Cool Price Bro!

in The CTP Swarmlast year (edited)

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Are we out of the bear market finally?

Couldn't tell ya'!

I'm not what you would call the world's greatest investor. I seem to have the tendency to sell at the bottom and buy at the top...I'm awesome like that!

But seriously, there's been a lot of positive noise in the crypto space over the past 24 hours and the feeling is generally positive...But has it ever been negative for those of us...That stack and accumulate?

I want to share with you a story of something I experienced week while checking out some content on Veews!

There was a post by a member of the Hive community that read like a depressing letter to a loved one. In it, the member was extremely bummed about about the constant down trend in the markets and seemed to be at the end of the line when it came to having a positive outlook on crypto as a whole.

So being the SUPER positive guy that I am...I chimed in, and said...'Hey, be happy, you are accumulating Hive when everyone is being a negative Nancy'...Or something along those lines.

We went back and forth but the member was still...Bummed.

I feel for people like that, I really do because they are not rare in this space. The majority of people in crypto as tied to price and price alone. I mean, sure they say all the right things that they believe in decentralization, Hive is the future of Web 3, and they are in it for the long haul...

But this bear market has been TOUGH! And there is only so much people can take before they count their losses and ride off into the sunset. And I completely understand. I'm most definitely not a judge of people's decisions and reasons for being here in the first place.

But I wanted to share with you, maybe a positive outlook about why it's important to really ignore price when it comes to Hive.

For me it's simple...This is the future! I know I'm a fan boy, a shill, a raving lunatic..Excuse me 'Maniac about this blockchain but in my heart of heart's, I do believe this is where the world will truly embrace a blockchain that they can actually touch and feel!

So for me, it's about stacking! And it's almost like Hive encourages you to do it...

First of all, you get rewarded for adding value! And for me, this is brilliant especially when I select this for payouts...

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For anyone new to the chain, this means for every one of my posts I am rewarded in both Hive Power and HBD.

What the heck does that even mean?

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Our little delegated proof of stake blockchain actually rewards us for holding onto it's token and powering it up, which is called Hive Power. I like to keep things super simple for people, so this is like...Buying your piece of a government and then being paid to vote on how it's run. O.K., bad example especially in today's political climate. But I hope you see the power in this...

The more you do, the more you are rewarded with the token that is essentially the fuel of the chain!

But wait, there's more...

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And here's the money shot! The other 50% of rewards payouts is in liquid HBD, out stable-ish coin. And currently, savvy members of the community are enjoying 20% APR on it. Which means, you have a built in savings program that you can funnel your rewards into that...Pay you a nice sum every year for...Holding it.

And it's not locked up for months either, 3 days and it can be liquid again!

Put this all together and you can see why I've never really cared much about the price of Hive. Sure, we all want 5 bucks per token. That would be swell! Drinks on me too when that happens lol But seriously, it's like the greatest savings program in history. Add value to the chain and get a governance token that you constantly earn from (even more through curation) and also a liquid stable-ish coin that you can put into savings and earn 20% a year.

Price?

Meh....Goes up, goes down...Doesn't matter. Right now, I'm just trying to accumulate as much as I can in 2023 :)


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Its crazy. I have not even check price for weeks. So this is news from me that we are even up right now. Busy at work.

LOL See! And then it's a surprise when we are up :). That's a win!!! lol

!CTP

The problem is not that they are focused on the price because let's not fool ourselves, the price is very important. The problem is that they are focused on the price in the short term and that is a problem. You can't walk into a boxing ring if you're not willing to take a punch.

Good analogy for sure. Everyone has a plan until they get punched in the face lol

!CTP

I have to say, not knowing any better, during the previous bear market I felt depressed looking at how much I had lost (and in some cases, I really lost, because I sold at the bottom).

But during this bear market, as hard as it was, I don't think I had more than a few days of feeling down. Mainly when I do my monthly stats, which include dollar values. But otherwise, I've been very positive about it, maybe sometimes more than I should have, considering there are people who lost serious amounts in the fiascos we had throughout this bear market.

