Build Early .:. Ph's Shorts 🩳
As I'm a creature of habits, I try to experiment with different series of posts, which you have probably noticed if you are following me... Some of these experiments stick and I continue doing them, and some of them die... lol... For example, I like to do occasionally the Late Night Blogging post, the My Hive Goals, or Walk and Talk series posts (lately much more rarely than before)... What I have noticed lately, I tend to write long(er) posts, which wasn't the case when I started blogging... I was raising posts from 400 words to 500, and 700, and recently, most of them are over 1000 words... It's not that I'm aiming for that number, it just happens... I realized that there is space for short(er) content which I will try to do with this Ph's shorts 🩳 series...
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Today we had an awesome #HHHLive show in the Ecency Discord and I will post tomorrow (probably) the recording of it, but I couldn't wait to share an interesting anecdote from the after show (yes we are doing them), which wasn't recorded! I had a very interesting conversation with @zakludick about HIVE accumulation and creation, and while we were talking I got a perfect comparison for it...
The talk was about the importance of being consistent with content creation and engagement ALL the time, which means being active in the BEAR and the BULL season... For those who didn't hear of these terms, we are having cycles in crypto (but in traditional markets too) when the price of tokens is going down, and the "season" when prices are going up... In general, when the prices go down, people are scared, they tend to panic, sell their tokens, and lose interest in content creation too... When the token value goes up, people come back, hype back into the system, and try to "catch the train"...
As Zak said in the after-show, the best recipe is to ignore those things and just focus on doing your work, to be consistent... If you do that, you will get the maximum from your work, as in the bear market (everyone freaks out) there are fewer content creators and your content gets more attention... As token value is lower it LOOKS like you are earning less (in dollar value), but you are actually earning MORE tokens! In the bull market (everyone is hyped), the competition is bigger, and you get a smaller portion of the rewards as it has to be split among more people, and fewer tokens...
So, the main point is that the best opportunity for accumulation tokens is when everyone else is freaking out, and that's the BEST time to do it! I have a crazy comparison in my head regarding that... Most people REACT (or RESPOND as Zak said) on something, and when you are in that "stage", the action is already done, and you are just following... But, if you PREPARE yourself BEFORE, you are the action-taker and others are "responding"... You are at an advantage...
Think about it as year seasons... If you are expecting a cold winter, you will prepare yourself for it and get some firewood... When? Probably not in the middle of winter, but in the summer... When winter comes, your very well-dried wood will keep you warm... It takes time to build a stake, but if we are doing it in the "right" time, it is much easier and more effective...
Darn! The idea was to keep the post under 500 words and I failed... Maybe next time... :)
Thank you for your time,
~ph~
PS. Part of the inspiration for this post came from @solominer's post about collecting firewood. Thanks, Solo!
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I hope I can catch the re-run tomorrow. Great analogy, consistency and having a plan seem great things to have for each crypto cycle!
I saw many times people doing the opposite in the cycles... I was doing that (and probably still doing) massively before and was losing money...
I know that it looks like going "against everyone else", but I would say that it's more like "frontrunning" others...
Do you adjust your plan or strategy though? I know some still have the same goals and strategy from 2 years ago. I have adjusted and pivoted a little as my information changed.
I do adjust sometimes, but I'm not proud of doing it... 😃 But, the general plan is the same and I try to avoid changing the premises, for example, buying some new coins when FOMO hits the markets, or selling some coins that I didn't plan to sell...
My idea of taking profits from BTC and ETH stayed the same for more than 2-3 years, and I hope that I will finally execute it...
I know, it is like one word or sentence leds to another ;)
going with the flow...
A good strategy is simply to ignore the price and all the fomo/fud stuff and just produce one post after the other independent on the market wheather. The wheather is just a diversion from our task :-)
Hehehe... that's another great analogy... When it's sunny, we would like to go to the beach, when it's snowing, we would like to go skiing... In either case, we should do some work and ignore the weather as it's impossible to live all life on vacation... 😃 Or, it is?
Life is vacation 😆
Nailed it bro.. 😅
This is true; however, there were times when I couldn't post because I was running out of content. Nevertheless, I am still trying to write more often.
That is a good topic for one of the future #HHHLive shows... The author's block... When I get hit by it, I go and read a lot of content by others... 99% of the time, I find something interesting where I can create a post with my point of view...
As a matter of fact, the idea for this post came from a talk in the Discord show! Attend these things, read the content, and you will get inspired!
My crypto strategy is DCA and my Hive strategy is OPD (one post a day) 😃.
So I don't worry about missing. Neither in the crypto, nor with Hive.
This is my first winter in Hive, for next winter I will be much HPowerfull.
I know what to do and when to prepare wood.
What do you think, when I was preparing wood for myself for this winter?
I like to DCA, but I try to do it in a bit different way... Instead of buying every day/week, I try to buy every dip a small portion... But, it depends on a token...
This gave me a nice idea for a post... Thanks! 😃
I don't see leafs on trees, so I would say winter... The question is, this winter or last winter? 😃
I got ready in time, in the fall, for this winter...
Winter, which seems to have started on Monday (marked the beginning of winter with my weekend post).
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So true.. I need to get on my wood collection game better. Hopefully next year I will have a pile of wood ready to go.
Thanks for the mention.
It is hard to predict how much you need for winter as it can be mild or a cold winter...
Thank you for inspiring me to write this post!
I think the more you write each day, you keep on getting familiar with words and also be able to express yourself better and that’s why you are having as much as 1000 words in an article
Yeah, we get better with practice... It gets easier to write, especially when you like the topic!
!LUV it.
It was still a brief enough post! Haha! It is actually a gift to be able to put words down and then see them increase by naturally speaking to the reader.
Indeed. In time and with consistency, the members of this community make the magic happen.
After last night's #HHHLive I have decided to fire up my newbie incubation process. So besides my personal account growing to Dolphin status, I want to see 3-4 of my onboarded Redfish become Minnows in 2024! It is very achievable!
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Great to hear that you got inspired by #HHHLive! I like the "mutual" benefits of these virtual meetups! Will check out your post!!
Your onboarding achievements and helping newbies are impressive!
Haha. Thank you very much! I do try!
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BEER.I'll wait for the re-run but I definitely agree that people should just focus on what they believe in. Like taskmaster4450 says, just put down your head and keep building. Price doesn't really matter until you buy or sell. So avoiding the FUD/FOMO sounds like a better choice.
Yup! Focus on doing a job and don't be distracted by time-wasters... :)
It is as important to accumulate when the bear is as it is to release when the bull is. We must not forget that. But always within a plan with objectives.
When FUD and FOMO hit, staying focused is tough, especially if you didn't create the plan, BEFORE! There is time for doing hard work, and there is time for taking profits... It's important not to mix those times and do the opposite... 😃
Writing something new every day is not so easy job, but it comes from the heart to write something that you love. When I was in a project, I had written reports every day and each of them consisted countless words. !LOLZ
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You are right about that... It is much easier to write about things that you like, and that you are passionate about! That's why I like these crypto and personal development-related posts a lot! :)
But if we look at the market, those people who wanted to buy it at 10,000 must be feeling very sorry and it has gone above 45,000 at this time, so it is better if we make profit in this market. If so, we should continue to do DCA.
DCA is a solid way to do it if you are sure in the asset that you are buying
Yeah best thing in cryoto.
No matter what, the best thing is to ignore the market and just keep posting
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