One of the great things about Hive, is that through engagement there is a near endless source of material to ponder and develop further into content. For me, this is massively valuable as it allows for a stream of conversation to be built online, where all participants are learning and fleshing-out their perspectives and ultimately, the way they approach their experiences, here and in real life.
On an earlier post on one of my favorite topics of 20 dollar HIVE, an interesting comment came in that made me think something I don't think I have thought about in this regard before:
Much like I replied, I wonder how many people here and in other aspects of life feel that something like building wealth is likely impossible, because they can't imagine themselves being in that situation. Much like @preparedwombat, I have been working hard over the last thirty years and also have a hard time imagining that I could be so lucky to fall into high amounts of wealth, because I haven't so far.
It is a growth area for me too, as I try to imagine what it might be like, but it is far easier to imagine it not happening and being where I am now instead, because well, that is what my experience has been up until this point. But., if I can't imagine succeeding, what kind of impact is that going to have on my activity?
Another person on the same post brought up the infamous 10,000 Bitcoin sold for Pizza and it is kind of the same. If the seller imagines that the future value of that Bitcoin would be closing in on a billion dollars worth a bit over a decade later, would he have sold? Unlikely. But, it isn't just the uncertainty of the future that does this, it could also be that he couldn't imagine how something he essentially got for free could make him one of the richest people on earth - I mean, that is a pretty crazy leap to make, isn't it?
It is hard to imagine such extreme outcomes, so selling at the "lows" that seem like "highs" at the time feels like the right thing to do, especially if there are life needs to cover - like two-pizza type of hunger.
I wonder how many opportunities I haven't taken in my life, not because I didn't think the opportunity wouldn't succeed, but because I couldn't see myself benefiting from its success? Now that I think about it, probably quite a few. It is easy to excuse it all away as risk aversion, but with a little reflection, that "aversion" might be the reaction of an inability to imagine a good outcome too, so the brain justifies the decision as being "too risky" rather than identifying it correctly as low-self-esteem.
While it might be that we don't have confidence in our ability to succeed, but perhaps like Preparedwombat was saying, it might be more because we have so much experience of the inverse, we just can't see it as plausible for us. Yes, we can accept other people having the luck of the draw, but not ourselves.
There is an interesting conflict perhaps here though, as a lot of people enter the lottery with the "someone has to win it" attitude, but when it comes to investing into something that has the potential to create a similar return, that mindset doesn't hold. Perhaps there is a time consideration, where the lottery is an "immediate win" and the lottery numbers are right, or they are wrong.
In crypto though for example, there is no immediate win, which means investing in and having to wait years to see what numbers were drawn. Humans are incredibly bad at a few things, one being having a natural intuition for the power of compounding, and another being predicting how we are going to behave in the future under conditions that we have not yet experienced. Most people say something like, "If I was rich I would..." but the evidence suggests that *most people wouldn't and end up acting more on their defaults than their new-found potential - which is why so many lottery winners end up worse off in the future, as their wealth has changed, but their relationship with money has not.
This is something we should all consider, not because we are all likely to become wealthy, but because in a world where we have to continuously interact and negotiate with the economy, if we want to affect change in our lives, we have to understand where we are coming from so that we can hopefully make changes that lead us to better outcomes.
As said above, this is a "growth area" for me and likely for many, but I think that one of the things that has happened through interacting over the last five years in this community is, my paradigm is shifting from a scarcity mindset to one where I am a least not only letting in the possibility of abundance, but also the potential that indeed, I might be able to experience a little of it too. It hasn't been a comfortable journey and has also resulted in me changing almost everything in my life by way of how I visualize and interact with the world, but in doing so, rather than not being able to see myself as wealthy, I have been able to do the preparation, just incase it happens anyway.
I don't know how many people relate to this in some way, but for me, considering this has opened my own eyes to the realization that like nearly everything in my life thus far, the biggest hurdle in my way, is once again myself. Personal mindset matters a great deal to how we approach the world and if we can't even see ourselves in a better situation, what are the chances of us taking the steps to get there?
Hopefully, this brings something for you to think about too.
Taraz
[ Gen1: Hive ]
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Honestly talking... if it wast for hive and the support form HIve community, my art couldn’t have been as great as what it is now. I’m not saying my work is good, not at all. But the little progress and value I have attained, have everything to do with this community and the people in it. People like just yourself and your brother... so Thank you! 🙏🏻💚
This is what I like to hear! It is quite amazing what a little incentive can do to the direction our development takes - something that the world needs to understand. Currently, incentive is aligned toward narrow profit, not general improvement.
You are always welcome :)
The future is bright... 💚
This is also a growth area for me. Ironically, I was born into a pretty well-off family, but I always had the specter (held) over my head that it can all be gone in a moment. When my parents divorced and I went to live with my mother it was also a journey to the low end of the financial spectrum.
