I'm annoyed so I'm saying goodbye

People who think they know everything are a great annoyance to those of us who do.

- Isaac Asimov -

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Like everyone I'm susceptible to most of the human emotions and in the last few days annoyance was one of them; I'm actually so annoyed that I've decided to say goodbye and I'll be better for it.

I trade on the exchanges and have done well from it; I'm not the world's most savvy crypto investor/trader so don't always get it right but losses have been relatively small and the gains have made up for them tenfold (A hundredfold to be honest.) I've managed to be in the right place at the right time and I avoid chasing massive gains in preference to multiple smaller ones so managed to build a solid portfolio. So what's got me so annoyed that I'll say goodbye? Well, I wasn't in the right place at the right time recently.

I have a power up (stake) ethos and rarely exit funds from the Hive blockchain; 9th December 2024 is the most recent - 73 Hive - and April 2023 was the time before that. I power up because it increases my vote and earns me greater curation but when I do exit funds it's to trade on exchanges and on a few occasions I've sent a few thousand Hive to people from the blockchain who needed the help - I don't exit the funds to turn into fiat as the price is too low.

Anyway, I'm annoyed because the Hive price went to 0.40+USD and I had almost no liquid Hive to send into the exchanges for trading. The 73 Hive went though and I sold at 0.41 with buy-backs set from 0.20 and below so I'll double it then power back up.

Saying goodbye

I don't want to miss that boat again so I decided to say goodbye to some of my staked Hive - for a little while anyway - and started a full power down which I'll stop after the first week. This way I'll have 20,000+ Hive liquid for trading purposes. My hope is the price holds at about 0.40 (or more) until I have the liquid Hive and I'll double my 20,000. I'll power that up of course, but retain the original 20,000 in liquid Hive to take advantage once again.

I'm annoyed I left myself short and it's cost me big time because I'll (probably) not get the chance to double-up that 20,000 on this occasion but there's always often a silver lining in one's fuckassery and for me it's been the opportunity to learn something.

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When I started on the blockchain I started with zero funds and back then there weren't curation initiatives so my posts earned cents, if that, but I kept plugging away and have never exited funds to turn into fiat, only to trade, build and put back in, which is why my little stake looks like it does today.

I know so many of you exit all (or most) of your funds week by week (day by day for some of you) and I think it's fucken dumb. Read this post by my mate @revisesociology to see why for yourself. But even if you don't I wonder, do you ever feel you're missing out on the opportunity to increase your holdings because you exit your earnings and use them rather than play a longer game? (hint: you are missing the opportunity if you do that) Where do you think your holdings could be if you had a better strategy? Do you think you'll ever build for the future instead of living hand to mouth with Hive...I mean, it could all stop quite abruptly and you'd have nothing right? Feel free to comment if you like.