Impressions or facts
Such were the attributes of Warren Buffett, he was not moved to impress, he was always after his results. I talked about him in yesterday's article; about his retirement at the end of this year. It has been a 60 year run in the financial market space for him. He will be a long missed figure, let's hope we learn from him.
So what is there to learn from Warren; fad is not a good financial market business. Don't enter the market, don't buy, don't sell, don't hold to impress.
One of his TOP strategies was that he doesn't invest in assets he does not understand. We have seen him stay away from crypto, blockchain tech, web3 and AI. Does this mean ALL these are not good investment opportunities? Of course not.
Nevertheless, we have to admit that there has been too much fad around this ecosystem along the line. Pump and dumb has been one top activity over here. From shitcoins, unprofitable NFTs, failed DeFi projects, memecoins and so on. I can see why Warren choose to watch more from a distance.
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The aim of this article is to correct a mentality. The pursuit of financial freedom in the online space is all about focus. You can't buy, trade or hold every asset. You heard me right, let it not just be you are jumping into the financial markets be it FOREX or crypto just to create impressions.
A man just bowed out of a 60 market experience, he retired a billionaire. This doesn't mean there were no other opportunities out there, but his discipline was an overall success of his niche.
What will your Next five years in the market look like? How about a decade to two. Will it all be about creating impressions? This mentioned year length seems far until we come to later realize we are just a few months or weeks to clocking it.
I have talked about the pending abundance the virtual space is holding. Nevertheless, not all will be able to benefit to its full. When I say benefits to its full, I mean staying in a lifetime profit. Of course we are seeing many always taking profit when market reaches their juicy positions.
Am I against taking profits? Not entirely, but if all you value in investment is to pull out your entire asset as profit, you have failed both yourself and the market. Worse of all, when these assets are pulled out to settle unproductive activities. The day you cut down a coconut tree, no matter the number of fruits currently on it, you have lost the future fruits.
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Ok, let me come back to what we are more acquainted with in this ecosystem. How do you want your Hive, LEO tokens and any potential token you are holding on here to look like? Two things to consider here; price and rewards.
You need to mean business, let it not just be that you show up here to impress one or two top users. You get a few upvotes in the process, spend it and start over. Get rid of this mentality, mean business. One of the questions I asked and I am working on answering is what if all these top votes were denied me, how will it still stay profitable in this ecosystem?
This is where stakes come in big time. It is the advantage of Hive as a decentralized ecosystem, your rewards on stakes can't be denied you. See the Hive ecosystem as your business, it will need some level of investment. Yes, consider you will have to put in your time and creativity, reinvest whatever you get for compounding results.
As I said, don't waste your entire day here for impressions, click to the facts that surround this ecosystem; it is rewarding to long term investors.
Set your targets and work towards it to make sure it is a manifestation. My advice here is to think long term, you will have the advantage of making decisions without panic.
To conclude, let me add, aside from the online space, set your vision clear on whatever you are involving yourself. Have a target in your job. Know how much you get paid and how long you intend to work. Get the needed funding to fund all your needed investment opportunities so that you can salvage yourself from any pending financial rat race. From my calculations Warren took over Berkshire Hathaway at age 35 and made the most of it. The take of home from him I assume is that he had a target the moment he resumed office. He made his best picks and focused on it.
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