Reflection on my Crypto Life: The 4 things I learned today

There are 4 things I learned today which are worth documenting/reflecting.

Maybe they will give you some ideas too.

So here they are:

1. Caution about being a crypto maximalist

The post below by @youngkedar98 is a timely reminder about the pitfall of going all in crypto. In short, it planted a person in me who begins to nag between my ears. It goes: what if crypto is only one of the many things worthy of investment?

Indeed, there is a danger in becoming a crypto maximalist.

Blockchain may turn out to be one of the many technologies that are disrupting the world, and not the ONE. The romantic story of Bitcoin bringing about personal autonomy in financial freedom away from the traditional institutions and decentralization is perhaps blown out of proportion. Almost every project claims to be decentralized, but how true is that?

In this bear market, besides DCAing into crypto, it is worth getting into other instruments slowly. Crypto won't be the only one that makes millionaires.

2. Being featured on LeoFinance again

My post yesterday Demystifying Hive: What would be a convincing introduction of Hive? is being featured on LeoFinance!

I am pleasantly surprised. I take it as an affirmation that I make sense, and my post is of value to the community. At least that is what the curator at LeoFinance thinks, even if it's for a short period.

There were a few questions I asked in that post, and I am sincerely hoping to answer them. When I answered them, I would place a link to them to succinctly explain what Hive is at the end of my posts. Hopefully, that can help explain what Hive is to people when they stumble upon my posts.

3. Considering investing in $PIZZA, $BEER and the likes

I have been kindly given some $PIZZA and $BEER by fellow Hivers.

Always roughly knew what they are for, but never considered staking some.

This is for Pizza.

This is for Beer.

One of the 'problems' in Hive is that posts that are older than 7 days do not get the curation rewards. The reward from the effort is shortlived, unlike on YouTube. This might be one of the reasons why new people don't find Hive as attractive.

I don't know about you, if someone bothered to read an old post of mine, left me some comments and give me some $PIZZA or $BEER, I will be elated.

In the future, I want to dig deeper into what others have written in the past, and collate them. With tokens such as $PIZZA or $BEER, I can still acknowledge that they had great posts.

4. Conclusion: Keep posting and curating in the bear market

I have a last point. I might as well use this a closure.

I saw a tweet on Twitter that suggests that although the Hive we earn in a bear market for every post seems little, if we don't spend it, it will be worth many times more in a bull market when the price of Hive rocketed.

This made sense. Thus this post, and my plan of bettering my Hive involvement.

P/S: This is not financial advice, and please do your own due diligence before investing.

Recent Posts:

• Demystifying Hive: What would be a convincing introduction of Hive?
• Developing for Nimiq: Get funding and support from the Nimiq Community Funding Board
• Litecoin's appeal: Low fees, fast, stable and among the top in market caps?

If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.

You might be interested in this post, @jacoalberts and @youngkedar98!

Posted Using LeoFinance ^Beta