Hive pulled some of the biggest gains in the crypto market since midnight yesterday. I believe it ranged from $0.38 to $0.65, approaching double figures from the price of about 24 hours ago. I was about to buy some Hive with the HBD I had, but at the price I saw yesterday morning, I was not too pleased.
I thought it could go lower. I wanted to accumulate more HBD in the hopes that the price of Hive would fall, allowing me to simply hit the internal market and purchase some cheaper Hive. However, yesterday I felt compelled to buy, but I lacked the necessary conviction.
I read some post early in the day, and the post was extremely FUDish. I figured out that even if Hive dropped back to the 30 cents range from the 38 cents it was at, it would still be a great buying opportunity for me, at least until we finally pump hard in the third quarter of the year.
The FUD post I read came from a prominent Hive user. He is a constant FUD poster, (80% of the time) always complaining about the price of Hive, but you would think he would listen to his FUD and power down and ape into one meme coin on Solana or something, but this person keeps buying and stacking Hive despite his FUD posts.
So I took some inspiration from his Hive post earlier in the day and decided we would go lower, only to miss out on the opportunity to buy more Hive due to a single FUD post I read.
So here's a lesson: do not listen to FUD during a bull market year.
.....if you do, you will miss out on profits because your emotions may be influenced by another person's FUDish attitude. I mentioned "bull run year" because we can afford to be bearish on alts every other year except during an official bull run.
The reason is that you have 24 months after an official bull run to be fearful, after that you need to wise up and start buying up. If you remain FUDish for the first two months of a bull run year, you will most likely lose as you watch the market pump in complete disbelief.
You will not only lose, but you will also regret it so much that it may have an impact on your mental health.
I have been in the space long enough to recognize or differentiate between FUD and criticism.
It feels ironic to see a FUDish user stacking Hive, but I go to understand something. You can be scared but wise. You should not be stupid and afraid at the same time.
It is either stupid but brave, or courageous but fearful.
When you're stupid and fearful at the same time then crypto isn't for you.
The person I mentioned was fearful, but he was not stupid. He was well aware that underestimating Hive was the worst thing anyone could do.
He is been around for a long time; in fact, this person maintained his stake in Steemit when the chain forked. He wanted to see which chain would survive before committing his loyalty.
Be content; greed makes you lose more.
Apparently, I wanted more Hive but ended up losing. I assumed we would inevitably drop in price (Hive), and I was already fantasizing about how many cheap Hive I could get with my HBD, but it did not work. Was I greedy? Yes.
I wanted more. In fact, at the start of the year, I had an intrapersonal communication with myself. "Hey, no HBD this year; everything that resembles HBD should be converted to Hive." I had already accepted, but on second thought, I was like "they are FUDing Hive, perhaps it could go lower, so I will wait." I ended up not misfiring on all fronts.
You Might Not Succeed As A Returning Veteran.
The bull run year is not the best time to build; instead, people use arbitrage (as we are currently doing) to accumulate more liquid coin in preparation for the big pump. When you try to build during a bull run year, you will either end up buying expensive coins or watching others who have built over time profit.
For example on Hive, a lot of people are already primed. So, if you return after two years and hope to get a whale to do some opportunistic curation for you so you can make a quick profit, it may not work. It means you'll be under pressure to get upvotes on your contents, and 80% of time you'll end up fraustrated.
There are no quick fixes; you must either stay through the FUD and winter and build, or come in with a large sum of money three to four months before a bull run year and purchase a large number of cheap coins.
Brothers and sisters, this is just the beginning. A lot of unexpected events will occur.
The Koreans are not done. The interesting thing is that Alt season has not even begun. This is an example of the types of pumps that you can expect to see in short periods of time. Be ready, very ready.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
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
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
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