Price, Value and Changes
Bear Market Is For Building
That's an important conclusion many have reached over time. Why start with an introduction, when we can start with almost an axiom?
That refers to both building infrastructure, upgrading and optimizing software, but also your portfolio and your presence in the case of social media.
Instead of hiding under a rock and coming out when the bears go into hibernation and bulls start running wild, one should be present always, doing its thing, whatever that is.
After a crypto winter, few people remember you, and even fewer care what you have been doing in between, if you weren't around.
Price versus Value
There is also the idea that you should stop caring about price so much. Or at least stop watching prices so often.
Because price is different from value. Value is the worth of a product or asset to you, its use case. Price is what you get/pay at a moment in time for it if you sell/buy it.
The problem is most people act as if they invented investments in the bull market, and paralyze in the bear market. And wealth is created exactly in the opposite direction.
Price is important when you sell (best in the bull market), and when buy (best in the bear market). The bolded "when" is important. It means you're only truly interested in the price then, not every 15 minutes of the day (unless you are a trader). That's where limit orders are helpful, instead of the market price.
Analyze, set, and forget. Sort of, because you might need to tweak them every once in a while.
Reevaluate When Market Conditions Call For It
Besides your limit orders, there are other things that need to be updated, and plans that need to be reconsidered when market conditions change.
Yesterday I announced a change in my Hive yearly goals, which involve postponing my HBD goal in favor of my HIVE goal, as the most significant change.
That is an adjustment of the yearly goals dictated by the new reality we find ourselves in with a deep bear market. Under these circumstances, reaching the HBD goal would have been very difficult, and it hurts my HIVE goal as well, both directly and indirectly.
Indirectly, because it was another goal to focus on, which consumed resources that could be allocated elsewhere.
Directly, because I had my post author rewards set to 50%/50% HBD/HP, to receive the liquid HBD.
If HBD is below the peg (and it generally is during the bear market, even slightly), you receive more HP if you set your rewards to 100% HP. That's because the HBD part of the author rewards is valued internally by the blockchain at 1$ when the payout is made.
The inconvenience is that you receive all your author rewards powered up (curation rewards too), so you won't have liquid HIVE/HBD unless you power down or if you receive it from a different source.
But I already have a stack of HBD that can provide liquidity if needed.
So, yesterday I also set my payout option to 100% HIVE Power. That practically at least doubles my HP author rewards starting from 7 days after yesterday, with the 50% HBD portion. But I won't receive any more HBD rewards.
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Same old cycles. Same old habits... Builders will be builders and plebs will be plebing. The level of activity on Hive reflects accurately the crypto market mentality.
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Same old, same old, and yet nobody can predict market reversals accurately. In hindsight we are experts, but when it comes, we rarely recognize the signs. That's why probably DCAing is probably the best approach. Both in and out of the market.
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I agree.
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Yes, that's very true!
Post: a squeeze of really the most important stuff I've read in the last couple of days!
!CTP
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!ALIVE
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Great. This is a typical example of someone who tweaks his goals to suit the times and at the same time favor his investment portfolio. This is not bad at all.
Thanks, I guess? :) Because if it's too typical, I must be doing something wrong.
No, no, you ain't doing anything.
Over time I have learned that twerking as one goes on this journey is part of the game. If not, we'll get left behind.
This is true.
I am glad you agree.
That is the final goal, but it's hard to do it... I mean, I did that with my "not important" investments and I do check them once a month or such... But, with main bags, I can't stop looking... hahahaha... Luckily, I don't trigger myself to sell... 😂 I have learned that... Step by step... :)
If you're talking in general, it can become easier, I guess. On Hive-Engine, there is the problem of double-fluctuation. HIVE fluctuates, the HE token fluctuates. I'm not sure you can set and forget levels unless they are very low. Or unless you set them in HIVE terms, and you don't care about their USD value. But then, someone else could come and set orders based on their USD value and maybe trigger some orders you don't expect.
If someone should ask me what to do to prevent one from checking up on charts every 5 minutes, I'd say go Hive. Start creating content.
This is so relaxing. I got some orders in and they fill if they fill. I've stopped stressing out.
Yep, that's the way! Hiding in plain sight for many. Glad you found it.
Me too. Never felt better!
!CTP
I agree it is a time to build. There are some really good buys out there. You just have to be careful and don't spend more than you can afford to lose.
Always, never spend than you can afford to lose, DCAing is the easiest method that most people can use.
Always giving interesting tidbits of how Hive works behind the curtain. Thanks
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I was wondering how many people read to that point. :)
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you are starting to sound more like jongo (the ctp guy) every day :)
Do I? Man, I need to do something about it! :D
nah copying somebody is the best form of flatering :P
Listening to him over time, I do catch myself using some of his expressions sometimes.
Your price vs value section is extremely well said.
I've added it to my evergreen notes on the topic.
Great work :)
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Thanks! Over time I accumulated some of that knowledge from others too.
2 day ago I exchanged my hbd to hive to buy something, and now today reading your post I realize I don't use hbd for much, had a tiny amount just because of the 20% saving apr, but really there's no point to continue, so I switched to 100Hp as well today :)
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That was a pretty good time to exchange HBD for HIVE. The only thing you need to be careful about when you have the 100% HP payout option set is that you won't have liquid HIVE/HP from author rewards anymore.
That's actually a good tip I didn't realize yet! Thanks!
Although I do need some liquids, I just paid for my Listnerds sub yesterday, so I will set my earnings to 100% HP now for a week/maybe two, so that I can power up my HP a bit more until I need the liquids again. I always learn so much from your content, thank you!
!CTP
Thanks! If you need liquid funds as well, maybe you shouldn't set the rewards to 100% HP, because you might forget to change them back to 50/50 to accumulate enough for the next payment.
The benefits of 100% HP instead of 50/50 can be overcome if you exchange/convert HBD for HIVE at better times. But that requires paying more attention to market movements.
No, I don't need the liquids now, and I can also use some CineTV earnings for that if needed if I will not have enough in time so that's no biggie, I will pay attention to it and probably set it like this for a week, move back to 50/50 for a week to see how much I have in liquids after that..
The conversion thing is still something that I don't understand lol. I read about it many times and yet I have no clue when to use it so I just don't to avoid making stupid moves :)
When converting from HBD to HIVE, the best scenario is to have HBD below the peg and expect HIVE to drop in value for the following couple of days.
Thanks! Honestly, I wouldn't know enough about that so I best stick with the 100% HP, even if it's just 1 or 2 weeks a month. I like seeing my HP grow the past weeks, that's defo a great upside of everything being down ;) 1 HP is still 1 HP :)
Interesting approach, Adrian. I agree that we need to show up every day regardless of what the market is doing. People need to see you around during the low times.
Great information, thanks for sharing.
We all have our bad periods. I sometimes remain surprised by the life issues some people are having because they rarely talk about it, but they still show up.
Re-evaluating your goals is something people should do more about because things change over time. I still prefer to gather some HBD so I won't be changing my payout options.
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That's what I'm thinking too. Struggling with a goal that doesn't make sense in a new context is not something we should do.
About the payout option, sure, that makes sense in my case, and if need liquid funds better not got 100% HP.
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Great post. I am also now setting author rewards to 100% HP, HBD doesn't make sense at this low price.
That's the most convenient option if you want to build up your HP and don't need liquid funds right away.