Patience Is all It Takes
Crypto is a bit like a remote bus stop as you know it will arrive, but not quite sure when.
@bozz mentioned in one of his comments that when are things in Crypto going to mature as 3 years will most likely turn into another 3 years after that. Possibly this may happen as who knows what really lies ahead in our Crypto journey. We are still so early which in some ways makes us question will it ever happen. Patience has to be the key to what we are all doing as the values are already here and just need to be unlocked when the time is ready. Crypto somehow always makes you question and there are no easy answers.
Wealth is built over time and is not instantaneous like we would all hope so doing the grind is what is going to pay off long term. In many ways this is actually a good thing as it gives everyone time to accumulate and be worth far more long term. How much more we don't know as that is the unknown and exciting part.
A good sign is to see developments ongoing as value is being added no matter what part of the Crypto cycle we are in. If your investment has had no updates in the last 6-12 months I would be asking questions as all my invested projects have been busy.
We just have to look around on Hive to get a clear indication of how much is really going on to give a health indicator of sorts. The @leofinance tribe with threads was the latest development to hit which is not a small addition either. Ragnarok in the pipeline along with the GenesisMLS football game which should make a huge difference in the number of new users signing up. All of these developments are adding new layers of value to the blockchain as nothing should ever stand still.
My other Crypto Project I am in fairly deep is COTI who have recently launched their Multidag2.0 which allows the Trustchain to mint new tokens for the up coming launches of various Enterprise/business tokens. This is very big in the scheme of things adding value to the funds this will generate.
Patience and building can take years to fulfil which is what we ultimately all want to see. This is why being involved through staking earning the APR on offer thus growing ones stake is very important.
I think it is hard sometimes to keep the faith as how often have we heard another 3 years from now or the next cycle things will change. The answer should lie not necessarily in the portfolio value you hold, but the number of tokens in each project. Traders win and lose trades but as investors we should always be winning as the APR along with compounding is our secret weapon.
I have only been investing outside of Hive for the last year or so and those projects are starting to fly with what is being earned daily. The only answer is you have more stake than you had yesterday and at some point this has to reflect in $$ values. Patience along with more patience will see the goals being reached and why time frames go out the window.
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While I don't disagree with you, I think at some point you have to be realistic and say enough is enough! Sure, things take time to develop, but what is reasonable? Three years? Six Years? Ten Years? Heck, I'll be bed ridden by then! Of course I realize everything will come in its due time, but people just need to stop speculating. I don't think it is good for any of us.
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Fair point as we have to start living at some point. I am going to see where we are in the next 3-4 years before I make any decisions and hopefully by then whatever I am earning can be life changing.
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I don't really plan on doing anything different but eventually I might get to a point where I really start asking myself if all the extra energy and fanaticism have been worth it.
Well said and something I think about a lot.
My ultimate goal is to have enough of a base to simply skim a 'salary' off the top without ever having to sell the base.
But I don't know what 'enough' is yet.
Eventually I'm going to have to start say skimming 50% of my earnings as withdrawals, while continuing to stack the remaining 50%.
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Yeah, finding that magic number can be hard. Especially with inflation as rampant as it is. Plus, in this retirement time you want to kick back and live a little. Travel and stuff like that. It requires potentially more than you were pulling in on a regular basis while employed. 50 percent is a decent amount to be investing back into your stash.