Bubbles of Gold and Sold

in LeoFinance3 years ago

As I haven't missed a day posting in five years, it means that I haven't had a weekend "off" in that time either, which is kind of strange, as it doesn't feel like it has been that difficult to do.

Of course, this isn't work in respects to a normal job and one of the things I love about it is, I can work when I want and how I choose. Sure, the "how I choose" is going to come with various consequences, but still, every thing we do has an effect, whether we like the outcome or not.

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My wife doesn't really understand what is going on here and she doesn't fully understand what it takes to keep everything running. This is common in a relationship, isn't it?

For example, the car remotes both had the batteries dying (the car warns) and I asked her to look in the book at which size battery and how to open them. This was a couple weeks ago and while she checked, all she decided was to take it to a service point and have them do it. Today she noticed I was using the main key and asked if I had had it changed and yes, I did it last week after googlibg it myself. When she asked how it do it, I said, either Google it to find out or don't bother, as she will never change it herself anyway, because either I will do it or, if I am dead, she will get someone else to. This isn't the kind of thing she is actually interested in learning

She knows it. I know it.

But, this is also the problem with all this crypto crap, as it seems too technical for her to get (in her opinion), but it really isn't and, she is going to have to learn at some point. It isn't like changing a battery in the key fob, it is managing personal finances and if you aren't willing to learn how to do this at least partially independently, you are going to have to depend on people who may not have your best interests at heart - like a bank.

A lot of people live in a technological bubble, but an Internet search goes a long way in solving pretty much any problem. There is so much troubleshooting material out there on even the most obscure of technologies, that it is just a question of the right search terms and a little trial and error. However, when it comes to financial troubleshooting, where do you turn?

Where do you learn?

How can a relatively uninformed and disinterested person tell the difference between the real shit and bullshit? I shudder to think what the outcome would be of someone unfamiliar just used Google to work out where to invest their money, or my money. But this is what my wife would have to do or, she'd go to the bank and ask them, because you know, financial managers know all.

It isn't the technology that is hard in regards to crypto, it is understanding investment in general, something that most people either have no idea about at all, or palm off to a managed service of some kind. Of course, this isn't their fault as, ain't nobody got time for that...

except for the people who make the time.

There are of course people who realize that they are going to have to actively go out there and do what it takes to get the knowledge, skills, network, relationships and whatever else is required as a resource to get what they want from life. This is contrary to most people unfortunately, as while most do realize the deck is stacked against them, we just aren't that active to discover if there are alternate wats or, develop them ourselves.

I think that it is pretty easy to see from inside Hive from those who have spent the time learning here or, have spent time discussing crypto with non-crypto or crypto skeptics. Have a discussion with them and while they raise many arguments as to why it'll never work, the arguments are not their own, they are from media articles that are outdated, irrelevant or just plain wrong. So, what happens when these kinds of people go out and look for the "right information" to manage their personal finances and investments?

They get taken for a ride.

Sure - we in crypto and on Hive are living in a bubble, but that doesn't mean others are not. There are informational bubbles everywhere and for the most part, we start to believe what we are surrounded by. Yes, we are surrounded by crypto - but everyone else is surrounded by the status quo - the information that they already know is working against them.

Who is the fool?

Is it the one who stays in the bubble that they know doesn't work or, the one who at least introduces new opportunities and therefore, new outcomes? Yeah - I might be a fool, but the better the devil you know approach to finance as someone who isn't currently benefiting from the things as they are, is fooling themselves.

But it feels safer.

We all like certainty, but active investment is always a conscious decision into risk exposure. Passively making the decision to stay "secure" in the status quo however, only gives the illusion of security as over time, the highly likely degradation into a worse position is going to happen. The line is relatively shallow as it is spread over a long period, but it is a steady movement downward and then inevitably - we look for who is to blame.

Check the reflection on the surface of the bubble.

Taraz
[ Gen1: Hive ]

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Well, i can't complain, mine is a saver by default, and ask me if I can do it before paying for it, whatever it is this about. This is how I end up gardening or building stuff, even if I am working of the computer mostly. Still, cannot complain, i always learn fast, and in the worst case, I put a wire cutter through my hand or something like that (took me 6 weeks to recover after that). And yes, she will totally pay 'the guy' if something happen to me. Her portfolio has 20 XTZ, and nothing else. She is doing Coinbase free tasks and exchange it in XTZ for 4% interest, as a strategy. If this is not saying it all....

i always learn fast, and in the worst case, I put a wire cutter through my hand or something like that

Ouch! I watched my brother slip and pit a small screwdriver through the base of his thumb - he went quite white.

And yes, she will totally pay 'the guy' if something happen to me

I have one or two people I trust who will help her out if needs be - but I do think everyone should learn.

as a strategy. If this is not saying it all....

:D

Hey Taraz

It's interesting, replacing the battery in one of those car keys here costs A LOT of money if you get someone else to do it. Far more than I personally can justify spending for something as simple as changing a battery. A few years ago I had to do it and you wanna know what the hardest part was? Opening the fucking thing! It was like one of those Japanese puzzle boxes and took me a good 45 minutes to figure out.

