Yesterday Was A Good Reminder

in #hive-16792211 days ago

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Yesterday I think we were all given a wake up call or a gentle reminder what crypto can do with the Hive price moving quite significantly. I have to admit I was caught off guard even though it was expected to move at some point.

When we look at asset returns vs time in years nothing comes close to what Bitcoin has done out earning gold by more than 4 x. The S&P 500 is 4.4 x less profitable and why institutions want some crypto action and why ETF's were created.

The lucky thing is we kind of have a cheat sheet because a crypto cycle is every 4 years and in most cases has followed similar trends meaning history is repeating itself. There are similarities that are not exact so one still has to be vigilant and why taking profits is always advisable. If you ladder in your crypto investments then you should also ladder out this way you are protecting yourself from selling too low.

Crypto is like no other investment and if you are new to crypto and this is your first crypto cycle then you are in for a real treat. Pay attention and learn is my advice because this is important for future cycles and why 99% of your time spent accumulating is coming down to a fraction of time when everything goes crazy and as soon as it arrived it is gone.

Yes thee will be a slow build up over time and then a few days of shock followed by years of disappointment if you did not listen to the market and take profits. Last time I listened, but wanted to see the market playout as I did not realise the value I was holding which stunned myself with that number being over $250K.

This is the fun yet stressful time of the cycle because how well you do is all n your hands. The work and time spent accumulating your portfolio is all about next year when we se the peak of this cycle whenever that might be. This HIVE price movement we saw yesterday evening is letting us know that the Bull cycle is starting and we are heading back up after 3 years of watching the downside.

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Two weeks short of 3 years when we saw HIVE at $3.41 and who knows what we are looking at price wise next year with the hope we surpass the ATH. Nothing is guaranteed however as some crypto projects will never see their ATH ever again. I think I am more relieved HIVE has already moved upwards as I remember last time it was always one of the last ones to do so.

Crypto will continue to shock and surprise us with it's volatility and why it is so much fun. Nothing can compare to this as an investment which can literally change your life overnight if you have large enough bags. This is why I have less crypto investments with larger bags and do not believe in diluting across the spectrum.

We must never forget we are still early so if you mess up you will get a second bite next time around. This is so easy to screw up so keep things simple.

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