I was reading the post of someone on Hive, and just as always, I had something to learn because 80% of this person's content is absolute gem.
So the man has been here for about 5-6 years, I am not sure. He began playing Splinterlands earlier, started small on Hive, and, while he is not a frequent talker, he always has some worded wisdom to share from his experiences.
He recently discussed how he started small in crypto and then moved on to Hive. He mentioned that he could have purchased Hive for 10 cents in 2020 but did not, not because he lacked conviction, but because he simply lacked the necessary funds.
He mentioned saving money, buying a lot of Hive, and planning to retire on HBD. The man knows his onions; he appeared to be the epitome of a modern-day crypto guy, working in real life to retire later in crypto.
To be honest, I have the same conviction as he does, but I lack the means to execute these convictions.
Starting small has a significant disadvantage because you will miss opportunities that you should not have missed; sometimes these opportunities will present themselves again, sometimes they will not, and sometimes they do, but we have a tendency to repeat the same mistakes.
Bulk accumulators have always been the biggest winners in crypto.
The reason for this is that they have the opportunity to profit handsomely when the market begins to print massively, which is understandable given the amount of effort and money they have put in to get where they are.
If you start from scratch, you are significantly disadvantaged, unless you have the capacity and longevity to build for a long time. Long time is not two months; it is five or six years.
People who are already ahead will amass enough wealth to be in a position to take advantage of every bear and bull run, while you will continue to accumulate slowly. Now throughout the process of waiting to gather enough, something else can happen and you can no longer build, and your dream would have been completely wasted.
Not all builders gets to finish their building
Not all of them (builders) gets to live in the mansions they're building. Some builders can become overly impatient and lose their cool, potentially killing the golden goose that lays the golden egg, or becoming demotivated after going so far.
Building for a long time comes at a high cost; one of the most significant costs is that you cannot eat your cake; you must leave it in the oven to continue baking, and if you make the mistake of eating it too soon, you will never make it.
To make cryptocurrency a life-changing experience for you, you must make personal sacrifices.
One of them is to invest money and effort, not just a little, but a lot of it. If you have the cash to splash, you can still lose all you've got especially without the right experience, and this some of the lessons you'll learn by following some of the crypto bros here on Hive.
To be honest, if I have any cash today aside from Hive, I already know where I am going to put it, assuming I already have enough Hive (which I don't) and want to spread my tentacles wide.
Being a small starter means you need experience and money. Time can give you the both, but you must sacrifice a lot of it (time) in the process .
There are already major players in the game.
So, despite the fact that this may appear absurd, players are constantly praying or looking forward to the bear market.
Bear markets are where millionaires are made
For smaller players, we always have to look towards the bull run, because this is how we get to have a little financial means to play the game, but not being in a position of good liquidity means that the bull market is of no use to you, because you can only sell in bull markets and never buy.
Unless you're inexperienced, which most bull run shoppers are. Unless you are trading into stable coins, you are most likely going to fail by buying in a bull run, which is why it is always difficult to make it in this space.
The market appears to be bleak right now, but by September, no one will remember there was ever a time like this, despite the fact that it is only six months away. Unfortunately, people will wish they could travel back in time and make things right.
It takes four years, which is why it is difficult, and there will come a time when the market cycle will change, and we will most likely have a once every six or eight years cycle.
This would mean that those who started earlier would have been the biggest winners, while those who started later and hoped to build their way to prosperity would have to give up or keep pushing.
The best time to have started building was 5 years ago, and the next time is today, but I honestly do not know if it will get easier; it just feels like it will get harder.
Interested in some more of my posts
