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RE: Alone in the vacuum

in LeoFinance3 years ago

I agree buying and selling is not easy to get to grips with when you are thinking to buy and hold. The trading group I follow said something the other day and it made sense. 50% of your portfolio should be the main coins like BTC and ETH, followed by two classes of alts (good ones and less valued shit ones) which at the end of the day are there to make you more BTC and ETH. I think differently as Hive in their eyes would be a shit one yet we can see the potential of the possibilities further down the road.

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A lot of the trading groups are only looking at BTC and Eth for price increases - but what they are yet to realize that the industry really requires many, many tokens for different uses. People who maximize bitcoin as the only worthy coin are hurting the industry - it is like having the first business in the world being a car manufacturer and never creating any other business at all.

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Yes I see it like that as well and value is in ever token/coin with a genuine use case. Many of the DeFi products I look at and think WTF is this as they have no value other than the farming. Some may have use cases but many of them can't.

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