The HODL-UTILITY model. How Strongly Are You Accumulating?

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So I've been playing Believer By Imagine Dragons in my head not because I like the song but because of how reckless I've been with buying some crypto assets, while they've kept on ridiculously dipping.

It's not logical, I mean, the way a regular person would do their economics of profit and loss, I'll probably be the most stupid person, losing money on a steady without thinking of the consequences of experiencing that FUD of watching red numbers, dipping figures, gloom with an endless feeling.

This feeling of pain is what separates users from believers. I was talking to a person yesterday about my investment from September last year in splinterlands and how it's taken a huge nosedive. She imagined I would be in the shallow, sulking from the loss, but then she was surprised to see that I wasn't even bothered.


The Boredom Of Holding An Asset Without Use-Case

The reason was that I didn't just invest in these assets to hold them, if that were so, the boredom of holding them might make me hit the "SELL" button, not just this. I play splinterlands, not for the profits per se. If this were so, I'd be exchanging my wins anytime I get them even if it's worth $0.05.

However, the fact that the "wins" are very small compared to the efforts of playing is not technically a discouragement. These little "wins" get compounded over time.

However, the fun of playing and accumulating is where the use case of this investment comes in, then the hope that these assets would do well over time is what makes it possible to hold irrespective of the dips in price because these assets help you to earn more and the incentive of selling them at a loss is even more impactful than selling let's say BTC at a loss.


How Do You DYOR???

This is why I probably don't hold a lot of BTC or Eth. Although I could afford to throw in $50 in dogecoin simply because of the peer pressure and because losses wouldn't hurt and winning would be great, but in crypto, when overexpectations hits unrealistic situations, the result might affect the mentality of a person who's hoping to win big with crypto.

One of the things I tell people is to never make coins without extra utility or use case as the base of their investment and this is because they're never going to grow or compound their capital. But then, there's not much of that. For example, Twitter and Google are some of the places people go to when they want to invest in crypto.

This is their version of DYOR but at the end of the day, they invest in the hype, popularity, market cap, and shilling, but who didn't do this as a newbie? The regular crypto enthusiast who's a newbie would never want to sift through the endless charade of fakery on the internet in other to see or get a legitimate project.


The Panic Button Within

Having just about $200 worth of BTC when the infamous 50% BTC dip of its ATH of 60k happened was why I never hit the panic button. No doubt the amount is quite decent, I lose about $100 on the value of my money, but it wasn't enough to flip my emotional switch.

I know that BTC wasn't going to be under for very long, so even if it lost 80% of its value, I wouldn't be selling for mainly two reasons. The first would be because I'm holding it for at least 5 to 10 years, the second would be that I'm not emotionally tied to it.

It's got no use case, so holding it is only logical because it'll add value in the long run. That's a potential stream or better still another different way to prevent that $200 from plummeting into the cold hands of inflation. That said, it's an emotionless investment, because of the importance that's attached to BTC and nothing more.

Hive is the real deal, the value is unquestionably impactful

......The fluidity and its ability to ooze of utility is something special irrespective of how undervalued it is at the moment. In reality, it's one of such project that should serve as an entry point to mainstream crypto.

It's a place where people can put in less money and grow it, spread it to other assets, compound it and bring it back into the ecosystem. Some of the projects on Hive even make it possible for users to take away concentration on price to grow their assets.

Recently, it's the buzz of 20% from HBD in Savings and it's making people rethink, replan or reshape their goals. As for a project like splinterlands or leofinance, the value itself is from building for when the prices will be attractive enough. Even at this stage, we're still at the building stage, so, eyes on the prize.




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


My Twitter handle

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I really think the best way to invest for the future in crypto is to buy assets that other people will pay you to use and gaming assets and assets that convey status are the way to go.

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Hahaha for someone who's deeply invested in splinterlands as you, I see where you're coming from. It's all good. Well, you're right, such assets helps you compound

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Splinterlands fits into this for me by renting out my cards, hopefully PsyberX and Ragnaroks exhibits these characters, we can say the same for Hive power when we look at delegation.
I just find it difficult to look elsewhere when it comes to investing, Hive seems to have all in place.

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Psyberx is supposed to have rentals. I'm not sure about Ragnarok.

I never really thought about hive power like that even though I do delegate some of mine but you're right. It is an asset that can be rented out to others who need it.

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.01 MOTA - 0.05 DEC tokens to @imno, @joetunex

remaining commands 14

BUY AND STAKE THE PGM TO SEND TOKENS!

