Crypto & Risks: Living In The Bubbles Of Stability
I've been reading the views of different people about risks lately, this is because it's surprising to come to terms with the definition of risks by some people. But then, when I try to understand their definition of safety, it's pragmatic, too rigid, and sometimes not easily comprehensive.
One thing I've come to understand is that there are no safer risks, all we have is calculated and uncalculated risks, whatever it is, there's no guarantee of safety to any of this, it's just that there's a likelier chance of success with the former.
When Hive hits its ATH of about $3.4, we had so many people wishing they'd bought it when it was lower. However, were these wishes genuine, for the love of Hive, or even out of investor's instincts? No. To me, these wishes were mainly out of loss and greed, majorly, as this doesn't resonate with everyone.
The Money Procrastination
The truth is, people, bemoan the fact that they didn't make profitable decisions, but they also don't want to be in that position where they would have to make that decision especially since they don't know if it'll be rewarding and worth it in the future. Let's look at it this way.
No one knows the future of any investment venture, be it gold, stock, Real Estate, or even crypto. We can only predict the future, based on the signs, omen, likelihoods, or possibilities.
However, intentional procrastination is one of the reasons why people don't invest when they could have, this is because the inclination of fear is bigger than any prospective rewards for them, nevertheless this is balanced by the subconscious cognizance that they may or may not be making a mistake.
When investing, no one is a complete winner or loser, we're a little of both and the quest to be winners alone is impossible.
Losers & Winners
Investing deals with intuition, we tend to be permutative and predictive when it comes to investing. So because we cannot see the future, there's always the possibility that we would be losers and winners, the ratio is dependent on things like risk management and being more brilliant with our decision making.
The decision to buy Hive when it's low can go both ways. Everyone understands this. This is the reason for procrastination, It comes because of doubt, but then people understand that when they don't eventually buy when they should then they might have themselves to blame.
However it's not bad to procrastinate when it comes to buying at the low, that hesitation helps people to make their decision. It only becomes counterintuitive when people begin to regret not being in the position to decide to buy
Risk: As Good As The Result?
Risk is relative, sometimes it's being hailed when it yields returns, and sometimes we begin to see the futility when it doesn't yield results. I feel that our lives are built on parameters of risk and absolutely stability is only an illusion. There's one thing I've discovered with crypto. Some people want others to fail where they've failed.
They're not just hoping for the investment choices they didn't make to profit for the ones who made that decision to take the risk. They're also hoping these people can fail to validate themselves. People who believe an investment prospect is bound to fail try so hard to also convince others that it'll fail.
This isn't just out of the goodness of their heart. One impressionistic aspect of humans when it comes to investing is that some people want to profit off a project alone, but they don't want to fail alone. This is a harsh reality. Nevertheless, it's crazy to think people should fail with their choices because they failed too.
The External Influence On Your Instincts
One of the reasons why people are skeptical about investing is because of listening to external financial advice from supposed "experts" while these people are seldom right, they're not always correct. By default, the life we live itself is risky, there's no guarantee for stability even when there's the illusion that we're stable.
Some things make people feel stable. For example, a person who owns a million dollars would feel financial, this is only an illusion. Realistically, the stability that this money brings decreases daily because it's being spent.
Some people like to live in a bubble of stability hence it becomes illogical for them to take risks. Sometimes, life brings us opportunities but the circumstances or difficulties that come with these opportunities are the reasons why we often procrastinate, it's the same situation that comes with investing in Crypto.
Interested in some more of my works?
Crypto & The Outrageous Learning Curve: My Splinterlands Journey As A Case Study
Understanding & Adjusting To The Real Purpose Of Motivation
Thematic Expression: African Child (Shot & Edited On My iPhone 12)
How I Create Original Images for My Blog & Why This is Important
Budgeting: Paying Yourself First With Crypto
Establishing Compatibility: A Case For Self-Improvement
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One of the things I'm doing "this time around" is focusing on the passive and active ways to earn hive on my own. I don't have fiat to invest in crypto but Hive has so much more to offer during the bear market for Hivians to accumulate more than last time. That's my goal so I will have more hive but zero risk for new monies.
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Well, you're right, irrespective of that, new Money isn't bad at all. The more the money, the more skin in the game. I basically think your strategy is good, nonetheless.
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I appreciate your confidence in my strategy because I second and third guess myself all the time. There was a time when I had 10,000 Steem, 10,000 Hive & 10,000 Leo and I honestly don't know what happened to it but I did replenish my lost .2 btc from 2017. I had converted .2 btc to steem in 2016 at the top and of course lost it all. I grinded back and rebought my .2btc but I should still have more hive/leo than I do. I'm all about the grind but I'd like to have 20,000 Hive and 20,000 Leo by the next bull. I'm grinding Rising Star right now for the hive.
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This is absolutely massive, one thing I can tell you is that, that we can't see the future, this is one thing that should keep us sane when we begin to bemoan the decisions we've made. The future is still very bright if you ask me. I think there's still time to keep grinding.
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Taking risk you can handle is important oo
Some people take risk and also take their life when it doesn't favor them..
But life is all about risk
Well I might not really know much about crypto but I believe crypto comes with a lots of risk which one has to face.
whoever invest shall take it profit alone so shall when the risk comes. You said it all, human will want you to fail because they've failed.
The point is that many believe they get rich when it bull, but the fact is that cultivation of getting rich start during the bear.
The truth is people make profit when they buy and not even when they sell. We're newbies when it comes to predicting prices though hahaha.
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I was having similar thought about this topic yesterday, asking myself would I have bought Hive at $0.10? While the answer for me will be an absolute yes, financing the purchase is often an impeding factor, so at every bull we tend to repeat the same I wish to have bought at certain low.
I think we will continue to see statements like this even in the future. At times we secretly wish not to be in that position to making a move on an investment but, no risk, no gain...
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While it would bean absolute YES" for you, many people would not know if they should because they're doubting the capacity of the product or project, but when it moons they'll begin to regret it. I think sometimes we have to attach sentimental value to some of the our favourite project, see prospects there. And maybe.... Just maybe the loyalty will be rewarded.
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Since the crypto market is very volatile, one cannot be sure what's the right time to buy. But yeah, buying in the bears could be profitable if the project was valuable.
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There's nothing stable in the planet, Crypto's Volatility is just way more obvious than the other things that are not stable. We find th time to always take responsibility for buying when we should. It's inevitably profitable
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Personally, I'm waiting for the hive to not just bounce to $3.4. and stick to this mark. Fluctuations between 2-4 dollars would be nice)
Well, the next bull run will definitely be crazy, I think Hive might just exceed that ATH of 3.4$
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I like the way you described it) yes, so be it!)
Crypto change my mindset when it comes to investing, nothing is certain and there is no perfect way in investing in it. I thing I know for sure is that the risk involved in crypto is high. Try to understand your risk
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When prices rip higher, people are so loud telling everyone they wished they bought lower.
Then when prices inevitably pull back... silence.
It's always the same cycle.
Cheers for sharing your thoughts :)
Exactly what I think too, I think the loudness tends to give them some certain validation. Anyways people always have a backup reason for doing the right one wrong things. Thanks a milliion for coming through.
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