I believe the best advice in Crypto isn't from whales, but people climbing up closer to my level. I've successfully climbed a ladder in my day, and each time I would find myself networking and climbing up with my peer group who are on the same path, and it was advice from those in the same journey that carried me to the top. Almost as if we were a part of an unofficial graduating class, passing on info to each other to smooth out the climb. So here I am on my blog documenting my Crypto Climb with a family trip to Universal Studios, Florida as a long term goal!
In Episode 4 of "Street Cents" I want to talk about Crypto Basics like buying the dip. For a notion so basic you would think most of you are yawning right now, but knowing the value of who dipped and why gave my humble begginer account enough teeth to make the potential for Blockchain Dreams coming true a reality!
Buying Hive at .30 says it all. (If your from the future Hive peaked quite nicely to a 3$ high in 12/21) Investing in Splinterlands SPT was another big hit and turned 50$ into over a 1,000$ at peak. Leo miners at a $1.50 average is another discount Token on Hive that has tremendous pump potential. This opinion on Leo Miners and the Leo Token have yet to come true, I feel buying Leo at an average of .25 cents a Token has potential for a large valuation down the road. All three of those investments had me consider the why and who? Bitcoin tanking thanks to Elon Musk? Everyone took a dip except SPT(Splinter Talk) which was already @ .0008 a token when I bought in, and I believe Bitcoin will continue to fuel the secondary market both up and down so this dip couldn't have been avoided and wasn't a reflection on the token.
The who was easy to answer. 3 outstanding Communities! Though Hive is the parent of both you can find 3 different distincts communities that have Faith and support in the Token they represent.
I believe meditating on Basics and researching what a dip involves will give begginers and people new to crypto investing a better handle on when to invest when the market is down. I am building, so holding is key right now, and I rarely flip my liquid crypto for profit. I think buying the dip strictly for profit is a more intense discussion and involves the basics we talked about, but relies on precise timing on when to pull the sell trigger.
The market is speculative and if it was so easy to flip millions it would hyper inflate to zero. So take anything I say with a grain of.Salt. Im in Construction on the Electrical side by trade sooooo..... I am not one to say I can give financial advice yaddayadda... so......
The next biggest bit of advice I can give is don't ever say, "At this rate of crypto investing times this many months means 30 years from now I will reach my stacking goals". Don't Say It! I surpassed my goals this year simply by buying the dip and re-investing profit. I couldn't believe I would hit any stacking goals for at least several years. I didn't know If I had the discipline to continue month by month. I had so many unknowns that I could have talked myself down before I ever made my first attempt. I spend more often than not shuffling the cost of a cup of coffee or a pack of cigarettes from one token to the next on Hive Engine/LeoDex and was blown away by the cumulative results of how small amounts gained traction. Thats another reason to remove A+B means 100 years from now out of your mind immediately! My core investment is from writing and creating content over the course of several years. You can earn 5 dollars on Hive and invest it almost entirely with no more than a 1% service fee and trade your 5$ on the exchange absolutely free for as many transactions as you can in a 24 hour day. That is advice you won't get from a whale. Making a dollar or even .25 cents a post is within your reach with work, and that means there is no reason why anyone can't gain Financial Independence on the Hive Blockchain. Fractional investment will change lives!
This year has given my account a little more teeth to bite into the Market, Thank You #splinterlands and splintertalk, thanks @Belemo for all the informative posts that help me make educated decisions and hopefully 2022 is year of the Lion😜.
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