VeChain was trending on Twitter earlier which is always a worry when you haven't achieved your investment targets. I tend to check on the VeChain stats page weekly just to make sure nothing drastic has happened. The VTHO burn rate will be the first indicator that something has happened letting you know the transaction count on the blockchain is up or down. They are still doing around 20 000 transactions daily and that figure needs to 100 x before we see proper adoption. The constant worry is I will see 50K transactions daily before I have started investing properly.
Every time I check I have this sinking feeling in my stomach as I know it will happen and is only a matter of time. The crypto reality is you cannot be invested in every project you find as it is just too costly. If you spread yourself too thin then you will not benefit how you should have if you had planned your strategy better.
If someone has a portfolio of 50 crypto projects and in each project has $100 invested they would be far better off having 5 projects with $1000 invested and using that as their starting point. This is my view anyway and what I am trying to stick too without being distracted along the way.
My one investment is nearly 80% complete even though it has taken nearly 2 years to complete which then allows me to move onto the next selection. VeChain is the next one in line and should take around 18 months to complete which should be the perfect timing as I expect it to take off in 2025 and not before.
You can never be to sure of the timings and why I do get concerned when I see VeChain trending. I have researched the project and continuously do so on a regular basis just to make 100% sure so as not to miss out. The stake I currently have is around 15% of my initial target and knowing once I get started that target will most likely be adjusted up by another 100% doubling the goal.
Being on Hive for over 5 years has taught me to aim higher than what you would normally think as growth happens through the compounding of rewards daily. Long term thinking is the key as my overall plan is to have 3 large Crypto investments by the start of 2025 and to continue finding others to add to the portfolio. Sticking to this type of growth plan takes discipline as it is easy to get distracted which would risk achieving nothing substantial.
The more of less than less of more is the approach I have chosen as when I first started out in crypto I had around 20 small investments. This is fine for trading, but when you are staking and growing long term this will hold your growth back.
VET or VeChain is ridiculously priced at 1.6 cents currently which is music to my ears if it can just stay down for another 6 months or so. The ATH was 28c 26 months ago and so much has changed since then so I expect it to achieve far higher prices in the future which would be a minimum of 18 x from here. The beauty about this is the VTHO gas token you receive daily for staking and expect that to be the game changer as that is currently $0.0009c each and is possibly the hidden gem in this investment as it is nearly 50 x. Again this is not financial advice and my own opinions so please do your own research as this is the fun part of crypto understanding what projects have to offer and if they have or have no real use cases.
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I will have to figure something out. I think VET is only available for me on Crypto.com and I saw the other day that crypto.com is suspending institutional business in the US. It could be a matter of time before consumers aren't able to use the platform either.
It definitely sucks basically leaving Hive the only place you can really do anything. Grow your hive bags until this blows over.
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Hive and BTC. It seems they don't plan to touch that, but getting in and out can still be a problem.
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100% right as it is like a bonus payment we all receive. They have different categories of stake where the VTHO increases on certain levels and actually need to look into that next.
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So VTHO earning is something like "our staked HBD" with 20% APR??
I just met the people from VET at the Web3Berlin Event.