Staying Busy No Matter The Price
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Staying busy when the price is high or low is the only way to get ahead.
I was amazed at how many accounts went quiet after the last bull run as they didn't see the value in hanging around. All it was about was earning a quick buck and back to the hills to wait for the next attack. That is what it seems like anyway and shows how retarded and ignorant they all are.
I am not complaining as the reward pool is shared with less users and Hive is easier to earn. What I never understood was it made no difference if Hive was 0.14 c or 0.70 which it was earlier today as you still earn the same amount of Hive.
When Hive was 0.14c it was demoralising knowing the post value was down yet at the same time the number of Hive earned in those cases was more than today even though your rewards look decent. A 1 kg bag of feathers weighs the same as a 1 kg bar of gold and many miss the fundamentals of growing.
We are seeing the exact same thing with Leo right now as price has dropped from over 4 Leo to 1 Hive to 1.85 to 1 yet the price of Leo is at an all time high so it is misleading in some ways. A 6 Leo post is still 3 Leo that you are earning and worth more than it was a month ago, but worth less Hive. I have always said you should have Leo and Hive in your wallet as this will swing from one to the other and not to have all the eggs in one basket and earn both.
50 000 Hive 6 months ago would have been $7000 in value and today $35 000 yet it is the same number of Hive. The difference is a busy account 6 months ago would not still be on 50 000 Hive today and be worth a lot more than $35 000.
Ever since I started in March 2018 all I have known is a bear market with the price heading South and now it has turned what everyone said about staying busy is hitting home now. This was the best piece of advice I received and will pass it on to others in the future.
Price should never change the way you work on here as I can recall a tweet from therealwolf where he stated price should only matter if you are thinking of selling and not growing. It is good to see a Hive price growing but it means nothing except a bigger $$$ balance as that is stake used to generate what will hopefully be some form of income in the future.
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Just keep stacking. Anybody who has been here all year should be looking fairly good right now as we had a chance to get ahead.
It's funny to see a couple of familiar names pop up this week as the prices rose again. I don't begrudge them as it's good to see more people showing up on the chain and ones that know how to operate. That can only be good for the system overall but my support will be leaning towards the people that were on the grind every day and some new people willing to put in the work.
Hopefully this is just the start and we can see the prices rise for another while.
I noticed a couple as well and thought I haven't seen them for a good six months and more like a year if not longer.
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We need everybody and the best thing right now is more users and more activity to keep growing. They are the ones who missed their best chance to gain so they can only add to our experience by getting active again and increasing our network.
Man some folks really did miss out on an opportunity. I was just thinking about all the hive I earned while prices were low and now we’re booming. Really nice position to be in.
I think it’s still early though. I really don’t like to talk price too much but people we’re seriously talking about a $10 STEEM back in 2017 so this could get even more crazy man...
Exciting times!
Think it comes down to mentality, I get that it can be demoralizing and makes people give up when they see their returns lower and the value of coins and tokens plummeting. It's interesting to see how a big part of investing is psychological over anything else.
In the end, the ones that have the strong mentality and keep grinding and stacking (with a healthy evaluation if they're still investing in the right projects) will come out on top.
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