BTC is dipping again, or should we say correcting. It is probably not as bad, and it is healthy, but it does drag down the market and most alt coins that are gaining bullish momentum. However, if you are not selling, there is no reason to panic. These are favorable trading conditions. Having some money to buy and sell at this time is a blessing. I remembered when I used to trade against the market, buying and selling, taking a small profit and then continuing.
Back then, I used BTC, ETH, and even Hive. I believe my trading days are over, and I no longer possess that wit, hunger, vibe, or temerity
It's what it is.
The market is not for Sofies.
......and at the moment, this is who I have become, and let us just say that circumstances and my life will take an unexpected turn in 2023. The fact that I am now a softie does not mean that I do not have a critical eye on the market. I still do my analysis, play Splinterlands, and fantasize about crazy price dips and bulls, but only for the thrill of it. I was telling someone that I could have bought some bitcoin in December, and I know I would have.
I was that risk taker who mostly just turned a deaf ear when people were uncertain and panicked; instead, I chickened out. It was not because I was spineless; I was suffering from severe depression and a lack of interest in everything. Anyone who purchased bitcoin in December will have doubled their money. Imagine investing that extra profit in a small meme coin and purchasing Hive. Powering it up and earning curation rewards, or investing in 20% HBD returns.
In crypto, all you need is a little money, a lot of guts, and 70 to 80% of your decisions to go your way. When this occurs, you effectively multiply your money by whatever number, and more good decisions will eventually come your way. During the last bull run, I accumulated a large number of PRE tokens and did not sell when it was convenient. When I did sell, the token had increased in value by more than tenfold from its initial price.
It feels great when these decisions go your way, but one thing about cryptocurrency is that you need a clear mind, a free spirit, and a functioning brain that is free of sentiments in order to profit. I have not had this since September of 2023, which is why I now call myself a softie. Nevertheless, if there is life, there is hope. I am not sure if I will ever be free of my anxiety and the disappointment that comes with all of the illnesses, but it is a long road, which is why I have not participated in the crypto market's profit and loss scheme thus far.
Stake Enough For My Power-up
I just do not think I am mentally stable enough. However, I have completed my monthly Hive power-ups, and because it does not require much of my time, I have decided to continue supporting the people I support on the chain while also increasing my stake; this does not require much of my time. So I did my regular 200 Hive Power Up, and it is great to see the Hivebuzz notification. The one for April is finished, and by the grace of our Lord Jesus Christ, I hope to do another one on May 1st.
Currently, the only thing under one's control is their intention to build. Nobody knows whether we will see Hive's ATH again; this is currently out of control, so focus on what you can control. There is a lot of market uncertainty right now, so I mostly avoid the FUD and FOMO. Many people who sold all of their Hive bags in 2021 are beginning to FOMO. It is perplexing to watch people ape market sentiment, but you can not have it both ways.
No Magic money Anywhere
There is no such thing as magic money in cryptocurrency; only strategic decisions that result in outstanding profits. While I mostly support people who are invested in and want to improve their Hive portfolio, you can only eat what you grow. See you in May.
Interested in some more of my works
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How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
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