Bitcoins, Ethers and Hive
Three of my favourite coins to look at to start the day.
It doesn't matter if its green or red. It's something that's embedded into my life.
Bitcoin price at the moment
Img src: Tradingview.com
MY CUP OF COFFEE
Investors need that kick in order to fuel up the rest of the day. No panic mode on when numbers are down. It's just part of a cycle. However, the big picture and the future matters as that determines why we buy it today. An analogy to demonstrate this point.
Let's say we have seeds,
An Analogy
The seed of mangoes, some apples and some weeds (someone told us that it's actually avacadoes and we buy into that) Which would you plant?
Everyone loves different plants. No one loves weeds.
If I planted some mango seeds today, persistently take care of the tree for the next couple of years, the result is a mango tree that bears the fruits you love.
If we did that with weeds, then we would have spent loads of time watering weeds for the next couple of years without knowing that these are actually useless plants. I know you may say, wait, I can tell the seeds of weed. I know weeds when I see weeds.
But that's how we see our investments.
I know someone who actually had plastic cactus watered everywhere and never allowed anyone to touch them until one day that person found out the truth.
My own analysis of Bitcoins
Currently, Bitcoins and Ethers seen to be moving sideways. From my view, the best thing to do is do your own analysis. There are some who call for long, some who call it short. Wizards. My view is that if we really understand Bitcoins and think that in the future it may have some usage and also could one day used internationally, it could potentially have a high value in the future. Why not purchase some now before it really goes up and invest some per month cumulatively. It could definitely go down, it could go up but overall, I think its going upwards with bumps in between. Imagine finding out that there is cure for some disease early on and there are results proving that it cures that particular diseases. Then you would have the chance to invest in its development before it is one day released. Would you?
Some would call it a hoax, listen to it and forget about and a small number would actually bet on it. If it was the start of Apple some decades ago and some guy called and said that you could invest in his idea which started from his own garage, would you?
Hive from my view has still loads of room to grow and its worth it to really invest some time and effort. Small little efforts add up to a mountain some day.
Posted Using LeoFinance