(Im)Balance Between Crypto and Fiat .:. Recap of Hive Humpday Hangout Ep.35 + HHHLive Show Recording

in Ecency7 hours ago

Hey, guys... Did you miss the last #HHHLive show on Wednesday, December 11th? No worries, I have finally found some free time to write the recap post about it and to prepare the recordings that I hope will finish on 3Speak!!! (Don't forget to scroll down to watch it! We had a great discussion!)


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For this show, we didn't start slow... At 5 PM UTC, everyone was ready and waiting for the show to start on the Ecency Discord server! Maybe that was because we didn't have a show the previous week, I don't know, but it was nice to see all of you guys! The topic was interesting, but we didn't have a lot of controversy or opposing opinions. I was expecting more of that, but it looks like most of the participants are "hardcore crypto peeps!" 😃


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As usual, I have opened the dialogue by sharing my crypto story, trying to explain to others (and to myself too), how I did stuck with crypto! 😃 I bought my first BTC in 2013, and sold it after only a couple of months, with a loss... Left crypto with words "never again!"... Came back in early 2017, mining ETH with GPU mining rigs... In those times, I was more investing in hardware and mining, than investing directly in crypto... What came after, marked my journey...

In my first cycle, I did many things wrong, and probably the worst mistake was that I didn't take profits... As I didn't want to sell with a loss (again!), I got stuck with crypto but learned the lesson... The next cycle was better, as I had experience, and I had a plan... As my "investment portfolio" is still imbalanced, my plan is to try to move toward certain ratios between fiat and crypto... The idea is to try to be 20-25% in fiat on top of the bull, and as we go deeper into the bear, I want to get back into crypto until I get to 5-10% in fiat. Will I stick to that? Time will tell... Ask me how it played out in 2-3 years. 😃


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It was time to share the microphone with other participants... @buttcoins was the first to share his crypto story and his steps toward the present... He was mostly in the real estate market, but when crypto came, he embraced it with both hands! Similar to myself (and probably many of you), he didn't like banks, so the idea of crypto was very appealing... Currently, he is only in real estate and crypto, which means 99% crypto... 🙂

In the meantime, @duskobgd was asking some cool questions in the chat, that weren't addressed to one of us, but more for everyone who is "all in crypto"... The question was, how to sleep with 99% in crypto? As @buttcoins shared, it is painful at the beginning... No sleep, watching charts day and night, stressing, a lot of anxiety, etc. But with time, it gets better... Especially when you reach the level of "conviction" when you feel that your "money" is safer in crypto, than in banks, for example!


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@jza was the next participant who shared his crypto story... It dates to 2011 when he found Bitcoin when he was in search of good P2P options to send money... Paypal was closing accounts in different countries, and it was a good "wake-up call" to find a solution for sending money! In those days, he was hiring people over the Internet and paying them with BTC!!! How cool was it to do that so early!! He is also one of those who are 99% in crypto... It looks like we all have a 99:1 ratio between crypto and fiat... 😃

@achim03 joined the show close to the end, but there was still time to hear his story... Finally, we heard someone who isn't just in crypto, but much better diversified in other assets too! While we had an open discussion, of course, we had to talk about HIVE too... The point was to show that crypto isn't just Bitcoin, but also many other cryptocurrencies, with different use cases... We can't predict what will happen in the future, but even BTC is replaceable, and maybe we will use some other token as a store of value...

As the final closing of the show, we got to the conclusion that we shouldn't view other cryptos and blockchains as competitors, or enemies, but rather as an opportunity to collaborate... To find the best of everyone and embrace the differences... To create a synergy between the chains, and to not be "maxis" or grow tribal mentality...

When you check the recording you will notice that we maybe went offtopic a few times, but it's always nice to find the "meeting point" at the end...


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Don't forget to check out the show recording below!



We had 12 participants (including myself) in the show this week!!! Thanks for participating, @achim03, @bulkathos, @buttcoins, @duskobgd, @foxkoit, @jza, @melinda010100, @palomap3, @pravesh0, @sacra97, and @travoved! Thank you guys and girls for joining, sharing your views, opinions, and experience, and having fun!

As usual, we had an after-show this time too! We were talking about Lago Bitcoin in Guatemala, El Salvador's Bitcoin Beach, paying part of the salary in crypto, and some other topics... That part isn't recorded, so if you would like to participate in the after-shows, you will have to come in live!!


