A couple years in crypto brings on the grey hair for sure - I have greyed up a bit myself over the last few especially, but it runs in my family, so it isn't all crypto related I assume - most of it perhaps. Dealing with the ups and downs can be exhausting for many and I get messages from the couple friends in crypto who are "buying and holding to win" only, and I think this might be a harder path.
Holding is great of course, but I think that with a lot of people like my friends who aren't "crypto active" in any other way, they are likely looking at the dollar value of their accounts and seeing the wild fluctuations - sometimes they are well up and feeling great about themselves, other times they are seeing that value drop away significantly and are lamenting not selling at the highs or, getting into crypto at all.
This is different for the active people though and also depending on the path one takes. For example, an active and staked person on Hive might have the value of their account move up and down rapidly, but what they hold is constantly creeping up in volume - Even through a bear market. This shows "progress" even if the value seems quite flat, and those who have been in for longer now that earnings in the lows, are multiplied heavily in the highs - those 10% gains on curation and whatever can be collected through various other activities, add up a lot come the peaks.
But, the drops into the troughs never really feel that great, unless a person is looking to get in or, has a lot of available resources to get in even deeper. It is harder on those who don't have anything to buy the dips with, but hardest on those who rely on crypto as a needed income source. For most people, I don't recommend living off crypto, especially Hive earnings, as they are highly uncertain and can change at any time. This doesn't seem to stop people doing it though, but we each make our beds.
Personally, it is tiring for me too, but I am pretty well accustomed to living life in a fugue state of tiredness, which while not healthy, isn't the end of the world either. Sometimes I do wonder though, how long I can keep it up for before burning out, or just dropping dead, but I don't dwell on it for too long. this year I came close to the "drop dead" part and although not related in any way to my lifestyle of crypto on no sleep, it did make me think.
Near death experiences have differing effects on people it seems, with some wanting to travel the world and see the sites, or like me, it is a reminder that I want some kind of financial security for my family. Some people say "they would rather me alive than the money" but I kind of disagree, if the experience without the money but alive is terrible. Not that it is terrible for us of course, but part of the reason that it isn't is that I have worked my ass off to try and ensure it isn't. I have been somewhat successful, but to maintain it the way I am , I am going to have to work like this for the next thirty years, which is pretty much guaranteed to kill me early.
And, I think that this is part of the reason that people should take a "longer view" on crypto, as it really isn't very long at all. My friends for example who keep asking "when" on crypto, don't seem to ask the same of their other investments or jobs. There is an asymmetry, where they assume crypto is going to make them rich very fast, but they accept that they are going to have to grind away at their job til they retire. Yet, they put more of themselves and their investments into that grind, but almost nothing into crypto participation.
Perhaps if more people were on Hive actively taking part in the crypto community, they would start to not only look long, but also move their time resource investments further into crypto too. I was just reading a post from Asher (@abh12345) about the engagement on Hive and his lack of engagement in comments, but the reason is that he is participating constantly in so many different ways that he wasn't before. I suspect that time-wise, he is spending a lot more on Hive now than he was a few years ago, and that was when he was fulltime at it. Funny, isn't it?
I think I am the same, where I am writing less (in comparison to what I was in the first two years), but the posts are generally longer and, require more time. More than that though, I am active in more ways on-Hive with Splinterlands management and playing, and off-Hive with CUB and BSC, looking at trade charts and the like. But, I don't need to live off Hive or crypto and I don't use it, so this is all activity for the future, from a financial perspective.
However, from a daily perspective, this is activity I enjoy, where I can tie current activities to some unknown point in the future. This makes what I do not only rewarding in the short term feedback loops, but connects it to my long-term goals also. A lot of people who do a job for a salary get the short term income feedback, but the long-term goal is making it to retirement age, or a bit earlier if lucky. What they do daily doesn't really matter, as long as it brings a salary.