Moneywealth isn't really a "thing" so much as it is a mindset.That, right there, is one of the great truths of existence, and why anyone who claims their life would be perfect if only they won the lottery actually has little clue what they are saying.
The post I wrote yesterday about a "stroke of fortune" was interestingly enough also an exploration of the truth behind money. As part of the exercise, I realized that the "stroke of good fortune" that would make life better was quite modest: Just enough to erase the consequences of medical debt incurred 10 years ago that has left us in eternal catch-up mode ever since.
Are we "worthy" of more? Sure... but to what end, exactly? A measure of known security in our old age, perhaps...
Very interesting exploration!
Was it a bad luck or mismanagement? Sometimes I wonder if I had parents who were better managers of value, I would have learned lessons that were useful, rather ones that took years to overcome.
This is a question I have often asked myself. Do I want to have wealth to buy all the toys I want, or do I want to be able to do something useful with others? It is definitely the latter, but I have come to learn that for me, I am able to help the most when I am not under constant financial stress. The problem with so much of the world today is people "forced" to do things to pay the bills, but never having enough to collaborate with others to build a better world.
While I've never thought of it that way myself either, I have to admit I resonate with what Wombat says. Perhaps it's a normality principal thing. I was just thinking yesterday how growing up with little meant that being careful with money, mending instead of replacing, buying second hand and hunting for bargains in the supermarket had become so second nature, that even when we could afford more, we still did followed the same habits. It means we had more savings behind us when things did crash down again, although each time it happens they get smaller and smaller.
This is the challenge I have faced. No matter how much I save, the cost of living gets more expensive, so it will be whittled away eventually. There is a limit on how much can be saved, (almost) no limit on how much can be generated. The thing is, the corporations take the "limitless" approach for profits, extracting increasing amounts from everyone who try to save more to make ends meet.
There must be a better economic process than extract to nothing, revolt and repeat.
I'm sure there is, but inflation is how the people at the top extract their riches from the populous, so I doubt it'll change in that regard. I feel like we're reaching or are already in the "extract to nothing" stage.
Thanks for putting up this post @tarazkp,reading through the comment opened me to a lot...having the right perspective and mindset is key.
I am glad you were reading through the comments! There is a lot to learn from below the post, many clever people around.
I guess it depends on what mentality you go in with. Like buying a lottery ticket. hoping that one ticket will make you a millionaire.
I think that to make crypto pay off, it is a lot of hard work, learning new things to apply, and being willing to take calculated risks. No risk, little gain I found. Or, if you are patient, you can let it work for itself, negating that big payoff that we all hope for.
I truly was skeptical, building wealth this way, literally something for nothing... time, but, who can put a price on that. You could post only and build. No money involved. Where else can you do that? I still didn't believe it. Diversify it, build it faster. Who knew? Who believes?
How can we not?
You built this, but, make sure you take some time to enjoy all that you have done. And Brava!
I wonder how many people over the course of the last 5 or 6 years owe their financial position directly to this community. There must be many. Some who aren't here now have used what they earned to buy land, houses and cars, get deposits for mortgages, materials to build with - there literally must be tens of thousands of people who have been significantly helped by Hive. hundreds of thousands who have had some help.
I always hope that people don't sell themselves short, but not looking long enough though.
I know so many that cry they took so much out, but, only when Hive pretends it's mooning. :)
I just had a curious image of myself as someone with vast wealth. What would I be? In short, a mini-state headed towards bankruptcy. To elaborate, I would probably fund all kinds of people and activities I like from an idealistic point of view but have no idea how to extract profit from.
As in...
Fortunately, I have time until I reach that point so that I could learn how to make win-win plans that work. Cause...being a copycat of someone who had something that worked up until now...kind of sucks and fails more often than not. It's finding the next new thing that's difficult but at the same time, meaningful.
Do you remember the Richard Prior movie "Brewster's Millions" ? :D
I like the idea (and application9 of living a meaningful life. In my opinion, that requires helping others build their meaning too. Too many at the moment are only in it for themselves, that I reckon they don't realize how rewarding it is to do something together.
No, I don't know about that movie but I think I'll go and familiarize myself with the plot, at least.
I might already have this attitude and spend minor sums in such a fashion as symbolic gestures but still...good plans should lead to sustainability. A gesture can become a project. A project can become a policy. If it works. So, the goal is to be able to spread policies around. Much like the NGO funds that take up their own causes.
A drop in the ocean, in the end. Larger sea mammals generally make larger splashes, though.
I think eventually all of us that are here now, working hard on Hive we will eventually hit the million given some 5-10 years from now. And we just need to continue our life like it is, money are not meant to change your life if you are true to yourself. If not, you will always want something more. A million and you will want two, two and you will want five. Greed never ends.
