Yes.... Things are shaping up nicely.
It might seem like there is a lot of gloom and doom around, but just remember that around this time five years ago, there was a bit of doom and gloom in the markets also. It was mid-March, and Bitcoin bottomed out at around $5000 dollars, and everyone was saying it is finally dead - and my friends we laughing at the scam I was involved with. For them, all crypto is was Bitcoin. Of course as we know, by the end of the year Bitcoin was back at 19, and then by April 2021, it was at 60,000. That is 1200% in a year.
These conditions are a gift.
Sure, you might be looking for an opportunity to buy, but while there is all this uncertainty hanging overhead, there is one thing you can count on - the greed of the financiers. They aren't planning on losing money, they are planning on making money. And as always in the current economy, the majority of that money is going to be made in the markets, not on goods and services directly. So, no matter how bad things get, know that at some point, it is going to recover.
The trick is to hold out until then.
This obviously is hard if a person is living off of their investment potential, because they are going to keep eating into it and selling at the lows to pay the bills, which means that when it does recover, the cost of selling was very expensive indeed. Of course, if you only way to survive is to sell, then you have to sell right? But, the more that can be held, the better.
I was talking to some clients today whose company is going through headcount cutbacks to save costs. The problem that most seem to have (myself included most of the time) is that they have their spending and saving backwards. Most people and companies spend their money frivolously when times are good, and then look to save when times are bad. They should really reverse that process, because when times are good, it is far easier to save large chunks of capital and invest them, or just hold. And then when times are bad, take that capital and invest it into depressed prices, whether it be market investments, or capital investments to improve capabilities for when times are heading into good again. The company that does this is ahead of the pack when the market turns.
Save for a rainy day.
Invest when it is pouring.
The policies that are coming out of the rear end of Washington, stink. Much like the policies that were applied globally back in 2020 in response to Covid. Similarly, they don't care who or how many they hurt now either, as long as the few get a lot wealthier. This is shaping up to be an even bigger cash grab than Covid, and while the market are dropping like stones, remember on the other end of that sell trade, is a buyer. The same thing happened in 2020. The same thing always happens. While the markets panic and drop their loads, the investors orgasm in glee and shoot their loads.
Because bad times are transitory.
And at their level, they don't need any of this to live off. They are in it for the game of getting numbers to go up, to have more than others, to feel powerful, to buy influence and have control. None of this makes their lives better, because they already have so much. We hear about all the billionaires, but we don't really understand how much money that really is. They can lose ninety five percent of it, and still have a better financial life than 99.99% of the people on earth. So, they have the resources and possibility to wait.
Time is money.
And in this case, it is about having the resources to buy the time to not have to sell investments, and instead buy investments when prices are down. Those times will change and they will be up again in short order, but most people don't have enough money in the bank to cover three months of expenses, let alone enough to wait four or five years for a turn in the market.
But now, the traditional market cycles are speeding up and becoming more volatile, because they are less detached to the performance of a company, and more attached to the emotions of the market. Rather than crypto getting more like the legacy economy, it seems the legacy economy is becoming more like crypto. Perhaps they will meet in the middle and create some hybrid beast, but the markets will always look to find an equilibrium. At the moment, while the waters are trying to settle, someone is shaking the glass.
My current life sucks a bit because of the job situation, but I am doing my best to not get too down, because I still have a lottery ticket in the crypto markets. It might crash and burn for a bit, but I believe it is going to see new highs, so I just have to find ways to make ends meet until those days arrive, with my stack intact.
What will it be worth in the future?
A million. Maybe zero. Maybe five million. Maybe ten thousand.
Only time will tell, but the disruption now tells me that the pieces are getting moved around the boards, while the masses are focusing on what they have been taught to focus on. The irrelevant.
Taraz
[ Gen1: Hive ]
This is great advice... if you have a fair idea of how long the bad times will last. Will they last a year or 10 years? If you spend a lot when times are bad, and then times continue to be bad for way longer than you expected, then, ah, whoops...
I have no doubt Trump and his insiders shorted the market when they knew the tariff plan, will buy up depressed assets, will long the market when he decides to remove the tariffs and prices soar, and will have increased their wealth dramatically. Everyone else loses out.
Hopefully you're able to survive the storm, I can't imagine Finland is too reliant on the US for much.
Even if not knowing, preparing means not having to spend as much, or maybe not going into debt. Anything to be a little bit ahead, means recovery is faster, right? Like you said, times can be bad way longer, while everyone is starting into the good.
They definitely shorted the market.
Not really, but Finland does export to the US some stuff. There is little Finland needs though, that it can't get elsewhere.
Yeah, this is why the real big companies keep a lot of cash on hand (often in the billions) to help weather storms, but also take advantage of the bad times (buying other companies cheaply, getting great talent, renegotiate real estate or licensing deals, etc). The big Fortune 100 companies often have $5B just sitting in bank accounts.
I am sure Trump and insiders did short the market, one indication is Trump and Melania coins, they really did a rug pull there into the whole Strategic Bitcoin Reserve euphoria that amounted to a big nothing which they knew it would...
Oh absolutely... and there was the 200M in ETH longs that someone placed just before that reserve was publicly announced. They've proven time and time again they're happy to use insider knowledge and/or create market conditions to take advantage of.
I've always said how Thankful I am that this is mostly just a hobby for me. Having that solid income for all the other stuff is nice. Hopefully one day Hive can be a nice supplement for me.
If the stars align, it might be more than a supplement - it might be the main course :)
Wouldn't that be amazing!?
I am in the middle of fixing up the house to put on a market for Spring selling season so all my cash is going into that, otherwise I would start dollar cost averaging into BTC, and some alts here... I may still start if the house sells at a decent price a month or two from now...
I have heard of people selling their house to get into crypto before ;D
I have to confess that I don't know the science behind the financial markets at all, let alone cryptocurrencies. I've only been in this environment for a little over 4 years, but I'm not a trader at all. My latest strategy is simply to buy a fixed amount of dollars in a major currency. And I'm not thinking that if the markets go up, I should buy less or think about selling. For now I'm just making a small piggy bank, with a symbolic weekly amount, which many of my coworkers use to pay for the week's coffees.
People tend to underestimate what a difference small amounts can make if used well consistently over time.
That is been my "strategy" since High School. When I was still living at my parent's, I use to save all the money that I could for a important buy in the future. I might say that, many years later, I used that saving, and also big chunk of first 11 years of employee salary (I was living at my parent's so my expenses were few) to give for a entry value for buying a flat (the one that I'm living in, and paying a very affordable bank loan. Just like you said: Grain by grain... Consistently
In a bear market, I cut my expenses. I will need USDT and HBD soon. Every dollar invested during a big market downturn will pay off later.
You live off your trading, so you have to be pretty strict in the bears I assume.
If believe in HIVE blockchain, drop of the price of HIVE is an opputinity to stake much more HIVE. I will soon convert some HBD to HIVE ;)
I am always shifting HBD to Hive at times like this :)
That was when I first bought Bitcoin. What did I know? 😂
:D :D
Nice work!
Discord Server.This post has been manually curated by @steemflow from Indiaunited community. Join us on our
Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight.
Here are some handy links for delegations: 100HP, 250HP, 500HP, 1000HP.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @steemflow by upvoting this comment and support the community by voting the posts made by @indiaunited.
Thanks @steemflow
Congratulations @tarazkp! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 115000 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
It's something that is a necessity, to save when times are good. I used to spend everything when things were easy, until I went through the cycle so many times that I've become very conscious of what I spend, now I see why that was a mistake. Good advice man