It's always difficult for people to carve and build their own crypto goals without being influenced by the external pressure to replicate the success of others. What is the meaning of this?
For example, the crashing of LUNA gave some crypto whales a buying opportunity, not because they wanted to invest long-term into the project, but to cash in on any upward movements in the price and some of these people made decent profits.
Now, this profit was made because this person had deep pockets and that's why they're called "Crypto whales" the size of their pocket means they're immune to some certain kind of loss and willing to take calculated risks in unlikely situations.
However, we have more people who aren't crypto whales riding the "high line" and leaving their defense opened up because they're trying to replicate the success of others without balancing that decision with the possibility of failure
Choices, Not Necessity
Let's face it, the diversity in crypto, different token, projects, coin, DeFi, and so many others are there to provide people with choices rather than become a compulsion to everyone in crypto. In the beginning, people only had the choice of investing in BTC and some other coins, but nowadays we have other coins that have outdone BTC by all standards.
However, the reason for the choice is to give people the extra option to suit their goals, mentality, education, exposure, or even means (money) which is the most important. But some people want to own everything and participate in everything, with the little perseverance they have towards the time taken to grow a project.
Of course, it's understandable when people want to participate in a lot of projects to increase their chances of profit, but doing this with a shallow pocket is risky.
The Ultimate Goal For Shallow-Pockets
Let's take a look at Hive for Example. Providing liquidity is probably the biggest aspect of yield at the moment. While the money is good, the risk takes some people to the cleaners especially when their crypto goal is to build.
There's probably no one who isn't interested in maximizing their efforts and DeFi on Hive seems to be the best way. However, one thing is, if you're not prepared to lose, don't let the thoughts of outrageous rewards sway you from the ultimate goal.
I feel like the ultimate goal for a person without deep pockets in crypto should be sustainability, stability, and longevity. One of the reasons why people gas out, run out of funds or get depressed by their losses and lose Faith in the process is their poor management skills.
Why Goals?
A Crypto goal keeps people in check, and this s because there will always be unimaginable money in crypto, and whoring after these massive gains will eventually take one off their major focus.
Everyone's aim indeed is to make money off Crypto, but not everyone who is attracted to "yields and gains" have the mental capacity to handle the loss that eventually comes with it. The aim or goal of people determines the sort of project they're vested into, but without a solid aim, people find themselves chasing after the "next big thing".
Hive may not be mainstream at the moment, but its concept of growth and sustainability is one of the attractions that keeps people vested and probably one of the reasons behind its relative success, however, like every solid projects, it's beginning to provide even bigger opportunities which sometimes takes the focus off the flagship project itself.
Recognize The Timeless Pursuit
This is very good, however, I do believe people should properly define their crypto goals rather than defining the amount of money they want to make in a specific timeframe. Making money in crypto should be a timeless goal and as for people who do not have a lot of money, whoring after profit is bound to increase their opportunities to lose and take them off-board.
This isn't to say people shouldn't take risks. How many people are managing the risk they're taking, or getting educated or informed? How many people will invest their time in the learning process?
While crypto feels like a sort of "learn and earn along the way" thing, people with limited funds sometimes cannot afford to lose else, they're off the table, taking adoption down the drain. While people do not care to lose sometimes, it's important to target little, short, and systemic growth along the way rather than buying more into risky ventures. The inability to cultivate the right Crypto asset management is why some people fail to cut.
Interested in some more of my works?
Crypto & The Outrageous Learning Curve: My Splinterlands Journey As A Case Study
Understanding & Adjusting To The Real Purpose Of Motivation
Thematic Expression: African Child (Shot & Edited On My iPhone 12)
How I Create Original Images for My Blog & Why This is Important
Budgeting: Paying Yourself First With Crypto
Establishing Compatibility: A Case For Self-Improvement
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