Having accumulated and held the entire last cycle with no thought of selling this cycle will be very different. Once you have the knowledge and understand how the cycle works you view things entirely differently.
Over the last month the slow rise in value of your portfolio gives you wind in your sails and gives you a fresh boost of energy to see this through. Growing and accumulating a crypto portfolio over a 4 year period is hard going and this is something I have been working on since March 2018. Tis would have been longer than 7 years when it is time to sell and that is a serious chunk of time to dedicate for this moment.
Holding and accumulating is a different mindset to those trading and is a technique I stand by for guaranteeing success. This accumulation method may take longer to achieve the numbers through compounding, but as long as the stake is growing you are inching forward. Every cent being added to your tokens cost is now worth thousands of dollars and is kind of surreal when you have never cashed out 1 token and some how we know this is real and not monopoly money.
The last time we saw the ATH back in November 2021 my stack was worth a cool $250K and now Who knows what the stack will be worth and the exciting part is the unknown. If you had told me back in March 2018 that 7 years later I would have some serious dollar value I would think you were crazy. The mindset of hope and not expectation is the difference and why you stay consistent over such a lengthy period of time.
Staking has been a new development amongst many crypto investors during this cycle yet all of us on HIVE have been doing this from day 1. The advantage we have over every one else is clear to see due to the knowledge we have doing this every day.
Due to knowing how HIVE works it has made me search for similar type compounding investments and it has started to pay off. Knowing every day you are earning more than what you earned yesterday mixed with a few years of time and you will have achieved significant growth. he result is there is no need to trade and you are putting your knowledge to work.
The next 6-12 months will be fun times whenever we see the new ATH's appear which they will knowing the money flow coming form the bigger caps will be bigger than ever. Could we see ATH's more than double because it is looking realistically like it could making a bumper pay day for those who have stuck with the accumulation process throughout. This is what we have all dreamed about and now we would like to see this play out for real as I think we deserve some good times.
Posted Using InLeo Alpha
$250k worth of holding in 2021 itself is a big achievement and now after almost 3 years it must be way higher.
True and this is what makes #hive a better platform. Are you saying that you will not be booking profit through hive when it's value is higher or you have different strategy with hive in this bull cycle?
Are you planning to cash out some chips if we hit ATHs again in this cycle?
Not with Hive, but other crypto yes. Hive will move into HBD and then back into Hive. Maybe next cycle as all I really need now is a new laptop. Maybe something bigger if a few of my other stakes do well, but it would still be an investment and not for spending.