The Ability to Hold Long Term is the Ultimate Flex

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Is your asset worth holding? This is a question that not many of us ask as we scream 'HODL' at the top of our lungs during the bears. It is one thing to hold on to an asset, but another to really put faith in what you are holding on to.

I have a friend that sold his meme coin assets (shiba) some months ago after watching it decline with no indication of a recovery anytime soon. While there may be some hope of a rebound in the near future, relying on Elon Musk to chart the destiny of your asset does not inspire confidence in the asset itself.

Not all coins are worth it, and it is why trading is so popular. The entire space sometime feels like a madhouse with the nature of coins on display, and you really can't blame those who are overtly cautious about the chain. I mean you try explaining how a token goes from a couple of hundreds of dollars to dead in a the blink of an eye.

Going about during the bears unbothered by a drop in value is not an easy thing to do. I mean what exactly is there to hold on to in a situation where an asset loses 90% of its value? We saw the scramble to pull funds out during the Terra Luna crash and I wonder how things will if if Hive experiences a similar decline.

Except, we already have experienced a similar decline with Hive, haven't we? Going all the way down to 11 cents was no joke and was the ultimate test of the potential of this place. I doubt we'd ever dip so badly again but you just never know when it comes to crypto. How was the reaction then though, and has anything changed?

Yes a ton of people did pull their funds out during that period and some completely gave up on the chain. Yet, there were those who stuck around, grinding daily and believing in the fundamentals of the project. I have no words to describe how much we owe those set of people, especially the devs for continually grinding it out and bigger accounts who stuck around to help smaller accounts grow during the period.

Many people choose to stay because they believed in a project that promised more than just price fluctuations. I'll always sing the utility song when it comes to crypto because looking at prices go up and down and claiming to invest in blockchain technology simply doesn't count. I personally don't pay too much attention to Hive's value these days (I haven't even checked deliberately in a few days) , even though I keep coming across the value somehow. That in itself is a big flex.

Conclusion

Those who know where they are going keep going. Only those who have no destination are easily pulled aside when the going gets tough.

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9 comments
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I was just commenting on someone else's post the power of hodling and being active on Hive and Leo when the market is down.

Less competition and the rewards add up without you really noticing, the farmers get thin, cause they are only in it for the quick sell.

Eventually a new pump comes along and suddenly the account value is shockingly high!

Love the conclusion about knowing where you are going. I've been re-evaluating a lot of my life plan lately, so need to do a new "map".

Always enjoy your POV.

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Am also doing a bit of soul searching and re-evaluations...think it needs to be done consistently enough so we don't find ourselves totally off-track one day. Thank you for your support, always...

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I don't think we won't be having relicks surviving this bear market into the next bull phase, but the thing is to know how to pick smart and prepare for the next bull market.

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Hive will always bounce back as it has a proper community so there are no worries with that. Destination is to never leave as this train doesn't stop.

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Nicely put. I don't think many consider Hive as a lifetime investment but that is simply what it can become

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I see no need to leave as it should just keep on giving even if you are less active. This is where the stake value really comes into it's own.

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Holding a coin have it way of rewarding us at the end. But before we started this journey of holding a coin we must consider if it worth or not

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