I needed only 3 months to create the next Walk & Talk Series video... :) After that video, I began with the #HHHLive show in the Ecency Discord show which took some of my free time (and free "slots") that I was using for these videos... But, I don't regret anything... The show had its 10th episode today and we had a lot of fun... But, that's not the topic of this video...
It is December and we still have great weather in Spain... The only problem is that we have shorter daylight time, but from a couple of days ago, it is getting better... Days are longer and longer... :) I got on my walk a few days ago and as in the good old days, I decided to record some of my thoughts that I had in mind... Sharing it with you in this video and I hope that you will get some value from it!
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I was in a "rumble mode" as I went through a couple of topics, but don't worry, the video isn't too long... We had a bear market in 2022, and in 2023 the direction changed and we saw some positive news in the crypto markets... All that reminded me of 2018-2019, exactly 4 years ago, when we were at the same point of the cycle... I was stressed, I was anxious, depressed... Today, I had a completely different "feeling"...
Also, in the video I shared my thoughts about early retirement as that is one of the plans that I would like to reach... But, it's not as easy as some Youtubers are presenting...
Speaking of that, I shared my view about certain tokens and their longevity... For some reason, we think that the tokens that we have in our portfolio will go up forever and that we will be able to live from them all our lifetime... The truth is that many tokens that were HOT 4 years ago aren't anymore... Some of them disappeared completely... So, watch out with your bags and "listen to the markets"...
Don't forget to check out the video below!!
Thank you for your time,
~ph~
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owww I remember 2017 and 2018 very very well as well. same as you, I felt like WTF! spent so much time in crypto but all value decreased to rock bottom, perhaps just a handful of dollars in my case. wasn't a great feeling. well, it was a bad feeling. and then I moved away from crypto rather than continue my activities on HIVE and its predecessor. that felt better, though also with all the shizzle happening with bid bots, downvoting cycles and all that didn't give me a great feeling as well, but I continued. something to do with this idealogy mindset I have for HIVE, blogging with direct rewards, and all that.
regarding how to get to early retirement. so true this is only for a few. well, perhaps still for quite some peeps, but percentage-wise it is a few. has always been like that and it always will be like that. I think different methods can be applied to try and get to early retirement. one is the follow-the-money method as you explained in the vid. I would say, another method can be applied as well, which is indeed the 1000x tokens. perhaps a bit more difficult to follow the money method though. since in the 1000x game, one needs to spread investments a lot. also, one needs to figure out about the project/team/token and all that without much history while most of the projects/tokens will be abandoned by the team in one or the other way. so, such an approach takes tons of time. while the results can lead to bad feelings due to yet another 1, 2 or 3 teams not delivering what they promised, or simply walking away. Or some hacker stealing the money (note: I've seen more often a team dev running away with as much funds as he (likely he's, not she's) could grab than a real hacker, an outsider, who was able to steal funds). anyways, over time we can learn to accept this to happen. at least I was (and still am) able to do that. seen good money going down to zero in an instant more than a few times. on the other hand, seems a few times small to nice money 100x-ing with some of those tokens still able to do another 10 to 100x. time will tell when this will happen. and true, one shall not stick to a token since longer term, nothing is guaranteed. big ass chains can get to no usage when some other chain comes around the corner making a step in the right direction and making web3 applications simpler for the user of such applications.
a small investment I made into a new DEX over at BASE chain, based on some big ass HIVE user, got 'hacked' not long after its launch. well, not hacked, one of the devs ran with the money. just before Xmas, the main guy returned back to TG and said: now its time to continue. fortunately, I got myself 20x more tokens when the MC was like 50k$. still a gamble, but a gamble worth it. also, I didn't use more than the funds I would need for a good Xmas dinner in a class-A restaurant. a dinner I enjoyed for 'free' this year since I was with my mother and stepdad, therefore I had this money saved, so to speak.
am not at all into MEME coins and never really tried them. but recently over at this newish chain, I went into this MEME token just after launch. launched with just a marketcap of 1$. of course it wasn't that cheap for me, but I think I was the 2nd or 3rd buyer. the first buyer is likely the individual who launched the token. by now that token did 100x for me and something like 10k x for the 1st buyer or better said for the first few tokens bought by the 1st buyer. though the percentage of the tokens I own is not small, in absolute value this token isn't making me rich at all. hell no. it isn't even enough for a nice vacation to e.g. spain. but who knows, anything can change since we are just at the beginning of a nice new market cycle with greens left and right.
I would say that HIVE (old chain) kept me sane in those days... As I was "earning" something, even if it was only pennies, I had a purpose... And I do agree regarding the ideology around HIVE... Not what it IS, but what it CAN be... :)
About meme tokens and 1000x strategy... It is possible to do it if you have time to research and deploy/spread your smaller investments to 50-100 projects... 1 of them should hit big numbers... Every next meme coin that moons brings more attention to meme tokens, and even more attention to scammers... I was over-diversified in 2018-2019, and it didn't finish well for me... I will skip going into that method this time... I like slow and steady... 😃
Congrats on that! If you have good info about owners and you are one of the first, then there are no worries about investing... ;) When it hits 5-10X, you cashout your investment and leave the rest to ride... :)
Don't know anything about the owner. Very anon. But I do know that the one launching it did what he/she said would do. Namely, push some tokens in LP and burn the keys of the wallet that owns that LP. The clear statement was made right after launch: I'll burn the keys and then it's all in the hands of the community. No team, No marketing, No nothing. That made me buy some of the tokens, knowing I was so early.
