Does this suck?
Yes. Yes it does.
Is it the end of the world?
No. No it isn't.
Markets are marketing - so suck it up. If you have cash to spare (or burn depending on how you look at it), buy. If you don't but are watching your crypto holdings bleed value by the minute - hold.
Or sell.
Perhaps crypto is dead and you best get whatever value you can take from your holdings now, just in case. Or perhaps you can sell now and buy back at much lower prices later, and double your stack, and make insane gainz on whatever you have. Will they be insane, or just better than not crappy?
Depends on how much you hold.
When asked "how much crypto do you have?" I think the answer is always the same for me.
Not enough.
I wouldn't mind some more right about now - though what I would buy with doesn't motivate me. We have booked the landscaper to start work in August and that is going to be expensive. But, damn that would make a nice little buy about now. Of course, my wife would never agree to that, especially as prices fall, because she would be scared of there being no recovery.
Risk and reward.
What are you willing to risk for what level of reward? What kind of timeframe do you expect to get the reward in? How much will you pony up?
In my experience, a lot of people on Hive aren't willing to actually buy Hive. They complain about earnings and they complain about price too. When it is up they say it is too expensive to buy and they have missed out. When it is down that Hive is dead and they aren't willing to spend on it. One of the drawbacks of Hive as a token is that it is relatively easy to earn from the inflation pool without investing anything but time, and many people don't even invest much of that in either in order to earn.
Easy for me to say.
Because I do earn a little bit on Hive, yet I also keep investing it into Hive and Hive people also. I have been buying with my HBD for months now, which is a bit annoying because I could have bought a lot more. I wasn't expecting it to go down to 16 cents, thinking that 22 was around the low, but hey, it doesn't matter too much if it is going to be a dollar, two dollars or five dollars one day.
One day.
Like many, I used to think that crypto was going to give me a big pay day one day, but I have given up on that a little. Not totally, but I see it as more of a game from the monetary side now. It could pay off and I "win" or it might all collapse into the mud and I lament not selling earlier, or getting into it in the first place. Regardless, that is life. Sometimes we get lucky and sometimes we get kicked into the testicles full force. I have been kicked in the testicles a lot in life.
It is amazing I have a child.
But as frustrating as the price can be at times as it impacts future plans, life goes on and without crypto, I'd still have to work anyway. So, what actually changes? This is different for those living off their crypto earnings and trades, but that is a risky position in such a volatile market at the best of times, let alone the worst.
One day I will wake up and everything will be to the moon - or it will be zero. At this point, I am banking on moon, but I am not going to put a timeframe on when that moon might rise, or when the sun will set. I will just take a peek every now and again between living the life I have.
Taraz
[ Gen1: Hive ]