Influencers trying to pump their bags offloading their stake on to the uneducated retail investors as the majority of crypto has no real use case. Crypto is a game of patience and time and chasing a mystical 1000 x is not necessary to make a fortune.
How often have we seen #1000 x Gem trending on Twitter and the replies are all about shilling their shit coins. This is comical as this is why people lose money chasing somehting they have never researched.
The real projects that have value don't do the 1000 x unless they have anew partnership using the token in a real life use case. Those days are still a way off but they are coming as that is guaranteed due to the technology they have developed.
if we look at the valuation of certain projects or if we are being honest a majority of them they are already over valued for what they offer. Prices have been manipulated and the distribution of those tokens is in the hands of a few nd is top heavy.
Projects that we know so well like HIVE are so undervalued it is sickening but they will catch and surpass those that have no value when the time is right. Knowing this the long term gains are with the real projects as the 1000 x Gems are around, but not the ones that are pumped and dumped. The low liquidity projects that are easily manipulated only benefit a few so yes the 1000 X is on offer, but has huge risk attached as you could end up holding a bag of worthless tokens.
I believe the majority in Crypto miss the entire point of crypto as there is money to be made by staking and earning the APR on offer combined with compounding. there is your 1000 X Gem along with price movement. Research will find you these gems and not following others like sheep.
Patience will be rewarded for those invested in projects that are undervalued as the herd will return in force when they see the price rising. Normally this is already too late as the gains could already be over 1000 x over a period of time.
Thankfully the majority of crypto investors are what I would call "simpletons" who are not only lazy but easily manipulated driven by greed giving those who aren't an opportunity to invest and grow their bags in projects that are a dead cert to succeed in the long run.
Places like Hive are very rare as the ability to grow the stake is unlike anything else without any investment required. This is a proper gem that the investors cannot see as they have done no research on what is on offer. In a Bear market these are the places to grow as the earning potential is off the charts. The smart money is being made and not looking for pumps as there is no need to have that type of mentality along with the risk involved as there is no risk.
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
You are absolutely right, the true value of a cryptocurrency lies in its underlying technology and real-life applications, rather than in the hype and speculation surrounding it, And Hive is the best example of it. those who are holding Hive will be greatly benefited in the coming future.
Most people are trying to make a huge profit within a short time. Besides most investors are investing in shit coins just because they are manipulated by others' words. Even they don't analyze the project where they are investing. In the crypto world patience is the most important thing we need to make a profit.
You are absolutely right crypto currency is not just a name for earning, It is a whole world with its own rules and its own techniques. In the beginning everyone thinks that we will invest in group two and get rich but when they invest and do it with the mindset that they will get rich instantly, they end up losing themselves. Here every single step is more difficult to the previous one and no one understands in the beginning and always understands after the lose. As you said above "Patience will be rewarded" million dollars words these are. 👍
You are absolutely right if anyone who wants to get into Crypto should first read about it's cycles. And these people who become more sensible and say we will make a lot of money from the poor are the ones who do the most damage as far as I have seen in my life the only person who can make money in crypto is the one who Invest in a good platform. We can see that people are pouring money from them which they have no knowledge about. By the way hive this is a very good project and how long it has been running and we also know about its team.