When crypto goes down, it isn't good... We are waiting for it to hit rock bottom and finally turn up... If you are a newbie, you will get hundreds of times the temptation to sell your tokens as you will be freaking out about how the price will go to zero and asking questions like... Why did I even start with crypto? All this is just a Ponzi scheme... My mom told me not to waste time with this shit, etc. 😃
When it finally turns up, you begin to think to take some profits... Some people will sell it on the slightest pump, and miss the whole bull market, others will start dreaming about Lambos, houses, vacations... It goes up! It will go to 250K USD (BTC), YT influencers told me that! It has to be like that! In 2-3 months I will be rich! It went to 20K in 2 weeks, multiplied by 12 weeks in 3 months, which means it will be a minimum of 250K at the end of May! I will sell the top and be rich! 😂
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And then, the days like these will come... Price is going one step up and two steps down... Days are passing slowly like years... Why it doesn't pump as 2-3 weeks ago? Why those ETFs don't buy more? Maybe it will not go up anymore? Maybe this is the top?
Oh, look at these meme coins! They are pumping like crazy! I should exchange my hard-earned crypto that I was accumulating for years into 10 crypto and one will FOR SURE go to the MOON!
And you will "diversify" your blue-chip tokens (BTC, ETH, or HIVE), into a bunch of meme coins, shittokens, and new AI projects that ONLY YOU know about as you heard it from a Youtuber and you are an early bird... Of course, that's not the case and at the end of all the euphoria, you will finish with a bunch of worthless tokens at the end of the bull market as the bear comes slowly, you don't even notice it... And eats your bags without noticing as you are repeating the mantra... Tomorrow will turn the price UP, there is no way that the bull market is over...
What I described isn't a fiction story... It's something that happens (and happened) to many people including myself! I was exactly like that at the peak in 2017 and in the first months of 2018... Indeed, there wasn't a meme coin mania in those days, but I remember well that there were a lot of new, promising "ETH-killer" blockchains built, and I was in tons of Discord servers, searching for "diamonds"... Which in the end, stayed what they were at the beginning... Just a piece of carbon...
As I learned the lesson (am I? 😃), I have narrowed my crypto portfolio and trying very hard to not expand it too much! That is one of the reasons why #MyHiveGoals contains only 3 things...
screenshot from hivestats.io
Darn! That Hivestats chart doesn't look as steep as it was before... The last 3-4 dots don't go straight up as before... That is the consequence of less content published in the previous period, but it wasn't better in the current week too... 🙁 As there was no price action, I got bored and I was researching many crypto projects... And that takes a LOOOOOOT of time...
It's time to update the numbers and put them into the spreadsheet until the next week! So, freshly updated numbers for #MyHIVEGoals, on March 24th, 2024 are:
As the last #MyHiveGoals report was 14 days ago, this isn't a weekly data but rather bi-weekly progress... First thing first... I have added "only" 510 HivePower to my main goal, which is less than the last time, and under my "needed" amount for reaching my yearly goal... A bit more than 250 HP per week when I need 100 HP more! Maybe we will have another "fullback" and a chance to get some cheap HIVE in the next few days?
My second goal is growing my liquidity in the SWAP.HIVE:LEN liquidity pool on the Hive-Engine... The truth is that I can "cheat" with this goal by delegating HP to @liotes.voter, which pays daily dividends in LEN tokens... But, there is another problem... The LEN token is going up in value and it is harder to grow that share in the pool! Also, when you are adding liquidity to some pool, you need TWO assets to pair, which means that I have to lock some SWAP.HIVE too...
So, maybe the idea of following the SWAP.HIVE:LEN shares number wasn't the best idea... lol... Anyway, I'm not quitting! In the last 14 days, I have added 98 shares, which is 30 shares less than in the last report!! I was paying out LEN tokens as a bonus to my WORKERBEE delegators and that part is also missing... We will see how it goes in the next weeks... I didn't expect that this goal would be so challenging...
