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Losing loose change for maximum gain by tarazkp

View this thread on: hive.blogpeakd.comecency.com
· @tarazkp ·
$17.01
Losing loose change for maximum gain
<div class="text-justify">


What is the amount of money you can afford to invest *and lose?*

While this is going to be a very different amount for most people, I think that this is an important question to ask and have an idea of at a personal level, as it is part of building a strategy for the future.  If for example you have one million dollars to invest, your portfolio model and spread across asset classes is likely to be different than if you have ten dollars. While percentages can be considered, things like fees also have to be considered and for small amounts, most are going to be squeezed out of traditional investments due to the fees alone. 

https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/tarazkp/2dM0DSf2-IMG_20191103_154415.jpg

I think that investing *something* directly changes the mindset and makes one feel more like an owner - this in general, not just on Hive. On Hive where it is possible to earn without buying, I think that those who only earn have a somewhat different relationship with the blockchain and community, with those who buy (even a small amount) somehow taking a different approach. Perhaps there is less of the "burn it all down" mentality when things go wrong, as there is a direct cost, not the loss of a potential gain. 

This is a generalized view of things as an individual could of course understand that the loss of potential gain is a direct cost at a future point in time - or that earning HIVE through participation is owning HIVE through participation. But, there does seem to be some kind of psychological distinction made - at least for the people I have talked to about this. 

When I bought for the first time back at the start of Q4 in 2017, I very quickly recognized the difference in my own mentality. After not knowing enough earlier in the year to buy, as well as not having anything to buy with due to family health circumstances - that decision to pull the trigger on what is a relatively insignificant amount, was a turning point. For me, that amount would have hurt to lose, but it wouldn't have hurt *that much,* just a smarting pain after a hard slap, from which I would recover.

And, I did get slapped, after seeing the purchase price go 500% up and then 95% down from the high - while I held. But in that time, my energy had changed, my focus shifted, my learning increased, my understanding broadened, the relationships I built evolved and my entire outlook on my own economic future looked brighter, even though I was essentially in the same position I had always been. 

The difference I believe was that what had changed was my expanded view of possibility where things that seemed out of reach and perhaps more importantly, things I knew nothing about earlier, suddenly opened up to me. It is not that I could do anything immediately about them, but I could start building my position and mindset in a way that given the opportunity, I could make decisions and pull that trigger again and again. Small amounts here and there, pennies for most people. 

Not only that, my view of Hive and all other holdings changed also, as I started to shift my focus further into the distance and rather than constantly being wary with a mindset of always having one foot out, I decided to put both in. I think that if one was to read post one of mine to today, they would likely see this evolution of thought threaded through many of my posts, not just the ones that are specifically focused on the financial potential of crypto or Hive.

I think that mindset is pervading and crosses the boundaries of where it may have first been acquired or applied. I have written about keystone habits that have a compounding spread effect on other habits too and thought patterns are the same. think enough in one area and it starts to effect not only the thoughts about other things, but change those habits. 

One related keystone to this article for example would be building a savings schedule or at least, a mindset strong enough to consistently gather some capital, be aware of opportunity and pull the trigger when the time seems right. What I have found is that it is far easier to think one is open to pulling the trigger, than actually pulling the trigger itself, as one will always question whether this is the right time or not, whether there is a better opportunity out there, whether that capital can actually be afforded. 

Why I think we should each investigate this personally is that all of this affects us personally and is something we have some chance to influence. We might not be able to change the entire economic conditions we find ourselves in, but we can start to change the way we approach them and if enough people choose ownership over consumership, the economic conditions do change. But to do so, we have to shift our individual minds first, rather than try to change the minds of others. 

I think this is where the real investment is made, the paradigm shift is the precursor to much greater movement in the future and all it could take to put it in motion, is a little investment of what could be comfortably lost.

Taraz
[ Gen1: Hive ]


</div>

Posted Using [LeoFinance](https://leofinance.io/@tarazkp/losing-loose-change-for-maximum-gain)
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@bigtom13 ·
$0.04
I didn't buy my first Steem until Q1 2018.  Course, it was the day I got admission to the place.  I found out I could turn BTC (a teeny amount left over from a scam that I 'participated' in).  It amounted to 50 Steem.  I never once voted with delegated stake.  I didn't know how.

