Random Spiels, Your Reference Point in the Market

Random Spiels, because @macchiata already called dibs on Brain Dump series. I just want to call my random shower thought posts something because it sounded cool.

Look at the bright side, with Hive going lower, you can now buy it for cheap. Too optimistic? not really, I'm selling copium here. I'm no finance guru, and none of this serves as an investment advice.

The reference points I'm talking about are the points when you started to join Hive. If you started your crypto journey on a bull run, you've seen better days and think everything is doom and gloom once things go down. This is common for people that started in the red circles all the way down.

But for people that started in green circles, seeing the price rise up from a long period of no action must have created happy memories. Your perception about your crypto journey or the market will depend on when you started interacting with it. On this case, your perception about Hive, the market and the platform. Hive hitting levels back when it was 2021 now (at the time of this writing) must have triggered different reactions.

Let's say you acquired some Hive at 0.2, then it went up at 0.8 then down at 0.5. This isn't so bad. Now see it from the point of view of someone that acquired it at 0.6 then it went 0.8 and back to 0.6 then 0.5. This the worst investment. Guy that bought at 0.2 says dump it you weak hand. It's about where you started that affects your perception about market price.

Your perception about things will always depend on your reference point. And this isn't to say that one point of view is more right than the other. This is the market, and we're only looking out for ourselves to profit.

I've been open about my bearish stance on Hive even before I made these posts. It doesn't mean I hate the token, it just means me grounding my expectations on the token with reality. We've been constantly in a downtrend, while in a bull market. If Hive does a complete reversal, great, everybody wins except the short sellers but it's currently not doing that. Even the data of active accounts on the platform from 2020 to now shows how price and user activity go together.

A life outside Hive, the other self-absorbed section of the post:

I haven't been as active as I used to here. There's a lot of fun stuff out there after touching grass. I'm working on my other social media accounts as a side project on top of offline learning. For content creators that are serious about their hobby but stagnated to just shitposting on Hive, try growing your accounts on other platforms to get a piece of reality check.

Below is the most engagement I had on X in terms of impressions and only a few likes. It's not much. There's no monetary gain from dropping that random comment, but it could probably fetch a few Hive over a small upvote.

https://twitter.com/AAdamada/status/1801767343829434700

Here's a Witch from my DeviantArt Account in contrast to the Witch on my Hive post. Seen any difference? at the time of this writing, the deviantart post only had 11 favorites/likes and earned 0. And frankly, I'm chill about it because that's a reality check.

There's a bigger world out there.

Thanks for your time.