Four Investments That Will Make You Rich
Let us has a bit of fun.
In this article I am going to discuss my list of 4 investments that will lead to riches. Obviously, there are a lot more than four things people can invest in. However, for me, this list is the core of what I feel will take my holdings to great heights.
The purpose of this article is two-fold. Naturally, the first is to convey what I believe are some good long-term holdings. Perhaps now is a great time to put in the proverbial, this is not financial advice. Remember, I am just a bald dude with sunglasses on the Internet.
A second reason is to hear what everyone thinks. You can put your 4 in the comment section below. It would be great to follow up with a post further explaining why you feel this way.
With that said, let us start on my list.
It is best to say, this is in no particular order. You do not have to limit it to just crypto. It can include equities, commodities, or your belief that Cabbage Patch Kids will make a comeback.
Source
Tesla
In my mind, this is going to be at least a $10 trillion company. We are looking at a company that is run by the guy who I believe is quite frankly the smartest person in the room, no matter what room he is in. Elon Musk might not be thought of highly in the crypto world yet he is doing some magical things.
Most view Tesla as an automobile company since that is where it derives most of it revenues presently. However, I take the view that it is a technology company, hence able to pull out profit margins more in line with Apple as compared to Ford. This is going to give the company plenty of cash to keep expanding at a rate which will make the competition envious.
Tesla is seeking to remake the transportation industry. Not only is it leading the charge into electric but also autonomous. The latter is still in question yet with the introduction, probably later this year, of an exascale AI computer, it will certainly put Tesla at the forefront.
We also have to keep in mind it is targeting an industry that is 10X the automobile market. That is the energy sector. Here again, we see ideas percolating that might have Tesla at the same point with energy as it is with cars. Look for that to be reached as we near 2030.
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Bitcoin
Will it be a unit of exchange? Or is Bitcoin destined to be a store of value? Will it end up being a standard of collateralization?
In the end, it really doesn't matter. What we know is that major financial players are going to get involved, thus likely driving the price much higher. This will be coupled with the entry of central banks and sovereign wealth funds. All are going to want a piece of the action here.
Bitcoin is something I feel every portfolio should have. No matter how much, or little, you might own, get yourself some Bitcoin. In fact, when people ask me where to start in crypto, my answer is always the same: buy a bit of Bitcoin.
The reason is simple: while the alpha might not be there compared to other tokens, it is the safest choice. There are 100X tokens out there, something I am not sure Bitcoin can do from here. However, I feel a 4X-10X on Bitcoin is a given. Depending upon the FOMO that eventually kicks in, and we could see even bigger numbers.
Is it possible for Bitcoin to hit $1M each? I don't know although I am not going to argue against it. Personally, I feel the first target level people should be looking at, long-term, is the market cap of gold. Bitcoin should ascend to that level.
This is one that is, to me, a no-brainer when it comes to wealth building.
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HIVE
Some call me a Hive maximalist. That is not the case. There are plenty of blockchains out there which are going to be successful. After all, even from a transaction point of view, we are going to need all the bandwidth we can get. For that reason, there are going to be a lot of winners.
Hive is where I choose to make my home. That said, I am also very optimistic about what is taking place. This leads me to believe there is a lot of alpha (upside multiple) with Hive. We see a great deal of development and have some advantages over other chains. The recent focus upon HBD is also something that can really help the future of this entire ecosystem.
This is not a hype machine. Do not expect it to run on nothing. HIVE is going to increase based upon the value that is generated on here. It is the slow approach yet one that is sustainable. We are under the radar right now, something that will not always be the case.
Hive, like many of these blockchains, is a complex system. It takes time for the different pieces to fill it. That is where a great deal of activity, by many different people, over a long period of time can pay off.
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LEO
Here is another no-brainer to me. I am very optimistic about LEO for many of the same reasons as HIVE.
We see a lot of development taking place. There is a strong community forming that is willing to keep all facets growing and expanding. This is backed by a development team that is working, simultaneously, on a number of applications. We are all excited about the prospect of #ProjectBlank, an app that might take the crown as "Killer DApp".
LEO is another long-term play (as are all the choices here). The question is not where are things now but, rather, where will be in 5-10 years. That is where we see "life-changing" money come from.
Building value is essential for future price action. The key to Leo's success is going to be the onboarding of users. Here again, we see an ecosystem that is appears to be going in many different directions. Personally, I view this as building a lot of onramps, some not heavily used, other full of traffic. Recent initiatives are expanding the tentacles, providing a nice feeder system.
