The longer you are in crypto the less phased you are about price action as what is more important is how many coins you have in your portfolio. The dollar value may be worth $10k or $1 Million, but that is not enough to retire on so the question is what can that generate as a passive income monthly. How much do you require monthly to live comfortably even with inflation. When doing this you have to be realistic otherwise you are only kidding yourself. My goal is a minimum of $10K per month which sadly requires over 20K hive per month which is not happening anytime soon or 600K HBD which is a possibility further into the future.
When we think of Crypto we always discuss the all time highs as that is what everyone wants to see. This is great for the portfolio dollar balance, but these occasions are few and far between. I have been on Hive for over 5 years and seen one all time high achieving $3.41. Then considering that ATH lasted all of a few minutes and if you were sleeping you missed it. The next one may be around the corner or next year or the year after and could be the opportunity for knocking off the HBD target or a chunk of it at least. This I see as the one opportunity the ATH poses as a benefit for the long term crypto investor.
Depending on how you view Crypto the ATH may not be as important than the bottom as if you are looking for passive income you spend more of the cycle towards the bottom than the top. I would much rather see Hive over $1 constantly than a high and back down to $0.40c or $0.50c. How many thought about passive income when Hive was hitting $3.41 as that is the rude awakening of what is possible even if it was for a fleeting moment. This is why we continue to build as that one day will hopefully be the bottom price and until that happens we have to keep growing.
Having sufficient stake however changes everything as having a large bag removes the need for an ATH. Those with smaller bags rely on the high prices as they otherwise carry no value in their portfolio and why this period is so important. The larger your bag becomes the price becomes less relevant which is kind of weird.
When you first start out in Crypto price is everything due to the fact you hold no real value and this does change over time if you accumulate. The ATH is great for the ego justifying your time and sacrifices in building your portfolio but if you aren't selling it becomes fairly meaningless. The upside which is important is the projects you have invested in have caught the attention of new investors so the project does become bigger.
Depending on how you think everyone's Crypto goals will be so different depending on how long thy have been involved. The longer I am involved the passive income scenario is definitely starting to play out as even at the lower prices it could be feasible. Having Hive at a constant $1 as the bottom would definitely help as the wealth is in the stake and what that stake can do for you. The misconception by many is the overall dollar value and I do think they are missing the point as selling has never crossed my mind.
Having $1 million invested in HBD would let you live comfortably on the 20% APR, but you would never sell your HBD stake. This is how I see all of my crypto investments as the stake is what creates the passive income so you cannot touch what you have grown. The bottom price tells you if you have enough and even after 5 years of building on Hive I am nowhere close. The $1 or $2 as a bottom would change things however as suddenly passive income could be a reality. This is why the ATH may be great, but the importance in my perspective has always been the bottom for what it offers long term as that is the financial freedom we all dream and desire.