So you wanted a guide huh? An introduction to how you should invest in crypto? Get started with $LEO and $HIVE
You asked for it....
Here it is, the 'Jongo Guide to Investing'
Get your pen and paper ready, you are going to need a lot of notes with this in-depth guide I've prepared for you.
Ready?
Here it is:
Mind blowing right?
O.K., so obviously this isn't as in-depth as you may have thought. Especially coming from me, I mean, look at me....
I'm an investment guru!!!!
There's a reason I wanted to bring up dollar cost averaging again tonight, and it's because of my current life situation.
Yesterday I missed my podcast for the first time in a long time. And it struck me, my life isn't what it used to be. I have an actual j.o.b. that takes up pretty much my entire work week.
Monday to Friday, I'm at the mercy of traffic conditions, weather, late shipping, road rage, and don't forget broken down trucks every now and again....
So when I get to my laptop to check in on $HIVE and $LEO at the end of the day, I'm spent....
But my 'vision' is that these tokens and the blockchain as a whole, will be my 'future'. So instead of reading charts, trying to game the markets, you know what I do?
I buy crypto, the same amount, pretty much every day.
There's my 100 $LEO from tonight. Which I try to do each and every day. No matter what....Even when I'm dead beat and can't even bother to think about 'investing', I buy my chunk every day.
Look, here's how it works for those of us that may not be that savvy when it comes to investing.
If you believe in a project, you go in on it. And instead of trying to 'time the market', I wanna spend time 'in the market'. Meaning, I just want the tokens. Price is whatever to me....
Sure we all want this stuff to moon, but if you believe the smarter folks on this blockchain, these prices right now....Are crazy cheap.
So sure, there are a million other ways to get into crypto investing
all of which I'm sure....Are much more in depth and possibly even more profitable.
But when you believe in a project, and just want to have your stake in it....Dollar cost averaging is a no brainer for this guy!
Signing off,
Jongo the investment guru!!!!
Posted Using LeoFinance Alpha
I'm starting to think I should ignore all other crypto projects and just focus on Hive and the Hiverse.
That's literally, all I've done lol I know I've missed out of some insane opportunities, but I'm not smart enough to keep up with them all lol
can't agree more. Since the late 70's it's the most common way to accumulate wealth in tradefi.
It's just simple for some of us to understand how that works in the long run. I like simple lol
Always invest into the use case based project. And Hive fits that definition. Next is LEO, which also comes under it. I try to make sure to stick by the Hive for that reason. As long as there is a use case, we are going to see some value that would generate the cashflow. :)
That's my thinking completely. I'm sure there are fantastic projects out there, but I understand this. And I use it.
Well, I will take this and still wait for the Part 2 😅
Part 2 will be....'Repeat!'
Alright
It's probably the best time to be dollar-cost averaging. The next 6 to 8 months.
Can't stop! I'm in it to win it!
DCA does work if you have the funds to do so. I prefer to just be active and earn crypto through that.
Oh you'll be amazed at where you can dig up funds when you want to commit to it lol
Dollar Cost Averaging is probably the way to go if you have a target amount that you want to invest. Always makes me wonder if i'd rather have lower prices to accumulate more.
That's my debate with myself all the time...I want low prices to buy more, but I want high prices for the Lambos lol
If you are a long term investor that is the right way to go!
I always think long term :)
I don't have a lot of Leo I think.
Right now I am trying to complete this Fund Raiser on my blog by the end of the month for a friend that needs money for his chemo.
After that, it will be time to reevaluate some targets.
Perhaps I will push the LEO up a bit.
Oh for sure, priorities will always change for people. Always important to handle the 'life' ones first!
Indeed.
This year has been tough. A lot of our finances were effected by the deaths in the family too.
It would be nice if people around us would stop passing on. 😓
I hear you man, sorry to hear it's been a rough ride.
Thumbs up!
I like this, the Jongo one.!!!
Just do it!
Happy weekend :)
Appreciate you man, thanks for stopping by!
It's perfect. And it's investing. most people tend to mistake and mix investing and trading and those two are not the same!
My rule I like to add is "don't leave loose change on the table." Meaning even if you only have a tiny bit, it is worthwhile to invest it.
That's a great way to look at it, and bang on. Big difference!
I agree I've been dca for months now when btc was 18000$ I invested in top 20 also new project like sui blur apt and of course hive
That's awesome. Yeah when the prices dip, you are so grateful if you a DCA'ing lol
I don't buy in an uptrend and DAC only on support or resistance
DCA is a great way to build our investments in crypto projects we believe in. Many people underestimate the little amounts but it adds up quickly to become something relatively substantial.
Oh for sure, and it doesn't have to be as small, or big as the next person....Just commit to what you can afford, and see it through!
Good advice friend, well said. Now is the time to buy for the coming bull market, which peaks in late 2025 roughly. I'm also mostly all in on Hive, since I like the wallet off the exchange and I like the massive use case of tokenized social media. Now the rest of the world just need to catch up with us 😆
They will. Just a matter of time :)
Simple and functional. DCA is a perfect strategy.
This reminds me of one of your previous posts... What was your final answer to your son's question about his first investment?
ha ha ha ha ha I'm pretty sure he never continued the convo with me. lol He's at the age where his attention span is that of a goldfish lol
Dollar cost averaging is a great strategy when you believe in a project and want to invest consistently over time. It allows you to mitigate the impact of market fluctuations and potentially increase your stake in the project. It's a no-brainer for sure!
!WINE
Agreed! It's the only thing I know what to do too LOLOL
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DCA is a lesson I learned from you long ago. I don't have the funds to do it every day but I make sure to do it every week and if I happen to find myself with a little xtra fiat this is where it goes. It has helped me greatly to build my HIVE & LEO along with many other 2 layer income tokens. Buy--> Hold--> Grow! It Works!!
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I don't disagree with a dollar cost averaging strategy but caution on where and when it is applied.
#Leo is a good example where a DCA strategy can provide much higher long term gain. Once you define what the long term duration is for one's own goal and objective, then you can adjust the buying frequecy and volume as a way to leverage additional returns. In my case, Leo was one of the first Hive tokens I reviewed primarily because it has a huge following supporting their deliverables. Everybody loves it and are expecting it to go to the moon. Once I learned more about the trading data, who is trading, when and how often, including bot trading, I was able to create a reliable visual of perceived value versus actual trading data. Now I am more confident with a mix of short term and long term objectives for this token. If it starts to trade below 0.15 it may be a better buy at 0.01 No one knows for sure what will happen so a strategic DCA plan may be better than hoping for the best. !lol
WTG Jon with being able to find a balance with offline/online activities. It is most challenging but gets easier with a forward looking strategic plan.
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Damn right I do lol
I don't know any other crypto that has the use case that I want. I don't have the time to dig in elsewhere either. So I am 1000000000% focused on Hive and the related layer 2's here.
I tried the eggs in different basket approach, wasn't my thing.