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Over the Horizon by tarazkp

View this thread on: hive.blogpeakd.comecency.com
· @tarazkp · (edited)
$69.87
Over the Horizon
<div class="text-justify">

I was in the office at lunch with a colleague and he was talking about his crypto being up from 400 to 500, but still down 700. And as I said to him, 

>if you are willing to buy Bitcoin at 50K, you should be willing to buy three times as much at 15K.

![image.png](https://files.peakd.com/file/peakd-hive/tarazkp/245TLMb5YoX19kv3cGjm42PzDaoinEhupiKp2t2c8QcBo4Bcqn82tMRRJEp8VDMd11Waj.png)

For example, if buying 1 BTC at 45K, it will have lost 66% of its value at 15. But, if then buying 3 BTC at 15 for 45K, the total investment would be 90K, and the current value of 4 BTC would be 94K. Now, that isn't a massive gain, but it is already in a profit range and if BTC were to get to the original buy point of 45, that is a 200% gain on it and - 

>it is probably just a matter of time. 

But, it is hard to justify for most people, even though they are spending their money on other things that don't bring much value to their lives at all. 

However, a couple minutes later we were talking about career paths and having ambition, and both of us agreed that while a person doesn't have to be ambitious at their place of employment, having the ambition to improve at something is attractive. It doesn't matter what that "something" happens to be.

And, moving on from this, if we had the ability to "do what we want", neither of us would stop working, but we would both likely change the work that we would do. We would both need to be financially secure, but the difference between us is that in order for this to happen, he would need to win the lottery and, I would need my crypto stack to go 20-50x. 

>Which is more likely? 

And that is if I stop doing things now, but the more time I spend active in crypto (without losing stack), the lower the rate of return needs to be to hit those targets. Sure, there are definitely no guarantees, but the alternative I have is to work my ass off (as I am also doing) in the hope that somehow, it will be enough to save and invest small amounts consistently and get some big wins, to do more than just be able to retire comfortably at 68 years of age. 

> And that is the norm.

Even the relatively successful workers who diligently build their portfolio each month and put into their retirement fund, tend to have to work until close to their retirement age anyway, even if they are not doing anything close to what they love. Sure, it is a means to an end, but 68 is already *pretty close to the end* of a useful and enjoyable life where there is still the possibility to have ambition and improve at something. 

## *Meaningful work.*

I like my job, but it is also something that doesn't bring the most value to my life. However, it is a means to an end in many ways, as it allows me to earn to cover living costs and gives me the space and drive to do *meaningful work* on blockchains, which is at least part of where I would be, had I all the money I needed to live. 

Many people are working in a job in the hope to get to a point where they can either do nothing or work at what they want. But, I believe that what people should be doing is already working at what they want alongside their current activities. It might not be at the level desired, nor might it be anywhere near the time one would want to spend doing it, but it is something and, it can give that extra motivation and perspective to work harder, rather than the future always being some fantasy idea over the horizon. 

## *Over the Horizon*

There is always something there, but it never seems to come into view unless we take the steps to travel toward it. But, the journey can be risky and there is no certainty, so most choose to stay put, grinding away, fooling themselves into thinking that what they do matters, that it is enough for them, even though in the back of their mind they are constantly asking, 

>Is this it?

*There must be more...right....?*

Many want a career, so they then have the option to not have to work. Some want to work so they have the option to work at what they want. Doing nothing of consequence seems like a useless life to me. But few want to pay the consequences of what they do, so many do not do much outside of what is expected of them. From an investment perspective, if you are doing what everyone else is doing, there won't be much gain. But, if we don't have much, there isn't much to lose either.

