I haven't traded very much in the last months, even less in the last month due to my inability to make good decisions - which is an affliction I have suffered with since birth, but has been enhanced with the lowering of my cognitive skills. However, sometimes I get lucky and happened to be sitting in Binance bored, saw RUNE at about 3.50 and bought literally about three minutes before it moved into the 4.20s. Not too bad.
Yes, that was my local time trading - which is probably why I make so many bad decisions. RUNE hit 4.40 and at the moment moving up that way again, but even if it falls back, I think I will hold onto what I have and hope that it will go back toward the past 20 dollar range it was. Considering I bought some at around 60 cents on a whim, I am not doing too badly, though I should probably have bought more and sold more.
I am perhaps unfortunately one of those people who holds when the bubbles burst, watching large amount of value trickle away, hoping for a turn that doesn't come. However, in the past I have also sold trying to beat the markets and have been caught out as it spikes again, squeezing me out. I am guessing I am not the only one who has got caught out by market movements and every time I think I have learned something, it happens again in the future.
I have found my habits are hard to break and one of the things that catches me out is my optimism that things will turn around. While this costs me a fair bit in hindsight, I tend to also do okay as when things do move, I generally have something that increases in price. Of course, if I had made "perfect" decisions, I would have retired years ago - but that is not the way it works, at least for me.
I am always wary of people who talk about their trading prowess in percentages but seem to live a life of extreme scarcity. On Hive, there have been many, many people who have essentially bragged about their financial independence at various stages, only to whine heavily when they cop a few random flags. Even for the people who are earning relatively well on Hive, it is likely far from enough to really make a difference to someone who is truly financially independent.
For me, my Hive earnings were what gave me the possibility to start trading and investing way back in early 2017, but now all my earnings pretty much get powered up into more Hive. I think this is one of the benefits of not needing to live off profits, which allows me the space to roll what I earn back in, rather than extract it out to fiat and lose the future potential of it.
While I completely understand this isn't the case for everyone, I do think that a lot of people could be in a far better position if they had been a little tighter with their crypto over time. However, we each make our decisions on what is important to us. For example, I remember one person saying that they need to use their earned HIVE because it was the only way they can buy cigarettes and beer. While that is fine, it made me not want to support that person because they would often complain about not earning enough on the platform and four years later, they are likely still complaining. If they had complained less, created more and powered up without the extras for that time, they would definitely be able to earn that beer and cigarette money for the rest of their lives.
But the fact is, most aren't willing to work or wait, let alone go without luxuries for that long, especially when there is risk and uncertainty. I think a lot of the consumption culture these days is around people spending because they feel they deserve to have something, even if they can't afford it, hence the growing debt globally. For me at least and perhaps a minority of people, there is a greater sense of satisfaction in going without now if it feels that in doing so, the future will be better.
Honestly, I wish things were better now and that I didn't have to have the financial concerns I have, but I don't see the point in easing difficulty a little bit now, if it means having to constantly be in economic difficulty with no chance of escape, other than hoping to win the lottery. The "go without" is far easier to do when it is an opt-in decision and not forced, especially when there is the feeling that deciding to have a little less comes with the ability to build a better foundation and actually see it happen.
One of the cool things about crypto is that not only are we able to take responsibility and make our own decisions, we also see quite clearly how we are performing. We can see what works, what doesn't and even have open discussions like this one with other people who are doing the same, similar, or something completely different too. There is more transparency in our activity, giving us an increased insight into the dynamics of the conditions, markets and ourselves.
Bubbles grow and burst, but when they are attached to a maturing industry, eventually they start to settle, lose volatility and become far more reliable. I don't think I am the only one in the world that sees the industry developing rapidly and the volatility as part of the process needed for it to stabilize. These bubbles will look tiny and insignificant a decade from now in comparison to what is going to be generated and the small trades and percentages might become masterstrokes of the future, for those who held.
Each day we make our decisions and tomorrow brings the opportunity for more to be made.
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Beta
Holding is a risk → it may go to zero one day.
Selling is a risk → it may 5x or 10x after we sell with a 20% profit.
Not investing at all is also a risk → we miss all the opportunities we don't take.
When we make a decision, we are chosing one thing over everything else.