I will happily do something myself if I can, but I do kinda understand your wife's hesitancy about crypto, we sometimes have to remember what each of us was like when we first set foot in the crypto sphere...and we all botched things at least once. Ahem need I mention a certain brother of yours even recently did this with a few thousand Hive?

It would obviously be better for her to start learning sooner rather than later. Would she dedicate herself to learning because she's not interested in crypto or Hive? Well if she has a good idea of what is at stake (lol see what I did there?) and you would be teaching her what she would need to do with your 5 year's worth of legacy earnings on Hive, then I think she would apply herself.

Have a good night :)

A few years ago I had to do it and you wanna know what the hardest part was? Opening the fucking thing!

That is what I needed to Google!!! :D

Yep - I remember being a noob and now, I feel like I am a noob again! He made a bit of a cock of it, but hopefully it is a lesson he remembers :)

The funny thing is, she knows what is at stake, yet doesn't want to understand how to manage it - perhaps she is scared of the cost of errors :D

Thankfully my wife has been taking some interest here and there with crypto but with managing the business she’s not got much available steam left to learn things. She’s aware of the things that we’ve got for crypto and the things that do well from a posting side here but she doesn’t know much about keys, strategies for what I’m doing and all that. We are a lot alike though, both very conservative with strategies. I’m not into dropping lots on DeFi and liquidity pools and all that, more risk than I want lol I think she would likely say the same.

I know it’s not your style but post scheduling helps me when I need a night off from writing. I’ve been slacking since I got back from vacation and have to get a few posts done a night so I don’t mess up my 1.5 year streak but that’s the thing about life, ebbs and flows sometimes! I’ve been getting tired more with all this house packing shit lol

Dude I feel you on the house packing, sucks donkey ass for sure.

Scheduling helps a lot, I still think that once you get into the habit of posting every day, it becomes a bit of an addictive thing. Not a bad addiction to have though compared to others :)

I am jealous - my wife knows about the writing stuff, but hasn't much idea about anything else going on - she isn't interested enough to stay awake!

May have to schedule one or two for the weekend, just to make sure!

Haha her understanding is certainly cursory! She doesn't know a whole lot about where it goes but she knows that it unlocks the account so that's a start!

Scheduling is good in some regards to take some pressure off. If you're having a fucking awesome night of shit just churning out onto the virtual pages, keep it going and schedule another one or two!

My translation of "Check the reflection on the surface of the bubble" is to try to read the movement of every information bubble that surrounds our daily lives, especially in this super fun #HIVEcommunity.

Only a few big bubbles I was able to follow. I pay great attention to #LeoFinance's big bubble. Here I get new knowledge about the progress of cryptocurrencies.

As your suggestion that I will remember forever, that we must not only read, but must rewrite and must practice it.

I thought, this is the reflection on the bubble that I have to do. As for the bubble bursting when the time comes, that's another matter.

The next bubbles will always appear and we can always reflect if we want! It's just a matter of our will.

We are essentially in bubble clusters I think -a few at a time, often not realizing how segmented we are.

A bubble burst is okay - as generally it is followed by a recovery from those that are worthy to go on. Hopefully, we can be part of them :)

Well, my wife tells me about selling my stack, about 3 times per week. This funk money that is suddenly worth 20000 USD is a golden opportunity in her mind. But she doesn’t understand it didn’t come suddenly. I put in the work every single day for almost 5 years now… And 20k is far from where this is heading!

Just think about having a few thousand in crypto 5 years ago... Five years ago, I had been "in crypto" for three months and was just starting to trade a little for the first time in my life :

Times change!

My point exactly!

when it comes to financial troubleshooting, where do you turn?

Since I work in the finance sector, I turn to myself :) Nonetheless, I think this is not enough to fully understand cryptos and HIVE blockchain. If she is uninformed, she will solve step by step in time. If she is uninterested in, it is not possible. You know some people behave like "Don't take the road you don't know"

because you know, financial managers know all.

As long as they have enough experience and improved themselves.

Uninformed is fine - disinterested keeps people uninformed. I guess though - it will be her issue - I'll be dead. :)

You had better keep your nose out of her business 😁

But it feels safer.

I have been shrilly screaming in my journal about exactly this for the last couple of days.

Though we're probably screaming about different things triggering the same reaction XD

Ever notice how many different paths, lead to the same place?

Yeh. We might be screeching about the same thing in the end but all I really noticed last night was the same reaction to different but probably related things.

I remember when I was dating my current hubby that i was almost a bit 'afraid' to tell em on how I spend time on HIVE and how it works, because honestly...If girls do some tecnics like this and the dude isn't into it, that is like 'okay she is a nerd, run while you can' type of situation.