*So, may as well take a swing for the horizon.*

Taraz
[ Gen1: Hive ]



</div>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tarazkp/over-the-horizon)
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 470 others
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@amandaorl ·
RE: Over the Horizon
It is important to understand how and where a vacationer plans to eat. If he does not want to find the answer to the question of what and where to eat or does not plan to leave the hotel, it is better to give preference to a hotel with the concept of "all inclusive" or "full board". [CLICK TO BOOK](https://www.westgateresorts.com/lake-buena-vista-hotels/) your ideal hotel. If he plans to visit all the cafes and restaurants in the city or if he will be away from the hotel almost all the time, then you may prefer a hotel that only prepares breakfasts.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@amandaorl/re-tarazkp-3y7qhr)
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@ayomike ·
Mmm...what great explanation of things,we all want to do something meaningful and do it till we retire but the important thing is to make money out of it
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@bozz ·
$0.29
I'm in the position where I am going to be able to retire about six years before my wife can. Maybe five. There is a good chance I won't because quite honestly, what fun would that be? Unless this crypto thing takes off, I think I will be working for quite a while yet.
πŸ‘  
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@tarazkp ·
$0.03
be able to retire 5 years earlier, work for three more years and have her retire then too ;)
πŸ‘  
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@bozz ·
That's definitely an option.
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@christianyocte ·
$0.25
Great reflection. You are not just talking about crypto here for sure. It is a life lesson that everyone should take note of. Thank you for reminding me. 
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@tarazkp ·
I rarely talk just about what I am talking about ;)
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@cryptoandcoffee ·
$0.25
This is why I am swinging so hard as there is nothing to lose going all in by doing your best. I think I have high hopes for a decent outcome and expect it to happen over the next 5 years or less to be honest. Working hard for 10 years should at least pay off with what crypto can offer and far better odds than the lottery.
πŸ‘  
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@tarazkp ·
$0.22
If things go well over the next five years, you will retire using Hive :)
πŸ‘  
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@cryptoandcoffee ·
I am kind of thinking that way already and why growing the stake and staying active is that important on a daily basis. Why I understood your post the other day trying to get a post in as skipping a day is just not allowed if you can help it. I wish others would see things similar and see the importance in what they are doing as every day counts as we are on a count down.
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@ebingo ·
$0.24
If you want to get what no one has gotten you have to do what no one is doing. I want to be one of the top people in my profession...I hope I can. I heard that's where the fulfilment is.
πŸ‘  
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@tarazkp ·
Even if never getting to the top of the mountain, climbing has its own rewards.
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@ebingo ·
Very true
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@gabrielatravels ·
$0.24
Even though everyone knows the theory when it's the best moment to buy and when to wait, it's a lot easier for some to purchase it when it's more expensive just because if they buy when it's cheaper they are afraid it won't raise its value. But we all know that the market will be up there one day and hit new records :)
πŸ‘  
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vote details (1)
@tarazkp ·
One day, we will look back and either be glad we swung for the fences, or upset we were not brave enough to even pick up the bat. 
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@heruvim1978 ·
$0.31
Yeah, just checking what I can do in February, and I decided to go beyond my capacity and have the cake and eat it. Will I be successful? I believe so.
πŸ‘  ,
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vote details (2)
@tarazkp ·
$0.08
Good luck out there!
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vote details (1)
@jfang003 ·
$0.24
RE: Over the Horizon
People tend to follow the hype and I also think it depends on the situation. If you are a trader, then it depends on the chart.

As for work, it pays the bills and that is what we require in life. That money to pay for the essentials is required.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-tarazkp-3pj8fu)
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vote details (1)
@tarazkp ·
Yep - essentials get covered by work, luxuries too if possible. but, investing something comes before luxuries. People get the order and the amounts wrong.
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@leidimarc ·
$0.24
Tremendous reflections.  The truth is that one must stop some time in this cryptocurrency business to know these strategies that you share, that when reading them one sees them fascinating and obvious, but they had not crossed our minds. 

When you talk about retirements, I always remember a group of senior citizens living the high life and enjoying their dream vacations. 

