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Staking Psychology
Manage episode 378406585 series 3448147
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It is easy to not understand why a person would choose to stake a cryptocurrency for years. HEX is a time monetization system that rewards delayed gratification by rewarding time in the system. Certain mindsets and perspectives are common among those who chose to stake HEX in order to mine more HEX. These perspectives are different from traders, holders of various coins, and even from those who hold HEX without staking it. This episode discusses some of the psychology common to stakers when they first begin, and later on after they have studied the system in which they participate.
This podcast promotes financial literacy and cryptocurrency literacy because I believe this knowledge can make the difference in ensuring our financial and personal freedom. Let us learn and teach financial and personal freedom in order to blaze a path away from the hamster wheel.
This podcast is not financial advice or trading advice. Enjoy!
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