And lastly, the most relaxing is my Rising Star goal as I'm doing pretty well with accumulating those NFTs from the game! It is turning into the snowball effect as having more cards adds more to stats in the game... That creates higher income, which I use for buying new cards, and also, higher SKILL XP that is lowering my EGO in the game... That also helps in pushing all the numbers up!
In two weeks, I have added almost 1500 cards to my collection!!! Almost the same amount as last time...
These were my initial numbers and goals for 2024, created on January 7th, 2024...
MyHiveGoals 2024 Edition - The Beginning!
Join me in this awesome #MyHiveGoals and let's grow together! It is fun, motivating, and will keep you focused!
Thank you for your time,
--ph--
PS. None of this is financial advice of any kind...
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Your doing great mate, you should be proud that you have so much hive power, things are looking good for hive, with the HAF nodes starting to get rolling, this is going to make building apps much easier.
You are right about those positive sides of HIVE... HAF nodes + guys from 3speak building smart-contracts on HIVE... I hope that we will onboard some good devs to create apps using those things...
It sure is a rollercoaster, you can see how much from this short animation, there was an 80% drawdown which could have been hard to buy if you had ridden bitcoin all the way down. I dont know what the Influencers are saying about Power Law, S2F, PlanB etc, I just know NGU! 😅
Nice "moving" chart! The issue is in us humans... We all know that BTC will do well, but we like to poke around, buying shitcoins in a hope that they will beat BTC in the long run (or short)... Usually, that's just an illusion... lol... 😂
It will be difficult if nobody is selling shares in this pool, since you practically have 2 HIVE-based goals. Sometimes you can't see the pitfalls of setting a certain goal until you start working on it.
Hehehehe... Tbh, I remembered you and your goals last year when you tried to do the HIVE and HBD goals... I made a similar mistake with that goal... 😂
Yep, I was thinking the same thing, lol.
Don't try to touch them memecoin if you are not ready to get burnt. hahah !LOLZ
I guess BTC is a little safer than that meme coin, only touch the meme coin if you are an adrenaline Junkie. hahah
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Hehehehe... Well said... Tbh, I did play around with some memecoins, but it was literally investing 0.0001% of my portfolio... something like buying 1 lottery ticket... 😃 Just to push up the adrenaline levels a bit... 😂
I guess its human mind trying to have more and more, afraid to fuck up, go mad when see a little red and try like crazy to search a green
Yeah... We are our worst enemy... Greed, panic, fear... Nice chunk of triggers of bad decisions... 😃
Sometimes it is hard to be consistent even if we know the potential 😅. Good luck with your goals sir. Have a great day and week ahead ❤️🙏🤗💐
Deep bull and deep bear markets are the worst time to mess around... The best thing is to do nothing... lol... So many shiny things lately that want us to distract from the real-deal... :)
Thanks, man! Wish you an awesome week too!
indeed sir that is true sir agree with you. he hee it is hard to do nothing. 😂
Haha it's definitely not fiction. I could relate to this in the last 2021 cycle. Let's see if everything repeats once more.
!LUV
History tends to repeat, and we humans too... lol... I mean, repeat our routines, habits... :)
Hehe words of wisdom!
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It's a rollercoaster, people sometimes needs two to three bull market to eventually become experienced and listen to their own plans. Meme coins are for the thrills. They're never a solid investment plans that's dependable
I 100% agree! I needed 2 bull runs to learn my lesson(s)... As they were a bit different, I needed 2 lessons... Maybe I will need the 3rd in this bull... hehehe 😃
My mom keeps telling me never to get into these things and I say mom, I never got into these things. I hope we all have the right strategy and we all make a profit.
hahahaha... So, are you IN, or you OUT? 😃
Crypto Rollercoaster is a more than accurate term to describe these last few days. Yep, it happens again and again and a lot of people don't learn. Hahaha I've always seen it as those who love the world of gambling, it's hard to stop.
