It's hard to check your HODLings and see that it is in a stagnate position for the last 7-8 months (or more)... It doesn't go up and it doesn't go down... But, believe me, it's better to see the image like that, than to see your HODLings going down in value, day by day, week by week... But, that image is what I see in my portfolio and it is not the same with YOUR portfolio... Maybe you did a better job than me and your long-term HODLings value went up in the last 7-8 months?
I am aware that we have three types of portfolios... Those that stayed more-less the same (like mine), those that went up in value, and of course, those that lost value in chasing meme tokens, or some new-hype tokens that had no chance to survive this kind of market conditions... As the price of Bitcoin (and HIVE too) is almost at the same level as the year before, I suppose that those that have long-term portfolios "saved" its value are in the majority... On the other side, if your portfolio value dropped a lot, maybe it's a good moment to check your bags...
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Honestly, I have a problem doing these things as I'm still having that "good old" problem of getting emotionally connected to a project or a token... I know that I shouldn't be, but sometimes, it's stronger than me... Luckily, by doing #MyHiveGoals reports, I do reflect on my tokens that I HODL more often, and I do "drop" some bags and break the loop... What loop? The loop when you are trying to "chase" a certain position in the tokens rich list, just to "prove" something to yourself... It has no sense, the token value drops, but you are still "on the mission"...
I know it's hard, but there are ways to "recognize" if there is sense to keep accumulating tokens, or if it's time to stop doing it and move your focus to more valuable things... I had my "wrong moves" in the past with certain tokens, and I will have in the future too, but I learned certain things about how to "let it go"... It's the only way to grow... There are signs... Here on HIVE, many of us HODL a lot of different Hive-Engine tokens and I will try to focus on them this time...
Token centralization
The first thing that you have to understand is that most (if not all) H-E tokens are centralized... The token creator can mint additional tokens, it can change token specifications, and in a nutshell, it can change the "rules of the game" whenever it wants... So, when you pick the token, you are investing not just in the token, but also in the token owner... In the crypto-verse, it sounds completely different that what it is sold for, but it is what it is... We don't have a better solution on the HIVE... Yet...
Token Owners
Now that we understand that, we can't depreciate the importance of the token owners in the future development of the token... If the owner isn't interested in developing its token, why would you be interested in HODLing it?? What kind of future that token has as if there is no development? It can have a good tokenomics, burn mechanism, but in most cases, that's not enough to token survival... So, if a token owner has "more important" things to do, you should move out from it and find yourself a more important token...
Token Takeover
You can argue that someone else can take over the project and continue developing... That's true and that happened with certain tokens on Hive-Engine, but it didn't go well... When you try to save the sinking ship, you have to "invest" double the energy that you need when you do it from scratch... From that point of view, you, as an investor will take double the risk without even noticing... Why would you do that when you have plenty of better projects out there?
Nobody Wants It
When times are hard and the token value goes down, many people are selling their tokens... They are swapping their bags for more promising tokens, or trying to speculate with some "fast-earning" tokens... But, even in those days, some people are BUYING the token... If you notice that those people are closely connected to the project, or they are collaborating with it, maybe they have some information about the future moves and that's the reason for their purchase... If nobody wants the token but you, something smells fishy... 😃
No Development and No Communication
If the previous signs weren't enough, this one should be... No communication and ZERO development is a clear sign to go out of the project... Again, there is a chance that it can "resurrect", but building a token value is a hard job... And re-building it up is even harder... The trust is lost, and it's almost impossible to build it up again... Bear markets, or these boring sideways charts are the perfect time for fixing issues with tokens... Those project owners that are working on their projects NOW are usually here to stay... Those that come back when the whole market is going up are there to milk rewards and to cash out from you! Watch out to not be lured into those tokens!
These are just a few CLEAR signs that you are in a "bad investment" and it's time to re-evaluate it... It doesn't cost anything to stop and reflect... I encourage you to do it as it takes a little time, but it can save you a lot... Not just money, but also time...
Thank you for your time,
ph
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