Some of us are over the top irrationally hypersensitive about "not selling out" and "staying true to ourselves" and all that other nonsense XD
This was part of a comment from @ryivhnn on an article from the other day which resonated with me, because like it or or not, I am irrationally hypersensitive to powering down and selling HIVE. This has meant that I haven't taken advantage of the market movements, even though I know that I am looking to extend my HIVE footprint continually, because I want to not only participate here, I want to thrive here also. And in order for me to do that, the community has to survive and grow, and the people involved have to take increasing amounts of responsibility of the system - at least those with stake.
And, I want more stake.
Wanting more stake sounds greedy, doesn't it?
Because stake is our voice, the power and influence we have over the system, it is also something that could be misused, or the quest for having more seems like the desire of the power-hungry. At least for me, this is not the case, but I do acknowledge that in order to help Hive develop to its potential, responsibility is required and that is enabled by ownership. And, not only does ownership increase our "care factor", it also brings in accountability, which supercharges that care even further, because there is a cost to failure.
After a few bull and bear cycles, I am attempting to adjust me mindset and behavior to take more advantage of the future. I know that when prices go up, many people are going to be selling, and I should be part of that movement. However, I also know that most people who sell in the bull, aren't going to be the ones buying back in the bear, meaning that there is going to be the as expected drop away that goes deeper than most would like.
However, for people like me who are in on Hive, this is an opportunity to expand ownership of the network and therefore influence. What this does is helps to underpin the network, by taking tokens off the market and into hands that are willing to hold throughout the bears, so only new token inflation is hitting the exchanges. This will slowly prop the price up a little higher, so that when the bull market returns, the volatility is higher with less tokens available, thinning the market. And then, when the even higher peaks are reached, less will need to be sold in order to meet profit taking desires.
This means that come the next bear, more tokens will be locked into Hive supporter accounts, propping the price up a little higher and as we buy back in, even more tokens are taken off the markets. And the cycle continues.
I don't think people fully appreciate the potential of Hive ecosystem and the HIVE token, because the system encourages long-term ownership, over short-term speculation, even though there is speculative possibility as with any token. Most also don't think about how this affects the market supply and the potential for increasing amplitude, as the thinning can be severe. Not only this, they also don't necessarily the value of holding the tokens and the return it can bring during the bears, giving an increasing amount to the stack for later. And of course, the value of earning some HBDs along the way also, while waiting for market cycles.
Compared to the traditional markets, the crypto cycles are very short, but for many, it seems a handful of years is an eternity that they can't wait for, that they can't work toward. Many don't seem to prepare at all for their future, even though they might have hopes and dreams about what that looks like.
I have to get better at this too.
Because, like it or not, I feel (right or wrong) I will be "judged" if I were to sell HIVE, as if doing so means I have lost faith in the ecosystem, even though the reverse is true. Not all selling is selling out, because it really depends on what happens past that sale and my plan is to one day become a whale. I am not going to scam, sell votes or run multiple accounts to do so. I am going to produce the best content I can, and use some of what I earn to be more active in the markets.
Though it might not seem it from the outside, this is a big mental shift for me, because I have been so intent on growth in one direction only, I have failed to maximize the potential of that growth, with a two steps forward, one back approach. However, it really isn't back, is it? If anything, it is sideways, because it is still in crypto, even if not directly in HIVE. I don't know how brave I will be, but I will look to be braver, because the potential for gain is worth more than the possibility of loss.
Kill the hypersensitivity.
At the end of the day, I suspect that even if I did sell some at the peaks, the people who know and support me, would likely be glad I did finally take some gains. And, I don't think they would be upset with me buying back in a year or two later at a higher rate either. It is always a risk in terms of social network support though, but I think the people with significant stake, generally know the game better than most, and know that in order to play well, it requires exposure to risk.
Stripping back, and getting a little naked.
Taraz
[ Gen1: Hive ]
Posted Using LeoFinance Alpha
It is hard to do it, and we constantly get derailed by other signals. Just spend some Hive to get some dec to buy another 4 packs of Riftwatchers, thinking that they will end soon.
You think that they are going to go up more? I am not so sure. They haven't sold well and they are decent cards.
i am still upgrading like one card per week to max level. the legendary and summoner are not bad as value.
Sold the top in 2017, but I didn't take enough profits in 2021 even though I knew I should have. I got too greedy. I am enjoying watching my hive stake grow day by day along with the effort I put into the ecosystem. I'm set up in a way now that I won't have to take profits in 2025, but I could if I needed to. Back to content today too, I need to get all caught up on my brawl reports and then maybe start something new.
I held 2017 and 2021.... lame. But, at least I am not destitute in real life and still have a chance come 2025 - or earlier if possible.
I definitely sold it all in 2017 near the top, but I didn't really buy back in any serious way in 2019/2020 since it was committed to the subsequent business. Sadly, I'm in even worse shape to try and make anything of this next run, but here's hoping!
I'm in on Hive too. and want more stake! ❤️
❤️
Proud of you. I used to feel guilty for selling the 2017 run of crypto. I did pull the trigger way too early, but at the end of the day, it put me a little further ahead and allowed had some benefit to my life. Someone is going to sell regardless of whatever you decide to do. A little won't hurt.
Yep. This is the thing, isn't it? So many sell, few buy back. May as well take the opportunity and buy back more.
I think that I won't power down and sell HIVE for at least five years :) In fact, one can increase the amount of HIVE if waits with some liquid HIVE in the wallet. I did it on Steemit.
It is all about timing. Sometimes it works perfectly - sometimes not :)
I’m plugging away for the same reasons. I’m working on getting a little better at keeping some powder for the beneficial days, whenever those may arise. If I could sell a few hundred hive internally and then buy it back when it gets half the price or better I would consider that a solid win for the day.