Greed knows no bounds - but at least when it comes to direct earnings here, the community isn't unlimited :)
And another thing we humans are bad at is having patience. To see the returns on your investment, you have to have patience and we don't have it. We want to plant a bush now and reap the fruits in the short term. I remember once reading a post of yours that talked about how women, compared to men, are less risky in economic matters. Although I have tried to overcome some fears, it always causes me apprehension not to be sure of what I am investing in. Maybe that's why I have missed not one but many opportunities to make a profit. However, and in spite of all the economic problems in my country, Venezuela, I have managed, thanks to Hive, to have some of my needs covered. Of course, the ideal would be not to be limited but to talk about economic solvency and I have faith that this will happen soon. Hahahaha.
Another thing: With only a few days left for this year to go, I must thank you for being an essential part of this rewarding, enriching and hope-filled journey that we make in HIVE. May God bless you and your family. I embrace you tightly, @tarazkp
We all seek security, even though it is largely an illusion we can never find.
I like hearing this and hopefully, it will also include some foundation for the future too.
You are most welcome!
It's something you either have within you, or is born after years of struggle. I got mine from realizing te success that other people had and feeling I could do the same if I educated myself and took action.
A high school friend of mine received a window washing business from his buddy who was leaving the Us for good to start a new life in Europe. The man had no family to speak of, and gave him the business for a nominal sum because he knew he was honest and was actually the only one that inquired about it.
I knew my friend was a good person and was inspired by his success. It illuminates the possibilities available if we simply act instead of passing an opportunity by.
I live in what I call a 'crypto desert' where if BTC dropped to a buck for 24 hours, they stm,ill wouldn't buy. So I know that this requires a certain type of person. One with *The Possibilities Mindset.*
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I am glad you were able to learn from others, I took the "years of struggle" approach :D
I like the idea of a possibilities mindset, and I think it is interesting to combine with something I call "psychological pyromania" which is imagining he worst case scenarios of an issue and then looking for ways out. Once finding a way out, I remove that as an option and look for another - rinse and repeat until I am stuck with no way out. It isn't pleasant, but it is calming to get to that endpoint and realize, *the worst case scenarios with no ways out are extremely rare.
My girlfriend and I had a similar discussion last night but in relation to relationships. We have both been through some rough relationships and while it's easy to imagine the possibility that perhaps this one will be great and full of opportunities and growth for both of us, it is difficult for us to imagine that it could actually be true. I think of all the good things we could have but then I think "nah, we probably won't" because my experience has been that no one can actually love me and let me love them. She feels similar.
So when it actually does happen, it's mind blowing and almost incomprehensible.
I feel the same about money. I spent years wallowing in debt because my ex spent money like a firehose. Then she left. Now I can pay bills and have enough for some bourbon at the end of the week. I'm still scared that maybe I'm missing something. I can't possibly be comfortable, I don't deserve it.
It is sad isn't it? We go into our relationships carrying all of the baggage that will ruin hem, and even when we know this, we fall onto our defaults anyway...
Ice. ;D
We live in a strange world of personal conflict and I don't see it getting easier to negotiate with. Hopefully it all works out for all of us.
I talked about this situation in my post today. Many people come here to earn good money in a short time, especially when the price is high. So, this mindset can't perceive that patience is an invesment too.
I think situation might also be valid in case of $20. What would we do? Probably, many people would sell much of HIVE they stake. However, I would wait and see.
Nothing worth doing happens fast it seems and investments are always slower than what we would like them to be. But, when that reward does come, it often seems like it was just yesterday that we were worrying about the future.
It depends on when you bought and, how much. if 20 dollar hive means having 4 million dollars in my account here, I might consider selling a bit to diversify :)
That money would be enough for your family of seven :)
I could have never imagined having a small success at doing something I love...writing fiction and digital art. When my account reached its highest peak at $36,000, it was a bit unsettling. Should I stay with it or grab and go. The thought was fleeting, as I realized it wasn't the amount of my account that kept me here, but the prospect of continuing to do what I love and be rewarded in the process.
In realizing the worth of my account, I then realized I had the opportunity I didn't have before. I could utilize it in a true sense of investing in the future. I don't know where Hive will take me. But for now, I'm going to enjoy what I do and not worry about whether I'll double my account value. I realized at the outset of my journey on Hive that my security doesn't come from the size of my online Hive Wallet.
Thanks for providing a topic to ponder.
It is quite crazy to think about the recent amounts and still feel - it is worth holding on :)
This is important. Many people seem to define themselves by their economic wellbeing and, judge others by theirs. Life is more complex than that.
It is an interesting reflection. We all understand someone can become a millionaire playing the lottery because we understand the rules of the game, they are crystal clear when we enter the act of purchasing. On the other hand, investing is a game with no rules, many factors come into play, and the most important ones are the psychological.
