It is hard to hold Hive in the face of all other crypto outperforming us all the time, but at the core it is just better than everything else out there. Eventually people will figure that out.
I think that the key, emotionally, is to make sure that you are holding lots of other coins that actually do go up, like ETH or whatever. I made the mistake back in 2017 going all in with Steem. I lost millions of dollars selling my BTC for Steem at the top, hodling through 2018. And I am not even a Hive whale, not even close.. I would not have been rekt so badly had I kept my portfolio diversified.
am rekt as well, yet I as well believe it’s best of the bunch. I bought 3k steem for 6btc. just kept buying more over time.
Yep, same story here. I bought at the absolute top. I believed in Steem so much that I sold everything! 60 ETH, 6.49 BTC, and then I sold 600k ENJ coins that I had bought in the ICO after I got sick of watching it plummet over the course of a year. So many times I could have just fucking retired.
Really sorry to hear that! Stories like yours are one of the reasons I simply can't leave HIVE behind and move on.
For some reason I am stuck on here, after so much losses I just can’t break the habit of coming here everyday, browsing around, getting my 10 votes in for the day, and occasionally interact. What did it cost me? At the beginning I traded around 1.8 bitcoin for like 300-400 steem back in july 2016. I even powered up my steem knowing the power down was 104 weeks.... oh well, maybe one day hive goes to $10 and I can “get my money back” but I’m not holding my breath. The constant selling of hive to act as residual income for dozens/hundreds of users has always been our Achilles heel.
When did steem/hive pump?
When bitconnect riches were cashed out by Craig and Trey and got market bought poured into Steem, and when Justin sun and @theycallmedan were racing each other buying up as much steem as they could.... other than that, the only thing holding the hive price up is @smooth’s hbdstabalizer posts that are buying up hive at a pretty awesome rate. We need more reasons for people to buy hive.
It's rough, for sure. But I am in too deep to leave now. Although I have felt like it at times. Honestly, power down time has saved me once or twice. I always stop the power down after a day or two cooling off. It is kind of like therapy clicking power down from time to time.
The goal should be that powerup reduces the risk of irrational selling due to an incentive to hold, while still allowing for fast selling based on market dynamics.
Savage. So much development going on that Hive will be hard not to notice eventually.
I bought my first st**m for 5$ each. So it was also something painful :)
Yes, I could tell you some horror stories as well. I traded 100 BTC for BCH when BCH was like 400, and BTC was around 2-3k. A week later, BTC made its epic run to 20k while BCH actually went down in price. To top it off, I went to my mom's left my ledger and BCH got listed on coinbase, went from 400 to 4k, but I couldnt sell due to not having my hardware wallet. By the time I got back it was 800$, I said F it and held, ended up selling a year later for like 150$ a peice. Crypto can be hard sometimes. But that doesnt change much in terms of getting back on the horse. Most alts from 2017 that "died" actually came back to hit ATH in BTC. Cycles are vicious, and hindsight is 20-20, we have no idea whats in store for Hive, and hodlers could very well catch back up in BTC terms, I've seen in so many times.
It's a kick in balls feeling :) I know. But it happens.
I think all of us have done something like this with different amount of money :)
I sunk 35 BTC into Steem at the top.....kept buying....hive fork comes....sold all my steem and doubled down on hive....powered it all up......still plugging along......things getting better and more solid here everyday. It's slow but, in the end we should all do well on this adventure.
Well, I guess you have me beat there buddy. Of course the only time I ever had quite so many BTC is when I solo mined a block in the beginning times. Long story short, it was not worth much and I heard on the news that cops were busting people for having bitcoin and others were using it to hire hitmen. I had a panic attack and wiped the hard drive. I didn't notice crypto again until 2016 when I though.... oh shit! What have I done?? 50BTC added to oblivion.
I sold most of my Steem for Hive and bought a little eth and btc. No regrets for me, I love Hive!
Ouch! Not to be an ass, but it gives me comfort to know that I am not alone in huge losses. All we can do is pick ourselves up and keep pushing forward. I was just talking to my friend @steve.varner the other day about this. He has had a lot of successes in life, that in my opinion are due to his persistent positive attitude and never giving up.
Also, I don't always apply this rule, but I think it is wise to wake up every day and look at everything you have as a snapshot of what you are starting the rest of your life with, and work forward from there; leaving the past behind as if it never existed. As if you were dropped into the world with your current holdings and life situation. Aaaand go.
well said and that motivates me personally to stick to this Hive thing even more - I did not use my Steem for Hive Power - however I added all into the ecosystem aka Splinterlands mainly and other games. Now I consider to at least get to Orca level here - the chain and the community are too good to not be recognized on a much bigger scale.
This surprises me, I read the first comment and I feel sorry for @llamaron I know cryptocurrencies can be tough as friend says but that doesn't change much in terms of getting back on the horse and I see you have recovered quite a bit, I continually read your response @nuthman and it is the PUN of comments, I really was open mouthed at the time you lost millions of dollars and continue to stand firm on Hive, I hope and you can be a whale on this platform someday but as you say you are not even close I don't know what to say about it, I share this with my friends who participate here and it was the same reaction: ( Sending a hug and Greetings from Venezuela!
I think losing all that money was an eye opener for me. I was taking huge risks back then wasting money and living above my means. You live and learn, I suppose.
Gracias @mariasalas19, saludos y un abrazo desde Los Angeles!