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 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 ]