We Are Going To Have To Be Patient

in Threespeak3 years ago

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How well would the development of the Internet have fared if it was constantly operating under a mark-to-market scenario? We are seeing that take place in crypto and blockchain since each day, people look at price as the barometer for what is taking place.

It seems people do not grasp how all of this shakes out or what is involved in development. If a project is a week late with something, people act like its the end of the world.

We are still very early in this game and people need to be patient. The projects that will truly make a difference will do so because of what is built. Some of the high flyers of today will be gone in 5 years (or even less).


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Take your time and get it right. It is much worse to get something out in a hurry and have it screwed up. Especially something that has to do with money. Just let us know wen Kingdoms is coming!

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It's due to the financial situation the world is going through, everyone things money will solve the problem but the truth is we are our own problem

That is very true.

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I do agree that the delays are disappointing but I don't think it changes the trajectory projects are heading. If they have something worth it in the future, I don't think its a bad idea to give them some more time since not everything comes out according to plan.

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It is true with all projects. Development takes time and can result in delays.

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If a project is ( or will be) a year late ( looking at project blank ) can we act like it's the end of the world :P ?

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It is something we should probably start now. Why wait?

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It is normal for a project to be delayed, since not everything goes perfectly right the first time. There will be obstacles, failures, mistakes and successes on the way, it is like in life not everything goes as planned, and there is no way to race against time, it is the walk that makes the whole project worthwhile, a shame that many don’t understand.

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Time will tell us how patient we gace to be. I think sometimes that I'm too late, and sometimes that I'm early in the crypto scene. I hopr that I'm a early bird.

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Summary:
In this video, the speaker discusses the importance of understanding the developmental process and timeline of projects in the cryptocurrency space. He emphasizes that cryptocurrency and blockchain are relatively new technologies, with most projects being less than five years old. He highlights the need for patience and a long-term perspective in assessing the value of projects, emphasizing that markets are often wrong and that immediate results should not be expected. The speaker uses examples such as Bitcoin and Ethereum, illustrating the success of hodlers who weathered market volatility and delays. He cautions against short-sightedness and the desire for quick gains, suggesting that success in the crypto space requires a deep understanding of project development and a willingness to wait for results.

Detailed Article:
The speaker, in this video, delves into the theme of understanding the developmental process and timeline of projects in the cryptocurrency ecosystem. He begins by addressing the increasing negativity and impatience among individuals, often fueled by a lack of comprehension about the nuances of the industry. He points out that cryptocurrency and blockchain technologies are still in their early stages, with Bitcoin being only 12 years old and most other projects having emerged within the last five years. The speaker underscores the novelty of smart contract technology, which he notes is around six years old, emphasizing the relatively short lifespan of many projects in the space, such as Hive, which is around 14 months old.

Throughout the video, the speaker stresses the necessity for time and effort in building successful ventures in the crypto realm. He draws parallels to established entities like Facebook, which took several years before going public, to highlight the importance of allowing projects to mature and develop over time. The speaker warns against comparing cryptocurrency pricing to traditional markets, noting the volatility and market inefficiencies in crypto. He urges viewers to refrain from hasty judgments based on daily market movements, as markets often misprice assets and may not accurately reflect a project's true value.

Using examples like Bitcoin and Ethereum, the speaker illustrates the benefits of long-term holding and patience in the face of market fluctuations and delays in project updates. He highlights the resilience of Bitcoin hodlers who navigated bear markets and challenges, ultimately reaping significant rewards. The speaker emphasizes the need for a deep understanding of project fundamentals, as well as the developmental process, to make informed investment decisions in the crypto space. He argues that success in cryptocurrency investing requires a long-term perspective and a willingness to weather market uncertainty and delays in project updates.

In conclusion, the speaker encourages viewers to adopt a patient and informed approach to cryptocurrency investing, emphasizing the importance of understanding project timelines, market dynamics, and the inherent volatility of the space. He cautions against short-sightedness and impulsive reactions to market movements, advocating for a strategic and long-term investment mindset in navigating the evolving crypto landscape.

Absolutely. Just like Tesla. Of course, those with lack of foresight got crushed on that one.

Did you get into it and make yourself bank>

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