Milestones In Volume: How Do You Measure Your Growth?
Lately, I've begun to stress the importance of volume over value and this is because the bear market brings an illusion of futility. This means that sometimes people don't tend to appreciate or see the essence of building and this is because of the way we find it difficult to untie the value of our crypto holdings to the dollar.
Why can't we untie the value of our Crypto to the dollar valuation even if we're not selling it anytime soon as die-hard HODlers? The reason why we do this is to attain personal financial validation.
We have different parameters to measure our financial status, measuring how wealthy we are in dollars often brings more financial gratification, should we even begin to talk about stability?
We've not gotten to that stage where we can measure 1 BTC to the value of 1 BTC, there's always the tendency to talk about its dollar value to create a comparison or measure worth.
The Measure Of BTC's Value Overtime
One of the reasons why people panic in a bear market situation is due to the constant drop in the value of their crypto holding, measured in dollars. Due to the flexibility of crypto, one BTC might be $100k in two years, even if it was below $20k about 4 years ago.
This is volatility at its best, however, because we often demand stability whenever we're holding wealth, we sometimes feel the need to foster stability in others to feel safe. Building one's crypto holding feels futile, especially when you're accumulating and the dollar value keeps dropping.
For example, managing to reach the goal of one ETH is quite a milestone, but it'll be difficult to appreciate this milestone because the depreciation in the dollar value, makes it feels like a negative growth, these are some of the things that make building seem futile during the bearish situations.
Builders Watchers
One thing I've come to understand is that psychologically the bear market plays a role in creating prospective builders but not actual builders.
Time is of the essence with crypto, there's a ridiculous amount of waiting period to study the technology and with profiteering and sometimes people measure this time taken only in the dollar value. It's a case of opportunity cost.
Take a look at it like this. When people are not gaining, they're calculating how they could have been winning especially with something else, even if this calculation is flawed, we cannot help but measure time with money because of the mindset of opportunity cost. Opportunity cost makes you bemoan the loss of what you do not have over the benefits of choosing something entirely different.
Growth Or Decline: Creating The Illusion Of Failure
So some people bemoan the loss they've incurred with crypto rather than the gains they've accrued with it and this mainly makes them mere watchers when others are accumulating. You see, bearish situation is an onslaught that requires mental fortitude to survive, part of survival is building towards the next crypto season, which involves finding the right mentality to look at volumes rather than value.
This is that situation where it feels like every one of your decisions and action is tailored towards growth, but then you cannot feel yourself growing. It's an illusion created by the bearish situation. Volumes are what translates to value, but time is the only difference.
Sometimes our realistic or futuristic goals can be tied to how well crypto might do in the future, (this is probably the essence of stable coins) But when with these bearish situations it's difficult to still have strong convictions. Nevertheless, some of these fears are just in the mind.
7K STAKED LEO: Growth In volumes
Without further psychological analysis. I'll like to say I'm happy to have hit 7K STAKED LEO, I initially invested and bought about 2K When I began writing finance about 2 years ago now. While the growth hasn't been astronomical and the account value in dollars over two years hasn't been exciting.
I'm glad I'm quicker to say I've attained 7K staked LEO rather than saying my LEO holding is worth about $700.
This value is temporal and because I'm not selling it, I'm technically still inclined to relate with the volume because this is how I'll measure the growth or calculate the speed of the growth with the time it has taken to happen. Thank you all, keep building, staking, and holding.
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
@Josediccus, your brother-in-pen & heart
I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog
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Nowadays I am not using Bitcoin (BTC), but HiveStats is good for Hive account growth measurement. Good luck and all the best.
Hivestats is my favorite tool ad well. Thanks good luck as well.
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Congrats on 7k LP bro, that is supper encouraging!
You made a point of people focusing on how much they lost during the bear rather then continue building, maybe we should also start realizing for most of us that we didn't buy these tokens as in the case of Hive, we can argue trading time, yes we might as well go trade that time on FB and get nothing.
A little bit of contentment goes a long way as well
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You're right with the point of contentment you've raised. I've always been dogged about my goals and one of the ways I've achieved them is by taking being blind to losses or potential gains. I'd rather spend time here than anywhere else.
