I know what you mean but I have been a really terrible trader for way too long. In fact, long enough to lose my Hive fulltimer status because of it. I wrote more about it here. But it serves me right.
Yeah, I´m curious to see where Hive makes it when/if the alt season comes but I will probably be watching it from the sidelines, getting used to a new job that I will hopefully find. But who knows, maybe Hive will hit 10 bucks and stay there, which would make Hive fulltimers from all of us :D
Hmm... I re-read your post that you shared and I have to say that I was sharing the same view at a certain time... I was playing around, trading in and out HIVE, but it is unrealistic to believe that you can hit and sell at ATH, with an already powered-down and prepared HIVE...
Because of all that, I was more observing what big-heads on HIVE are doing, those with huge HIVE bags... They are using their HP as a hedge (or maybe better as a ledger), monetizing it in other ways... Maybe taking out by running a Hive witness, or circle-voting on DHF proposals... They rarely power down, but they do live from HIVE!
Not saying that you and I can do the same 😂, but having HP and some HBD in savings, could help out the family budget... I know that even with 100K HP that's not enough for living costs in Europe, but it can help...
Also, my main issue in late 2018 and 2019 was that I didn't take any profits at the end of 2017 and those two next years were hell for me... The worst period of my life... 😞 I learned (part of) a lesson, took some profits in 2021, and now I will try to do it better than then... Living from crypto is possible, but as of these long, 4-year cycles, it is important to calculate the budget in advance, and to right things in the bear and bull markets... And not do things in reverse, like probably both of us did in the past...
Wish you the best, my friend! It is possible to do it, but we have to load up with patience and a good plan!
Wise words and interesting thoughts here. The lesson that I learned here the hard way is that being a successful blogger is not enough. To be able to live off Hive, you need to be a very good trader too. Unless you live somewhere where just a few hundred bucks monthly gets you a comfortable life...
Btw speaking of the whales, I wouldn´t say that they live (only) from Hive. From what I know, most of these big guys with millions of Hive hold even bigger bags of other coins and assets. Then, with some trading skills, common sense and discipline, it can be totally doable to live off crypto, even in the most expensive parts of the world ;)
To be able to live off Hive, you need to be a very good trader too.
I will leave just one more comment on this... I tried trading a couple of times in my life, and I was even successful in many trades... But, it was too stressful for me and it was not healthy for me at all...
The moment when I stepped out from the "trading mindset" into the "investing mindset" everything changed... In those moments, I stopped calling myself a crypto-trader, but rather defined myself as a crypto-investor! Having a long-term view of projects and tokens helps a lot...
Wish you all the best, my friend!
Yeah, sounds reasonable. But to be able to be a "long term crypto investor", it means you need to have some other funds / sources of income to cover your life expenses. I hope to find a job soon and get into a position where I will be able to start staking Hive again. I´m not exaggerating if I say that every single power down hurt, like really hurt... I owe my account and the community a lot of power ups. Hopefully soon :)