live without heating :)

Dear @tarazkp, Is it true that the average winter temperature in Finland is -30 degrees? 😲
IT is the average winter temperature in korea is -1 ~ -2 degrees!
Perhaps in Finland's winter, I will freeze to death.😨

Is the little prince a book?

https://en.wikipedia.org/wiki/The_Little_Prince

Yes, The little prince a book is very famous in korea!

The average is probably closer to -15, but every year there are several days that it will be -20 to -30 in my region. Up north, it can get closer to -40.

I have heard of the book. But I don't read much.

Just so you know - these kinds of comments suck.

Glad to read Engage can be helpful to you.
The application works well on mobile but the small screen size does not offer the best ergonomics.
I am considering working on a mobile version. I just need to free up some time among my other projects 😅