The words that he was nerding in blokchains as well was the biggest relieve ever, also because of the amount of explaining which you just don't have to do. He gets why I am doing this, and what the goal is..Life saver

Lol I totally get this actually and can understand the relief you felt by not having to try explain. I tried to explain Hive to my brother in law once and I obviously did a really really shitty job of it because at the end of it he looked at me and said "oh, so in other words it's a pyramid scheme"... Sigh... that was the last time that I told them anything about Hive or crypto.

my current hubby

:D :D

So few people I know (IRL) are into blockchain at all and, I work in a tech company with a lot of nerds.

You are lucky. When you get your next Hubby, perhaps I can get this one to talk to ;D

I'd like to see some system to track daily activity very visible. Makes it easier to decide on pursuing deeper engagement.

Btw. your badges are bananza! Out of this world.

yeah I agree - shouldn't have to search so wide and deep to get at least some engagement basics and perhaps general financials.

Btw. your badges are bananza! Out of this world.

The Hive buzz ones?

Yap, the Hive Buzz once. You must be the Highscore holder on lots of them.

Would be nice, but I think Taskmaster has far more by the looks. He outstrips my earnings by 40% and that is only on his TM - the leo account gets massive support too.

Didn't know there was an ongoing duel :p

I'd love to think that your looks are better, but I generally prefer girls, so what do I know,

No duel - but I gotta hope I am better looking too! :D

All very true and I need to keep learning certain aspects as I need to be more confident. One can always have enough to pay someone to do it but that isn't progress as you are always reliant on someone besides you. We have all come a long way on here and there is still so much to learn. For me a day off is only doing one post instead of two which I spoiled myself last week having two of those days. I think we all have those times when we are just shattered and need a slow day.

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as I need to be more confident.

Confident, but careful enough still remember :)

I have had a few slow days the last few weeks - I have been trying to get a little sleep in - how are your slow days going?

Always careful more than ever these days. Everything slow in the outside world currently as business is suffering as we cannot get raw materials enough to supply normal needs. Basically all on hold and doing serious damage and dread to think how many customers will be left and maybe a start over scenario or reset. Just don't know anymore as the years of work that has gone into this you wonder what for. I can turn it around and will give it another crack but still think I am in the wrong country.

:/

The supply chain issues are ridiculous - two + years of this shit now - the only break coming, is when we snap.

We all have our strengths...lol.

Crypto/personal finance is one thing that can't be delegated unfortunately. We all have to learn sooner or later. She'll come around, at least she has you to put her through when she's ready

I hope she starts taking an interest in it one day - I think it would be valuable for her to understand not just the finance side, but the community of it too.

I think technological bubble is lacking the transparency and everyone i subjected to be exosed with wrong perception. But, the good thing is that you can get every possible solution ever existing and you must have the basic knowledge to pick up the appropriate one.
Nowadays many people are just hyped with many crypto projects and make tremendous loss at the end and blame the sphere. But, there are so many people are around us who wants the progression should be slower to make them more dominating in the sphere.

As they say, Buy the FUD, sell the hype.

A fascinating piece of writing, about a reality that concerns us all. Because, in our environment, we all meet people who do not want to get out of that bubble that limits them... It happens in our families, it happens in our jobs and with our friends.... So it is something that is difficult to face.... I consider myself lucky to have read your writing on this subject.... And I consider myself very fortunate to be able to share it.... Thank you very much!

It is difficult to break the cycle. I think these days, people identify with themselves as doing certain things, so then, change means "becoming someone else" - rather than evolution.

Ha, yep I can definitely relate.

But I just go back to relating crypto with the internet itself.

We had the same conversations about people 'not bothering because it's too hard' simply logging into the internet.

Now it's second nature because front-ends make it so easy.

This will be crypto and the decentralised networks they operate on top of.

Eventually...

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Have you ever watched old news reports talking about internet or email? It is pretty funny.

People don't remember the complexity of the protocols below their porn searches...

I'm glad to be a fool myself then haha!

Nothing wrong with looking like an idiot - for now :)

Come on @Tarazkp !!! I ain't got time for that...😂😂😂
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Hats off to you for posting every day for 5 years. That requires a lot of discipline and determination. I have been posting every day since the end of March and I hope that I can maintain the momentum. When it comes to investing my hard-earned money, I prefer to learn to educate myself rather than trusting solely a third party who maybe just ineterested to earn a commission.

have been posting every day since the end of March and I hope that I can maintain the momentum.

I don't know if you watch a lot of TV or Youtube, but they kill creativity :)

Very good advice.

Every individual must learn how to manage his financial affairs and invest it correctly and independently in real life. There are people who unfortunately have money in banks who don't employ it or invest it in a useful project. They are satisfied with a small monthly income and suffer in conduct of their lives. Banks are only exploit station.

The small income from bank interest is actually a negative, once the inflation rate is factored in - it is crazy.

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But this is what my wife would have to do or, she'd go to the bank and ask them, because you know, financial managers know all.

Uhm... I suspect you will have to southparksize her a little bit. ;o)