Okay, I will now defend "us", the people... 😂 We do learn, but we learn lesson by lesson, and there are many lessons... 😂
Crypto is definitely a rollercoaster and I don't think it's for everyone. We are all human. I prefer the blue chip stuff because shitcoins or meme coins can easily tank in price. There is no guarantee they will go up because there is no underlying value.
Yeah... meme coins are a very short-term play in general... You have to go in fast and go out even faster... I saw many proofs that only HODLing BTC would make you a lot more money than jumping from one to another coin...
I think that the link that @mypathtofire shared is one of the proofs that the "game is simple"... DCA and stay focused... :)
In the cryptomarket you have to have nerves of steel and above all a good plan to follow.
Great job, 100K is closer.
Hehehe... That reminded me of the HiveFest Amsterdam and the Balls of Steel competition... 😂 You are right, nerves of steel and the plan! And focus!
My mom said the same thing too at first😂🤣. Well, like it or not all of her sons are playing with crypto and gaining extra money. My mother and my grandmother always told us to get a job in a company and we're an entrepreneur (me), an e-sport player (my big brother), and a trader (my little brother) 😂. !LOL
No matter what happens to the rollercoaster. Meme coins are just a meme. It's better to stay away. That's a good reminder 👍 !LUV
Ahahahahaha... I can imagine a disappointment in the eyes of your mother and grandmother... lol... But, if you bring money to the table, that probably changes... :)
Good luck with your family "endeavors" 😃
Yes, it slowly changes after more than 1 year.
Thanks! !LUV
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Yep a good amount of it for sure for many comes from publishing content. That rewards pool is massive at 65%
Despite not having so many automatic upvotes as some other Hivians, my author rewards are usually much higher than curation rewards... My problem is that lately, I'm doing a lot of research and not having too much time for content creation... and I'm not one of those who create content for the sake of creating it...
My colleague, who entered crypto a year before me (and who got me interested at the beginning of 2021), got burned at the beginning of 2024, just when the market started to wake up (but the whole of January went sideways) and all his BNB that he had exchanged for USDT which he staked on some exchange "for an incredible" 9% (or something like that) for a year.
He had 10 BNB and he was buying them around $20-30, he exited with ×10, but he could ×25, ×30...
And I, set a DCA for sale at 600+ for some part of my BNB, as we talked about on a previous HHHlive 🙂
And so my BNB turns out to be 2x more expensive than his... So far I have surpassed my mentor 🙂
hehehe... Not financial advice and not gaslighting you, but what you explained is another big trap... When we think that we are trading gurus as we made a couple of good trades in the obvious bull market and earned money... 🙂
I did that in 2017... I would buy something, which will of course go up as it was a huge bull run... I would sell, and earn profit.. and I thought that I was a professional trader... 😂 When we came into the "unknown" waters when the trend wasn't "only up", I lost almost all that I earned in just 2-3 trades... lol...
DCA in and DCA out are always the best strategy to avoid emotions and chasing the top or the bottom...
Good job!
Some of my friends are new to the market, I have explained a lot to them, but still they are panicking and selling things in the same way, so profiting from this market is not as easy as people think. Here too one has to read proper books, if one has proper knowledge then one can earn some profit.
!DHEDGE
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If I could even add 250HP to the one I have per week, I’d be very glad
Hive is the main coon I’ve got and I’d do everything to stack more
Goodluck to you on your goals
Well, it was a long journey to get to this point... I think that I never powered down HIVE on my account... It is much harder to do it without the stake... ;)
Thanks for the comment!
i learned so many things from your post as a newcomer, please keep writing more content like this for newbies.
Nice to hear that... I hope that's truth... ;)
that's 100% truth, not just blind comment for likes :)
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I still believe in this season, memecoin will still do quite well and so if it is possible, one should stack as much as memecoin as possible