Today, I was watching a YouTube video where the author shared an interesting fact about crypto investors... He pulled out data which shows that most of the people who began their crypto journey in 2018, despite the crypto growth of over 500%, are in the loss! Also, despite the huge pumps that we had in the meantime, which were over those 4-5X! How is that possible?
Created on Canva.com, using my photo as a background
To figure it out, I suppose I can look at my example, and how I began the crypto journey that I shared multiple times here on HIVE... I got into BTC in 2013, bought for around $500, and sold a few months later for $200... And, I wasn't the only one that panic-sold! I think I don't have to go further with examples to explain how it's possible to have a loss despite the asset going up...
The simple answer is BAD TIMING! The broader answer is ACTING AS A HERD!
I had no idea what crypto was, and when information about it came to me, it came to everyone else, too! And why did the information spread so fast like a virus? Because of FOMO! The price was soaring, and those who got early were yelling from the top of the roofs how they did right and how the BTC price will go up forever!
Those who got in early, with a lot of money, wanted to take "some chips off the table," so they were among those promoting the "NGU mentality" with a hope they would attract enough people to buy their tokens! They needed a majority to fomo-in, to pay out the minority who had huge bags... and they succeeded in that... Minority who cashed out in those times were right, and the majority was wrong...
A similar thing happened when the price was falling... To feed up "hungry rich people", the market had to dump a lot, to fill their bags with a lot of tokens... To see that happening, MANY people had to sell, and the best way to do it is to create FUD, or, nicely said, a big bear market... When the last optimist sells its tokens, we would hit the bottom... When the majority of the people have sold, the price could go up... Only a few stay with a big bag of tokens, diamond hands, and the sell pressure stops... Minority who got tokens cheap were right, and the majority who sold cheap were wrong...
Same pattern over and over again... To be honest, I didn't make the same mistake just once with that first BTC investment... I made multiple mistakes over the years... Even when you KNOW all this, you can still make a mistake... It's all about emotions, and sometimes the strongest people fail...
How did you do in your crypto journey? Are you net positive or net negative?
Let's see the WorkerBee Pool numbers for this week...
Compared with 2 weeks ago, we have over 15% more WORKERBEE tokens staked, which means we will probably mine more BEE tokens... I suppose that's the main reason for "elevated" numbers this week! Also, as we have more and more delegators, I will have to split my spreadsheet into 3 parts!
This week, we have mined 138 BEE tokens in total, 32 tokens MORE than the week before...
This week, we got 1 new delegator! Welcome to the pool, 
This pool doesn't charge fees, and you can earn up to 20% more by delegating to it!
What about the bonus tokens?
This week, it's time for the CTPSB token to be distributed as a bonus... This token is now part of the 
There will be distributed 4 CTPSB tokens to the delegators of the pool as a bonus reward today!
4 CTPSB tokens will be distributed as a bonus... The APR (without the bonus) was 9.907%, and when we added the bonus, it went up to 11.826%!
I have calculated the ROI approximately with medium prices for all tokens when creating this post... So, those numbers are valid if you bought WB and sold BEE tokens at the middle HiveEngine price... Currently, the BUY side of the WORKERBEE tokens is very thin, and it's hard to calculate the middle price.
Do you want to sponsor the PH-Pool with your tokens, receive a short SPONSORED segment in this post, and raise awareness about your front-end or dApp? Please let me know in the comment section, or contact me through Discord or Twitter, and we will find the best solution for both parties...
If you want to join the WorkerBee PH-Pool, the only thing that you have to do is to STAKE tokens to YOUR account and DELEGATE your staked WORKERBEE tokens to THIS account (
)! Every week, you will get your portion of mined BEE tokens and BONUS rewards!
.:. DO NOT STAKE TOKENS TO MY ACCOUNT!!! Just DELEGATE! .:.
All payments will be made after publishing this post...
If you have any questions, please leave them in the comment section!
You can find more about this pool in the initial post here @ph1102/workerbee-p-h-ool-let-s-help-each-other.
Thank you for your time.
--ph--
None of this is financial advice!!!
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