When it comes to cryptocurrencies, there are different ways in which people view them. Hive and the different tokens available in the Hive Engine wallet are no different.
Firstly there are people who are successful and they make it look like a walk in the park.
Secondly, there are those who read up about it, watch videos and video tutorials about it, but still don't fully understand it, and obviously make little to no progress.
They know there is potential in it, but they don't fully understand how it works and they are too scared to actually get involved and do something.
Thirdly, we have those who have tried and failed...or even didn't make any attempt to understand anything, and make it out to be a scam and a waste of time.
But, as with anything else, you won't gain any knowledge unless you study the topic. But after you gained some knowledge, you have to put that knowledge to practice in order to understand the process before you can master it.
This is a process that is acquired over time.
Again, as already mentioned, Hive and the tokens in the Hive-Engine wallet are no exception to this rule.
First and foremost, the most logical thing to do is to read as much as you can (or watch videos) about it and at least gain some knowledge. I consider this to be logic, so I don't even include this as a step for the sake of this post.
So, let's continue to the steps required to get results and then improve on them.
Once you have an idea of how it works and about what is required of you to profit in any way or to make some progress, you need to find a way to measure your progress.
Whether you measure how many posts it takes you to get to a certain result, or maybe the length of your posts, but find something you can measure and compare.
Or maybe you want to achieve a certain result by investing in a specific token in your Hive Engine wallet, or trading some tokens for a profit in Hive.
Whatever it is that you want to do, make a note of where you are now.
Then apply what you have learned or what you have decided on doing, and measure your results.
Try different approaches and compare the results to find the approach that will work best for you!
Once you can measure your results, it will lead to the next step, which is to...
Once you can compare the results in the way you have measured them, it should become easier to understand what you are doing. You should be able to understand why a certain method, strategy, or approach gave you better results than the others.
You also need to understand that results won't always be the same for every individual. Something that didn't work all that well for you, might be a perfect fit for someone else.
You might find that creating new content works well for you, while the next person battles to come up with fresh, new content all the time, but he is excellent in communicating with other people via commenting and engaging with them.
Some people prefer to stay away from actively trading (either crypto or Forex markets), while others are making a fortune from it.
It's not to say what's working for one person, will work for the next. It all depends on your thinking, your personality, your likes, and dislikes...
But once you understand the process that works well for you, you'll be able to go to the next step, which is...
Once you can measure your results to the extent that you can understand why you are getting the results you are getting, you can set out to gain more control over the results you are getting.
By having more control over what you are doing due to the fact that you understand what you are doing - what many would refer to as you know what you are doing - you can now start to...
Once you know what you are doing, you can start improving your results.
You can now start to improve your results by tweaking and perfecting your strategy to the best of your ability.
You can even start experimenting with other strategies on the side to see if you can find something even better. But in the meantime, you can enjoy the results from your current strategy.
While reading, taking courses, and watching videos on the topic of your interest is good, it won't bring you any results.
To fully understand something, you actually have to put your hand to it and physically do it to gain actual experience, get results and then improve on those results.
Another point to remember is that there will always be attempts that fail. You will always have losing trades. You will always have posts that don't perform as well as other posts.
Do not allow that "less successful" post or the trade that ended up in a loss to derail you. Rather go for a walk or just do something to clear your head. Calm down, come back and start working on the next one.
Give your strategy enough time to make an informed decision about how to change or improve it. This is the time to decide what you could do differently, not necessarily to quit and stop altogether.
The whole process is summarised in this quote by H. James Harrington.
Measurement is the first step that leads to control and eventually to improvement. If you can't measure something, you can't understand it. If you can't understand it, you can't control it. If you can't control it, you can't improve it. ~ H. James Harrington
I hope this is helpful.
Thank you for stopping by and reading my post, I do appreciate it.
Note: All images used in this post are my own.
