Hive: The Vibes That Comes With Unbelievable Figures

in LeoFinance2 days ago


The truth, sometimes, a person can unknowingly be a source of financial advice to another person without even having to use any form of appeal, even suggesting they buy into a coin or a project, but end up telling them it wasn't a financial advice after all. The success that comes with crypto can be infectious, that is, people are attracted to the money but sometimes, unawares of the so many times a person has failed.

When you tell people to do their research, they often tend to ignore the Importance of research, especially when they're a total numb and coming into the game newly. A lot of crypto projects have attained success through hype, I know. Whether it's a viable project or not, the fact that the money is real usually takes away people's perceptive filter about the reality of volatility and how suddenly your wallet worth can go from $50000 to $1000 with a few pumps-and-dumps and no buybacks

Resistance You Say?

As a newbie When steem was pumping, I felt that once it pumps to a particular price, it would maintain a resistance, so even when it begins to dip, it wouldn't dip below that price I had thought. Truth is, I was taught a terrible lesson because I began to make unrealistic plans on the basis of the opinion that there wouldn't be unimaginable dips that should restart one again to square one. Inevitably, I was wrong and from $8 or so, steem bottled to like 15 cents.

So the bear market is real and instead of allowing yourself to FOMO or FUD about it, you can allow it to become a driving force to a particular mental growth of a sort. Many newbies are getting influenced by the conceptual theories of people who have longed been in the game and sometimes, this is often one huge disadvantage of a decentralized community. This should not be so, majorly, you learn faster by shadowing others, but you learn better by discovering your own path.

The Armadillo Mechanism

However, money regularly destroy most foundational process of learning when it comes to crypto. What does this mean? A lot of people are firstly exposed to Crypto during the bull market which makes it difficult for them to developing some armadillo mechanism this mechanism is developing personal, distinctive and protective measures to stay afloat and not sell off everything you own, maybe to cut your losses or take care of biological need.

This mechanism is sometimes not needed in the bull market, because prices are good, the money is sweet, and it feels like there is no need to actually plan for when things wouldn't be rosy anymore. Even in real-time situation with fiat backed businesses where the currency isn't so volatile, there's always a saturation and decline stage. This is to say that it's logical to expect decline or abundance, more so, when it's even Crypto for that matter.

Take for example, hive is pumping, so many people are seeing articles daily about the potential of $20, and they're beginning to plan how they'll spend that imaginary wealth. This brings unrealistic vibes to a prospect in price that might take years to eventually become realistic.

People imaginary dream, when they're not hodlers or builders, they make you think they're in for the long haul, when they just want to cash out money with no aim to build something sustainable for their future and your future. Hive's growth is a collective effort, take a look at what @aggroed and has done with Splinterlands, inasmuch as it feels bubbly here, currently. True intents are clear when the bear eventually kicks in.

Now do you want to be that person that wants to build but never had plans to continue doing so because the bear hit and you were never prepared?

For a newbie, don't make some others make you think that holding hive, building your stake is a bad thing. There are many advantage of staking and owning hive for example, don't feel that you need to power down everything you own to buy back later, let me tell you, you most likely won't.

The Golden Goose Phenomenon

The truth is, crypto is sustainable, even with the bear and bear always dissuading this notion. It mostly feels unsustainable when your efforts and intents don't tally. However, magic money is crypto, sometimes it's real to look at some wallet figures, the money isn't immediately accessible, so it's not real. To make more money, you need to lock in more money, and one thing I've come to realize is that there's no golden goose that lays the golden egg in crypto.

Try not to sacrifice your standing in anywhere tangible simply because one prospects promise more ROI (return on investment) Try to learn from the experience of others, but don't make them a determinant of your choices. Greed is good, but it can humble you, especially when you want to own it all. From where I stand, building with hive over the years, I've lost many opportunities to even own more money, but I don't bother because in the long run, hive, for me, would eventually prove more beneficial. For me, it's the long game, the marathon.

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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers

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I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog

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I do think people should never be discouraged from building their stake. However I do agree that sometimes you never know where prices will go. I do think HIVE will still do well no matter what happens and the long term price will definitely be higher than what it is now if we keep on track with the development.

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People should in fact build their stake especially when they want to grow along with the prospective and futuristic development that would most likely happen with the chain. Prices can swing anywhere but building eventually brings the desired result.

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I agree. If people believe in the long-term prospects of HIVE, then we all know the prices will be higher in the future. Of course it is a little bit tempting to see if we can take some profits and get more HIVE sometimes.

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I think, #HIVE definitely has potential to hover around 10$, once people understand the value of it. There are so many projects being built on it - at the same time the blocktrades team is doing a nice job of making the chain better. It's only the marketing that has not been propelled but eventually, we will get there.

Hive's potential is huge and we haven't even gotten to the peak yet and sincerly I do believe, we build what we want to enjoy. Sustainability is also up to us and we need to works towards other attractive use cases as well. I'm overly excited for the future.

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I am heart broken with the news in India - how is it in Nigeria ?

It's the same old situation in Nigeria, crypto is still outlawed here and we're just living by the scruff of the neck.

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You really should have just titled this "don't be like Karina" 😆. I had been saving some Hive to buy a laptop and yesterday when Hive got to 1.45 I had the exact amount I needed. I was you g to be chill and pray to the heavens that it keeps pumping So I could get a nice wig with the change 😆... My brother called and told me to take the profit I had seen and stop being greedy.

I kinds of feel like I shouldn't have listened to him but in the real sense, he was right. Profit is profit with Hive. We earn it daily, so when it gets higher than normal, taking profit at any point is a good thing.

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Well... I could still change the title hahah. Anyways everyone wants to attain maximum profit, killing three birds with almost no stone and all.
Sometimes it feels like we've lost it, but one thing I've learnt is to be satisfied with whatever I could grind, save, diversify and hodl. As for the laptop, congratulations seems like eventually you'll get it plus the wig, an extra utility for the money.

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Yup. Extra utility.

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From where I stand, building with hive over the years, I've lost many opportunities to even own more money, but I don't bother because in the long run, hive, for me, would eventually prove more beneficial. For me, it's the long game, the marathon.

Epic closing statement bro. This is crucial. When Hive goes for glory, people are going to say you were 'lucky'. They won't remember the blood, sweat and tears you put into it :)

Well, what do I know, I might be wrong, I might be right, truth is, i'm not after immesurable wealth, I just want sustenability overtime and these goals actually aligns to what hive is actually bringing to the table.

Building takes time but always worth it in the future, we must learn from others and try to size opportunities without too much greed

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Yeah it takes time and commitment, I kind of feel that it eventually pays off, just like for you and I over the years of constantly grinding.

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Consistency is the key

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I think it is very important to know when to pull and when to push in crypto, that's what I've been learning.

Sometimes when you ceaselessy build, bull and bear becomes the same. Taking gains without even targetting the peak of the prices.

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I understand, sometimes it all gets complicated in your head, and choosing the right option becomes a bit tricky.

I've been reading about a new game coming to town. Imagine the impact on the price once that becomes a reality.

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A new game coming to town? I've never heard about that but feels like we could use every attention coming our wey.

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Nice post, it's very informative.

You're definitly right. Thing is that some people don't have any income, and the few they can get out of crypto at the moment is already good, some have the urgency for it, even knowing it would be better if they could just hold it 'till it mooned 2 thousand per cent more.