A Crypto Ramble
I feel like everyone is already aware of the sea of red in the crypto market. All of my favorite coins have significantly dropped to the tune of 10%, 15%, 30%, & even 40%!
The winners in this round are extremely wicked but shockingly evil. Such a devastating correction indeed. Even though it looks like there's a blood bath on the figures, there's no one to blame because it's how the market behaves in the crypto space. Pity those who bought at prices before this tremendous drop. I hope they have the tenacity to hold until the prices recover if it will ever be.
Of course, it would. It's just a matter of waiting for the right moment.
In this space, you should be as quick as a liquid or as solid as a rock. Drop it before the market does or be one with the ultimate hodlers. The ones who hold until they reach the ultimate profit that they dream of.
Another option to consider is to go for tokens that pay as you hold them or invest in applications that do. It could be a Game Dapp or a project that builds.
One of the tokens that I hold was not greatly affected by the current price movement. It's not a stable coin but it's relatively stable even after BTC dropped heavily. A silver lining? Not really, I think that it hasn't reached that moment yet. Even so, I will not be bothered if it follows the current trend since I don't have any intention to move it to any other asset yet. I have the intention to hold it for a few more years before I take any profit from it.
For now, I just leave it there and do its thing to grow. A token with a stake-based reward system, a true passive income if it can really sustain its value over time.
These are the kinds of tokens that I feel compelled to invest in.
The analogy is similar to a fruit-bearing tree. It's like planting a seed in a fertile environment. It doesn't even need my attention as it grows until it's ready to bear fruit. It only requires time and a suitable environment. The years of waiting will soon be fruitful and profitable with the hopes that it will be sustainable and long-lasting.
For a crypto project that I'm in favor of, I always view it as a long-term investment. There's really no point in profiting from it while the value is low. Instead, I feel compelled to hold onto it until it reaches a point where I'm more than satisfied with the outcome. Otherwise, I will put it on another use-case that matters to me.
Something that has a good fighting chance to disrupt a giant global industry. I guess... cloud computing is one of them. It's a heavily centralized service with the price being controlled by a few giant corporations. It's a huge undertaking to take a journey like this since it could go horribly wrong or shockingly amazing. What are the odds to that...?
I may consider it a fool's game but I won't.
Taking the side of an underdog who dreams big is my kind. That's why I dropped FB when I found about Steemit.
I believe in products with the goal of disrupting a broken industry. Where else could I put my resources? Needless to say that I choose the things that matter to me.
Soon!
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