Starting small is always a disadvantage
I was reading the post of someone on Hive, and just as always, I had something to learn because 80% of this person's content is absolute gem.
So the man has been here for about 5-6 years, I am not sure. He began playing Splinterlands earlier, started small on Hive, and, while he is not a frequent talker, he always has some worded wisdom to share from his experiences.
He recently discussed how he started small in crypto and then moved on to Hive. He mentioned that he could have purchased Hive for 10 cents in 2020 but did not, not because he lacked conviction, but because he simply lacked the necessary funds.
He mentioned saving money, buying a lot of Hive, and planning to retire on HBD. The man knows his onions; he appeared to be the epitome of a modern-day crypto guy, working in real life to retire later in crypto.
Convictions
To be honest, I have the same conviction as he does, but I lack the means to execute these convictions.
Starting small has a significant disadvantage because you will miss opportunities that you should not have missed; sometimes these opportunities will present themselves again, sometimes they will not, and sometimes they do, but we have a tendency to repeat the same mistakes.
Bulk accumulators have always been the biggest winners in crypto.
The reason for this is that they have the opportunity to profit handsomely when the market begins to print massively, which is understandable given the amount of effort and money they have put in to get where they are.
Starting small
If you start from scratch, you are significantly disadvantaged, unless you have the capacity and longevity to build for a long time. Long time is not two months; it is five or six years.
People who are already ahead will amass enough wealth to be in a position to take advantage of every bear and bull run, while you will continue to accumulate slowly. Now throughout the process of waiting to gather enough, something else can happen and you can no longer build, and your dream would have been completely wasted.
Not all builders gets to finish their building
Not all of them (builders) gets to live in the mansions they're building. Some builders can become overly impatient and lose their cool, potentially killing the golden goose that lays the golden egg, or becoming demotivated after going so far.
Building for a long time comes at a high cost; one of the most significant costs is that you cannot eat your cake; you must leave it in the oven to continue baking, and if you make the mistake of eating it too soon, you will never make it.
To make cryptocurrency a life-changing experience for you, you must make personal sacrifices.
One of them is to invest money and effort, not just a little, but a lot of it. If you have the cash to splash, you can still lose all you've got especially without the right experience, and this some of the lessons you'll learn by following some of the crypto bros here on Hive.
To be honest, if I have any cash today aside from Hive, I already know where I am going to put it, assuming I already have enough Hive (which I don't) and want to spread my tentacles wide.
Being a small starter means you need experience and money. Time can give you the both, but you must sacrifice a lot of it (time) in the process .
There are already major players in the game.
So, despite the fact that this may appear absurd, players are constantly praying or looking forward to the bear market.
Bear markets are where millionaires are made
For smaller players, we always have to look towards the bull run, because this is how we get to have a little financial means to play the game, but not being in a position of good liquidity means that the bull market is of no use to you, because you can only sell in bull markets and never buy.
Unless you're inexperienced, which most bull run shoppers are. Unless you are trading into stable coins, you are most likely going to fail by buying in a bull run, which is why it is always difficult to make it in this space.
There won't be another Q2 in 2025
The market appears to be bleak right now, but by September, no one will remember there was ever a time like this, despite the fact that it is only six months away. Unfortunately, people will wish they could travel back in time and make things right.
It takes four years, which is why it is difficult, and there will come a time when the market cycle will change, and we will most likely have a once every six or eight years cycle.
This would mean that those who started earlier would have been the biggest winners, while those who started later and hoped to build their way to prosperity would have to give up or keep pushing.
The best time to have started building was 5 years ago, and the next time is today, but I honestly do not know if it will get easier; it just feels like it will get harder.
Interested in some more of my posts
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Survival: Choas and Scarcity
Crypto: Gut & meaningful Connections
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What Are Some Things You Should not Do During A Bull Market Year?
Starting anything that involves money from scratch isn't easy. You can build to a certain level, but circumstances will come and scatter it😁.
It's only easier if there are funds elsewhere, or a steady income stream. But nothing is impossible; as you said, it will require a lot of effort and time.
Indeed. However starting things in general is difficult, and a small starter without any advantage will have to make a lot of sacrifices. Time is one of the biggest, because giving time is not that easy.
