We are seeing projects all over the place. However, with all that is happening in crypto, we are going to see enormous wealth generated. Bitcoin is still the grand daddy of them all and it is growing in value.
Hodlers will do very well according to this point of view.
.01 BTC will make you filthy rich
Posted Using LeoFinance Beta
Yes I also think anyone who HODLers will get rich. The only thing is I want to lock in my gains and have a free ride. Less worries makes life easier.
Posted Using LeoFinance Beta
We are privileged to be here, in a few years time, concern will be the least we will have in our lives.
Posted Using LeoFinance Beta
Yea we definitely will be. All this HODLing will pay off so long as we better start staking and compounding our earnings.
Posted Using LeoFinance Beta
Yes it is true, the sooner, the better.
By the way, DeFi will be a sector that will still prove to be very prosperous. The next few years will bring that about.
Posted Using LeoFinance Beta
Smart money management never goes out of style.
Posted Using LeoFinance Beta
Definitely. While I don't think BTC will ever go to zero, I like to see trades as free where my gains were already locked in. The next time I look at it, I see it's all profit and I don't have to worry about it dying one day.
Posted Using LeoFinance Beta
Couple that with the long term view and it can be highly profitable.
Too many sabotage themselves by getting out of successful ventures early.
Posted Using LeoFinance Beta
No more FOMO since your holding onto some and no disappointment when it crashes because it's a free trade. It's a win-win.
Posted Using LeoFinance Beta
Except if it keeps going up, you kick yourself for selling so soon.
If I had held I would have $X more...that mindset starts to kick in. LOL
Posted Using LeoFinance Beta
That's great to know
I've been slowly adding BTC to my portfolio and I believe it won't take long for me to get to .01 BTC! Ten years is a great fit with my retirement plan, so I guess I'm on the right track!
Posted Using LeoFinance Beta
Just one viewpoint but not exactly a novel one. Many feel that BTC will reach absurd heights.
I am not going to argue against that point of view either. It could happen.
Posted Using LeoFinance Beta
Keep stacking those sats. I buy a little every week and have it set up to continue doing so until it hits $100k. My opinion is that every dollar I get in under that number is at least a 10x, and probably a lot more. The idea is to never have to sell it. Get enough that if and when it hits $1M you can live off of the interest and hand it down to your kids.
Posted Using LeoFinance Beta
How does that balance out with your view of HIVE? Or LEO?
Do you only believe in Bitcoin and have that as your sole focus/basis or do you carry the same outlook for the others.
Posted Using LeoFinance Beta
Basically, the difference to me is I KNOW bitcoin is going to work. I am 100% convinced of what is to come and what kind of financial rewards are in store down the road. And a lot of the world either sees it already or is starting to as well. There's a reason it costs $50k to buy one BTC. I may be wrong but...I'm convinced I'm not.
With Hive and Leo, I see the potential but I still don't know. I believe very strongly in the platform and the concept, enough that I have invested a considerable amount of time (and money) learning how to navigate in uncomfortable waters with wLEO and liquidity pools and connecting wallets and transferring assets, etc. This place still has a fairly steep learning curve and not a lot of places to get answers until you actually connect with a "veteran" who will take the time to answer some direct questions. Most of which you feel stupid asking, by the way. So not only do you need some intelligence to figure things out, but you also need some courage to seek out people who can give you answers. amr008 was nice enough to help me. Bitcoin is easy. You can buy it in a hundred different places and you never have to think about it again.
I love what Leo is doing and it feels even better to be able to contribute but, as with Bitcoin, there's a reason it's priced where its priced. While I might see the future and it's potential, there's very few others in the world that do yet. As you've said repeatedly, we need an easy way to onboard new users. The tokens have to be diversified out into many more hands. Once that begins to happen, the whole picture becomes possible. But until that happens, it's still a closed ecosystem.
