Treading water is when you keep your head above water by kicking your legs and moving your arms whilst remaining stationary. With the crypto markets experiencing a healthy correction it is the time to try to hold on to your current values or the values you had a few weeks ago. This is easier said than done however and the only way to not lose the ground is by growth. Who knows how long this will be or how bad or good as these are all out of our control and why focusing on growth is all you can control.
Around a two weeks ago my account value was fluctuating between $37K and $40K mark and now would need a good 20% growth just to get back to that dollar valuation. If this is what 2024 has in store for us then this is not such a bad thing really as we can get back to the $37K mark. Staying under the $0.30c mark is not really that bad if we are growing.
On Hive we are not like other investors as our stake is very much alive and interactive creating various methods of growth. The positive part of thinking in this way is when the prices do bounce back to what we had a few weeks ago you will no longer be seeing a $37K-$40k value, but one that is much higher. I would require around 10 000/12000 more Hive to achieve this currently which would then be worth another $4K when we start heading back to Hive at $0.36c.
This I find is another way of looking at your stake in a positive light whilst everyone else is depressed. There is nothing depressing about earning more crypto daily and we must always zoom out and look at the bigger picture in a bigger time frame.
Normally what happens now on Hive if the price goes any lower then many accounts go AWOL not thinking the effort is worth it. This is a big mistake and don't ever fall into this trap as 1 Hive is still 1 Hive whether it is $0.30c or $3. The way to earn more Hive is to forget the price by staying active growing your account daily. Price should only be considered if you are thinking of selling and now is not the time to be contemplating those thoughts.
On Hive our stake is put to work through our actions and why it cannot compare to other crypto projects that only offer staking. When we Hodl we are growing and will always have more growth than conventional staking platforms through multiple earning streams (posting, curation, delegation and APR) which is all compounded.
The last time I tried this treading water game was way back in 2021 and the growth over that period was seriously good and helps keep you focused. This is why counting the tokens and not the dollars always helps when the markets head South. Back then I had far less and was treading water hovering around $20K and eventually ended up being worth over $200K when we saw the all time highs appear later that year.
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It's a chance for some good growth, I've been seeing a lot of progress over the last little while and my account is much smaller. It all builds up with activity, curation, delegation and the APR just like you said. Hopefully it will once again head toward historic highs, but for now I'm still HODL ing!
All you can do is grow for now and wait this period out.
Good point of view especially here on Hive where all the coins and token not just sit around but can be used for curating or interacting on the blockchain.
Still it is frustrating sometimes to see Hive struggling as one of the small cap coins while the big ones already saw a lot of upside already (BTC, ETH, SOL).
It is a little odd to see Hive struggling like this, but there are many tokens suffering the same fate of being undervalued. This can all change so quickly and expect it will.
I haven't really been minding this too much. I am buying as much Hive as I can with the prices this low. It's been pretty great. I was never that good at treading water though. I think I failed swim class because I couldn't.
I think these times in the market are fantastic and couldn't be happier due to the growth. Treading water is like doggy paddle and is actually very easy to do and takes a little practice. I think growing up in a warm climate all year round you become accustomed to swimming and you just take it for granted.
Oh yeah, I can do it now, but I am still not that great at it. I always struggle with swimming when I was younger. This kid almost drowned me at the beach one time and after that I just had no desire to learn.
I glanced at that screenshot and thought your account value was 32 million.
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It is true that our accounts were overvalued, but to think that if we had sold all our acid here and the market had gone up, we would have been in more trouble than we can imagine. So it's better that we have to see things like this for a while longer if we want to make a good profit from here.
I have a power down going for a trip to Scotland I promised to my wife. So not really good timing, but I guess I will wait a little before selling the Hive…
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STOPTo support your work, I also upvoted your post!
Many more adaptations to need