It's something I want too, and for that you have to work hard. 
πŸ‘  ,
properties (23)
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vote details (2)
@tarazkp ·
I suspect I am not going to make it to be a senior citizen, so I have to have enough to be able to enjoy earlier than that :)
properties (22)
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@leidimarc ·
May your suspicions not be true hahaha. 

And may he live long to enjoy everything he generates from his great work. 

In any case, he has to make the most of it. 
properties (22)
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@p1k4ppa10 ·
$0.25
I believe that the way to success is through commitment and sometimes off-the-beaten-path roads.

To be a good investor you need foresight and depth of thought, commitment and stubbornness but also courage.

Then if every now and then there's even a little bit of luck it doesn't suck eh eh! But you shouldn't focus on that since you can't control it.
πŸ‘  
properties (23)
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vote details (1)
@tarazkp ·
>To be a good investor you need foresight and depth of thought, commitment and stubbornness but also courage.

To be able to do, what others are unwilling to do. And yeah, there is plenty of luck involved, but one has to be able to be in the right place at the right time, *with the right resources* to take advantage. No point having the bargain of the century there for the taking, and still not enough money to buy it. 
properties (22)
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@p1k4ppa10 ·
Well, being the right man at the right time is always quite important eh eh!
properties (22)
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@relf87 ·
$0.25
Very thoughtful piece!

> From an investment perspective, if you are doing what everyone else is doing, there won't be much gain. 

Resonated with this statement and I think it became more apparent over the past few years. It pays to be contrarian in the markets but it also takes a lot of guts and conviction.
πŸ‘  
properties (23)
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vote details (1)
@tarazkp ·
It is the same for skills. If skills are easy to get and many have them, there is little value in the market place for them. Rare talent however gets paid for. 
πŸ‘  
properties (23)
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vote details (1)
@skiptvads ·
$0.25
Sometimes we just need to be brave and take the step, just be consistant and disipline on what you do best and with time you will get results, there are many things than crypto that can bring same results all depends on our effort, work smart not hard ✌️
πŸ‘  
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vote details (1)
@tarazkp ·
Working hard is working smart. If you can do something in half the time, you can do twice as much in the same time. 
properties (22)
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@urri2020 ·
$0.25
I recently read Warren Buffett's words about the miracle of compound interest. If you have a 2% increase per month, then in 20 years you will have 27 million HIVE out of 240k)
πŸ‘  
properties (23)
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vote details (1)
@tarazkp ·
$0.05
Compounding interest - compounding income streams - compounding skillsets. Do it all. 
πŸ‘  , ,
properties (23)
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vote details (3)
@videoaddiction ·
$0.25
Cryptos to go 10-50x is more likely to happen again in the future.

I saw many people in front of some lottery stores yesterday. Then, I thought that people seem to have lost their faith in becoming wealthy (not rich) in any way other than lottery.
πŸ‘  
properties (23)
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vote details (1)
@tarazkp ·
"Cross fingers and hope" seems to be what most people do in this life. So many I know over the years have shied away from crypto due to the risk, nut lost tens of thousands on useless crap. 
properties (22)
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@vlemon ·
$0.25
DCAing takes so much of the pain/stress away. You β€œjust” have to select the right asset and then DCA a fixed $amount daily! 
πŸ‘  
properties (23)
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vote details (1)
@tarazkp ·
Yep - so few actually apply it though. 
properties (22)
authortarazkp
permlinkre-vlemon-rpir5j
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@yibbiy ·
$0.44
People who FOMO at $50k may be out of money already to buy another $50k worth.  
πŸ‘  ,
properties (23)
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vote details (2)
@tarazkp ·
Yes, that is the case. But, buying 1000 at 50K and then buying a thousand more at 15K is possible for these people. I just used a round number of 1 BTC. They didn't buy 1 :)
properties (22)
authortarazkp
permlinkre-yibbiy-rpircd
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@yibbiy ·
Who knows how much debt they have πŸ˜‚
properties (22)
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