While I would hope that crypto markets (and especially Hive) would just go to the moon forever and stay there, making me super wealthy and never in need for money again, I actually don't mind the sideways action too much. At least, it is better than negative movement over a long period of time. Sideways action indicates (to me) that the markets are just waiting for crypto people to get bored enough to sell enough, and then once they have, the market will respond by cutting them out, or punishing them in order to get back in.
That is my evaluation.
Do with it as you will.
Which probably means "do nothing" since that is what most people will do when it comers to investing anyway. Which is kind of interesting, considering we have so much access to information, yet we can't seem to get ourselves to consume anything useful that helps us improve our lives. I would love to have statistics on how people consume digital content for example, and see a ratio of "educational content" to "entertainment content".
What do you think yours is?
Obviously, what defines each is going to vary a bit, but I wonder if the average individual was to be honest with themselves and audit their consumption based on value, I reckon most people would struggle to get to 20% educational. Just imagine how many seasons of various shows people watch, and then consider what they could do with 10% of that time put into learning about investment strategies.
There is more to it than where to actually invest, there are also the psychological aspects, and then of course, our past relationships we have with money and wealth in general. Remember that the biggest thing that holds people back from investing isn't a lack of money, it is a lack of will. People will find all kinds of reasons to not invest, but at the end of the day, everyone can do something.
That "something" might be to build the right mindset.
They say, "attitude is everything" yet when it comes to so many of the things we want in this life, we tend not to worry about developing the right attitude. One of my clients was a mental coach for the Finnish junior hockey team and one of the things she realized is, most of the kids didn't dream big enough, and they didn't have the right attitude to make it into the NHL, because they essentially salary capped themselves with what they wanted to achieve. This means that they weren't willing to do what it takes, to put in the work.
While I value entertainment time, I also recognize that there is more to life than being entertained passively. We seem to have overbalanced the scales in what we expect in entertainment volume now, where we essentially need everything to entertain us, including learning.
Learning should be fun!
Not necessarily.
I believe it is a lie that we have bought into out of convenience. We don't learn better when we are having fun, and any trader will tell you that the best lessons they have learned, is in loss. We learn best when we are in pain, which is why the cane was such an effective tool in reprimanding children and changing behaviors. I am not saying it is the right thing to do, but it is effective.
And we should learn from the lessons of the past and realize that the things that are valuable in life generally don't come easily and definitely not passively. If we really want to take control and change something in our lives, we are going to have to get uncomfortable. Learning is always "new" which means it is always uncomfortable.
Not fun.
All of the "fun learning" at schools that has been introduced and you know what is happening? There is a massive decline in the results. The more games they play to teach math, the worse the results in math gets. The countries that are teaching it more traditionally, are doing better, year after year.
It has something to do with the way the memory works.
We remember pain, we remember discomfort, we learn from falling over. While this might not be the case with everything, when we have to learn the lessons that we don't want to learn, pain is a very good teacher. But, most people won't investigate this too much, or find arguments that support the "fun way" because it is more acceptable to them, more convenient.
Easier.
No wonder most of us spend the majority of our lives going sideways.
That's okay, because if too many people invested well, there wouldn't be much gain for the others, right? Of course, in the end, the markets will balance more and the volatility will be mostly gone, but by that stage, the people who did the learning, made the investments, and stayed proactive while the others watched TV, will be the ones that everyone else will blame and say,
It isn't fair!
Taraz
[ Gen1: Hive ]
Posted Using InLeo Alpha
