The Strange Nature of the Crypto Markets

in #hive-1503294 months ago

I sometimes find myself pondering the whole nature of investing... at least as it exists in the world of cryptocurrency.

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Seems to me it can be defined by about half just "sitting and waiting," and almost half anxiety while you watch your investment slowly whittle away towards nothingness, and about one percent extreme excitedness when one of the assets you own suddenly goes 5x in a couple of days. Or hours, even.

Maybe I'm drawing the wrong conclusions, but that looks to me like we're all involved in an asset class where the vast majority are quietly trying to sell out without anyone noticing... hence the constant downwards price pressure.

I mean, let's remember that a marketplace is made up of buyers and sellers, and an UP market means more buyers than sellers, and a DOWN market means more sellers than buyers.

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Of course, things here on Hive are further complicated by the reality that a lot of our users are constantly selling their liquid earnings to go to the supermarket, or to pay for Internet service.

That's neither good not bad: it's simply the nature of a venue to offers to compensate people for some kind of activity.

Personally, I'm more of an investor/saver because we live in the USA where the cost of living is ridiculously high, and a few dollars make pretty much zero difference in our day-to-day existence.

When your basic life "costs" $150 a day, a handful of $2 posts aren't really meaningful, in the greater context.

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Hence, any gains I get from my participation here have almost felt more like a sort of savings account than anything else.

You know, it's a bit like the loose coins you find between the couch cushions and the daily change you might accumulate in your pocket that you toss into a big jar on your dresser.

Eventually it might add up to something... be that a nice dinner, or even a plane ticket to somewhere for a few days.

It's OK... I'm not attached.

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I have 27.70 HBD in my Hive savings account, and I consider that a "small victory," in some sense... even though it would barely buy a pizza in today's inflated world.

Perhaps that is one of the big "joys" about being part of the whole crypto movement: We do have the ability to save and invest in much smaller increments than we typically have had in legacy markets.

I think about my savings account at the bank... and any balances under $200 incur a $5.00 service fee and the account pays 0.5% interest... which will never amount to anything. In fact — if you think about it — a $5/month service fee on $200 amounts to the bank charging me 30% "interest" for the privilege of holding onto my money!

No, thank you!

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And so, we ride this strange rollercoaster... and while I still experience my periods of skepticism, I'd like to think this all will end up going in a positive direction.

And if not? Well, then the original $50 I put in as "skin" in this game will have afforded me several years of learning and entertainment!

Thanks for visiting and having a look at my blog, and till the next one!

=^..^=

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I thought about saving some Hive on the blockchain. The interest accrued is much higher than the banking deposit. When Bitcoin starts the full bull run, I could trade my savings for BTC. Then I could sell some satoshi for cash in case I need a new gadget.

But the bigger picture in crypto market is dominated by big whales and big fund managers who offer ETF on cryptocurrency. They will ‘wash and rinse’ to make profits for their shareholders! I have to be more alert and learn the sign for when to sell or buy crypto. Life is under lots of pressure already and crypto adds one more!🙀😂

Manually curated by ewkaw from the @qurator Team. Keep up the good work!