It's Times Like These When Wealth Accumulates
Even though markets are down and everyone has a sense of sadness about it all I seriously need you to brush that aside. If you truly believe in crypto then right now is a primary time to buckle down and start grinding it!
You see everyone this last year thought to themselves.
"Wow, that person is lucky they own so much bitcoin or Ethereum"
"Must be nice to have all that money/crypto"
What they don't realize is those people invested when others wouldn't. When markets turned south they believed in these projects and that some day they would rally and grow.
They took risks, they exchanged fiat to crypto and they stacked and stacked and held. They worked hard during all those months and years to build their portfolio.
The Power Of Investing Early/Low
Let's take Ethereum for example.
Once traded for $200-$300 for months 3 years ago it was one of the blockchains that showed real promise. If you would have bought and simply held it you could have turned that $300 into $3,000 in 3 years. Tell me what stock you could buy that would do that.
Right now Ethereum is trading for mid $2,500 but we have already seen it was very capable of hitting $4,000 You could almost double your money 100% gains. I don't know if that time will be tomorrow or three years from now but what I do know is Ethereum is working on many projects that will burn supplies, reduce liquid Ethereum and also lock up Ethereum in order to mine more. That's three positives to price movement upwards for Ethereum which should be coming in the next year.
Apply This Same Concept To Smaller Projects
Now apply that to a small project such as hive and LEO. Now trading for $0.30 - $0.50 we have already seen that one is capable of over $1 and the other is capable of coming close. Leo continues to build platforms such as DeFi and many others on the back end all which will increase the value of the LEO you have both in "air drops" and reducing the supply/burn of LEO tokens. Don't know about you but that spells a massive advantage as to why I myself want to accumulate as much LEO and Hive as possible right now.
What you need to remember is that wealth is not built over night. It's built over years by investing into companies or blockchains you believe in will acomplish great things. When that time comes you'll be sitting on a gold mine. What's even more powerful to LEO and Hive is you yourself have the capability of making it better. By engaging with content, leaving comments and inviting others to come on to Leo and Hive and interact with your content builds a strong connection and wealth creation!
Posted Using LeoFinance Beta
Ya man. exactly that.
Trying to inspire some hope during all of this negative news :)
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Regret always comes late, I regret why I didn't hodl hive and leo, or collect the two tokens consistently. Thanks for the post, it made sense to me, especially after seeing the ETH parable above.
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Yay! 🤗
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This selling euphoria will soon get over and we should be ready for the same. When the influencers from the centralized world associate with the decentralized crypto projects, such jolts are going to be routine and we have to be prepared for it. As you rightly said this gives the opportunity to the investors to make some bargain buying.
While I am not buying LEO or HIVE directly, I will be accumulating what I can from commenting/blogging. I see no reason for anyone to stop accumulating. In fact, you should be selling a little bit as it goes higher and buying back in lower if you really want to trade. Of course you run the risk of not getting to buy back in lower.
Posted Using LeoFinance Beta
Funny but the general public is not inventivized to buy during dips but rather when there's euphoria.
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A cool way to earn money as a cryptocurrency trader is to buy low and sell high,it means you should buy at a low price and sell at a high price,when there is a dip it gives us the opportunity to buy at a price that is cheap so that we will make good profit when that particular crypto goes high
I’m only a few months in, so the hysteria is lost on me. Yes, the little I do have invested is shrinking and no, I have no less belief that in the long-term that my decision to come into this will be the most important move I made for my retirement. Learning from folks like you @bitcoinflood is just as important.
It’s like the gift that keeps on giving I know everything I throw at Bitcoin now is basically doubling my money
Well said as always!