Human Nature Jumping On The Band Wagon

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Most people in life pass up on opportunities mainly because they do not see them when others already have. I think this is relevant when we look at crypto especially during the 4 year cycle phase. I often ask why people only get involved when the price is already on the up and not before.

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It is not surprising that humans are compared to sheep in their behavioral characteristics and when it comes to investing this makes no logical sense. We all know the time to buy is when everyone is thinking of selling and there is blood in the streets with the market tanking. Thankfully the ignorance of the masses provides plenty of buying opportunities along the way when these dips are created and made "worse" when selling happens.

Human nature with fear and greed is a major aspect in crypto that needs to always be considered because we know when we see the market turning green this will be fueled by retail new money making things even greener.

When I joined HIVE which there is never a wrong time to join I saw the greed first hand playing out as we had thousands of users in a feeding frenzy trying to earn as much as possible. Within a 4 month period things died down and those extra users had all vanished into thin air leaving the core of the community behind. This is something I have never forgotten and it is an experience like no other.

These seasonal Hiveans because this is what they are as they turn up when the prices are high are doing things all wrong. There is no difference than buying Bitcoin at $100K thinking you are being smart only for it to drop leaving you in a loss situation even if it is temporary which the idiots then sell calling crypto a scam. As they say you only invest what you can afford to lose and you should know the basics into what you are investing in to.

If one stays active whether rain or shine you will be successful especially on a blockchain like HIVE as you are earning no matter what the markets are doing as they become irrelevant. Being involved for 6 months every 4 years is no way to grow a HIVE account when you compare that to someone who has been here the entire time. The reason is the HIVE earned whilst at 20 c is the same HIVE when it turns into $3 and you have been earning that HIVE the entire time.

We may see this as common sense, but it is strange that so many do not understand this concept and have no idea how to build wealth unless it is instant wealth which offers a limited return. The big money is made not today, but yesterday as this is a wealth journey that takes time to create which involved years and not months.

I am looking forward to seeing what user names return on the scene later this year because we can guarantee a feeding frenzy will return on HIVE again when the markets turn green and we head towards a new all time high. Without bid bots being available it will be interesting to see how successful they will be and what type of strategy they employ and if they receive support or not.

Posted Using INLEO