Of course, all of this helps the abovementioned choice of HIVE. These are not operating in a vacuum.
So there you have it. These are my 4 choices of holding that, if there is decent stake, will make someone rich over the long-term.
Now we want to hear from you. What are your 4 assets that you feel are imperative to building wealth?
Let us know in the comment section below. Also, if you want, follow this outline and do your own post explaining your choices.
If you found this article informative, please give an upvote and rehive.
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Mine are
$BITCOIN
$DOT
$HIVE
$FTX
FTX is a very interesting one. That is making great strides and getting a lot of attention for crypto.
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Honestly I see this as a very good pick by you, especially with the level at which Leo is going this year, their is no doubt that it has a better way of changing someone life.
Hive current price does not really Means anything all, imagine the high level of rewards that comes with staking of hive,so I completely see this as a financial advise
Your pick are right definitely and it is not a bad choice too at all mate
You are right when hive surpassed 3$ when you ask anyone what do you wish?
he will answer "I wish that I have bought from one dollar" now it is the opportunity
Less than $1, an even better buying opportunity.
Of course, not the answer is what if it goes to 50 cents?
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Idk about LEO... I would have thought a NFT market would have made the list
The challenge with that is it tells us nothing. That is like saying the stock market is going to make us a lot of money.
Certainly people can be optimistic about NFTs and feel that is a basis of their wealth. But what ones and where?
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The only one specifically that I know about is OpenSea
I dont pay close enough attention to the NFT world. But I do know people are going to make a ton of money off it over time.
We will see how that sector unfolds. It will be interesting to watch. The early winners might not be in the game late.
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I was going to say I think ETH will do well over 5 years, too, but got sidetracked and now I want to say...
What if BTC and ETH get all eaten up by Wall street, only to discover satoshi laid a trap, and now we have them all in one place in the middle of the VAST hostile environment we've been building up around them while they were gobbling it all up...
THAT my friend is the "pig in the ground" I want to attend.
Certainly ETH is one I view will do very well over the next few years. That is one that many will have on their list I am sure.
Bitcoin definitely. Ethereum does have some inflation although they are trying to burn it all away. I do see the day though when Wall Street controls Ethereum. They are going to suck up a lot of it.
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I'd like to hold some but I hate it so much.
Hive really has spoiled me completely rotten. I have a few wallets with a little ETH dust, but I just can't seem to hold on to it since I only buy it when I need it and generally use what I need, and need it so rarely, because I HATE IT SO MUCH and use almost anything else to avoid it.
But this is a classic case of do as I say not as I do... everyone should probably hold a little ETH.... 😁
With ETH, my view is simple: it is going to become the chain the bankers use.
To them, transaction fees mean little. Paying $100 when moving millions is an insignificant amount. That is why I HODL a bit. Mind you it is far from my biggest position.
Sometimes personal feelings can work against us. We need to invest based upon what is taking place, with less emphasis on how we feel about it.
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I agree with that list and all those items are also among my top picks
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I have to say that my list is fairly similar but I guess I don't really have any Tesla. I just can't seem to get myself to buy in at the current prices.
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Entry points are always an issue, although outside the scope of the article. What are the four that one feels will lead to big wealth?
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I agree with most of your post. I am not so sure only about Tesla, not because I don't believe in the company and that it will grow even more, but I am a little bit skeptical about Electric cars. They are sponsored as the future since they are "green energy", but this is not actually true. The real problem with electric cars is that the batteries cannot be disposed of. Of course this is right now, I have heard that a lot of companies are trying to find solutions to this problem. But this can actually become an even bigger issue than pollution due to actual engines. For this reason, I am not sure that electric is the future.
Hydrogen seems like a really great alternative, but the technology is still in early stages, although they are making really great improvements.
Of course, this is considering that Tesla will stay only electric, but Elon is not the type to be caught off guard, so I am sure he already is thinking about a solution.
That could be true.
I would simply state that when all manufacturers area building them, they are the future since all manufacturers are going to be building them.
Whether anyone agrees or not, if that is what is on the market, that is what we will have to buy.
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That can change if for whatever reason EVs become an issue. Not in the immediate future, but no trend goes forever.
That is true.
But when the point is reached where a couple hundred billion is poured in, it kind of makes it difficult to reverse the trend.
