The Value of Staying Active During Bad Times
One of the things I still remember from classes many years was this general consensus that the most important time to "stay active" and keep working really hard at your savings plan or investments (or even business)... is when things look the most bleak and hopeless.
Whether it's Hive or something else, it's very tempting to throw in the towel and just declare "why bother" when it seems like putting forth loads of effort results in virtually no progress. Or maybe it even feels like you're sliding backwards.
What brought this to mind was that I noticed — once again — this morning that the "value" of my Hive account is just 75.00 USD right now... after years of contributing and never powering down. Well, at least in terms of fiat money... if you just look at the HivePower tokens, it is at an all-time high.
It would be very easy to look at that and simply declare "This is basically a waste of time!" and join the many who have declared precisely that... and vanished from the community.
But crypto is a very volatile business. We see huge swings, based on only minor swings in sentiment.
Realistically speaking, it might not take all that much for crypto and Hive to suddenly start advancing, and then you end up going from $75 to $500 in the blink of an eye.
Of course, we could also end up at much lower.
My point here being that if you decide that you are truly in, that commitment included being totally in during even the worst of times. Which we currently are not very far away from.
I have no proverbial "crystal ball" to consult, as to whether or not we're going to see a turnaround... soon, or even much later. What I do know is that I need to move forward at least pretending like an upswing is going to happen.
Otherwise, what are we even bothering?
Feel free to leave a comment — this IS "social" media, after all!
As always, a 10% @commentrewarder bonus is active on this post!
Yup! I do agree that staying active during bad times is very positive for good results.
I just hope that "good times" will actually be a thing again!
I must admit that I do a little mental trick to reprogram my brain. I stop looking at the price, and make any calculations or record keeping an end-of-month only thing. Then I focus on the utility, treating Hive as purely a nice social platform and ecosystem of interesting things.
It means I have to forget about the fiat I invested in it, thinking of it as cash I spent on a hobby rather than any kind of investment. If the price ever goes back up again to the point where I can pull my investment out, that's a bonus, but in the meantime I just focus on Hive being a pleasant pastime.
That seems like a really good approach!
I have gradually come to treat my experience on Hive like it's a game. The building of Hive Power is like "experience points", and the various small investments I make in Hive-Engine tokens are like buying additional inventory/resources for the game.
=^..^=
Update: @curatorcat.pal, I paid out 0.356 HIVE and 0.000 HBD to reward 2 comments in this discussion thread.