When I first got in to crypto currency, it was around ATH of BTC, the frenzy from 2.5 years ago. Always wanted to get in to BTC but had no idea how until someone told me how I can do it... then I watched 95% of that money invested vanish in front of my eyes. Sickening.
A steep learning curve but it worked out for the better as it completely flipped my thought process on to what can be done and the long term vision with investing. I could've just taken everything out with a 95% loss but I thought, well, what's the point, it's there now. I stumbled across many different projects, looked at them, researched, looked for clues and got better at that side of it.
Now, after 2.5 years, instead of being 95% down on that initial investment, I'm about 40% up and like to think I've got better at understanding markets and sentiments, projects and teams working on them. There will always be things that happen that are totally unknown but like you, I bought what I could afford with Hive/Steem at the time last year and want to make something of what I have here.
Painful eh? :D
It is this flip that is the most important. Many of us have grown in a society of quick and low results that are largely meaningless, and then wonder how we never get ahead. Long term investment generates value because most people can't wait - being patient is a hurdle most don't overcome.
Yeah very, thankfully I managed to stomach it but there were a few close calls!!
As for the long term, I full agree and that's one thing the PhD taught me about patience, persistence and seeing something through to the bitter end, with the ultimate reward at the end of it all - different challenges have happened since then of course and life is just one big PhD haha
Sometimes I kick myself for not selling, then I kick myself for thinking that if I had sold, I would still be here. From what I have seen, many of those who sold, never had enough to buy back in.
I have no PhD, but patience definitely is a virtue in this space and there will be plenty of people who fall by the wayside before the mainstream.
I'm playing the long game but the great things about Hive is that there are so many ways to get Hive that you can get it back just by being active whether it's playing games, commenting/posting, entering contests, raffles, leasing, delegating to name a few!
I agree, have already seen a lot of musicians walk away from crypto due to previous frustrations and revert back to Web 2.0 despite it not working for them. Either I'm the crazy one for sticking it out or they are... time will tell haha!