I got into the crypto realm during the recent bull, all time highs left and right. A few months in right now, and I'm getting to see an absolute bloodbath. Now I understand why a lot of people don't last too long in the crypto realm or when it comes to "investments" in general. Most of the people quite easily give up, and decide to run as soon as they see a little bit of red in the markets. Only a handful of people really stick around patiently, while play it all for the long-term.
And I guess that's what makes Hive stand out, when compared to the other communities. Not only do these people believe in crypto, but they also absolutely love Hive and its communities, and are in it for the long run.
This will be my second bloodbath type experience. I got into it sort of the same as you. Back in 2017 when things spiked really high I got into crypto and then lost a little bit. What I thankfully did do though, was get into a place like Hive and make some smart investments. I don't have something to retire on that's for sure but I'm super happy with how it's turned out so far! The best thing we can do is have a platform like Hive and Leo Finance to keep us engaged and talking with people during these market swings. If we can stay engaged and entertained, shooting the shit with people then we are much better off in the long run. Doesn't hurt to earn a little crypto for doing all of that too!
I made the smart move last year to stop trying to buy low sell high. I just buy and hold and don't bother trying to do swing trades. I got burned so many times by the flaming hot knife as it was falling down, trying to catch it as it fell so I didn't get cut. Eventually we will need to do some selling but that's a long ways off I would hope.
I tried a bit of trading when it all started going down in Jan, decent profits, and I'm still experimenting, just so that I get to know how it all feels. For now it's all just experiments and tests for me, so that I just get to learn.
I know how it all goes, and I am being guided with the basics by some of the veterans who are here on Hive, yet, I do sometimes dip my toes into the other aspects sometimes. Don't mind making a few silly mistakes, just wanna explore this space for now, and grow in a slow and steady pace.
Luckily, once again, Hive and its many communities and users make this "bloodbath" and overall journey worthwhile, everyone is growing together, at their own pace.
It can be hard times for people who come in at the top of a bull and buy in heavily - but for those who dipped a toe, they get to taste the volatility on the way down and then, know what lays on the other side. During the bear, they can stack like they couldn't during a bull.
I'm actually glad that I'm taking it slow. I did join in during the end of 2021, but even then I believe that I'm quite "early" in this crypto realm, so there's still a long way to go.
It's time to learn and build, slow and steady for now haha. 🥃
Oh yes, you are early - this is just getting started!
YES SIRRR 🥃
:)