I keep going back to what someone said about "Mr Wonderful" buying bitcoin at $50k when he wouldn't touch it at $3k. People end up buying Bitcoin at the price they deserve to buy Bitcoin at. With Hive and Leo, I'm in with a chunk now and I'm adding to it. As the price goes higher and more things come online, I have no problem paying more for it as it's potential starts to bear fruit. And depending on how things develop, I may very well end up doing the same thing I am with Bitcoin; buying a little every week until it reaches a certain target and then just hodling. You also have to remember, I've been "back" on Hive for a grand total of three weeks. Still learning.... :-)
That's a very long-winded way of saying, yes, at this point, I only believe in Bitcoin. Ethereum I still have doubts about. And of the next generation, the only one I'm really starting to believe in as a very long-term hold is LINK. I have some small speculative stuff but other than that, Hive/Leo is my second biggest position behind BTC. I've been using the small stuff to add to my BTC but I've actually been siphoning a little off for here as well. I believe in the vision. Now we just have to implement it.
Posted Using LeoFinance Beta
I see the difference between Bitcoin and Hive/Leo in the risk. Bitcoin is certainly more of a guarantee at this point. It already went through its period of uncertainty and withstood the test. Hive and Leo might have more potential in terms of x multiple but they are no where near as certain.
That said, with each passing day, we see that lessening even if by a miniscule amount. Each day, more is added that helps the ecosystem.
People do not realize there are people who will not buy things when very cheap because they are not total risk takers or speculators. They are not willing to invest until an asset (class) proves itself. They are willing to wait on the sidelines while things run up, awaiting the "proof" that it is legitimate for the purposes proposed.
What are your concerns about Ethereum?
What are your thoughts on Cardano?
Posted Using LeoFinance Beta
Most definitely. The potential multipliers are way higher which is why you don't risk as much. 100-500x is not out of the question for Leo down the road. If the development teams hits a homerun with these first launches then, seriously, the sky is the limit.
Ethereum is standing still while all of this innovation is going on around them. There are faster, cheaper, better alternatives already. Their ecosystems aren't as robust obviously, but they're already there. And more continue to come at a rapid pace. The new ones can all do Ethereum better than Ethereum can. I just think they might end up getting out-tech'd. They were the innovator and have first-mover advantage, but like some of the early internet companies, I think they're in seriously danger of becoming, while not obsolete, a slow, clunky organism that serves its purpose but eventually kind of tops out on its potential. In a way, I see it as a Hive. Hive is an outstanding, fundamental cog in the ecosystem being created on top of it. But all of the "value" seems to be being built on top of it, without really sharing any of that value with Hive as a whole. Yes, there are a lot of synergies and the "sizzle" (like Leo) will bring eyeballs to the entire platform but what real value do they bring to the Hive token? It will be utilized in the trading engine and it obviously has the voting power but it's also inflationary without having much of the sizzle on its own. Just my opinion. Again, remember I've only been back three weeks so I'm still wrapping my brain around all the different dynamics at play here.
As far as Cardano, the tokenomics turned me off of that one right from the beginning. 45 billion coins with only 32 billion in circulation. That's a LOT of potential new coins coming on the market. Plus, there are bags and bags of the stuff out there waiting to sell at old highs. I'm sure it will do fine if they've got the tech figured out but...meh...just doesn't do anything for me. If and when it does manage to break out from 2017 highs, I might jump in for a trade but...I'd rather put my money in Leo or BTC. I mean, seriously, $1T mkt cap on ADA is $22. That's less than a 20x from here. The same 20x is BTC at $1M. Much rather risk my money there...
Posted Using LeoFinance Beta
Interesting that you bring up out ethereuming Ethereum.
There is a post that went up a while ago that adds another potential side chain doing what Ethereum does...Hive.
https://peakd.com/hive-dev/@klye/the-hiveloans-idea-implementing-a-true-solidity-smart-contract-capable-evm-side-chain-to-hive-and-the-future-decentralization-o
As for the utility of Hive, we cannot underestimate the need for Resource Credits. I think you get 50K active people on the chain and you will have a scramble for HP. Applications are going to have to get a hold of it so as to have it for their users. This is something that is unavoidable.