In my opinion, this is soul-sucking, as while it can be hard to deal with those fluctuations of the ups and downs of the markets, doing tasks that are personally meaningless for money has to be harder. At least for me. Perhaps for some people though, they like the idea of not having real meaning in their work, as it means they don't have to emotionally connect themselves to it and take less personal responsibility for the outcomes - just punch in, do what is told, punch out - get paid.
I don't know which is easier or harder on average, but for me at least, if I am not doing something that I feel matters, I am not going to be able to sustain it for long. What is interesting in regards to what I do here though, is that doing this provides me more energy of a sort to do those other tasks, as it binds them into part of the process itself. What I mean by this is, working for a salary (I like me job too) is part of my crypto journey, because it allows me to grow and stack, rather than spend - as well as invest into some occasionally too. They are in alignment with each other, both working hand in hand toward the same end.
What that end is, I am not completely sure yet - but the journey continues.
“You are not a drop in the ocean. You are the entire ocean in a drop.”
― Rumi
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Beta
I've wondered the same thing. If I found some manual labourers, and offered them twice their current wage, to fill an empty swimming pool with sand; then empty it out again, then fill it back in again, etc, how long would they last?
If they're working for the money, they'd stay for years; but I expect a lot of guys would leave pretty quickly. If the work you do is obviously pointless or even counterproductive, that's surely gotta take the spring out of your step.
That is a rather interesting spin on things. I think if you offered them twice their wage it would depend on the effort output you were expecting of them in their current labor job. If it was roughly same output I would most definitely think that a majority would stay working hence the idea of manual labor work to begin with.
I'm not sure if they would leave or not tbh because the reward model is the $$ for work/effort. Granted at times the biggest part to many of our successes is a more bigger picture and have a lot more moving pieces like a sense of purpose so to speak. Many manual laborers do many repetitive tasks so I suppose it just depends what sector they are coming from. I.e. someone that digs trenches for pipes would probably continually do this.
Also interesting tarazkp on the study of toys, but see I think in that scenario is also a bit different although interesting to note. That is what I meant above about a sense of purpose vs just a random act of a job. I think that's why some corporate practices is to do group volunteer work to create the team environment and the feel good feelings.
I think there was study done to test this, where they were assembling something like a toy for a declining price. When they thought it was going to some kid, they worked harder, for longer, than when what they were building was taken apart in front of them and they would build it again from the same pieces. I will try to find it later.
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
What a great well written post. I am still only a couple months into hive and only a little more maybe 2-3 on top of hive into crypto as a whole and it has been quite intense. I can definitely see this as a partial cause for grey hairs. You brought together so many great points in this post as I too believe a lot of people in this space tend to seek instant gratification.
That is why I still relentlessly push through even if I am not quite seeing the results I expected or wish for, but I see and believe in the future application. Being new to hive/crypto I'm not quite sure what will win in the long term, but I am truly blessed to have discovered this community as it has definitely changed some of my outlooks.
One exciting thing about all of this through the ups and downs is normally in down turns when I was a beginning investor many years ago (moreso stocks) I would lose a lot of sleep and it would negatively effect me. Now even though I bought into crypto as everything dropped, I feel more confident to weather the storm due to the muscles stocks equipped me with. For me whenever a dip likes this happens or a major gain day I take it as a chance/opportunity to try to rebalance my portfolio in the best way possible for me. I.e. on gain days I sell part of the ones that had the biggest gains to redistribute it into the ones that didn't have as high of a % gain and do the inverse of that on major bear days/weeks.
Firstly, welcome to Hive :)
It really does take time to get things going, but for those who do, it can be quite rewarding. There are a lot of things building here now and more to come, so it becomes a space of many layers that can be enjoyed and earned with.
I am not a stock investor - but the first major drop in crypto I experienced left a pit in my stomach for days. I barely blink now - though the amounts affected are 500x as much! :D
Thanks for the reminder - I need to get back to doing this more often!!
Heh you may not recall me but I already vaguely remember you welcoming me before, but thanks again haha.