I’ve seen people go nuts and buy all kinds of HBD with their stake, powering down and going all in. It’s a strategy that’s for sure but I don’t think it’s the right one, as hive has far more potential than HBD for making good gains. Plus factor in the curation rewards and inflation, you’re looking at a quicker increase to the stake than HBD in my opinion.
Some of the spikes that do that are very fast, so having the sell in waiting is the way to do it. Then, buy back the next day.
People like that security and I guess if you have enough, 20% is pretty good :) However, what is enough?
I'll be honest I am powering down because I'm looking to sell at a high price. Just waiting for the spike and then I'll be buying back in full😂 hopefully I can triple my hive 😂😂
I want more stake and if it means selling high and buying low.... Well shit that does sound like a greed fucker move.. But Ahh well. 🍯👌
The timing can be brutal. I have at times sold a bit of something at 2 or 3x, then it goes to 10-20x :D
I haven't been on Hive all that long, I'm a relative newbie. I agree the more Hive Power you have the more voice you have, so powering down diminishes that to an extent. I have pretty much putting most everything towards HP for just that reason.
Now if someone wants to sell Hive and take profits there's nothing wrong with that, but I'm trying to build organically here. I don't want to liquidate my BTC or other coins just for a boost here. I'm finding Hive enjoyable with a lot of interesting characters out there.
As for me I'll just keep powering up!
This is true, especially for those who haven't been here that long. It is a sign that they aren't necessarily in it for the long term. However, it has been 6.5 years for me and I am hoping by now, my reputation is more than my stake :)
Get the timing right and it can be quite a massive gain, especially as HIVE tends to lag a few weeks behind. Transferring back and forth can be huge.
Timing is everything with financials. We would all be loaded if we had bough Bitcoin at $100!
My first attempt to buy Bitcoin was when I had about 200€ to spend and decided to invest. Couldn't work out how to get money anywhere to actually buy it - so went out drinking instead. That was around 10 BTC worth! :D
Wow, 10 BTC worth of drinking!
I've been trading Hive during the ups and downs for a while now, I've taken some losses, and a few wins too. Yet, my target is to hold most of it now. Then when it's time, I'll sell some at the peak, then use a good chunk of it to buy during the lowest lows.
My timing of getting into the whole crypto scene and Hive couldn't have been better. When I joined I experienced the highs of 2021, and then the lowest of lows during 2022. The abruptness taught me a lot, and I'm glad I didn't bail during the bloodbath; to be honest, the bloodbath of red, taught me more than the euphoria of experiencing all things green.
That "shock to the system" is a valuable lesson for those who survive. Many think it is "unfair", like they didn't know it could happen. Next run, you will be in a far better position.
I've taken my losses proudly so far. I'd say first hand experience works better than asking for help or tips and tricks. I'm all set for now, I know the ins and outs and I'm always looking to learn something new.
Hopefully so, man, it's been one hell of a ride, but I guess we still have 2 to 3 more years to go. 🤞🔥
i dont have much hive but i hope I don't power down in future but then again we can increase hive power by selling high and buying low
It is the buying back that most people fail at :)
I have noticed that this winter however lasted longer. It started at the last few weeks of the pandemic run. But it is not even over yet. A lot of winters effect would be till end of this year. Then it would regularly move up and down. I feel hive gives us a stake in such market and all we need is produce content to earn it :)
It isn't that long in the grand scheme of things - but it does feel it. Remember that there was a very large run in 2021 in response to the lows of 2020, so it isn't that long :)
One can never have too much
cakehive. Being Orca would be awesome. Perhaps in another 5-6 years...At some point, those who really want to get up in stake, will have to use more than blogging to do it :)
Sell highs and buy lows: the law of traditional and conventional markets Does it fully apply to the cryptocurrency market? Maybe yes, maybe not.
I think if you and those who already have a lot of influence do that, it will definitely affect the sensitivity of the market. In fact, there is a hypersensitivity, even for people whose influence is still small, like me and most of the people here. Will you be so influential but don't know what to do—let go or sit still and pay attention?
to satisfy the lust for profit? I don't think it's entirely for that reason that we are all here.
Most people are sensitive to the prospect of loss, and this is also why some won't hold. they think that one in the hand is worth two in the bush, but discount the value of owning a flock.
If I talk about myself ,I am holding both hive and tokens but after sometime I will sell time same like. I want to get rid of these tokens.
What tokens do you want to get rid of?
All liquid Hive powers up, all HBD goes to savings. This is the way. Nicely done my friend!
It is a good way to steadily grow for sure.
Heck yeah! For me that’s worth more than nickel-n-diming post by post :)
We can't expect anything about crypto prices but it's better if we stake some hive for the day when bull run start. Let's suppose what if hive price will be double after a year or two and those people get benefits who staked hive
The value of ownership is very high - yet a lot of people think that having a little money is better.
You are correct and I completely agree with you.
I am spreading Hive voice around, making new people being onboarded like my wife Mary and other that are likely going to join soon.
I have also a small project to deploy a curation trail to support minor (but really important imho) topics that are not otherwise easily supported by other trails.
I started this year from 1000HP and settled a target of 5000HP by the end of the year. It was just a number BUT it led me to understand more how to become a better blogger in a Web3 environment dealing with much navigated bloggers.
And for sure, it also helps understand the system itself. Too many people take a random approach, never really learning the basics of the mechanics and it costs them. Spending time understanding how all this works, helps buy into the system, because it is awesome :)
I think it's true to an extent. People just need to follow their own plan. I don't plan on selling Hive because I don't need the money right now. It's more of a plan for the future because I think Hive can be worth way more in the future.
Me either (though I could spend it on the house), but I would like to be able to buy significant amounts of HIVE in the future, so this is one way to get it.
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Very well elaborated.