Cyrpto world is evolving day by day, there are so many coins on different blockchain platforms and most of them die as money gone. Your tips are great to overcome market FUD and FOMO and to reach a state where one can decide whether crypto is good or bad for it.
I building my portfolio to have more HP and reach a level where I can become a Dolphin, it will take some time and so I don't think an early retirement here would be a nice idea.
BTW, why do dogs bark at you. !LOLZ
I made a mistake 3 years ago as I had too much conviction that tribe tokens would do great... Because of that, I moved my focus to them, instead of building my HivePower... Lesson learned! As I can see, you are doing it right! :)
That's their job... Protecting their territory... As the road was narrow and close to their yard, they barked :)
I just focus on tokens that I need for games, and they have some utility, otherwise most of the tokens are just for fun or tips.
Thanks bro
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I think it's good that you are not anxious and it hasn't been too long since I entered crypto. I hope to have an outlook similar to yours in the future. The tokens will a lot of hype tend to be the most dangerous though and I try to avoid them. Solana doesn't seem like a chain I want to deal with after the SBF/FTX involvement in the past.
That's always a great indicator... When I hear about some token for the first time from someone who isn't in crypto, I know that it's a scam with a lot of hype... 😃
And regarding SOL, I wasn't a big fan, but nowadays, I have a different look about it... SBF was a cancer of a healthy and quality chain... Cancer is successfully removed, and the SOL life can continue... :)
The weather looks really nice, man. There's something I've been wondering. Isn't it hard to hold the camera like that when you shoot these videos? It looks like a lot of work to me. I even got tired watching the reflection in your glasses haha.
Hehehe... It's not that hard if you do a short video... I do switch hands sometimes... Also, I have a gimbal that I was using before for recording these videos and then the results are much better... The problem is that it's big for my handbag, so I'm not using it that often...
I always love to hear you thoughts, help me a lot.
Thank you! Happy to hear that you find value in my content!
Hmm
You actually said the truth about tokens. Some tokens won’t last forever so it is our job to make sure that we always take note of all our tokens especially the one that is not going well anymore
It's all about swapping from one to another... If there is no development in a token, it's time to find another, better one...
Congratulations for this kind of rhythm - talking while walking.
Donkey is a hit 🙂
I am exactly 4 years behind you.
You started in 2017, I started in 2021. Both around ATH.
For these two and a half years, I have read something, and I think I have learned what my steps will be aftwr 2025.
Like you, I was stressed by the situation after a year(2018, 2022), when I retired from daily chart viewing and my portfolio sank by 50, 60, 70, 80%...
But I did the right thing. I didn't sell.
As they say: You only lost money when you sell for less than you paid. until you sell, you have the bag,
And what its value will be depends on several factors...
Hehehe.. Thanks for the comment... Donkey is a star! 😂
Actually, I was in early 2017, mining ETH before the ATH in December 2017... In those couple of months, I have reinvested most of the profits back to the mining rigs and didn't take profits at all... I paid the price in 2018 and 2019... As I was trying to live from crypto, it was tougher than I expected... It isn't easy to find income sources in crypto when you are in the bear...
That is a good thing... Now, if we go into the bull run, it's time to take some profits... ;)
Cheers!!!
You are so lucky with the weather. It's so cold and grey here! Haha nice T-shirt!!
Thanks for sharing your thoughts, cool that you have completed a nice cycle and I would say that 2022 was the tough year and 2023 was the start of the bull run so it should have been a great year or? I guess only most people didn't think it was a bull year until the 2nd half ..
I know you said you don't do meme tokens, bit I think you might want to reconsider the WIF token, the dog actually has a hat with this one.
hahahaha... I heard about that meme a few days ago... Did it go up lately?? Did I miss the chance to be rich? 🤣
If the cycle repeats, we should have a good year... But, the cycle had to break once as the impact of BTC halving is smaller and smaller...
Positive thoughts... positive thoughts... 😃
I trust in the cycle. Stay strong!
glasses you are wearing are awesome.
hhahahaha... Thanks... Actually, I borrowed those from my son as I scratched mine... 😂
I was here to enjoy nice weather!
Hahahaha... I'm glad that you enjoyed it! 😂
I am not sure about other cryptos, but I believe that HIVE might support early retirement of any of us.
By the way, the weather has been great in Istanbul as well. Seems we will welcome the new year om a warm day :)
You can check out the video at the end of the post and share your thoughts on it... What you read is only the description... 😉
Cheers!
As such, the time that has passed has been an opportunity for all those who have knowledge of this market and know what the next two years are, and those who have bought in the last two years have the wisdom to do so. The next two years are going to be very good for these people and their money values are going to go up a lot for the things they have bought. If there is a good project, it will change their life.
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