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Thank you, guys and girls, once again! As a sign of appreciation, I will send some LEN tokens to all participants of the live show! You can pair them with LENM tokens, add liquidity to the diesel pool, and earn rewards! If you want to learn more about the project behind it, check out the @liotes account or visit the Liotes website... Of course, if you are not interested in it, you can sell tokens on the Hive-Engine market...

To encourage more people to come on the mic, I have sent an additional 100 Ecency POINTS to people who shared their thoughts in voice with us! This time, we had 3 participants on the mic, @buttcoins, @jza, and @achim03! Thanks for sharing the stage with me! So, this week, Ecency POINTS are going to them!

Special thanks goes to @melinda010100 and @good-karma for providing the space for the event!

Thank you for your time,
--ph--

PS. If you have special ideas for the TOPIC (or guest) in future shows, don't hesitate to suggest them in the comment section!!! Thanks!


If you would like to support me, the easiest way to do it is to follow my account and vote for Liotes Hive Witness!
https://ecency.com/@ph1102
https://vote.hive.uno/@liotes
Appreciate your consideration and support!


Check out these links to the previous shows:

Episode NumberTitleLink
SE10ValuePlan Discussion, Funding Startups, Games on Hive, etc.Link
34The Magical Kingdom! Talk with @hallmann!Link
33How Do YOU Vote For Hive Witnesses?Link
32To Delegate HivePower or Not?Link
SE093Speak issues and Discussion, Gambling Apps on Hive, Taxes, etc.Link
31Quiz Time!!! - HHHLive 1st AnniversaryLink
30How HIVE Changes LivesLink
29HiveFest9, Impressions by @ninaeatshere, @achim03, and othersLink
28How Do We Spend Our Crypto?Link
SE08The Gang is Back, Breaking the LimitsLink
SE07Ecency Waves, HivePower, Splinterlands, HiveFest, LPs, and more!Link
27How Hive Proposals Work?Link
26Content Creation ExperiencesLink
SE06Education, Traveling Ecency Spoilers, Hive elephants...Link
25Why Did the Hive Price Drop?Link
24What Do We Expect From Hive and Crypto!Link
23Aachen Meetup and WorldMapPin Talk With @detlev!Link
SE05Usernames Origins, Age, Early Retirement, Crypto Portfolio, and more...Link
22Helping Hive to ThriveLink
21Make Yourself Uncomfortable (on Hive!)Link
20First Excursions Out of the Comfort ZoneLink
SE04BuzzParty Impressions, Weekly Recap, BonfireLink
19Ways To Buy/Sell Hive!Link
SE03Foods, Crypto Research, Education, PredictionsLink
18Best Tools For Content CreationLink
17Consistency and Adding ValueLink
SE02After Show ShowLink
16CBRS Philanthropy Chat With @minigunner!Link
15Profit Taking PlanningLink
14Ecency/Hive Chat With @good-karma!Link
SE01Relaxed "Exclusive" SessionLink
13Writer's Block and How To Overcome ItLink
12Hive-Engine TokensLink
11Hive Guidelines for NewbiesLink
10NY Resolutions and Creating Hive GoalsLink
9How Was Your (HIVE) 2023?Link
8Presenta tu comunidad - ES/EN Show! - Part 2Link
7Present Your Community - Part 1Link
6How to Start on Hive?Link
5Do You Upvote Quality Posts?Link
4Genuine? Authentic? To be or not to be?Link
3Hive Power, HP Delegation, HivePUD...Link
2Hive Meetups, HiveFest, HiveBeeConLink
1Pilot Episode (Aired 2023-10-18) - The VisionLink


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I mined btc back in 2016 did it for a year. I'm still using my 1080gpu today. I wonder how the 40 series feels like.

I see it was a great program and with varied opinions, I think it is a good time to hear a bit of everyone's stories and learn from them. You are already a pro, at least that's how I see you... Money is safer in crypto than in banks, yes sir, just this week we were talking about that at home 😵‍💫

!discovery 25


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What I can more to say, crypto life is hard 😅😅😅🙈👌👌 so look your mind is also strong.

Hi ph!!! Hope so you are fine 😊
I'm bit late in joining the crypt as I first join it in 2022 and I staked BCH, still I'm in this cycle but many times I also took a pause from it especially when several times I lost in bear market