Are you winning or losing?
It's hard to even know sometimes.
Are you even keeping track?
If you are what's the score?
I honestly don't know what i have and where i have it. I probably should keep better track but after a few years in this space it gets very murky.
Money comes and goes so fast that it's next to impossible to know what tokens you have and what price you paid for them. What you invested in a game and what you have cashed out.
Buy some CUB and get the airdrop. Then the price of both crash so was it a win or not?
I have a lot of value in my splinterlands but it was three times higher at xmas. Is it a win or not?
I did sell some hive about the same time and bought a car but that's an opportunity missed to stack more HBD and earn the interest. Opportunity cost?
Crypto is a funny game.
It depends on your viewpoint to see what the score is.
If you take 100K and turn it into a million dollar value. Then it drop all the way back to 250K. how do you see it.
Are you up 150K or down 750K. Do you keep playing or walk away with the win. Try to get it back up to a million or be happy with what you have.
To be fair. Most of the fun is in playing the game and talking about it.
I've lost my stack on the blackjack table many times over the years but you still go back and try it again. I've won a few times as well.
Part of the attraction is the volatility and excitement.
It's not always about the end result of winning or losing. It's about sitting at the table and trying to beat the house.
Trying to outsmart the system.
Trying to walk away victorious.
If crypto went to zero tomorrow i would lose a lot of money. But worse than that I would lose the fun of being involved with crypto.
The sense of beating the system and getting ahead of the game.
It would hurt and it would set me back a bit but realistically i would just go out and have to get a real job a again.
I would miss the lifestyle more than the result.
For me winning is turning up every day and having fun in crypto. Becoming a Leofinance ambassador is exciting. I applied to test Ragnarok when it launches which i'm really interested in. These are where the real wins are. Diving even deeper into hive and it's projects.
Which will in turn hopefully make me filthy rich in the future as an added bonus.
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We are always winning, if the decision is meditated
I have no idea where I stand. I'm mostly winning in losing in hive stuff. But, my original fiat investments were in 2014 and 2016 so in that regard I am up because I rescued my losses with Hive engagement. I wouldn't walk away now because hive is fun. I'm not buying other things though.
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It's hard to keep track but i would guess that we are all winning here.
Any day that you can have some fun online and earn some money is a win in my books.
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My theory is about 1-3% of the crypto space is winning and like 97% losing. I think the situation is that we focus on the 1% that are the big winners and we presume that can be us. I call that the lottery ticket mentality. It only takes one person to hit the powerball to get everyone going and that is powerful symbolism. I would prefer we focus on projects that we truly be useful to the world either now or in the future because then atleast we're not just burning through money on the las vegas strip. Atleast if we're invovled in crypto projects that actually help the world it's worth the losing.
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I would agree with you on this one. At the moment the majority of people are still chasing crazy riches because they have seen a few that have made it successfully. Buying random tokens and hoping that the price goes up isn't a successful plan in any business let alone one as volatile as this space.
That is not how crypto will be successful or how people will be successful in crypto.
The way forward in my opinion is getting involved with solid projects where you can earn a share of the profits from it's revenue. Especially if those projects can add real benefit to peoples lives in the process.
Leofinance and splinterlands are a good example for me. Hive will benefit from their success and ultimately the tokens holders that are stacking hive but these two projects have real teams, a real roadmap and we can see where the revenue is coming form. The fact that we as users can benefit from that revenue is where i plan to win by taking part in those projects.
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Yes i don't think leofinance and splinterlands are bad products. Are they limited in the scope of who uses them? Yes because they are so very specific. Leofinance is speaking typically to financial savvy people. Splinterlands.. i'm not a gamer so have no idea how it even works. So yes those are two perhaps okay products but look at how many don't fit those categories so then hive needs to come up with more good apps that may even be less specific and the question remains can it?
I don't see any data to suggest it can
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I think the mental accounting makes us wonder if we're winning or loosing. But the truth is we win more than we lose and since this is acceptable, I'd say we'd keep going on and on.
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If your idea is good and you stick with it long enough then you will win. I think a lot of people lose by dropping out of the race when things get hard.
You need enough confidence in the project to ride out the tough days and reach the finish line.
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You're right, dropping out of the race signals the end of everything, this is certainly the stage I hope not to get to. To me, there's still a long time to go.
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I have no idea whether or not I am winning but I have earned a lot of the crypto I have. It's not like I am going to be homeless but it will hurt my attempt to earn wealth and retire early. I think it will be fun to see what happens here in crypto and it will be part of a history we can all talk about in the future.
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Well, cub and poly is down xD
Hive is still up since I bought ^^
Also, I am up on Stocks since I bought under covid last year xD
As with any investment that evolves in cycles (or waves), you win if in the long term you grow. Numbers go up makes sense, as long as the price of the underlying assets doesn't keep falling in the long term.
I think that since we are starting at such a low base level that the numbers will eventually go up if developments keep coming.
For certain projects that have nothing else to build or to offer then it can be constant fall to zero.
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yea, it sure it hard to keep track of everything. I use wordpad docs for each thing i want to track (hive, crypto, stocks, etc) and then take screenshots at least each month or after anything such as transactions.
That's a good plan. It will come in handy at some stage to have a proper account of things.
Smart thinking.
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