With all of us being involved with crypto we understand the volatility as this comes with the territory. There is a personal challenge type game I play with HIVE and that is to get to the point of maintaining a$40K account balance. With the latest dip my HIVE balance has dropped slightly under the $40K value and this time around it is much closer.
This time last year I would have had far less tokens staked which we know as HIVE Power and the balance would have been closer to $30K than $40K. Growing trying to stay at a constant value is virtually impossible and you will always lose as the volatility is so severe.
A $0.01c drop on a 100K stake is $1K and if one had 1 million tokens the 1c drop is a drop in value of $10K. This is nothing in comparison on what can be added and why many look at the negative when the upside is where it really matters and why growing the portfolios numbers is what matters most.
We all know we are not really losing value as we would only lose if we sold our tokens. This is not the time to be looking at prices and this is the time to keep on accumulating which is a never ending task that lasts for 99.9% of the 4 year crypto cycle. The only time that really counts to cash in is a small window that may last a couple of weeks and as soon as it arrived it is gone again for another 4 years.
Timing the market cycle is everything and I guess it is not easy as your mindset needs to change from growth to selling. I know already i am going to struggle as having only a growth mindset for a long period of time is easy and having to flip the switch is not going to be easy.
This is the total opposite of what you have been doing for the 3 years and how many months and in my case it would be virtually 2 full cycles. This is apart of the cycle I have watched in awe, but never participated as I believe you need to learn how a cycle works experiencing it all first hand.
4 years ago I thought I had no value so there was no point in worrying about price and how wrong I was as my medium sized bags were worth $250K. The bulk of my crypto portfolio was in HIVE and the 60K Hive Power I had at the time was worth over $200K. This is nuts when you consider this and why you can never underestimate what the market can do and one needs to be prepared for the unexpected.
If this dip drops even more and I end up closer to $35K then nothing has really changed and the growth will just keep on taking place until I can get past the $40K. This no doubt will be $50K at some point and the numbers will just keep rising each year. Playing a game within a game with your stake helps keep me active and makes life a little more interesting. Numbers can be fun and staying active with consistency is what unlocks even more.