What I did know is that I was wildly excited about the possibility of the place and wanted some skin in the game.  I believe heavily in 'skin in the game'.  

I just went and looked to confirm what I've suspected for a while.  My account value is less than the total I have invested, and there is some serious 'acquisition through effort' included.

I hadn't looked for a month or more, because I really don't care.  I'm still excited about the potential and possibilities and want to be part of THAT.  

I put in and power up what I can.  It's the excitement, don't you know.
👍  
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@tarazkp ·
>What I did know is that I was wildly excited about the possibility of the place and wanted some skin in the game. I believe heavily in 'skin in the game'.

Where is the fun if there isn't? Is there any valuable experience that is better to watch than to take part?

>My account value is less than the total I have invested, and there is some serious 'acquisition through effort' included.

It is sobering, but at the same time exciting considering how much things can swing in crypto. 10 years, or ten days can look very different. 

>I put in and power up what I can. It's the excitement, don't you know.

I always get a little rush  - dopamine gamification :D
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@bigtom13 ·
$0.04
> It is sobering, but at the same time exciting considering how much things can swing in crypto. 10 years, or ten days can look very different.

I don't often check because for me it has value entirely unto itself.  What I have in it in Fiat plays no part.
👍  
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@tarazkp ·
!ENGAGE 15
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@buttonn ·
$0.04
Well said @tarazkp
As humans we only give value to something we put our investment into otherwise we tend to stray away.

In your last article I read
You told me not to wait till it is very big and so I started a savings plan and I'm strictly adhering to it.
The importance of investing cannot be over-preached
It's something that has to be done along side improving our mindset towards growth
I thought of the gains in the long run
👍  
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@tarazkp ·
>The importance of investing cannot be over-preached

And I think we have to keep reinforcing it in ourselves, at least until it is a strong habit.
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@tarazkp ·
!ENGAGE 15
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@creativemary ·
$0.04
I think that it is good to have a sniff of the investor mentality air. It makes you have a vision for years to come and think about expanding. Always invest money that you put aside specifically for this purpose. The kind of money you can affort to jiggle with.
👍  
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@tarazkp · (edited)
Having the habit to put something aside is the first goal. 

>The kind of money you can afford to jiggle with.

This image made me laugh - Is there a video of investment jiggling ;D
👍  
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@creativemary ·
Hahah I would love to see one, if you find one link me up😂😂
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@dickturpin ·
$0.03
<div class="pull-left">
    <center>
        <img src="https://www.cannon-linux.co.uk/wp-content/uploads/2020/09/SharingCaring.png" />
    </center>
</div>
<p>I shared this post on Twitter to try and get your work in front of more people.<br>
You can find me and follow me on Twitter if you like? https://twitter.com/dick_turpin I've also upvoted you and shared your content on Hive. Hope That Helps.</p>
<hr>
<center><em>"If you don't have enough power or Crypto to upvote me; reshare me instead. Reshares are worth their weight in gold!"</em><br />
<b>Don't forget, you can upvote peoples comments too!</b></center>
👍  
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@tarazkp ·
Thank for the share :)
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@edgarsart ·
$0.04
I noticed, that while I was earning, for example in Hive, as time goes buy, I naturally want to invest too. I guess you also have to 100 percent believe in the thing you are investing it. After all, time is the most valuable thing you can invest
👍  
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@tarazkp ·
>as time goes buy, I naturally want to invest too.

This is why people raised in families that support good financial literacy and hygiene do well - it seems so natural.
👍  
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@hivebuzz ·
Congratulations @tarazkp! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@tarazkp/replies.png?202009231439"></td><td>You got more than 57000 replies. Your next target is to reach 57500 replies.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@tarazkp) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>



