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.
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personally, i think all time high is much more important, you can get rich fast, and having easy life, after catching an ATH, and short the top, faster and safer, then you can turn your quickly earnt profit into some savings, like HBD.
a $1 Hive wouldnt be so good for this blockchain anytime soon, i think. even with this price, i dont see many new active new users, and be honest, everybody need to invest in it first.
There is no getting rich fast in crypto and this takes years to build wealth. I think if you spend the time on Hive and grow you will see the importance of a $1 Hive. Hive does not require any investment and only commitment and time is required. Hive can be life changing if you give it a chance.
i can't agree, i think 20-100x profits are easily possible, within half-1 year. i was around crypto, when btc was 200-400$, unfortunately i was fooled by system rats, but last time I was around with Mina (missed, because presale gone within 2-3 hours) and uquid, bought it for 40 cents... done pretty well. of course, it is not the getting rich category, but only because i had basically zero money, bought for 50$.
so, actually, i experienced it, if i would have had several thousands, it could pretty much change my life, even if that money not that much.
yes, Hive need investment. you can say it doesnt, but in reality it does, especially in this form. I checked around very well. no real value, ok 5-10% as a social media, minimal interactions.
so what else left, getting the autovotes for nonsense posts, multi accounting - need investment, then people go after money, so they follow and vote.
hbd - pretty much need investment.
staking, games - need investment.
and i talk about the similar amounts, profits you mentioned, what can provide you a more or less independent life, at least the illusion of it, and illusion of freedom. not 10-20 or not even few thousand dollars.
i guess, you know it, without investment, you never will reach it, if Hive goes over 1$ soon, it will cut further the potential new users, as most of them will see what i see, so basically that core will only earn some, whose were here at the beginning or came with full pocket, like the HBD millionaire guy.
and anyway, it is fine. i dont chase dreams with Hive. something what i spend my free 5-10 minutes + maybe years later i will have 50-100 bucks/month from the money i slowly put in. (Obviously, not from Hive, as a soc media, only from stakings, pools, maybe hbd.)
but there are dozens of better cryptos than Hive, with really huge potential. i focus for pre-sales, anyway. but just found really good stakings, too in the last 1-2 months.
to the getting rich part (by shorts): what do you think how much the FTX, Luna shorters earnt??? :) :) :) from the top... how many days was that??? 1-2 maybe a week...
no getting rich in crypto... especially not from shorts... no offence, but its just not true.
crypto is not that much different than forex, stocks regarding to trading. maybe you should read some of Buffet, Soros books, especially Soros, he shorted and crushed half of the world's currencies, GBP, JPY, HUF, TRL, arg, den, ger, tw and dozens of more... these insiders, club members got rich only from shorts, and the game is rigged, obviously, you or me couldnt do it, but we can do the same in small. and i see the same in crypto, especially, that you can short - even with leverage - most of the cryptos. + all the similar kinda parasites are deep in crypto nowadays...
most important is having a strategy.
Yes and you will succeed if you stick to it.
You get rich by buying on the bottom, but right now I am hunting for the All Time High. There were two bull markets when I haven't sold a thing - 1st one I had few assets and didn't think of selling, 2nd one I had enough but not to my happy number, but now as I had more time to gather more assets it would be the right time for me to sell in the next market. And from that invest part in real world (real estate), put some aside for dark days and repeat investing in crypto when market moves down again.
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you get rich by selling, shorting the tops, all the worldwide known speculators made their money mainly from that. it is an important part of the financial slavery system. having shorts in crypto exchanges also perfectly shows, it is not that different from fiat, coming cbdc
real estate in crypto, probably you dont know:
https://www.metropoly.io/
greed is our enemy. at top we want new top. haha
greed is part of the system, reality they represent to us. if the ones up there, dont care anything just do it again and again, scking out more and more, why wouldn't we? just follow the 'leaders', 'clever guys', not what they say, what they do... :) :) :)
new top is always coming, matter of time. only question is who will tell me +/-5%, how do i figure out that's the new top before everybody else??? :) :) :)
how?
yes, i am asking, too... how? :) :) :) could tell you my last all time high, well, i could NOT figure it out... otherwise, I would have sold that top with all the money I had
Oh, ok. Though you have a magic ball. Lol
I'm new in investments, so... Learning and reading a lot
Lets hope it plays out for you as having a plan is the start to achieving goals. I haven't sold yet and not sure if I will or wont, but will be moving some Hive into HBD at the right time.
I agree with you. Seeing Hive find a floor above $1 would be much cooler than the roller coaster ride we have seen over the past couple of years. Actual stability and a price that will carry you through the bear is much better.