Lol, that's why most decisions are so hard. We want it all to be right and exactly to be the way we expected😅
Hopefully, those would add to my mistakes while young and dumb, not lifetime regrets😅
Every move has a cost that could have been spent elsewhere. Not moving has a cost also, as it take energy to fight change to stay in place.
Lifetime regrets are only for a lifetime if nothing is done to correct for the past.
I am the same way with my holdings. I usually hold onto them too long and then I end up missing out on the big opportunities to sell. I am looking forward to the next push and I am hoping that I can make some smarter decisions this time.
Posted Using LeoFinance Beta
Let me know when you are making smarter decisions, please! :D
Will do!
Posted Using LeoFinance Beta
That first image...I don't remember teaching her my death stare! 😁
She has it down pat.
Posted Using LeoFinance Beta
Lol.
Love it. That's one trait never to compromise on
I think this is why more people don't suicide :D
Posted Using LeoFinance Beta
I definitely feel like I deserve to have something but life seems to think otherwise XD
lol naaaah I'm doing all right
I much prefer the bubbles small is playing with to market bubbles x_x
Having nothing is considered freedom by many - until they get hungry. :)
The bubbles are fun. I would like to do a proper photoshoot with them.
Posted Using LeoFinance Beta
I think I bought some bubles (cryptos) before bursting, but I don't care. I have been hodling and I will go on. There is much to wait.
I reckon most of us have bought bubbles of something that become drops of nothing.
Posted Using LeoFinance Beta
For you to be successfulI in any thing u do in life.patience,endurance,determination must be found in you.in crypto business you have to start small and grow with patience.
Patience is a virtue, as they say.
By the way, you have posted this 5 times over the space of an hour :)
Posted Using LeoFinance Beta
I am still holding steady Hive wise. One year to go and then the serious evaluation starts for me on learning or not learning how to get and maintain a KYC account so I can make deposits and withdrawals.
For new user reading his post, here is how re-investing the vast majority of my Hive earnings have worked:
June 2020, Curation Rewards = 43.468 Hive
June 2021, Curation Rewards = 69.614 Hive
July 2021, As of 7/24 Rewards = 75.143 Hive, (Hard Fork 25 effect)
That is with a weekly average of 265 votes cast manually on things I look at read and comment on. No auto votes at all. I may not look, read, comment on everything I vote on, but those blind votes are on peoples content I have enjoyed in the past.
There is still 7 days of curation to come in, I may actually double the rewards from June of last year. Powering up of an estimated 90% of all my earnings, some going into Hive engine tokens.
That is decent and I am glad that the hf25 effect is around about what I suspected. depending on how people were voting, most manuals get a bump of 10- up to 20%. Pretty decent!
It is very nice getting 3 to 3.5 Hive a day just for entertaining myself.
When it hits 5-10 dollars, take a year's worth of curation and enjoy it :)
Nice piece of article. What I have learnt so far in my little years of crypto is patience. When you find a platform that seems legit and has utility and you have done your research and sure of it, the best to do is trust it and be patient.
Patience is the number one skill needed for investing - well, behind the will to invest :)
sorry to be late,
well in my life we have al ittle rainny days comming soon, and i do not know if i am prepared for this.
well the market are a crazy things, if i said you how times i make mistake you could give me a hit, but well after make a lot try to winner to the market, and looses a lot of money, as sayd, for mi losses US$500 it is a lot.
i prefer right now invest in new coin, i star to invest in US$1.00 in each proyect that i know.
and hope one day get enought reward to get the finantial liberty.
Hopefully a couple of your $1 dollar investments go crazy and turn into enough money for you to be financially free. There is more chance in this than a lottery ticket :)
For you to be successfulI in any thing u do in life.patience,endurance,determination must be found in you.in crypto business you have to start small and grow with patience.
For you to be successfulI in any thing u do in life.patience,endurance,determination must be found in you.in crypto business you have to start small and grow with patience.
For you to be successfulI in any thing u do in life.patience,endurance,determination must be found in you.in crypto business you have to start small and grow with patience.
For you to be successfulI in any thing u do in life.patience,endurance,determination must be found in you.in crypto business you have to start small and grow with patience.