Yeah instead of thinking in terms of "earning" for me it is an "investment." When I hear the word earn I think of it as wage to a degree and if that was the case I'd probably have already quit this platform as my personal life I'm able to profit from trades, poker, and various other activities.
I think wilmetacaf said something best that resonated with me is that on this platform I am trying to compound trust/relationships because social capital is a very real thing that many people take for granted. Their voice within the communities they take part of.
Yeah I'm sure there are more "profitable" approaches I can take and relationships to build, but for me I like the idea of letting nature take it's course and naturally stumbling upon content that enriches my soul/mind.
I was wondering if I had, but wanted to make sure :)
Trust and building real relationships are very important here and I think that they are two things I have managed to build through content and behavior that work in my favor. Some people talk about it, but don't actually follow through with the activity to support them.
It isn't just about profits though, there are a lot of different communities to explore, as well as applications to use. I think being on Hive is becoming like a fractal of the Internet itself, a diverse and growing ecosystem to explore.
It is fun now and I suspect will get better as it matures.
OMG YES for me I pay attention to the little things like the interactions between the poster most people if I noticed they aren't very engaging I won't bother. Also no need for upvotes I am just intrigued by these type of discussions and theory talks so to speak. Many people that didn't bother making time for me now I may not have as much time later for as I scale things in ;).
In life there will always be people who talk a big game, but I think time is the great thing that allows all of us to understand each other better. I'm sure success can be paved by building the right relationships, but for me developing and growing myself as an individual is my main priority.
I can also notice my writing and reading skills greatly improving and that is the biggest roi win I can get personally speaking. Well truth be told I'm only allowing it to consume this much of my time because I can see the bright future for it even if things were only worth 1/10th of what they were now. It was through Splinterlands that I even discovered hive. At first I was just like oh this is just a blog site that pays out crypto no thanks, but after being involved and learning and joining all these communities I realized this platform was so much more.
Hive is truly a great name for a platform such as this as the symbolism is perfect. Through cohesion and the buildout of platforms and all the layer 2 applications, games, and methods i.e. 3speak, dtube, and more this is truly quite groundbreaking.
Unfortunately many things don't really bring me pleasure anymore, but there are times I go down deep dives due to curiosity and this sense of feeling productive to learn and write, but overall this journey has been an interesting one and I like it.
Your content has been voted as a part of Encouragement program. Keep up the good work!
Use Ecency daily to boost your growth on platform!
Support Ecency
Vote for new Proposal
Delegate HP and earn more
Thanks :)
That's very deep and very true when you think of it in an unemotional way. Even people kill for money in some parts of the world if not everywhere.
This is very me, sometime people call it being stubborn but its better to do what matters than do what doesn't later to have the regrets.
Also as humans we at one point do what doesn't matters to us in the long run, I sometime tell my some of my friends that you don't need a degree to be intelligent orot well educated. What matters to them is the certificate and getting a job that won't later pay their bills or make them happy.
I prefer doing what I love doing and have passion for, even if it's not too rewarding than do what doesn't matter to me.
Moat of this friends of mine too only believe the best way to get the best out of crypto is buying and waiting for it to pump so they can sell. Something I hate doing, I'm a very emotional person and different from them but having my money into something with numerous use cases is the best way to go for me, why I chose hive that is not yet fully utilized to its great potential and also with alot of use cases from curating, to NFT gaming.
Pardon my rambling, its really an exciting experience reading your post, can't digest all at once but even the little knowledge is enough.
Have a great and productive day ahead
Posted Using LeoFinance Beta
If you count the governments, everywhere.
How many happy people do you really know? Not that many probably, at least based on their words and activity.
My friends are the same - but while the spend time looking at the charts for when it will moon or dip, they spend zero time learning about all of the other opportunities out there to actually use and earn stuff. It is crazy.
Thanks for taking the time for sharing your thoughts and experiences :)
Learning is really a great deal and there's no loophole to that for sure. They would have been able to spot more oppurtunity if they learned first before earning. Its really crazy 😊 especially with how they brag about owning multiple shitcoins out there.
