Learning to Ignore the Ocean of Red Ink — Once Again!

I suppose it's no big secret that the Hive token has been taking it on the nose for a while, now. But then again, so have a lot of alt coins.

As not a particularly big "Crypto Geek" who does most of his "analysis" with his own eyes and powers of observation, alt coins often seem to struggle. There seems to be a "no-win" dynamic often working these markets:

When the Mighty Bitcoin goes UP, a lot of alt coins go DOWN because (allegedly) people are selling alt coins to buy BTC. On the other hand, when Bitcoin goes DOWN, alt coins go DOWN in sympathy with the Mighty Bitcoin. Most alt coins only seem to go up when BTC is more or less asleep and going sideways, and there's no other news to drive investors into a frenzy.

But I digress...

Deja-vu, All Over Again...

There's something familiar about all this.

Now, I should preface what I'm about to say with the opinion that if you're a serious market investor, chances are you're probably not terribly preoccupied with blogging on Hive or LeoFinance... and so, this post is less relevant to you.

For those in the crowd who are a little more casual in our approaches, a venue like Hive is an opportunity to build a small stake of cryptocurrency while having fun blogging. In my case, blogging just happens to be something I enjoy doing, and I have been for 20+ years... making the majority of my blogging endeavors "BC" or "Before Bitcoin."

What feels familiar here is the 2017 rollercoaster ride some of us experienced on what was then called "Steemit." Where quite a few of us continued on, undaunted, even as Steem dipped below seven cents.

Last I checked, Hive was trading below 900 Satoshis on Bittrex...

Will we see seven cent Hive?

I don't know... don't have a crystal ball. My point, however, is that I'm pretty much ignoring the oceans of red ink everywhere because I am still enjoying what I am doing!

Imaginary Losses and Other Fun Stuff

Back in a very distant past, I worked in the IT industry, and did end up investing a little in an upstart computer maker that subsequently went on to become a Fortune 100 company.

As the company grew, the price of its stock not only became quite volatile, it also "went to the Moon" over a period of several years.

Of course, there were also some tremendous dips along the way, and it always amazed me just how many people who have fits of depression of how much money they had "lost," when the stock price would suddenly take a dive from $80 a share to $30 a share.

I'd look at them sympathetically and ask what their buy-in price had been.

"Oh, it was part of a stock bonus, for about $8 a share."

WTF?

Maybe that's accounting or math I don't understand, but there's no loss there... except maybe a little euphoria!

Of course, we saw the same thing with Bitcoin in early 2018 when people lamented their "losses" when the price went from $20,000 to under $8,000. Of course, the fact that their original investment was at $900 was conveniently ignored.

I dunno... where I learned about investing, you have neither lost or gained anything till you actually sell, and until then all you have is an "unrealized gain" that became a little smaller. It is not a LOSS.

Ticker Watching is Bad for Your Health!

Because everything in the cryptosphere moves so quicky, I think we have developed a skewed opinion about how soon we are supposed to derive riches from our investments.

Sitting there, watching the price every day, with our finger on the "trigger" is most likely not going to give great returns — people (even experts) are notoriously bad at timing market moves.

On the whole, we're far better off choosing a solid project/company, investing the money and just leaving it all alone for several years... unless some major business development has suddenly derailed the company's trajectory.

And that's pretty much what I am choosing to do with Hive, as well. Some pretty interesting things are being developed here, the tech and usage (use case) load seems more solid than most blockchain projects... and the price trends will probably be a bit dull because this all looks more and more like a utility coin and that's just not very sexy to high-flying lambo-chasing hotshot investors.

In the meantime, I plan to continue having a good time blogging!

Thanks for reading!

How about YOU? Are you a short-term or long-term investor? Do you find yourself able to more or less ignore all the red ink? Comments, feedback and other interaction is invited and welcomed! Because — after all — SOCIAL content is about interacting, right? Leave a comment — share your experiences — be part of the conversation!

(As usual, all text and images by the author, unless otherwise credited. This is original content, created expressly and uniquely for this platform — NOT cross posted anywhere else!)
Created at 20201029 23:35 PDT
0129/1356

Posted Using LeoFinance ^Beta