Seems that even though we are almost a month into 2022 - I still have to work.
That wasn't part of the plan.
But hey, when the hell do plans go to plan, as after all,
The best laid plans of mice and men, often go awry.
I am a man and for over two years now, my daughter believes she is a mouse, so it seems that neither of us are going to have many of our plans fulfilled to the letter.
Of course, I wouldn't actually "not work" but it is the "be able not to have to" that I am interested in.
It is interesting looking at the price decline on HIVE at the moment and then realize that it is still up 550% percent since this time last year. How I look at it is, I survived that (and lower) for years, so I can survive a few more. Of course, I am hoping that it doesn't drop all the way down there again as even though I would buy more, I already have a fair bit, so would far prefer more upward movement. But, crypto doesn't care what I prefer.
As far as earning on platform go however, low price is the best time to earn for a few reasons:
- there are often less people posting lowering competition
- people increase their vote values to better support the posts they enjoy
- some stake goes silent, so active stake distributes more
- It is easier to attract attention
There are other reasons too, but it really is a great time to embed into the community, as the bear times are kind of like going through war together on Hive. Other tokens don't have much of a consistent community where the same people interact daily - Hive is based on relationship consistency, so being consistent through the thick and the thin matters - at least to many of the staked users.
So yeah, this time last year at 14 cents, my account was worth around 20,000 dollars but since then, it is now worth about 200K - so that is not a bad move over the course of 12 months. As I keep getting reminded though, this does come with an opportunity cost as powering up earnings and from exchange takes away from buying other tokens that may have performed better - but that is the way of the world and I don't lament not selling more or not buying other tokens.
What I am glad about is that I did buy some credits for my Splinterlands purchases when we were closer to the highs, so that worked out pretty well after all, even though I thought I had made a mistake at the time. Splinterlands assets are not exactly without loss, but they are holding up relatively well for my needs - which in regards to Splinterlands, is a year or three down the road. With prices well down from the highs across the entire crypto marketplace, I am not expecting the remaining packs 8+ million packs to fly out the door, but once they do, with a little bit of market attention and everything changes again.
From the peak though, the downward change on all of my holdings has been "significant" and I wonder why I am not stressed by it. I think there are several reasons for this including; I have seen it all before, I don't need it, I expect prices to increase one day, I am relatively patient and - I may have given up on life a little since the stroke, so I am not expecting to "make it" that far anyway. At least, that is what my head says, but that is a different post perhaps.
However, we are heading into the year of the NFT and there is going to be an explosion of activity in this area and as such, there are going to be lots of community activities forming around projects. Once people are looking to earn on their game for example, they become more aware of crypto in general and once they realize they are able to earn on social platforms by taking about the game they earn on, they are going to be pretty keen to get involved.
Because of my belief and mindset about the future of crypto, I just don't seem to be as stressed, even though I really am looking to completely change my financial life with it and it is going in the "wrong" direction. But, it really isn't, because if it keeps going up as it was, it would mean I wouldn't be stacking extra, just hoping for further price increase, Now, I have a bit of a chance to add some more, and I am not the only one.
Especially around the floors, there are people who are either forced to sell or just can't wait anymore, scared they will lose more, so they offload. Then people who do have a belief in the future value of those tokens buy and take the risk that it could fall further, but know that it can really only fall so far and from here, that might not be percentage-wise that much. However, the upside potential is enormous.
And this upside is what it all comes down to, as that is what really needs to be factored in as taking a risk. Not everyone is cut out for this game though, so I suspect there are a lot of stressed people looking at what they hold, thinking they should have dumped earlier but now, have their finger on the trigger - better late than never?
Go on, click sell.
Do it.
Taraz
[ Gen1: Hive ]