You are always welcome its really worth all the time and effort.
Just trying to learn more and grow more everyday. Learned alot from here and you are always welcome.
Posted Using LeoFinance Beta
Most of them watch YouTube videos from "gurus" on price....
It is fun here, isn't it? :)
very fun and exciting😀😀
Posted Using LeoFinance Beta
I do not have enough of a crypto mindset just yet. Hive being the only crypto I know about. Yes there is BTC and ETH, and a few others that get mentioned a lot, but for me it is just Hive. I like the holding part, the growing part and the social part of Hive. It is almost like my morning newspaper read and only a few sections of it at that.
I look some times at the headlines, but it has been ages it seems since looking at the trending page (front page head lines).
I look mostly at the social pages, up coming events and happenings. Then I jump into the funny pages part for the couple of little games I like, the zombie text game (no real rewards other than a few Hive-Engine social tokens), and then at FTG's little picture game.
Then there are the music review pages and the book/story review pages. People selections for reading and listening.
I am not sure if this will be the year I step out of Hive Crypto and start exploring more about it. I have picked up a few things about crypto from Hive Block Chain, but I really have not explored crypto much at all.
The question for myself is would I still be here if there were no rewards at all? No feel of a game, or a chance to maybe, just maybe, improve ones retirement outlook. I do not know. I like the rewards, I like trying to learn how to get more and how to grow my account, but to what end? four and a half years and still I do not have nor have learned how to withdraw Hive and make it into fiat money. There just is no need for that knowledge yet, so the growing of the account continues. Maybe if it hit a value of one million dollars I would learn to convert some to fiat money.
It becomes part of life very easily, which is why people should get involved early - integrate it as soon as possible.
I can't say if there were no rewards if you'd be here, but then it doesn't become much different to other consumer places - so I suspect you'd spend a lot less time here. But, as other platforms and medias move in this direction, it is going to get interesting to see if they are able to generate value.
I might still be here rewards or none. I gave FB, and other interact type medias a try, but none of them lasted more than a few weeks at most. So 4.5 years, it could be the rewards, none of the others offered that, but then again Hive does not offer up a lot of trollish childish behavior. It does happen but not like I saw in other areas, and I can easily mute and not see the idiots if I want.
This is true.
I think people "feel rewarded" on those platforms, even though they get nothing. Many actually like that trollosh behavior, they love seeing other people suffer.
I like it here. I am not going anywhere else, anytime soon.
I had a co-worker who was into FB, he was real happy when he got 5000 friends. I asked him how many he spoke to on a daily or even weekly basis, it was not very many. I am kind of glad I never got involved in the social side of the internet very much. I had a lot of fun pre-FB and youtube, but when they came around things just changed to much. Most of the change started with the before facebook site of Myspace. The death of the personal home page also had a big impact on my internet activities.
You are right. Crypto has had an image that has upset investors in recent years. However, sometimes there are very good opportunities. If the market is followed closely and opportunities are tried to be evaluated, huge gains can be made.
Lot's of opportunities here and elsewhere - just I think that there is a massive asymmetry in the potential return in crypto.
jaaaaaaaaaaaaaa your haird is with a little snow me too,
well the critpo space give is the oportunity to grow very fast and get the freedom financial, but this come with a little of stressfull, but if you do not bothering in short therm this bad times, of fallen market, do not affect much or you should be prepared for this betther than a people that are coming.
Best regard.
A little "salt and pepper" for me :)
In the down times, at least you can grow and collect stuff! :D
Just like living under the local minimum wage. I receive a pension-like income for my multiple disabilities, and nowadays I also work in a four hours per day packaging part time job, and my total income still does not reach the local minimum wage. This is Hungary. And financial discrimination.
My only hope to get out of the financial discrimination is Hive. Even if the income on it is uncertain. I am very grateful and very happy for every help and support I receive.
Happy New Year.
Have a nice day. All the best. Greetings and much love from Hungary.
That sounds pretty hard - but hopefully at least the work will close some gaps that the pension didn't.
