So, the 2nd quarter of 2022 came to an end. For those of us in the Cryptosphere — and in most financial markets, for that matter — it was likely a pretty miserable experience.
Wow, that was quite a month!
I got to thinking about how our goals persist, regardless of market conditions. And what is even more important than having goals, is tracking our progress.
At times like these, it's easy to just overfocus on "wah-wah, look how much money I lost" but if you're in your investments as a long term proposition, chances are you really didn't lose anything.
That's one of the reasons I try to focus more on units than on dollars and cents. And I look at whether or not I had a percentage gain in terms of the number of units of an asset I hold.
Looking at the values of your crypto holdings in terms of dollars and cents only makes sense to me if you're bumping up against a planned liquidation of some of your assets, or if you've reached the point where absolutely no doubt remains that some item in your portfolio is — and always will be — a losing proposition.
One of the sad things I often observe is people sweating bullets in down markets when they see that their "retirement fund" is down 30%... and it's going to be another TWENTY YEARS before they retire!
But back to tracking your progress...
I decided to review some of my own goals and my progress. As I have mentioned before, I'm "the tiny investor" around here, so my aspirations are very modest.
One of my goals is to build my stake in Hive-Engine's BEE tokens, with an eye towards eventually reaching 1,000 BEE staked, by the end of 2025. I don't have very many tokens yet, but during June my unit holdings grew by 5.3%.
On the same time frame, I am hoping to also reach 1,000 DHEDGE tokens. With these, my holdings grew almost 6.5%, in terms of number of units. Not bad.
Meanwhile, it was a good month for me, in terms of adding more Hive Power; my HP balance grew by 18.6% in June! Of course, that's easier when your account is small, but I take every little victory I can get.
Last but not least, I recently alluded to wanting to hedge my bets a bit by putting some of my liquid rewards into HBD savings, to take advantage of that nice 20% interest rate... well, I ended the month with 24.273 HBD in savings, up from 11.418 HBD at the end of May. It may not sound like much, but it is progress.
Still adding occasional stake to both POB and VYB, although I am not sure what sort of future they have.
My overall point here is that — regardless of the cryptomarket turbulence — I made progress towards my goals, pretty much across the board!
I realize that reading a post about numbers and percentages might not be all that interesting, and this post IS partially for my own benefit; something to look back at from a future time, as I work towards my goals, small as they might be.
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Curator Cat 01-JUL-2022