I remember around three years ago when 
But, another interesting thing to note is that this being the first month (and a bit) of Hive's existence, it is also the same month of the All Time Low (ATL) of 8.6 cents - which is exactly 1/5th of the high. So, if you bought at the low and sold at the high - Congratulations, you made 500% profits in 18 days.
Good luck doing that in places other than crypto - and Ocean's Eleven-esque heists.
Things move fast in the crypto world of price, both up and down, and umming and ahhing indecision can often lead to missing opportunities, but can also protect against losses. However and as I have mentioned before, if you aren't willing to lose what you are investing completely, you probably shouldn't be investing into crypto at all.
My stance is pretty simple on this. At the point I transfer fiat into crypto - my fiat is gone, my total loss has been realized - it is no longer mine. For me, this reduces my reactions to whatever happens past that point, up and down.
Down, because as I have already mentally accepted the total loss, it doesn't hurt so much. Up, because while it is great to see the "ROI", it still isn't mine until I can do something with it, meaning unless I sell for something, it is only a technical gain. For example, I was buying some Hive at quite low prices, but since I am not selling that Hive (I powered it up), it will likely reduce in value somewhat to wherever it was and that gain gets stripped away, one dip at a time.
While early on i used to get the gut wrenching feeling at a 30% drop, these days it hardly registers emotionally at all. This isn't through desensitization of frequency (maybe partly) or because I am rich enough not not care (quite the opposite), it is just that I have already written it off psychologically. There are other benefits to taking this position as well, especially on Hive.
For example, when there are price fluctuations up and down, I am largely unaffected at the content level, as my contributions are independent of the price of the token that rewards it. Also, I look long and look at gathering the tokens, not the price. Because I have a long view on Hive (I earlier had on Steem also), the immediate price doesn't mean as much as the future price of the token - when I will consider taking some profits.
The other area accepting loss is it reinforces the idea that the HIVE isn't mine until it is in my wallet - which means I am less emotionally affected by being downvoted - as annoying as it is. Those who think that getting downvoted takes away from them is mistaken, because unless that HIVE is under your control and usable, it isn't yours. Prior to payout, that HIVE dollar amount on the post indicates that some portion of the future token print is earmarked to be transferred into a wallet, but earmarks are not set in stone, they are the corners of the page turned down, and they can be unfolded and flattened again.
Life may be a stage and all of this might be a game - but the greatest limiting factor isn't a lack of money to invest, it is the emotional position we each take and the fears we have. We fear losing money, we fear losing opportunity, we fear losing face - we fear losing. Because of fear, we let opportunity after opportunity pass us by and while we "protect" ourselves from the various losses, we also wall ourselves off from gains.
One of my favorite books I have read as a child has a passage on love that speaks to me of opportunity and the overcoming of fear. It is by Khalil Gibran, a poet.
When love beckons to you, follow him,
Though his ways are hard and steep.
And when his wings enfold you yield to
him,
Though the sword hidden among his
pinions may wound you.
And when he speaks to you believe in
him,
Though his voice may shatter your dreams
as the north wind lays waste the garden.
While this may reference being open to and investing into love and loving fully despite the pain that may come, it also applies to the world of investment in general. The path is hard, steep and just when you think you are up, the sword drops and cuts you down - but to have the potential of the future, one must risk the swing of the blade.
People buy on hype, people sell out of fear, people hesitate in uncertainty. When you have already fully accepted the loss prior to its realization, what you are investing with is no longer yours, no longer in your possession - it is a tool, a hammer, a pen, a car. What you build, write and where you go with it is up to you.
Not everyone is skilled with the tools they use - very few have control of their emotions.
Taraz
[ Gen1: Hive ]
