Why Are You Bullish On Crypto
I’m not going to lie, buying crypto every week is a drug to me right now. I used to wonder how addicts get the money they use in buying cracks,even when these drugs are extremely expensive. Now I get the feeling because no matter what, or how broke I am, at the end of the week I will surely buy a coin. Either a new one or I add to my existing ones. Lots of people are bullish on crypto for different reasons but no matter the reason, we can’t deny the fact that we are all in this space to be very rich.
This just reminds me of my conversation with @estherscott few days ago, she called me and asked for the latest crypto project to invest in. Of course I suggested Hive and gave her reasons not to power down, but she wanted to explore her options. I tried explaining what each coin and their utilities are so she can see it more of like a coin with use case rather than a ponzi gamble coin or rather a shitcoin. Most newbies join the crypto space, and they start screaming “When Lambo” because they got the orientation that crypto is a get rich quick scheme. That’s where they fail, they find theirselves invest in lots of Shitcoins, get rug pulled and regret later. But @estherscott didn’t come with that mentality, she was not in a rush to put her money in something that will give her a quick rise without reason. Well, I have some coins I have been bullish on aside Hive, these coins are pretty good and I believe in their utility and use case.
Some people went bullish on crypto because their favorite influencer said so. Some went bullish because its trending and they don’t want to miss out on the fun of investing in crypto. I have met people that got into crypto because their favorite person or the person they looked up to, talked about a coin.
Criteria That Makes Me Bullish On Crypto
Utility This is the most important crucial part in investing in crypto. Very important, because this is the means that makes sure that liquidity and value is constant on the coin. Some coins get created initially without utility, like Dogecoin, shiba Inu etc, but as time went by, with a strong community and strong demand, an utility was created later on.
*Community People drive value to an asset, people create demands that create value, when there is no community that believes and support an asset or a project, what makes it valued?
*The Similar Disapproval Of The Fiat System This is another reason why I and other people are bullish on crypto. I was talking to a crypto novice I have been trying to onboard on Hive for a month now, and he said something I was proud of. He doesn’t have any investment in crypto but he dislikes the fiat so much especially the Nigerian Naira. He talked about how worthless it is leaving your money in Nigerian currency. I’m sure that with the proper guidance from me, he will be bullish on crypto in no time. Aside paying my bills and upkeeps i don’t leave my money in fiat, they are always invested in crypto.
*I Believe It’s The Future We all can admit that a lot has changed in the financial world, one way or the other at least 2 out of 7 people in the world are invested in crypto. I went for a haircut on Friday, while going home ,I heard to young boys on the street by the side of my estate gate performing a bitcoin transaction. They were both bargaining on the price and I felt good, this means that once again, am on the right track with crypto. If common people know crypto and are using it like an everyday asset, then the future is closer than I thought.
We have seen how it is changing the media and gaming industry through NFTs. How easy it has made transactions through its speed and cheap rate.
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