Funny I was thinking about a couple of these things just yesterday.
I am watching the crypto run and was considering hedging out a little like I always do. Then there's the fomo from selling too soon and wondering how high it will go and miss out. That's why I have $ ready to buy back in at any time on exchanges from the high sell and always have some in Crypto to grow. Much less of a roller coaster when you can get out at the high part partially and jump back on when it is lower. I am just hoping to be heavy on the crypto when the next big pulse comes and hang on!
Whenever I think interaction and engagement is low or negative, I take that as a sign that it is time to branch out and do some networking again. Find people who I haven't met yet that at the builders and community members for life. Amazing what happens when you spend some time looking into who the other big builders are connected with and who engages with them. When people start to bitch about how bad things are, it reminds me every time of the losing party in the American election claiming they are gonna move to Canada. ;) That is not an option and giving up on your country because the other color won this time is not the answer.
That FOMO is tough! I always experience a little internal psychological pushback as I'm DCA'ing out during bull cycles but in the long run I'm never sorry I did it. I think I'm done with alts after the last bull cycle (except for Hive). I've parlayed some gains from previous gains into boring traditional investments, just so I'm diversified. Hopefully that doesn't backfire. No one really knows how AI is going to change the global economy. I've been hearing lots of people talking about total consumer debt cancellation and a complete restructuring of the economy. If that happens I'm guessing most traditional investments will take a huge hit except precious metals and such. I wish I had a crystal ball.
That's a good strategy to network during times of low engagement. I wish I had more time to communicate with people outside of Hive, in chat groups and such, but there never seems to be enough time in the day.
When people start to bitch about how bad things are, it reminds me every time of the losing party in the American election claiming they are gonna move to Canada. ;)
That's a good example! Hive is a unicorn (but people inevitably develop amnesia in this regard). I've tried several other platforms for my writing and, even during slow/turbulent times, nothing comes close in terms of rewards and engagement.
Yah I just can't quit Hive. I am sure there are other platforms worth attention but I have that @tarazkp superpower of stubbornness and consistency. ;)
Glad to hear that Hive is the place to be as imperfect as it always will be.