Thanks for your views on Cardano. It is always interesting when there is a big stake out there (like the founder's stake) that can be dumped.
It will be fascinating to watch Hoskinson to see what he does. Brilliant guy so he can create some great stuff. The tokenomics might be bad as you said.
Posted Using LeoFinance Beta
I am beginning to see clearly that it is not to late to start, it's just getting to make use of the opportunities that matters most
Posted Using LeoFinance Beta
Yes, it is DEFINITELY not too late to start. In fact, if you are getting involved in crypto now you are very early in the game. Very early. 99% of the world still doesn't really know what's going on in this space but more are hearing about it every day. Now is actually the perfect time to get started.
Posted Using LeoFinance Beta
More than 5 billion people on the Internet yet only 100 million involved in crypto according to surveys.
This shows how the masses are not even aware of what is taking place here. To me, that is the epitome of early adopter.
With percentages like that, how can anyone believe that we are too late in this game.
Posted Using LeoFinance Beta
I feel lucky and thankful for a good friend who introduced me. I can't wait to start seeing the result of early engagement all around me
Posted Using LeoFinance Beta
For cryptography and especially for BTC, it is never too late to start.
Posted Using LeoFinance Beta
Yes, it's just that for some of us, we need to start with our capacity level.
Don't invest what you can't afford to loose
Posted Using LeoFinance Beta
The same rule goes for gambling, this way it doesn't hurt so bad when you give it to the house. I gamble a lot less now that I'm older. Money is to hard to come by to lose it that way anymore.
Posted Using LeoFinance Beta
Yes of course. I cannot compare myself with a whale in BTC to enter certain investments. We must always know what are the next steps to be taken.
This rule that you are the pure truth but that many do not follow.
Posted Using LeoFinance Beta
There will always be opportunities so don't be sad you missed out. Just learn from the experience so the next one doesn't pass you by.
Posted Using LeoFinance Beta
Sure, I still consider myself lucky.
It's all left to me now to partake full in the crypto rewards.
Posted Using LeoFinance Beta
This is up to a point where it makes us reflect on it because it is the pure truth. I've thought about it a few times and for those who think about the long term with BTC, it's never too late to enter.
If someone intends to leave at least 0.01 BTC as you suggest and let time do his part, in the future it will make a lot of money.
I'm not going very far, at Hive we are having more and more projects being launched and the opportunity to obtain wealth in each one of them can be great if we think about the long term and of course, I mean serious projects.
Posted Using LeoFinance Beta
I still feel that Hive has tremendous opportunity. We are going to see a lot of money generated on this blockchain. With the development taking place, it is only a matter of time before the network effect really kicks off in a big way.
Posted Using LeoFinance Beta
Yes of course, HIVE has a lot of potential and how many times have we said this here? In the next few days you will complete 1 year of life and the way things are being done and developed, the next few years will be generous with HIVE and we will see its potential being really observed.
Posted Using LeoFinance Beta
I agree. Hive and Leo could be "launching pads" and/or "incubators" of many new projects over the coming years. By hodling one or both of them, not only will you be able to increase your stake over time, but you'll also be able to see what's going on in the other communities and participate at very early levels. It could end up being the gift that never stops giving. Pretty exciting.
Posted Using LeoFinance Beta
Holding LEO will see more tokens dropped into the wallets just like we are going to see very soon with CUB. How much all of it worth is still uncertain but we are going to get a lot more wealth built upon these platforms.
Posted Using LeoFinance Beta
That's the idea. The more capital locked in here, the more the entire ecosystem can benefit with just minor shifts of that capital.
Posted Using LeoFinance Beta
For now we will be stacking LEO and then analyzing how much the tokens will be worth. The important thing is to accumulate :)
Posted Using LeoFinance Beta
It is really exciting, Hive has many forms of opportunities for us. The trend is to increase the number of projects and communities more and more. The coming years will be incredible.
Posted Using LeoFinance Beta
Soon, 10k HIVE, 10k LEO, 10k CUB would make me big time rich.
Posted Using LeoFinance Beta