I'm not selling. I'm not stressed. I just wish I had cashed out at 69k to buy the dip! This is exactly why I treat crypto as a long term investment rather than as income. Do whatever it takes to stack your sats and tour Hive. The grind may be hard but in a year or two you will thank yourself! 🔥🔥🔥🔥
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My work:
📕 Confessions of the Damaged psychedelic spiritual fiction
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🎬Self Help For Trolls - vlog
Confessions of the Damaged 1.1 - Out now!
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▶️ 3Speak
Mehn. I saw Hive go to $1.5 to $1.9 the market is going wild
I’m happy as long as we are building. Crypto is 40% tech/store of value, 30% exchange and 30% hot air. This is just the market farting. As long as we keep building this community we have nothing to worry about.
So true. Just going by all that we've seen in the market this month I think we are in a safe place if you ask me
Patience - HIVE has history to go up after BTC goes down..
I would loooove it if hive hits $5 before bitcoin recovers....could make me a hive whale when hive dips again. Hive to bitcoin, bitcoin to hive. Buy low sell high 😼
People who have been here a few years vs. people who just hopped on board the rocketship:
Haha exactly! But iduno. Some people are so into short term price that they forget they've done this before!
With that relaxing smile, i'm definitely sure you're not stressed hahahaha. The BTC dip was definitely a buzz killer but then, I stilll believe that we can still see 60k BTC before the new year. Plus I don't think the hive wonder is over. To be on a a safer side, I just build but take in little profits.
I have no idea what will happen. All I know is that the whales want to scare us all out of the market and they are far better at that than people think.
For peace of mind I just stake.
I think the best strategy is to stack hive, 10-30% liquid for when hive soars to buy bitcoin. Then when hive is really low use bitcoin to buy hive and repeat every 2-3 years. Then in 6 years maybe cash out 20% to buy a house 😼😼😼
hive is future of crypto currency and at this stage hive looking strong, i think it was big crash, but hive is strong,,, position, dear,, boom boom hive
Boom boom hive forever!!!! 💥💥💥💥
Either your apartment is very small, or you're very tall :)
Anyway, love your realistic positivity and down-to-earth approach. Thanks for the little bump during a shady time for me!
I'm new to crypto, so too many drops shake my resolve, especially as the future seems bleak and uncertain (unrelated to crypto, meaning I fear when I will need the cash).
BTW, your post got me thinking so much that I decided to make a separate post about it :) Thanks for the mind-seed!
No problem! Thanks for making comments that make my day. I'll go check your post. Don't be discouraged. Make it all fun and then you won't have to motivate yourself, the process of doing stuff will motivate you
Keep stacking... that's my goal and it is along term goal for me. I am not worried about the market. This is for the future.
Here is a detailed summary article about the episode:
Navigating the Crypto Market Rollercoaster: A Long-Term Perspective
The crypto market has been a source of both excitement and stress for many investors lately. In this episode, the speaker shares their personal approach to managing their crypto holdings amidst the recent volatility.
Staying Calm During Dips
The speaker acknowledges feeling a bit "disappointed" by the current market downturn, but emphasizes that they have never viewed crypto as a short-term income source. They recognize that using crypto earnings as a primary income can make it difficult to progress financially. Instead, the speaker sees crypto as a long-term investment and wealth-building tool.
A Five-Year Plan for Crypto
Drawing on their observations of the crypto market since 2011, the speaker has adopted a five-year plan for their holdings. They believe that while the market may experience periods of slower growth or even bear markets, the overall trajectory remains upwards. The speaker is willing to hold their crypto for at least 3-6 years, citing the potential for substantial gains over the long run.
Lessons from Amazon's Rise
The speaker compares the current state of the crypto market to the early days of Amazon's growth, noting that Bitcoin is significantly more volatile. However, they believe that just as Amazon slowly rose to dominance, Bitcoin and other cryptocurrencies are in the "Amazon territory" of a gradual, but steady, ascent.
Avoiding Reliance on Crypto Income
The speaker emphasizes the importance of keeping one's regular income and crypto investments separate. They advise against relying on crypto earnings as a primary source of income, as the volatility can make it challenging to maintain financial stability. Instead, the speaker views crypto as a "future money" and a secondary source of wealth.
Weathering the Storms
While the speaker was hoping to cash out a portion of their crypto holdings at higher prices to fund a business venture and build up their savings, the current market conditions have put those plans on hold. However, they remain optimistic and are willing to wait it out, believing that the market will eventually recover and reach new highs, potentially surpassing $100,000 per Bitcoin.
The speaker's overall message is one of patience, discipline, and a long-term perspective when it comes to investing in the crypto space. By separating their crypto holdings from their primary income and maintaining a multi-year investment horizon, they aim to weather the market's ups and downs and ultimately achieve their financial goals.