The price of HIVE is running so everyone is happy. Seeing the price move means that something has to be right.
To me, this is complete lunacy and really is reflective of nothing.
Personally, I have been around markets long enough to understand they have no idea what is going on and are a lousy barometer. When people look for validation from the market, they end up losing. It really is that simple.
Over the last couple years, I was steadfast in my belief with HIVE as well as LEO. Obviously, the conclusion about LEO started to be validated a few months back. Yet, it is interesting to note that I did not need it. My confidence in where the project was heading remained steadfast throughout. I foresaw this conclusion when the price was .30 HIVE as well as when it was .025. That is why I kept buying.
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The reality is people will offer up all kinds of excuses and reasons why something will fail. They will express their opinion often based upon little knowledge of the situation. Of course, this does not diminish legitimate concerns and that they should not be looked into. After all, many ventures do fail.
That aside, the key is to have conviction in what you are doing. How is this accomplished? To start, it is not done by listening to the naysayers. Take what they state into account as a means of doing more research. However, in the end, it is up to you to decide what you think is best.
One of the best ways I find to do this is to research a particular venture more than most. This gives me a leg up on most everyone else. Naturally, this means I cannot be focused upon a ton of different opportunities since time constraints always crop up. However, when we do find something that is appealing, stay on top of it to the point that it is near obsessive.
Over the last, I put together a number of articles and videos about Tesla. This is a project that I followed for many years, even before I started to invest in the company. That said, over the last couple years I analyzed all I could, including the counter arguments against the company. Because I did that, I felt confident in having some of my holdings in that company.
Do you know who followed this same model? Bitcoin hodlers. Think about that for a second: Bitcoin is at an all time high and they are reaping the benefits of it. Now, we have Wall Street and corporate institutions getting involved along with the first government (Miami).
Of course, this was not always the case. Consider the plight of the Bitcoin hodler over the last 10 years. There were hundreds of reasons given as to why Bitcoin would fail. Some were legitimate concerns being expressed while most was just FUD and bullcrap. Nevertheless, that worked since a lot of hands were forced out.
The Hodlers, however, remained strong and, today, they are in a position to reap the benefits. Many, though, are still holding true and not willing to sell, even at these levels.
Over the last few years, I have heard so many reasons why Hive would fail. There were naysayers who were there every step of the way. Naturally, they are still with us, continuing to espouse why Hive will not be successful.
Now we now have a terrific run up in the price. To me, this is a who cares moment. I quite frankly do not care about the price since I do not believe it validates my view whatsoever. In fact, I am not looking at the market to do that for me.
I spent time researching, analyzing, and doing my best to understand what is going on. Hence, my conclusions are not based upon rah rah propaganda. My view is very simple: if I am all in on something, it is going higher. It is up to others to see what I do.
Does that mean I am exempt from being wrong? Of course not. What it means is my conclusions are not going to be swayed by some bullcrap that people through out listing all that is wrong with a project. I say bullcrap because that is mostly what it is.
Let us look at Ethereum. What a goat f*ck that is? The fees on there are outlandish. It is a blockchain that is slower than molasses. Finally, their updates are taking forever without a key issue, fee pricing, not being addressed for two years.
WTF? How can anyone invest in this piece of crap? Considering the over $210 million, I guess all of that doesn't amount to anything for most people. They believe that Ethereum will not only survive but also be highly successful.
Certainly, there are many who are just riding the Ethereum wave. There is nothing wrong with that. However, there are many who are fiercely committed to that blockchain and believe 100% in what is taking place. Personally, I am nowhere near schooled enough on Ethereum to dispute any viewpoint. There are many others who know a great deal more about that than I do.
At the end of the day, life changing money comes from two things: being committed and going big. This is the only way to do it from what I can see. You look at the greatest accomplishment, that provided the biggest windfall, and it did not come from being wishy washy. And it all occurred in spite of the naysayers throwing a wet blanket on things.
Musk, Ford, Bezos, and Jobs are just a few of the names who took this approach. They went all in on their ventures while being attacked by many. In the end, they were able to break through and overcome whatever challenges were presented.
While few, if any of us, will ever be in this class, the reality is we can greatly increase our chances of success by applying the mindset they have. Ignore the bullcrap and trust yourself. Do the work, put in the effort, and understand what is taking place. Embrace the fact there are no guarantees other than the fact that those who do not try will never be successful. That is the only given.
In the end, there will always be naysayers. Ignore them and focus upon what is important. If you think this awry, just as a Bitcoin Hodler what they went through to get to this point.
Their experience is a lesson for us all.
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