Being in crypto now is already a win if you do not focus on becoming a millionaire but on jumping into the test/error/learn cycle. This is not a lottery game, although sometimes you feel as it is when getting some airdrop which ends up being a decent amount of money. This is a growth game, where you can learn about the new opportunities appearing every week and decide if you want to try or not. Many of these opportunities offer you a way to test and learn with a ridiculous amount of money to get familiar, understand, and be prepared to join when a new opportunity appears a bigger amount next time.
But to come back to the topic, I just do not think about becoming a millionaire, but I think about reaching a point where I can completely forget about money and enjoy life.
I agree. I believe that many people here who will never become "rich of Hive" will increase their financial and personal wellbeing, just by learning here.
Wouldn't it be nice to have enough, that thought about enough was no longer needed?
@tipu curate
Upvoted 👌 (Mana: 64/84) Liquid rewards.
Thank you!
As always :)
It's always a pleasure!
I honestly admit that I do not believe in the story of 10,000 bitcoins given for pizza. Technically, this trick would not have worked at that time.
As for the fact that a person is his own worst enemy, I completely agree.
https://nypost.com/2021/05/24/bitcoin-pizza-guy-who-squandered-365m-has-no-regrets/
Thanks!
I wish it was easier to get out of our own way :)
This point actually brings about having a positive change for the future because we all have our past and things we've been through, so looking at where we come from will definitely hinder one to pursue success to eradicate that past that needs change.
We all have a past, some people use it as a resource to life them, some as a rock to weigh themselves down with.
Yes, it is. As strange as it may sound, you have to feel rich to be rich, to act like one. Not the other way around.
Oh yes, thank you!🙏
We are pretty poor at aligning ourselves so that our actions, thoughts and emotions are in sync with each other.
I would call it our test or journey through this world!)
As I was thinking about this I realized that there is a big disconnect between building wealth and getting wealth and people need to realize they aren't that far apart. For example, you might not suddenly find yourself sitting on 1 million dollars, but if you are collecting 1000 SPS per day passively, you will quickly find yourself up 1 million dollars over the course of a couple years.
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People aren't made to have an intuition for these things - it is more "I am hungry, must find food" mentality by nature. But, that isn't the society we have built and definitely not the economy. We need to break our default intuitions and instead, improve our processes that lead toward our goals. Easier said than done, especially with uncertainty on what leads where, and most importantly, what we actually want to accomplish.
You are right, given that a large portion of the population lives the paycheck to paycheck lifestyle(by choice or not), it is easier to understand why long term planning isn't something they are adept at.
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Dear @tarazkp, I agree with you!
The ruling classes in the world I live in are punishing the ruled for defamation, insults, and dissemination of false information in order to prevent their secrets from being exposed on the Internet.😨
They want them and their descendants to inherit wealth and power forever by monopolizing all the information in the world!😨
Anyone who advocates decentralization and the proliferation of cryptocurrencies like you would be a criminal where I live.😔
What you might want to consider doing is stop being bitter about your experience and conditions and start focusing on doing things that empower you to be your best.
Dear @tarazkp, You are correct! By the way, Could you live in prison of world I live in?😅
You will be a criminal who deserves to go to jail in the world I live in!
That part of the last sentence, I was looking at it, and re-reading it several times. For myself should Hive make me a lot better off than I am now, it would be nice, but then I have the reality of my life, my health, and my longevity to think about also.
So I need to start seeing not only myself in a better situation, but I need to learn to see others in a better situation also. I don't want to leave more than is absolutely necessary behind me when my time is up, I also do not want lawyers to get the majority of what I have left, so hopefully when the time comes, I have a plan in place and time to implement it.
This is part of having a meaningful life in my opinion - meaningful to others as well.
Gift it to the people you think will use it to empower others?
That is pretty much it. Governments and lawyers rarely look at helping others, I would like to be able to gift a lot of it out, some to small scale animal sanctuaries, and some to random off the street people. But the majority to the small scale animal rescue people.
I wonder if there is the possibility of a "stipend" kind of thing on Hive in the future, or a foundation using Hive power that is managed by a DAO.
I would like to see more charity offering available, I may not "donate" much, but I can still give my vote to them.
I think in the future someone should try to develop a foundation on Hive, not the kind that Ned wanted over on steem, but a real foundation that can provide assistance to people oriented organizations, veteran type orgs. and other charities that are not top heavy in people running them.(red cross to name just one), but a place that 98% of the incoming donations are dished out.
Yes. I think this is going to be one of the common usecases for decentralized blockchains and DAOs. There are the charity organizations now that are doing a decent job, but they could empower their efforts further by cutting out a lot f the middlemen services and removing the "business of charity" from the equation near entirely.
👍👍👍👍
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