I do think Hive is going to get more stable in the future, but the stability will mostly be for those who hold it, not just earn it. Earnings on here are like being employed, without any of the obligations on either side.
Happy New Year mate :)
I will focus on one point of your post: what happens if I drop down dead?
My wife has a list (updated monthly or so) where I keep most of my assets and how to get them. But keeping everything in sync regularly is a task on it's own :(
another thing is "would she know how to withdraw the assets?"
I guess I need to set up some training schedule :)
Yeah, get her trained and make sure that just in case, you have someone you trust to help. I have several :)
Really great point about not living on the income but instead holding it for the long term. I hope more are thinking the same.
Even a company as groundbreaking as Amazon lost 90%+ after the dot com bubble popped. A drawdown like that can flush out a lot of investors, especially those trying to get rich quick.
If interest rates keep rising we may see many cryptos continue to drawdown; that could make for a very long storm.
Generally a minority I'd say.
Most people don't remember the late 90s, let alone the late 80s recessions - they seem to think very short these days - want everything now - despite not being builders themselves - perhaps that is why.
Human nature I suppose. Hopefully the more posts like these encourage others to be builders and/or heed the warnings of history. Thanks for the reply and have a great day.
This was a lot to take in. I know a lot of people can relate. I might not be neck deep on hive, but I was on Steemit. After the crash in 2018, I realized how important it was to have other businesses asides crypto. I was working two jobs but had to resign from one of them so I could have enough time to write and engage with other steemians.
At the end of the day, all I want is happiness. I don’t want to be miserable so I am focused on being content with my situation. I’ll definitely aspire to achieve more but not at the detriment of my mental health.
So many came into Steem at the end of 2017 and thought it was the new normal , that prices would keep going up and they would keep earning steadily. By mid 2018 - they were claiming "scam!"
Hybrid approaches and multiple income streams is the way to go.
At last, now I have a compelling reason for the greying which isn't age related :0D
"I'm not going grey, I'm going crypto - it is far worse"
Haha, the reaction would defo be far worse!
I read erection.
Now that I read it back it seems to make more sense 😃
It is like that line from the famous rap song that went something like:
I got my mind on my penis and my penis in my hand.
Is that a song? Damn, that makes me feel good that it is not just something that I hum to myself that I made up
I am guessing it is mostly just old age :) If I remember right you and I are the same in that we don't depend on our crypto earnings for anything. We let the traditional world handle the traditional things and crypto is where we explore and experiment. That's me anyway. I definitely have more gray hairs, but very few are from crypto.
Posted Using LeoFinance Beta
Yeah, I am the same in that - and while I want the future to be crypto filled, I know the time isn't yet.
I don't know what causes some people to go grey, but it isn't always stress related - I know people who started in their teens, and they were under no stress at all! :D
Yeah, I knew a guy in his 20's and he was just about totally gray. Just something in the genes I guess!
Posted Using LeoFinance Beta
Genes for sure. Wouldn't it be nice to be able to have a "gene cleanse" and get rid of all the unwanted issues? Not before birth - just after you have had enough experience living with them that you decide - enough is enough.
Though, I wonder what it would be like to be 6 inches taller suddenly ... I guess I would need a bigger penis to balance me too.
Haha, yeah I could think of quite a few things that I would change gene wise.
You just outlined everything pretty well from your own perspective. It isn't easy to hold on. I think it is one of the hardest things to do. Especially when youre living off of crypto, the moment the prices goes down(which will always happen) you're beating yourself and feeling hopeless and the moment prices go up your happy and still drawn between withdrawing or holding on longer for higher prices.
I wonder, for most of us who already look at you as successful in a number of ways and you still have to work yourself up tirelessly on a daily to achieve financial stability for your family, it feels like we've not even started the journey. There's still a lot of work to be done and I know as greedy as we can get we can never get satisfied.