GM alone, by their own numbers, is going to invest $35 billion over the next 5 years. Ford another $20 billion. Toyota and Honda? Who knows how much. Then we add in all the development that Tesla, VW, and the battery manufacturers are doing, and I think it safe to say, this is the direction they chose and automobile trends do not change quickly.
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You are also right. And even if issues will be discovered, at the amounts you are talking about it would be quite easy to control the narrative as well.
Yeah on that I totally agree, we have to buy what is on the market... History of mankind is full of decisions taken in the interest of a few people over the majority, sadly...
It seems to be the norm. The consumer is always right except if he or she has no other choice.
You can have a car in any color as long as it is black.
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Damn...I got 3 out of the 4.
I always knew I am doing smth right. 😀
What one would you add to the list.
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These investment are probably the best investment of our time, I’m happy to be part two and with time I can be part of it all
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Having even two, if in decent volumes, can make you a ton.
Of course, with LEO and HIVE, we can keep earning which helps a great deal.
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Hive and Leo is a blessing, just wanna grow and build
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Only if we all do our part. The developers are pounding away bringing out improved infrastructure and applications. Now it is up to us to handle the engagement.
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These 5 choices are really great.Specially, electric automobiles catching sky-high popularity and paying attention to car lovers.If this go far, then someday more than 50% of the streets will be filled with TESLA logo..Thats my hypothesis.
So,investing in TESLA, a smart choice.
In terms of blockchain,the alternative to HIVE is only HIVE and thats why it is having value in the crypto market and hopefully will get the same in the future.
Good insight on prediction👍💗
Well they are based upon my holdings and experience. By no means are they the only path but 4 I feel very confident with.
I am not sure how many others people are piling into.
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Yeah, thats true.
But,what you chose was accurate and meaningful.
I am impressed with the insights of yours as an author,
😀👍👏 May You Prosper more.. God bless you :)
Thank you.
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You're welcome..
Tesla and the energy sector I am looking forward to more than their cars. I know they are involved with solar roof tiles and that type of technology which I believe could be bigger than their car business. I agree with all the others as I have 3 out of 4 maybe not as much as I would like but the stakes are growing daily on Hive and Leo. I do see Hive and Leo as a 10 year from now project and maybe sooner we will start to see things change drastically in prices. Development is the key to unlocking the value along with the community.
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The energy market is 10X the car market so there is a great chance. Even Musk said he expects the energy division to be larger than the automobile. The problem is batteries. Most go into the cars since that is where the profit margins are. We will if the battery production can ramp up over the next year or two.
$HIVE and $LEO are two good ones in my opinion. I cant help but to think of the long range plans Khal has and how everyone should be excited.
We are now doing our part on site by adding a bunch of comments and trying to stimulate engagement.
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StoreDot have got that one solved regarding batteries and are opening a new plant down the road from Tesla. Looks like they are in some form of agreement regarding battery supply. Extending the range and speed of charge is what is crucial plus using green items to build the battery. No more lithium iodes as they are now silicon.
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A lot of battery deals going down. Tesla also is cutting deals securing things such as nickel.
It is going to be a fascinating race to watch. A lot of moving pieces.
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You don't think BTC's POW model will be scrutinized and maybe banned in some "progressive" countries if the whole green movement keeps pushing for more and more renewables?
It makes no sense to me that EV becomes the standard while we keep building an intensively power-consuming financial system on the other end. They will at least demand that all BTC energy goes green which is impossible on a worldwide scale.
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I think that will happen but it is not everywhere. That will simply cause another shift in the miners. For example, there is no way Texas gives it up. As long as there is one place for it to assemble, mining will keep going.
Yes well isnt that the case with most of these regulations and requirements. As some of these countries encounter financial and economic issues, people are going to wake up.
So I am not worried about all that noise. EVs are the direction the manufactures are taking. Whether it actually is better environmentally doesnt matter. It is the path we are going down.
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Yeah, seems reasonable. As long as there is room for profits miners will always find a way I guess. As long as the incentives are there no regulator can shut it down.
Thanks for clearing that up.
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Well, I really hope Hive gets to that level! I'm definitely dedicating myself to this and will follow this path for as long as possible!
Wow this normally does not happen but I agree with all 4 recommendations. Tesla I am a big believer in this company, Bitcoin by now or cry later, Hive is a no brainer, and Leo, okay you got me.
I am a very late adopter of Leo and made the decision last week to only Stake Leo. Even though Leo is a great token with an even better community sorry it took me so long to act on that opinion.