Development takes time. From the outside, it is boring and uninteresting especially when compared to the excitement of the markets.
In this video I discuss how the Internet developed in a slow methodical way also. It was nowhere near as interesting as the Dotcom bubble but was a lot more lasting. We also saw the lives of billions changed due to this development.
▶️ 3Speak
The market can stay irrational longer than you can stay sane is what I believe. Therefore I think what happens underneath about the company/crypto matters the most. If the projects succeed, the crypto will be reward and so long as it keeps up the progress, it will go up. This is why I don't care about a few months because I see the potential in the blockchain.
Posted Using LeoFinance Beta
That is so true. That's why I HODL even when the token goes down 99%
Posted Using LeoFinance Beta
Great video. I thought this would be about growing your own hive/leo stash. I'm really excited to see the development going on on hive. I was around for the beginning of the internet and witnessed its growth. I'm looking forward to watching the crypto economy grow and hope that Hive and LeoFinance achieve great things.
Posted Using LeoFinance Beta
Thanks for the video! Great thoughts on Bitcoin.
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Honestly the best thing about Hive from investing/finance side has been the airdrops. Much of my LEO was airdropped. My airdropped part of stake alone is worth close to 80% of my Hive stake. Even my Hunt Token from Steem days is worth more than my Hive stake. Hive has been an one of the greatest airdrop coins in crypto IMHO.
Posted Using LeoFinance Beta
Summary:
Taskmaster 4450 delves into the topic of bull runs in the cryptocurrency market and emphasizes the importance of slow and steady development in the industry. He discusses the inconsistencies and illogical nature of market psychology, highlighting the unpredictability of market cycles. Taskmaster 4450 compares the current state of crypto markets with the development of the internet, stressing the significance of consistent progress in decentralized applications and networks. He mentions specific projects such as Ethereum, EOS, Tron, and Hive, noting the advancements in token economics and the potential for mass adoption. Taskmaster 4450 concludes by emphasizing the need for sustained development to attract users and ultimately provide value in the cryptocurrency space.
Detailed Article:
In this video, Taskmaster 4450 explores the dynamics of bull runs in the cryptocurrency market and the importance of slow and steady development in the industry. He starts by highlighting the unpredictability and irrationality of market psychology, emphasizing the cyclical nature of market movements, such as bull runs and bear runs.
Taskmaster 4450 draws examples from the recent performance of Bitcoin, noting its significant pullback and the ensuing varied forecasts for its price. He underscores the idea that market prices do not necessarily reflect the underlying asset's true value, attributing this discrepancy to the rapid movements in the market compared to the relatively slower pace of development in businesses and commodities.
The speaker then shifts the focus to the ongoing development in the cryptocurrency space, particularly in decentralized applications and networks. He mentions specific projects like Ethereum, EOS, Tron, and Hive, acknowledging the consistent progress and advancements in token economics within the industry. Taskmaster 4450 highlights the potential for mass adoption in this space, emphasizing that real value will come from the continuous development of these projects rather than solely relying on price fluctuations.
Furthermore, Taskmaster 4450 draws parallels between the evolution of the cryptocurrency space and the growth of the internet, citing historical examples such as the dot com boom. He stresses the importance of a long-term perspective when assessing the progress of crypto networks, underscoring that sustained development is key to attracting users and creating genuine value in the ecosystem.
In conclusion, he encourages viewers to focus on the advancements and developments happening within various projects in the cryptocurrency space, highlighting the critical role of consistent progress in driving mass adoption. Taskmaster 4450 suggests that sustained development will ultimately be the factor that provides real value and transformative potential to the industry.