  • 10 PGMs in STAKE = 0,1 PGM/LVL/ 1 STARBITS / MOTA 0,01 / 0,05 DEC / 2.5 BUDS sent and 1 command available every day
  • 100 PGM in STAKE = 0,1 PGM/LVL/ 1 STARBITS / MOTA 0,01 / 0,05 DEC / 2.5 BUDS sent and 3 commands available every day
  • 500 PGM in STAKE = 0,1 PGM/LVL/ 1 STARBITS / MOTA 0,01 / 0,05 DEC / 2.5 BUDS sent and RECEIVED and 5 commands available every day
  • 1000 PGM in STAKE = 0,1 PGM/LVL/ and 1 STARBITS/ MOTA 0,01 / 0,05 DEC / 2.5 BUDS sent and RECEIVED and 10 commands available every day
  • 5000 PGMs in STAKE = PRIZES DOUBLED

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Great knowing PsyberX will be having rentals, HP have always been delegated(rent) during my earl days on the chain I rented lots of times so it can boost me for curation rewards.

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However, the fact that the "wins" are very small compared to the efforts of playing is not technically a discouragement. These little "wins" get compounded over time.

But if you constantly receive alchemy and legendary potion charges, instead of real rewards (cards), then that is discouragement and disappointing. Compounding these will not get you anywhere. Except demotivating you from playing.

Nowadays I rarely play Splinterlands. This games is used to be so much better in the past. I started playing it on 2018.12.30.

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Well it's becoming more competitive hence the reward pool is being shared, I understand the model. Inasmuch as this Model can be unfair sometimes, I'm not in a rush to make profit, every cent I've put in is for the long-term. Thanks for coming through

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I'm with you - can't see how to make money off Splinterlands, but it's worth the time because it's a decent game! It's funny you know, Rising Star as a game, I find less fun - but super profitable! Go figure, eh?

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I've been procrastinating about RISING STAR, I guess I just have to take my time to see how viable it will be seeing how depleted I am with money. I enjoy playing splinterlands I feel it'll be worth it overtime.

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I spent a bit of $$ on it to get to the Starbits Millionaire mission (Level 50, and holding 1,000,000 starbits). When I got there, I sold the boosters (100 hive each!) and everything I put in the game I had gotten out. Now, I just collect 4.5 hive per day from the game for a few clicks.

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Now, I just collect 4.5 hive per day from the game for a few clicks.

Ho ho hoooo, that's damn lucrative if you ask me, talking about earning for one's investment. That's pretty solid. Thanks for the stats.

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I tried playing Rising star, am stuck at level 6 or something, I need to get more fans for take music lessons. I think there's less interest from me though. I hope I get the urge to visit it again

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I have a friend that has been trying to convince me about rising star and all but the main thing is to have interest before project because when market does it things sometime it is easy to change mind

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I like things that will compound because they will at least offset some of the losses you get. The 20% HBD has made a lot of people rethink their goals and I see a lot of people jumping into the pHBD/USDC pool as well. It just seems like human nature to chase after the shiny stuff.

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I prefer more stability than chasing after the shiny stuff, I know the shiny stuff might make me more money overtime, but I actually prefer slower growth.

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I think I love shiny stuff in a way but I don't think I like things that are too good to be real

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When you invest in high conviction assets and you want to hold that for the long term, you don't care about the market movements. In the long run, the price will go up. Holding BTC is a good example. At the same time, you can say 98% of cryptos will go to zero, they might not be around after 5 or 10 years.

I also like to accumulate cryptos that I use and get the benefits. Slowly we can grow from there, have fun and enjoy the journey!

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I also like to accumulate cryptos that I use and get the benefits. Slowly we can grow from there, have fun and enjoy the journey!

This is actually the goal, as for BTC we can say as an alpha crypto the trust is there. It's just not exciting to hold it and expect black or white. It can be boring

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Sometimes we do not need to get panic when it comes to coin deep like you said you didn't press the switch button when you saw how much you have lost.. most of my friends when they see things like this, they end up selling most of their earnings because they do not have the hope of coin rising and falling so they believe when it falls it falls totally.. thanks for sharing it's a good one and educating..

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The first two paragraph got me laughing!

Knowing the project you invest in and seeing it dip without fear of complete loss is because you know and understand why you invested in the project in the first place and in this case Splinterlands and other Hive related projects.

We are accustomed to what is going on here from development perspective which is important factor to consider when investing, this doesn't apply to many out there as they are influence by hype.

I like it here, I feel safe putting my money in here without fear of it depreciating to zeros.

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I believe in few project in crypto space, those projects I believe I go in for a long term purpose but others has been accumulating gradually and when I see opportunities to sell I definitely sell without hesitation. I believe in hive and that's why 95% of my portfolio is on hive and I don't what happens in the market because it is my long term project, I only check market for hive for buying opportunities.

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