I find it funny that it doesn't seem like that long ago that HIVE was 11 or 12 cents and people told me I was crazy, Hive won't go 10x - and I have seen some of those same people saying - "see, it is down 50 percent!"
It is interesting how we process time and how our memories fade as to the predictions we make on the future, when we are wrong.When we are right however, some are only all too ready to "rub it in" the faces of those they "warned". I am just happy when people feel they are benefiting and improving their lives, though we all have different standards and goals in this regard.
But, it is also interesting to see how different price activity affects behavior, as I think one of the most difficult parts of crypto for most people, is their own attitude throughout the ups and downs. Mindset matters and most people do not naturally carry an investor mindset, so they have to learn it along the way. While many people come into crypto *as investors, most that come onto Hive are not investors to start with and don't necessarily think they are going to be - all they want to do is earn on content delivery.
Inevitably though, in order to earn, there is going to have to be the need to trade in some way, even if it id only on the internal exchange or Hive Engine. Even with "rare trades" the effects of profit and loss are felt and I know plenty of people who kick themselves for selling too early and buying too late, even if it is minutes after they have done so. Of course, all of these percentages add up over time, but I think for the inexperienced trader (like myself), the learning experience is valuable, with the most valuable part being the ability to control emotions.
For instance, since what was only a few short weeks ago when HIVE hit its ATH of $3.40, I have lost more than the value of my house in the pullback. That is fucking insane! Yet, I don't seem to be overly phased by it. What is also interesting is that during that same time period, I applied for and got an internal position that comes with a better base salary and a little extra bonus incentive. However, even if I were to reach all of my bonuses, I would have to work for the next 16 years for it to add up to what has retracted in less than the last month. Again--- insane!
You idiot - I told you so!
What is interesting is that ATH was accomplished within 48 hours of the current price now. But hey, that'll never happen again.
Do you bet on it?
Well, I don't "gamble" with that kind of bet, but as a holder, I do gamble on the future price of HIVE being not only higher than it is now, but higher than the ATH, otherwise I would have sold what I had liquid then. I didn't because I didn't feel the price reflected the potential. Yes, I could have sold and bought back, but if I think there is more potential in the token, that opens me up to the risk of not having any HIVE when that potential is realized.
This isn't necessarily easy to do though and for those who are desperate to cash out because they need it it is impossible, but that is why I work. I think that many people who cash out though don't actually need it immediately, but they are not able to come to terms with the non-sell if price declines. They don't feel like holders, they feel like idiots. I never underestimate our ability to make decisions to avoid feeling stupid, even if in hindsight they were stupid decisions to make.
I have made many stupid trading decisions and the most costly of them have been the selling too early ones, at least from what I remember. I have also held a lot of tokens all the way up the green slope and all the way back down the red too, but it has nearly always been a loss of potential gain, with very few dropping back past where I bought them for, at least not for very long.
Long is relative.
For some, a long time is a year, another ten years, another ten minutes. While this depends on the relation to immediate circumstance, investment always takes time to mature, even crypto which can go from nothing to hundred in days or weeks. Some people come in expecting that they buy now and a few months later, they will be able to quit their job. It happens - it is rare.
But like I said, it would take me 16 years of raise and bonus to earn the same as I "lost" and under normal circumstances, someone (not in crypto) would look at the bump in salary and potential bonus and be super happy that they got it. I am super happy too, because it means that I have more breathing room for crypto to mature and, I suspect that it is going to take less time for that to happen for what I hold, than it will for me to earn the same through my working future. And, when it does finally start looking like a sell, it would mean that all the salary I get, would be irrelevant.
But, just in case that never happens, I'll keep working away and making sure I hit some of those targets - not for the money alone though, but because I feel the jobs I do make a difference. Some want to be rich to be rich - some want a little more meaning to life than that. I am in the latter, but I also want to have the path to wealth tie in with providing meaning too.
$1.60 HIVE seems low. But it probably seems high to the people who wanted some, but didn't buy any at $1.30 last week.
The way we look and feel about things drives our behavior, which is why why it is so important to keep our emotions in check, whether the markets are up, or down.
Taraz
[ Gen1: Hive ]