Every community and cryptocurrency project grows thanks to people who believe in the project's future and their commitment.
Today I took another step in building my strength on Hive. Another Power Up. For me, it's more than just building the platform's strength, showing that Hive isn't dying but has people behind it who still believe in this project and its future. I hope many more wonderful people will join the project and make friends with me.
A big thank you definitely goes to @atnazo. I met him on Hive at the very beginning of my journey here, and he continues to encourage me to stay active. So he definitely deserves a big round of applause.
I've already achieved more milestones. My main goal now is to reach 300,000 Hive Power. I don't know if I'll succeed or if luck will continue to be on my side, but time will tell.
Another reason I decided to buy Hive was due to the pressure on the crypto market. The last few weeks were really successful for me. My portfolio was steadily growing. The success rate of opening positions was almost 100%. But, as is often the case with the human psyche, which constantly craves more, the God syndrome set in. I noticed that I was increasingly deviating from my original assumptions for opening and maintaining positions. My entries were now strategic, and the position size was three times larger than my initial target maximum. The liquidation price was close to my position, and when I was consistently in the red this week, and the loss was increasing with each passing day, I felt a lot of pressure on myself. This certainly affected my mood; I was easily distracted, and I was very nervous. I really dislike the impact the crypto market has on my personal and family life.
So I decided to cut my positions and reduce my dollar account. I went back to my original assumptions and stuck to a relatively safe, rational strategy. Taking advantage of the fact that the market returned to my entry point and I was able to close my positions without a loss, I implemented what I described above.
What worries me most about Hive? The large number of Hive accounts in power-down. You can see how many Hive accounts are being withdrawn from the platform, yet how few people are opting for larger power-ups.
The management style of some Hive accounts. Despite their high reputation and high earnings, they don't care about their stack and don't really leave anything in their account, and everything flows to the exchanges. There's too much selling pressure from people buying too little. Will this change? We'll see! Let's stay positive!
I'd also like to expand my account and post more than just about gaming. But I'm not sure which communities I should visit. Maybe you have some ideas on where to join and be active. Any suggestions are welcome.
See you in the next posts!