I've always beat myself down about not getting a steady paying income but whenever you go work for someone to get monthly salaries you get out through way more stress and get little pay. It gets really frustrating and then when you look at your crypto investment that promises to make you reach drop in price it can get psychologically draining.
We don't have much choice than to keep working as hard as we can while we watch our investment grow.
Thanks for inspiring me @tarazkp ❤️✅
It is an emotional rollercoaster. People aren't made for it long-term.
I don't consider myself successful here btw, but I definitely put in the hours!! :D
As I have said a few times, it is worth having multiple revenue streams from different "industries" rather than relying on one. I understand people using crypto, but not if it means they aren't adding to it.
Have a great evening :)
True, not everyone can actually handle such a rollercoaster.
Lol, not you though,other people do. Yeah and it shows, the hard work eventually pays off.
You just said it all.
Thanks for the reply @tarazkp
Have a great evening too ❤️✅
I see HIVE as a real job for a person. We work for years and save money for the future. We write, upvote or get upvote on HIVE blockchain and stake HIVE token that we earn for possible future living off.
It can be a real job, but not a reliable one. It is very hard to have consistent and relatively stable "income" from it.
I think that the crypto stuff is a lot like the old days of stocks, to some extent. There has been plenty of opportunity for folks and younger people to get into it but a lot of them didn't bother. Granted, I mean this more along the lines of personal accounts instead of institutional accounts like through work and stuff. I align the new crypto stuff with that mindset. People won't get in on it, like people didn't get in on Apple stock back in the day, and are kicking themselves for not doing that when "they had the chance" type stuff.
I think what's definitely more fun but at the same time absolutely more stressful, is the constant nature of it. Being able to constantly keep up on it and earn no matter the time of day makes it a much different atmosphere. I try not to stress about the ups and downs, I think I'll only do that when it comes time, whenever that is, to take some funds out from it all.
There will be many kicking themselves - especially many of those "professionals" who said the tech won't work and you can't make an economy without centralized backing.
Remember that the stockmarkets open in the morning, close at night and take weekends off - crypto is 24/7/365 and will never rest.
Yeah, and the 24/7 nature of it definitely makes it a bit stressful at times hahaha
No sleep - til Moonlyn!
Hahah epic method for using old Beastie!
I shave all my hair off my head so you don't see the grey lol. The beard is totally white though.
That is one way to do it!
My beard is turning too. Soon I will be all white :D
Some people experience it quite early so it isn't bad and some like it though
I also believe that holding is best for trading and i am also doing that. Yesterday my friend told me that he is down so much. I like your example that a drop in the ocean. Like this one!
Being active in the various communities does wonders for the learning and finding out about new opportunities.
Ever since I joined Beehive I have made new relationships with a lot of people. And I've seen some people just prefer to steak. I think they are very smart And there are those who are trying to get Rewad out as soon as possible. I think we should save up to 50% in power every month. If you wish to move forward in the future, keep all the hives together now.
As of now, amidst a lot of fluctuations and lack of proper required information, the true future of it is hard to predict. I so hope we soon get a fair and positive way to it. What do you say? And what do you think about it?
source
A drop in the ocean.
I guess when you are one of 8 billion people on earth you are indeed a drop in the ocean and seemingly insignificant.
I guess that’s why we need communities, so we can stand out and be or at least feel significant.
Especially if our happiness is not self contained and we are not inward looking for our happiness.
I guess that’s why I remind my that being self-sufficient emotionally, so that my happiness is internally generated, and I don’t need approval from others.
But then there’s Hive that challenges that, and in a way it reinforces it. Because if you are supported by people who like the way you write you don’t have to change to solicit approval, you just be yourself.
So perhaps this is what this quote means?
If you are emotionally self sufficient, you are your ocean.
Thanks @tarazkp this introspection reinforces my beliefs.
Posted Using LeoFinance Beta
:D
Bastard!!
But I think I had you in an earlier round. It has taken me days to get through gold 1, a few rounds into D2...
My turn for a win?
Sure is!
Hello Cranium :)
@tarazkp this is cranium trying to farm again :)