Great advice. I'd also add to the consistency section "sticking to a few niches of content for your audience."
It's something I've done a poor job of and have definitely seen the effects of. No one wants to open up an article unless they can bank on having a good time in there.
(with you, that's always a given)
I appreciate that and aspire to do a better job of it.
Cheers.
What you describe is a problem with the growth of Hive. There are so many things we can focus upon that we can get torn. Time and resources are limited. Thus, we have to be prudent in where we place our attention.
A lot of profitable ways to spend out time on Hive. We just need to ensure that we are doing it in a way that doesnt spread ourselves out too thinly.
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Also great advice!
Yep... I have a nasty habit of "chasing shiny, valuable objects" and spreading myself out like the last spoonful of butter over too many grilled cheese.
I say "shiny" AND "valuable" because none of the things I invest my time in lack value. They're all amazing! But I'm definitely learning that I need to "niche down" my attention and sharpen it to create higher impact in my life.
It seems, if I keep chasing everything shiny, I won't actually dig deep enough to find the true value in any of it.
Thanks for the tips! Really appreciate them!
I think you nailed it. Not every new project is going to be a success. For me, I found that adding when things are down is a way to really establish a giant stake. For example, I was buying LEO when it was under 5 cents. Throughout the entire downtrend of last year, I kept buying. Many others were calling for its death.
There are some "lottery tickets" I toss out but my focus is on a few specific areas. This means that Leofinance is a priority since I believe in it long term.
Others might feel differently which is fine. We all have choices to make.
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Ya, I definitely need to pick up some more LEO to recoup my investment. I threw in what would now be about $800 worth of Hive in when it was up over $1 and then watched it crumble from $400+ (at the time) to about $60.
But that tells me just one thing:
It's probably a great time to buy now! 😂
However, I've been struggling with the decision to invest more - because I like some of the positions I'm currently holding and don't necessarily want to switch over yet - and because I just made a $1,000 purchase of a computer that I needed so investing more fiat seems extra stressful. Lol.
You know what?
Learning to spend money, even when it's necessary, is hard for me. Learning to take calculated risks is hard. Breaking this odious and infuriating scarcity mindset is a challenge.
But without risk, there's no reward, right?
So, here's to persistence! 🍻
There are a lot of options and it is not easy to switch from one to the other. Thus we have to be disciplined in what we focus upon. There are always choices to make, and with those selections comes opportunity costs.
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Ya, my main concern lately has been how the heck I'm going to figure out taxes. I don't want to incur more of them, especially when I sell at a loss. Not sure how it all works yet.
I'm a little new to that whole part of it and it looks like a giant mess. Can't even get my trading history from some of the exchanges I was using further than 12 months, etc.
Lol. Happen to have any good crypto tax articles?
I tend to try and keep it simple but it is not easy. If you are doing a lot of trading, it can get overwhelming especially since the tools from the exchanges is lacking.
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