The Reasons Why Your Intentions Towards Crypto Aren't Sustainable.
Everyone is still busy figuring out their Financial resolutions for the new year, many wants to be frugal, a few others wish to own more crypto, I've had the previlege of speaking to some friends who are aiming to own assets in real-time and some just wants to be more consistent in posting and being better members of the hive ecosystem.
Resolution makes people intentional for some certain period of time, the urge to remain intentional throughout let's say a span of 365 days which a resolution is supposed to last is hardly obtainable, this is why resolution makes people intentional, it hardly makes them consistent. Let's take a look at the blockchain, HIVE.
It is a community that uses buzz, FOMO and herd mentality to prod people in the right direction, in a right way. A lot of people decides to be intentional towards a financial prospect, not because they know this by themselves but because they've been influenced or intimidated to be intentional.
Aiming For Stability $$$
Being intentional is not the Only ingredient to stability and results. A lot of people realize that they're broke. They probably know they need to work hard, but this knowledge only creates an energy, a buzz which is killed when people settle into their different elements and find it difficult to work on what they've initially set out as resolutions.
Over expectations is why people actually aggrandize their abilities. For example, there's been a lot of price predictions towards hive, some have predicted $100 some, $50, others $10. While this is a possibility due to so many variables, it shouldn't be a reason why a person should decide to be intentional towards hive.
2022 is just like 2021, we will quite make mistakes about money, we will buy the wrong coin, get caught in FUD, invest without taking time to analyze possibilities and this is because we're humans and while entering a new year might make us better, it certainly wouldn't overhaul the skills we have, the way we reason and our disposition towards money.
Same Energy, Same Results
Truth is, life is continual, and during the first quarter of the year a lot of people will begin to see that they've exactly done the same thing they've been doing before. This isn't necessarily a bad thing. Many people are always disappointed with the end of some cycle in their lives and this isn't because they've necessarily failed, it is because they've initially hit a peak of being intentional, without being analytically realistic.
In many contexts of life, we've seen so many narratives about people realizing that being realistic helps them find sustainability in most of their individual striving. For example if someone tells me that I'll own a million dollars before the end of 2022, I'll practically hold onto the hope but known within me that it's practically and realistically impossible.
So many people feel that because Crypto has done the unthinkable in the past, that every year of their lives will be unbelievable, and they can buy islands and plan a trip to the moon. Let's take a look at hive for example, even if we noticed an astronomical growth towards the end of 2021 this isn't a proof that this growth will cascade the whole of 2022.
Hive is a testament of building wealth is a systematic and realistic way, this might not be this same with many other crypto out there. However, the point here is that even if crypto can do the unthinkable it's basically important to build one's aim realistically that can forestall longevity and sustainability. Truth is, seeking sustainability requires a lot of work.
I've seen people who have abandoned saving outrightly simply because it's an entire new year, a Whole "new this" and a full "new that". This is to say, that we attach relevance to change due to our Initial intentions, most times the forces of reality has a way of dealing us terrible blows.
Structural, Rather Than Overhauling?
I've seen life, crypto and real-time situations. My first impression when I firstly became exposed to moon, was to withdraw everything to fiat and keep them in my bank account. Overtime, this "fire brigade" approach at saving and relating to unreal money hasn't stopped, but I have built on that approach towards becoming a better man and not totally overhauling that person I was.
Crypto makes people advanced thinkers, if you take a look at some of the biggest players on Splinterlands you'll see that playing the game has made them smarter, more intentional and more inclined to money. I.e, living the ROI dream.
However, this doesn't mean crypto cannot be devastating and this is why it's Important to allow one's intention to tally with an aspect of reality which is Important in building sustainability. Many feels' sustainability is impossible with crypto, but this is because their intentions are not sustainable from the onset.
Interested in some more of my works?
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I think most goals/resolutions don't work out because of them not being realistic as you said, we are moved by what we seem to want for that year and write a bunch of things without even making proper plans or thinking about if they are achievable, most by be but we don't have the capacity at that point to achieve them.
It's like me writing that my new year's resolution would be to get married, this might happen but it hinges on so many factors and variables.
I think when writing goals, they should also be accompanied by a spreadsheet that sets your plan in place.
Well many would argue that it's advisable to aim for challenging heights because it challenges them to actually go out of their conform zone, but then, at the end of the day, these heights are not sustainable because we are not just equipped to follow them through, especially when it comes to money. Money goals can be unrealistic when we're not even in the position.
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I understand their point but for me the moment the goals seem too challenging, I go into overthinking mode and it never ends well.
Resolutions sometimes fail because people don't include risk management into it. They often forgot about upcoming challenges. I would love to see resolution post that talk about Emergency funds in hbd saving in there resolution post. It should be 10% of there worth of hive.
Just my 2 cents.
This is definitiely true and another aspect to this resolution thing. Upcoming challenges are never considered because people are overwhelmed by the prospects ahead of them.
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Hi can you do that on my posts some time? It's on fire!
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I think it depends. If you are aiming for a goal like x dollars a day then I think it's tough because there are so many things out of your control. So I think having goals a little bit more defined does help quite a bit. For example if you made a goal to make at least 1k comments, then its something fully in your control. So a mix of both of them are fine when they do try to complement each other. I think most of those big splinterlands player have continued to build regardless of price doing their daily quest or putting up rentals.
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Hahaha I get, money goals can be tricky to some extent. But it's all interwoven. making financial resolutions that aren't monetary but can be futuristically rewarding is quite possible, I think I understand that from your point of view. Thanks for your comment.
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While it is great to take some profits once in a while I still think we need to look for the big picture and stay for long. If our lifestyle allows that, today's investment might make us millionaires in a few years and set us for life.
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Well, you're right in that disposition, today's investment can make us millionaires for the future, but we still need to be realistic to some certain extent when setting these real time goals
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Everything in life depends so much on the approach and how you intend to ride and play your game. You have to be smart when you are doing anything related to crypto. You must plan well if your your crypto to be sustainable for you
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I think you're right in this aspect. Whether it's related to crypto or not, it still has to do with we being intentional and realistic with our goals to some certain extent
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Sure, know what you doing is very important
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Stagnation is probably the most common virus on earth. People are good at setting goals, but not so good at managing and balling up to it. It is so because the idea from start was flawed. For me the biggest goal would be to earn money from your current filed, then spread that value across...
That said, I believe what would best impact people here, would be to guide their investments "token wise" and not by its peg. When the peg is given too much attention, the goal is certainly at risk...
This is totally true, i've seen people pay attention to the peg a whole lot, the dollar value and decline as well. I try as much as possible to see growth in my own unique way, this way I don't have to conform to the standards of others as the goal is to actually grow and not to set goals, they're two different things. Thanks for dropping by.
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That is why I treat everything like a business decision. People that make News Year's resolutions are destined to fail.
People that make realistic achievable goals, broken down daily, are destined to succeed. This is in line with what you said about being intentional.
I like starting the new year by going over my business plan, and making some adjustments if needed. Anything that does not line up with my business plan is not considered this saves me from FOMO.