Investing is Boring, Hive Price Doesn't Move .:. and other stuff...

in LeoFinance2 months ago

How many times did you hear those words? Investing is boring, or the other one that is more popular lately Hive price is pegged to 11-12cents... Well, was it more interesting when it was going down continuously for the last 6-7 months? Do you want more of that? :) I doubt that people would like that... Okay... Maybe some of you who would like to become Hive whales for a couple of hundreds... :)


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Let's go back to that Investing is boring thing... The crypto investors are a different kind of people than standard stock/forex traders, or some real-estate investors, etc... People in crypto are kind of used to see crypto as being a highly volatile asset... and I had to add that "highly" as some moves in the crypto sphere were so crazy that volatile isn't a strong enough word to describe it...



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But lately, it looks that crypto is slowed down a bit... How about Bitcoin? Well, it has done a big pump in the last months, but if we compare these moves with those that were 4 years ago, or in the cycle before that, what we saw lately is nothing... We are still under the ATH, and who knows what can happen... Most people see BTC at 100-200K, or even more, but the truth is that nobody knows that that will happen... and the other important thing... WHEN will happen...

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I think that this year will be written in the finances history books as the year when Bitcoin (and other cryptocurrencies) went mainstream... It sounds maybe too bombastic, but it is a fact that this year we saw some investors giving official statements about their BTC purchases and giving a significant amount of percentage to crypto in their portfolios...

Exactly these types of investors will be those that can do two opposite things... Or they will pump the price to the moon by "removing" large amounts of BTC off the markets and create a "shortage of coins" (which some crypto news networks stated... but, it looked for me that it was a trick to trigger even bigger FOMO)... Or, on the other side, they will slow down these volatile moves and make things boring... as they should be...

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One of the things that frightened the most people from crypto is these big up and down moves... In my opinion, slowing down crypto will be the ticket for that long waited mass adoption... That is coming, and it is just a question of time... So, use these last moments to accumulate crypto, to have a better entrance in the new time that is coming...

I would say that when investing becomes daily entertainment, then that it becomes gambling, and not investing...

Thank you for your time,

~ph~

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Boy, if they think investing is boring, they would hate my passive income approach. But I'm looking to move into trading a bit too as there can be some quick gains (losses too). I had a crypto guy laugh at my 100% return on one investment. Only in the crypto world can a 100% ROI be boring.

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Firstly, thanks for the compliment and calling me "boy"... lol...

I like slow-earning-investments... Usually, they are long-term investments, which usually means stability... But, on the other side combining long and short-term things sound like a perfect mix... Of course, with a balance between...

Only in the crypto world can a 100% ROI be boring.

hahaha... This is so true... After the last bull-run people don't want to invest if they will not get 10x of the investment... lol... I mean... I would like to get that, don't get me wrong... hehehe

Cheers! Thanks for the comment!

!ENGAGE 15

How long you are in this crypto world?
Are you doing full time trading or just a side hustle.

Just a side hustle, and about a year... but only 5 months seriously.

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When it comes to crypto, I'm an eternal optimist. You're looking at a guy who remembers when Bitcoins were free, then jumped to $1 per Bitcoin. So all of this talk about the BTC price hitting 20K is out of this world to me and proof that we've come a long way in such a short time.

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WOW! I don't know if being there when BTC was $1 was a blessing or a curse... :) The blessing that you have been there when something revolutionary has born, and a curse that you didn't buy a shitload and HODL it :)

!ENGAGE 15

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I was unemployed at the time, so money was tight. However, I did do a little mining. Back then, you could still mine Bitcoin on a computer.

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Price of BTC whether up or down always excites me. I think if I am actively trading my heart beat can also go up and down with market.

Boring, nah.. It will be exciting.

hehehe... I know that feeling when your heartbeat shifts gears... I was doing force trading a long time ago, and I was always tense waiting for buy/sell order to be filled... Now, I'm more relaxed as I trade mostly between coins that I like... So, no USD/Tether, no problems... All cryptocurrencies are win :)

!ENGAGE 15

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I love boring things in terms of investment. The boring it gets, the more time I have for other things. Passive is and shall be boring. 2021 hope to bring more steady and continuous growth in the crypto space, this will be the key to mass adoption.

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Hehhe... I have just written the same as you as a reply to another comment... When something becomes boring, it opens more time for something else...

And, yes... I have the same view about the future... When crypto becomes less volatile, it would be the beginning of mass adoption... Will that be in 2021? We will see...

!ENGAGE 15

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Hehhe... I have just written the same as you as a reply to another comment... When something becomes boring, it opens more time for something else...

This is why bots and not humans beat the market. We get bored and don't see that this boring part is the margin and do stupid stuff. This is what I've learned, the more boring it is, the better not to touch it. Except the boring flamethrower from the boring company (kidding).

Will that be in 2021? We will see...

Hope so!

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Honestly, I like boring...Mostly because I'm not smart enough to read TA's and markets....So for me, it's slow and steady and the most boring form of investing known to mankind...dollar cost averaging.

When things start to be boring, they go on autopilot and give more time to focus on other stuff... Someone said passive income? :) :)

!ENGAGE 15

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Hive is better low but token high, so we can pile up hive then

Yeah... we should put some limits to the accumulation... just to not be too greedy :)

Cheers!

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