A short little history lesson. Many years ago a new cryptocurrency was born called Bitcoin which was worth pretty much nothing until one day someone exchange a pizza for 10,000 bitcoin (currently worth $576,000,000) Yep half a billion dollars you'd almost be a billionaire yourself if you made that trade and held on to it for that long.
Why do I bring this story up?
Because many cryptos such as Ethereum, Hive, LeoFinance, Doge and more all at one time started as having little to no value and over time grew up to be monsters in terms of price. This is why you need to see the grand picture and start stacking. LIKE SERIOUSLY STACKING!
What you stack today in Ethereum could easily triple or better by next year. What you stack in Leo or Hive could easily rally 500% + all that's waiting for it is enough use case and publicity to drive demand for the cryptocurrency up.
We are now in times where if someone sees a 10% rally they laugh! Yeah LAUGH! This use to be huge in the stock market and it's why many are leaving and now coming to crypto for those sweet sweet 100% gains.
We now have use cases galore which are just starting out.
Gaming is one of they highest transacted assets and fits perfectly with NFTs. Imagine when a platform such as Playstation, Xbox or MMO launches and uses blockchain for it's assets. Allowing for a market to freely trade digital assets which represent something in their virtual MMO world. Do you not think that would drive prices up even higher and put more demand on ownership and blockchain?
Imagine music artists selling their songs as NFTs and skipping over Apple allowing for a music artist to now make 30% more than what they did using a mega corps shop like itunes (which by the way doesn't promote your music)
Imagine a time when you no longer deal with a bank but instead use DeFi to finance your house, build capital and freely trade with others collecting the loaning fees yourself instead of a mega corp.
Yes all of these cases are only a year or a few years away and it's why I highly encourage you to stack as much as possible. Even though prices might seem high please bear in mind Crypto still is only 1/10th the value of all the gold in the world and 1/1,000th the market cap of the stock market.
Personally I don't think Bitcoin will make it instead that money will start flowing into other projects with lower fees, faster chains and more use cases. I know I know, It wont happen tomorrow but with Bitcoin making no advancements it's simply a store of value and honestly nothing else. Sure funds will still flow through Bitcoin but they will be large bulk moves by business and corps as it's the most successful but also as far as we can tell one of the most secure block chains as it's been battle tested over the years.
What is your grand picture of crypto? Will you start stacking or will you keep moving funds around trying to chase the next lucky rally?
The amount of uses cases for crypto and blockchain are huge and we are just starting to scratch the surface of that. As of the last 2-3 years is the only time we have seen some real development going on primarily in the case of NFTs.
We then saw DeFi about a year ago but it wasn't until the last 6 months we really saw a flow of capital into the markets and that new capital is fueling thousands of new projects. As money flows in it drives demand, hype, engagement and development. Without those things it's a slow growth winter.
You could almost compare this to the internet. It was slow sluggish and not used much until AOL brought it to the masses. While that was a start up it was slow limited and a spam fest. I kind of consider 2017 to be AOL while today is the likes of starting up cable and wifi. We are just now building the groundwork for crypto.
Posted Using LeoFinance Beta