Hi fellow Lions,
Today I wanted to discuss the importance of keeping a consistency and growth mindset, regardless of what the monetary values are doing!
With the turning of the calendar year over into the next one, 2023, it's a good time to reflect a little bit, even though I've done a lot of reflecting regardless. I think reflection is very important to do, just as long as you don't do it too much, or in an egotistical way! Lol
With all of the craziness that has occurred over the last year in the crypto ecosystem, one of the things that remains important and something we all should keep in mind is that we need to have things that we are building, instead of just throwing money at the wall to see what sticks. Just like the train here, it's going to keep moving and it's good to try to keep pace with it so that we can hop on when the time is right instead of it blowing right by us when we have our attention turned elsewhere!
One of the things that I've been glad that I haven't done myself personally, is gotten into the noise that is the DeFi space over the past 2 years or so. I've dabbled in it a very tiny amount but it was all far too confusing and complicated for me so I've stayed out of it for the most part, except for a minute amount of Cub that I got ahold of and is likely completely gone at this point since I haven't touched it in about a year or more now lol.
What that has meant for me though is that I'm focusing on building my portfolio in other, more consistent areas such as Bitcoin, Litecoin and some others like Hive so that I can have things that are a safer bet versus the platforms and (shit)coins that are out there offering ridiculous APR's and risk protection, and ad nauseum other offers and snake oil shit to try to entice people to hold their bags so they can make a quick exit.
If there is one thing that places like Celsius and FTX have taught me it's that for me, my style of crypto is far safer and less profitable but more consistent in the long run lol. I don't, for the most part, have to worry about being rug pulled or getting my information stolen and exposed out there because I signed up for shticoin 123 that was broadcasted to me by smalldicktony333 on Discord. This allows me to sleep far more soundly at the end of the day than I would if I was wasting my time and energy in these other areas. Don't get me wrong, I know that people have made a considerable amount of money buying and flipping these shitcoins but that's not something I have the taste or patience for so I stay far away from it and the headaches and losses associated with it.
This means that although I am investing and engaging in cryptocurrency, I am far more conservative in my approach than I see a lot of people even here on Hive. There's nothing wrong with that but this is the mindset that I've had for 2021, 2022 and it will continue to be the mindset for 2023. It won't net me crazy income that will allow us to sell our place and move to a mansion but it also is less likely that someone will break into my house in the middle of the night and put a gun to my head looking for the keys for my crypto that I'm flaunting like a doofus lol.
I am looking forward to the prospects that occur in the next year for the cryptocurrency ecosystem, we know that governments and other institutions are going to try to claw their way into our wallets at every possible step but with people in the tech sector, there is always ways and things that people are going to get around that nonsense so that we can keep our assets, our assets.
I'll be still buying Bitcoin, Litecoin and Hive with the engagement being focused on the Hive ecosystem itself on chain such as Hive via PeakD, Ecency and Leo Finance and not wasting my time in Discord and other off-chain activities. I think these building strategies are going to be what is going to bring forward people and the next generation of dolphins, orcas and whales in 2023!
What are your plans for 2023 in the crypto space? Are you going to try to get into other things like DeFi or are you going to try and play it safe like me and stay away, focus on building instead?
-CmplXty. Real human written content, never AI.
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