Thanks a lot, I'm delighted to reach 7k. My goal is 10k before December.
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10k is very possible by end of year. Let's keep setting those goals and hitting them bro 🎯
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Congratulations and 7k LP is a great goal to reach. With the extra LEO from Khal, I do plan on powering up more LEO and probably do my minimum for CUB add. Prices don't really matter that much right now and we should just focus on building.
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Well, I can imagine that extra incentive for engagement and how you plan to incorporate it into your plans. I'll be cheering you. Thanks a lot. I'm glad to have reached here myself.
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That's an exceptionally great piece of writing and one with which I absolutely agree. There has to be a huge mindshift away from USD comparisons but it isn't made any easier when so many tokens and blockchains incorporate the word 'dollar' into their coin names!
HBD ought to be HSC (Hive stable coin)
USDT should be something like FERC (Fixed Exchange Rate coin)...something like that
I'm sure people can come up with better ideas but until that connection to USD is removed from in front of people's faces, it's going to be an uphill battle to think in terms of coins as opposed to USD.
I do notice though, that when people talk about secondary tokens, they're more inclined to describe the numbers, as you do with your excellent 7500LEO .... perceptions are very interesting!
Great comment as well. I guess the need to incorporate that Dollar value is because of stability, I mean the feeling that a stablecoin is pegged to the $1 value. Secondary token are however, very different. It's more about the volume and if this can actually become a thing" then I think we can begin to see a change. In reality, I like the sound of (HSC)
Hive stablecoin, but I'm guessing people would still want to relate any Crypto stablecoin to a certain peg.
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Good one you reached your 7K Leopower goal, congrats @josediccus. One key thing you emphasized here, which I will buttress, inspite of the ups and downs of prices or worth of cryptocurrencies the volume or amount remaibs unchanged! This is one thing I like about crypto...although at times we are mostly concerned about the worth.
Thanks a lot bro. Well the thing I always so is ruthlessly accumlate, while paying attention to so many things. There are so many exciting projects in Crypto. It's not compulsory that we must be focused on selling every time and miss out on what really matters.
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Wow. I got this! More wisdom, boss.
Thanks a lot bro. Well the thing I always so is ruthlessly accumlate, while paying attention to so many things. There are so many exciting projects in Crypto. It's not compulsory that we must be focused on selling every time and miss out on what really matters.
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5 years this has been happening to me, it started here, around people that are still here. Homeland security has done nothing at all, they are not here to protect us. Dont we pay them to stop shit like this? The NSA, CIA, FBI, Police and our Government has done nothing. Just like they did with the Havana Syndrome, nothing. Patriot Act my ass. The American government is completely incompetent. The NSA should be taken over by the military and contained Immediately for investigation. I bet we can get to the sources of V2K and RNM then. https://peakd.com/gangstalking/@acousticpulses/electronic-terrorism-and-gaslighting--if-you-downvote-this-post-you-are-part-of-the-problem
Congrats for your achievement mate :)
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The price have it way of affecting people in crypto world and the focus suppose to be building the project you believe in instead of focusing on the price.
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Everything about it is the rightful application of revealed principles and means to meet the requirements in the crypto market. If those principles are well applied we will know the worth of our portfolio rather than focusing on the market or our worth in dollars.
I do cherish the growth in volume too because values can decrease or increase with time.
7k is a huge success.
Congratulations and am certain the other goals will be meet too.
Thank you for always engaging and supporting my blog as well.
I truly appreciate that.
Thanks for the comments, you're welcome. Hopefully building goals here will help me build the life I want as well. Looking forward to the future. You're always welcome.
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Nice writeup dear
You really encourage me with with your write up
Congratulations on your 7k stake Leo token
Maybe i should learn when i start doing well here on hive
We learn every we turn up, I'm sure you're already learning at the moment. You'll come good with time
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Sure i am, everyday is another opportunity to learn
Great people don't stop learning
I'm glad am learning from your post too
You no go like become motivational speaker?? 😂