**Do not miss the last post from @hivebuzz:**
<table><tr><td><a href="/hive-192847/@hivebuzz/update-for-regular-authors"><img src="https://images.hive.blog/64x128/https://i.imgur.com/Bkdl8Vk.png"></a></td><td><a href="/hive-192847/@hivebuzz/update-for-regular-authors">Update for regular authors</a></td></tr></table>
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@nancybriti ·
$0.04
There is a Venezuelan proverb that says: He who costs nothing, celebrates. I believe that there are many factors that we should take into account when investing. If I invest a million it is because I have 5 million. If I only have one million and I invest it, it is because I do not have any immediate responsibility in which I may need that million. My limited investment knowledge, but my very long knowledge of economics as a family member, makes me cautious about taking financial risks. I'm one of those who pencils in and does the math. If it took you a lot of effort to acquire something, it will surely be difficult to take that first step into the void. Although it is true that no man has become a millionaire by saving, investments require strategies and emotions of steel. A good Wednesday, @tarazkp
👍  
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@tarazkp ·
This is why the investment has to be something that can be afforded - complete loss is always an option. 

> Although it is true that no man has become a millionaire by saving, investments require strategies and emotions of steel. 

It is funny that most people seem to think that they can save their way into comfort without investing what is saved. How much does a person need to earn and save to be able to do that - how many can earn that amount?
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@tarazkp ·
!ENGAGE 15
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@poshbot ·
https://twitter.com/dick_turpin/status/1308700917341057031
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@scubahead ·
$0.10
I haven't myself finincially invested into yet but I wouldn't rule it out as my mindset is changing as things grow. I have been mostly taking a 50/50 approach and have managed to double the 50 that I removed in other crypto moves ( more luck than judgement). I agree wit you about the taking ownership mindset as it makes us all stewards of where we all want to take this. I can see the whole platform evolving as we all move forward and other things becoming more viable within it. Lets have a chat next September and see where are both at with all this then. Will be interesting to see how this has all changed by then
👍  , , , , ,
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vote details (6)
@misterengagement ·
<center>  Thank you for your engagement on this post, you have recieved <code>ENGAGE</code> tokens.</center>
properties (22)
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@tarazkp ·
Before I bought with fiat, I took some off platform and started trading - I think that I have done okay overall with it - not sure about total gain though. I have also brought a fair amount back in over time too, which I do kind of see as similar to buying with fiat - as it is a "recommitment" to the blockchain. 

>Lets have a chat next September and see where are both at with all this then. Will be interesting to see how this has all changed by then


A year can be a very long time in crypto - We might be very happy - or living under a bridge :D
properties (22)
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@scubahead ·
ok lets say feb ;)
properties (22)
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@scubahead ·
I have a feeling I'll be making a significant change around then anyway so will be interesting
properties (22)
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@tarazkp ·
!ENGAGE 20
properties (22)
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@steevc ·
$0.04
I have bought some small amounts of ST++M and HIVE. That has either been from that I allocate myself as 'pocket money' or from other crypto income such as what Coinbase gives me for watching videos. If I lose that then it is no big deal. I have still managed to get to almost orca status. I can thank Justin Sun for that as the Hive fork allowed me to sell off other tokens to invest in this platform I can believe in. The Blurt fork gives me another option to buy more.

I love that this platform allows me to use my stake to reward others. I know people who have invested serious money and this must be a difficult time for them. Any investment carries risks and crypto is riskier than most. I still believe in the potential of Hive and we have to ride out this slump.

I am suspicious of how ST++M seems to follow the HIVE price so closely when we know the platform has no real development and lost a lot of the community. I guess someone is funding that.
👍  
properties (23)
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vote details (1)
@tarazkp ·
$0.04
>The Blurt fork gives me another option to buy more.

Oh--- that reminds me ... :D I keep forgetting to sell. 

>I love that this platform allows me to use my stake to reward others.

I wonder if there is a difference in how much people enjoy upvoting others depending on how they got their stake.

>I am suspicious of how ST++M seems to follow the HIVE price so closely when we know the platform has no real development and lost a lot of the community. I guess someone is funding that.

I would say so. But, a lot of tokens are shitpiles that people will pump for profits.
👍  , , , , , , , , , , ,
properties (23)
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vote details (12)
@misterengagement ·
<center>  Thank you for your engagement on this post, you have recieved <code>ENGAGE</code> tokens.</center>
properties (22)
authormisterengagement
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@steevc ·
Looks like Blurt is not going anywhere for now, so it's not worth my time. Hive keeps me busy.

!ENGAGE 20
properties (22)
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@tarazkp ·
!ENGAGE 15
properties (22)
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