Yeah, I mean it's hard to ignore it...It's basically in everyone 'wallet' on any front end lol But if you haven't been through these before, you for sure will feel bummed.

!CTP

Bear markets are tough and I think we all have those emotional valleys. The good news is just like the bear market they don't last forever. I get in a funk from time to time too, but I still keep building. That is all you can do. It's only a loss if you withdraw it!

Exactly. Whether we power up or down, sell or buy...Won't do a thing to the overall market. So we have to control what we can. To me that's effort.

!CTP

If it wouldn't be for Hive, I would probably feel pretty down about my crypto investments in the last 5.5 years. There's so many investment opportunities on here and then there's the community ( and all the friends that I've made on here ). I feel privileged :^)

Very true! You and me both. I'm grateful every day I log onto a front end here and smile from ear to ear.

!CTP

Have some !PIZZA with that :^)

Without any extensive analysis, I think it's fair to say that we're fairly deep in a bear market, and that we should see some recovery within the next few years. Broad and hopeful! Thanks for your reminder. At this point, I believe in Hive as an ecosystem, and hopefully with future growth, the namesake token and stablecoin will follow suit. 😊


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I love that way of thinking...and it's so true, this is an entire ecosystem. And the more we build it, the better it will be.

!CTP

One more thing I want to add.. the price if Hive does not Metter if you are posting and earning and accumulating. The rewards remains the same in terms if Hive yes they changes in terms of usd value.
For example when the price if Hive is 0.5 the average reward on mybpost is let's say 1 usd so I will get 2 Hives
Now if the price is 0.25 then in terms of usd the rewards from my post will be 0.5 USD (instead of 1 usd) but still I will recieved 2 Hives only... (as I understands)
Honestly I don't know if you understand what I wanna say...

Completely understand. And it's a great point, forgot to mention that. So now is the time to be creating!!

!CTP

I check the prices daily. There is an uptrend. But I do not think the whole bear market is over just yet.

I feel that the bull will come and the bear after that and the bull after that. Its like waves and tides. Every seventh wave is bigger than the others, but then there is also a high tide and a low tide. Beyond the tides there are entire seasons. You need to just roll with it.

As you say you keep posting, earning and stacking. I have money in the bear and I have money in the bull. I just keep going!

That's it man, that's all we can do. Nothing we do will mean a thing to price, so we roll with the tides!!

!CTP

That member should've tried to look beyond the present. The prices wouldn't be like this forever. They'll go back up and then come down again only to go back up again. We really have to learn to look beyond the price or our emotions would be at the mercy of the market every time it goes down/up.

Rinse and repeat...Happens all the time. Pay attention to those that are here creating and engaging now when it's low. Those will be the people I want to support when things go higher

!CTP

I remember there was 3 USD price hit at the most but then winter happened. I don't think 5 USD would be realistic now that world is literally suffering from all side. As for the holding HBD part. I am pretty sure just like we hold the HBD and earn interest, we also earn from sharing HP and letting curators use it, often that part is ignored. Curation is also a future.Especially if Hive gets those short videos where transactions will move with upvotes.

Yeah I dont see it hitting 5 bucks anytime soon. But we've seen the legacy chain hit 8 dollars a token...So we know it can happen :)

!CTP

I regularly remind myself to feel happy about Hive on a "unit basis" because my stash has kept growing, in terms of HP.

In tough times it becomes especially important to stick with quality because a lot of the sketchy stuff just gets permanently flushed. Just look at the Internet/dot-com crash of the early '00s. The Amazons, eBays and Apples of the world have definitely thrived, but high-flyers with big promises and little delivery are barely footnotes in the financial annals...

Agreed...Lots of 'top crypto' in 2021 and 2022 will be wiped out this year. Important to stick with the tried and tested!

!CTP


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🍕 PIZZA !

I gifted $PIZZA slices here:
@vincentnijman(1/15) tipped @jongolson (x1)

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Bear market is the opportunity for retail investors and especially it is win win situation for hive users because whether it is bear or bull, your content will be rewarded in both situation.

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