Starting small is very difficult thing, but for me, seeing others make it after years of being on the platform keeps me going. Maybe slow progress is still progress and eventually if I keep showing up, I'll get to the levels of the orcas and whales
Its not just on Hive, but generally. I remember my early days working web2 online jobs, it was difficult at first but once I spent a year or two, it became really smooth for me. Generally, starting small is hard. Hive is just a one piece of web3. Starting small out there is even harder.
oh yes, I understand it's life and wanted to use my Hive experience as an example agreeing with you 👍
I understand, I was also talking about my experience lol.
haha yes and it was deep wisdom man, truly something good infact let me go ahead as and repost it, hopefully my friends on Hive see it to
Starting smallnisbonenof the most difficult thing to do absolutely and it’s even annoying when no one want associate with you. People wants to roll with successful people. The big starters would already have more advantages. One would always have to believe in the stand have the tenacity to push to get to the lime light.
Haha well what can I say, you've said it all. It's the same for all small starters, one day, eventually one will lose that "newbie" tag not because they've grown but because they now have that experience. I consider myself a small starter, because I don't have money to buy a position to take advantage of the bull market
Maybe but like you said
You’ve persevered through seasons and are in a better place
We look at you people and also persevere. If you don’t have money, have some perseverance and hardwork 😂
Im only in a better place in terms of experience and it's been almost 8 years. So perhaps, God willing before the 12th year if God preserves my life till then, maybe I can get to make money to be financially free.
God willing that’s a good one
Definitely good years of hardwork
Yes.
HBD Savings is important.
I started with Zero in 2017.
I never invested a penny into crypto. It’s all from blogging on Steemit.com
If you convert a little Hive to HBD, Bitcoin and Blurt you will be a billionaire one day.
Soon.
Yes, one day. It might be 10 years, might be 15 or maybe lesser. However it still takes a very long time for a small builder without enough funds to hasten their growth
The trick is to have many irons in the fire…. Hundreds of side hustles, …. earn a little of everything … every now and then something like Dogecoin, PEPE etc explodes and you have an extra $10 k to invest.
And it's getting harder already, lol
Not withstanding, you made great points here... starting anything small comes with disadvantage. It takes a lot of time to slowly accumulate and you may lose patience along the line
I wish people have the right mentors before jumping into any projects or bussiness...it would help one to make a better decision
This is an opportunity to become a whale on hive... anyone wit strong stream of income off chain should really be intentional to utilize this dip , become a big guy in this space and keep growing
It's going to continuously get harder to start small and that's because everywhere is becoming oversaturated. I think there are always opportunities, but it's going to be taken by only those who are going to last so song.
I have and know people who are rich, sometimes I wish they can give me some of that money so I can take advantage and buy Hive and even other crypto and keep in my portfolio.
But I'm definitely not going to give up. I'm going to continue to push for other ways to get the funds.
@tipu curate
Thanks a million
Starting small is a disadvantage ... and yet every human being and every great tree in maturity had to go through and made it through that stage. It may be the most difficult but also the most organic route.
Yes, it's the most organic route ever, and it's how people grow, but then, I think some people already have a great head start.
Some do ... but will they make it as far if they do not know the universal power of the organic path? Many do not make it as far... they are too comfortable to try!
Starting small is sometimes an advantage especially for people who have no knowledge about business or crypto. The opportunity cost is the price they pay for being a begginer.
Yes, I agree. It can be a advantage for beginners, but some beginner give up because they don't have the success motivation to continue.
I agree that the start is quite slow without funds. I guess its the tradeoff because you can still grow here on Hive without spending money. It just takes time and effort. It's not impossible, but I think that is also where the challenge is.
Starting small in web3 is generally tasking and I've seen and experienced the hustle of not having enough cash to make it, and yes, that's why I appreciate Hive and the free opportunity it actually presents to us.
Seeing my laughing when you said you are still small, then what will I say of myself 😂.
I totally agree with you, starting small is really frustrating and tiring but I believe with consistency, there's still hope. A little drop of water makes an ocean
Yes, I'm still starting very small because it's a big industry out there, and Hive is just one aspect of web3. There are hundreds of opportunities out there, so I consider myself a small starter because of that.
Anyone that dedicates time, effort with the right scope will eventually make it if they don't give up along the way.