Measuring & Comparing The Dollar & Sentimental Value Of Your Crypto Assets

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It's not difficult to measure the impact of crypto on one's life. But one of the reasons we try to do so is for the sake of accountability and clarity. A person who invested $500 into let's say Splinterlands is bound to check the increase or decrease of this capital no matter how this basic investment is spread into different assets.

Now, sentimentally, we understand that these assets might dip and react to market pressure hence making them lose their dollar value in the short run, but this might change in the long run. It's the same when we're investing in LEO for Example.

The same dollar value might decrease, but then, the passive income we're earning from owning that Leo stake wouldn't change.


Seeking For Financial Clarity

Sometimes, it becomes difficult to take this into account because we're always quick to measure profit in value and not volume. However, due to the volatility of crypto, volume could easily translate to enormous value depending on the crypto season and loss might just change to profit.

However, for sake of clarity and accountability people often check to see if their investment is doing well price-wise, but this is probably the wrong way to measure profit and loss when it comes to Crypto and this is why sometimes we place sentimental value to our crypto assets especially when the dollar value has been taken away by the change in the crypto season.

Sentimental value is also what I call prospective value. This is the kind of value we tend to place on our assets especially if we see signs that they're going to do well in the short or distant future.


The Concept Of Sentimental Value

For example, a lot of people are beginning to buy and stake SPS in preparation for when the airdrop will be over and then scarcity will ensue. Now, while there's no certainty that SPS as an asset will do well, the sentimental value placed on it, is what makes people ignore the previous price in other to buy even more.

This is the same with holding CUB, POLYCUB, or even DEC. Placing sentimental value on one's assets helps them mitigate the hassles of mental accounting. This is how people tend to cope when there's a ridiculous price dip. For example, yields are what DeFi projects are known for, so there's a reduction in the price value of one's initial investment, they tend to take solace in the yields, hoping it could easily multiply their profits over time.

Without sentimental value, It'll be difficult to see any other form of value to one's crypto assets especially when these assets aren't doing well price-wise.


The Dynamism To Crypto

Nevertheless, we often owe ourselves accountability especially to balance the books and know one's limits. For example, knowing if we're losing or winning often determines if we should keep going or not. But sometimes, the dynamics of crypto don't work this way.

The amount of loss sometimes doesn't necessarily determine one's zeal to keep investing. But sometimes, we often need to see them clearly to know our limits. These limits include tapping into our safety funds. This is the money that cannot be put into crypto because it is invaluable to our personal finance and daily expenditures.

Generally, one of the ways I usually measure the impact of crypto in my life is by checking my wellbeing and measuring the percentage change in my quality of life over time. This is generally because we often lose and win as well, so it matters. We want to make sure we're winning, so is it wrong to do so?


"Time" & The Percentage Change In Your Quality Of Life

We cannot outrightly measure profit especially when we place so many expectations on the dollar value of our assets in the short run. They say profit is made when you buy and not when you sell, while this can be confusing, the focus here is on TIME as an important element of profiteering when it comes to crypto.

While we shouldn't see crypto as a game, it's also important we don't attach our regular day-to-day profit and loss sense of accountability to it. One thing we should understand is that we cannot win it all and at the same time, we cannot lose everything, what matters is making sure one's losses do not exceed what we're gaining.

Even if it's just by 1%. We should learn to accept profit irrespective of the percentage. When we begin to keep tabs on where we've lost, we should understand the ubiquitousness of crypto, our loss might be someone else's gains and vice versa. Rather, keep tabs on the change in your quality of life and the growth rate of your assets by volume.




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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@Josediccus, your brother-in-pen & heart


I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog


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A person who invested $500 into let's say Splinterlands is bound to check the increase or decrease of this capital no matter how this basic investment is spread into different assets.

I started Splinterlands (Steem Monsters) with buying the beta starter pack for $10 USD worth of Steem on 2018.12.30. I remember regularly checking the prices of the cards after that for long months, until I earned back my investment, and later finally made good profits (hundreds of dollars) on it.

Nowadays my total Splinterlands card collection is worth around $191.29 USD. It was around $250 USD a few months ago, and I have not sold any Splinterlands cards since then. I even earned some Splinterlands cards. So it fluctuates a lot.

But I sold all of my Beta Splinterlands cards a few years ago, and realized the profits, so I have not lost anything. Nowadays the Beta Splinterlands cards worth even more, so all I lost with this were the potential future profits with the Beta Splinterlands cards.

Nowadays I receive the SPS airdrop and the interest of the staked SPS, and I earn SPT both actively and passively. The same goes for the Dark Energy Crystals (DEC).

So all in all, Splinterlands gave and still giving me very good returns on my small $10 USD investment.

Good luck and have fun.

!PIZZA.
!LUV.
!hivebits.

Have a nice day. All the best. Greetings and much love from Hungary.

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Well since 2018, and 4 years, I must say you haven't done badly, I've invested over 800$ and while this has dipped overtime, I must say I hold sentimental notions that it'll do better overtime. So I don't check the dollar value of my assets, what I know is that eventually, I don't lose overtime.

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I think there we are bound to experience looses here and there no matter how we have good with crypto, it could be through mere transaction that a few money is lost.

What I look at though and especially during bear season like now is the volume of a particular crypto and not the dollar value, that way I can tell if am growing or not.

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Well, you're right. I just feel that sometimes losses are wrongly measured based on the mental accounting of profit and loss. Sometimes our brain does these things. It takes us checking how we've inevitably grown over the years to realize we've actually been winning a lot.

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There is a trade-off for everything and taking profits means you might be giving up further gains or losses. However, even then I would be happy to take some profits because it's realized. Of course, it also depends on your investment plan and how long you want to invest. In the end, the dollar is the best fiat to use to see the value of your account and that is why I think people need to stop looking at the price if you are an investor.

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There is a trade-off for everything and taking profits means you might be giving up further gains or losses.

I think you said it all here. However, I think I prefer taking profit even if it means losing out on prospective profit, might mean avoiding loses alone the way as well. So we cannot know all these things. Thanks for coming through.

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5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem

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People are very sentimental about crypto - it's tied up with hopes and dreams that maybe crypto will set them free from the drudge of daily life.

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Well, everyone is, and there's nothing wrong with that. People are sentimental with anything that's got value and thiis is because it goes up or comes down and plays a role in the the way it can change lives financially.

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When investing in real world projects it is important we treat it in a way where we calculate our profits and losses all the time but crypto can be funny because in a moment you are winning and in the next moment you are lossing. Digital soly depends on the project

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Well, this is why I think Crypto is different. Economists find it really difficult to understand and this is one of the reasons why they don't believe it'll succeed, but we've come a long way already.

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