I completely agree with Bitocoin no longer being the people's money. I might take off half of my position when prices are high enough and consider it as a free trade (booked my profits). My biggest problem is that there are too many crypto currencies so we do not know which will survive or die so investing in any is a gamble. However, I love the fact that people can earn money without relying on traditional methods and sometimes all you need is time to earn crypto.
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Very difficult proposition. It takes becoming a venture capitalist in mindset. What project have what it takes to succeed? Is the timing right? The capital there? The know how?
All this can cause failure even if it isnt an exit scam.
As for BTC, I am going to ride the big boys, since I frontran them, to much higher levels. Then I will have the resources for a lot of other things.
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True, but we need a sustainable environment for the crypto. If you don't look at the crypto critically and they are not progressing towards their goal, then it is the same as investing in a declining company. There have many different crypto currencies created and many have overlapping ideas. If I see more potential in one over another, then people easily jump ship. Ultimately the price of a crypto and the success of the block chain comes down to the confidence of it's holders.
I have faith in the things being developed in HIVE and am looking at things in a long term point of view. This is why goals are important. It is fine if there are delays but if there are no valid reasons, then something is wrong. When something is wrong, it is up to the users to ultimately decide whether or not they have faith. Having blind faith is not a solution in my opinion.
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That is why I said the VC mindset. There are going to be losers and we arent going to be right with everything. Yes it comes down to the confidence of the token holders which is why I like those projects that communicate and update. When there is little noticeable happening from the outside, then we see confidence quickly wane.
Leofinance excelled on this end from the start which is why I went in heavily.
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I agree. Leofinance is very open about the development and what goes on. I wasn't here during the beginning so I don't know about how it was then. But I like the current system and goals for the community.
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It was similar back then to what it is now. Khal's approach has not changed throughout the last couple years.
That is why it has been able to build a solid foundation.
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It’s crazy to think that billionaires are paying $40,000 for something I paid $200 for... and to think, maybe I will liquidate a bit when nation states and G20 countries start to load up.
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"Very difficult proposition. It takes becoming a venture capitalist in mindset. What project have what it takes to succeed? Is the timing right? The capital there? The know how?"
This is why I ride for HIVE. I thought it was a good idea when it was Steem, but it never felt like it was trying to go anywhere. Since the fork to HIVE this community and space have been buzzing (punned you right to your face 🤣) and growing at neck-break speeds. All the devs are tearing it up and the energy is exuberant. I’m hoping for a serious break out this year. I was expecting a bump and more slow burn until the $GME/Robinhood bs, but now everyone is running to DeFi and snatching up everything that doesn’t stink of Wall Street. It’s a very exciting time.