I spoke to a friend today, he’s still in his feelings about his last crypto investment, he bought hive at $0.6 and held all through the price of Hive went over $2, he got rich, but on paper, as he didn’t cash out when the market dumped and all the net worth went down with it, he bought hive because of me, it’s not that he doesn’t believe in Hive,…..
…..he’s pissed that he bought too early, he feels there will still be another huge crash to $15k, and Hive at $0.1, so he just wants to sit this time out, he also bought Rune at $12 back when the price of Rune shot up to $23, but then again, made money but on paper, and watched the price go all the way down to $0.8, brutal year for crypto, but the truth is that, crypto has moved on, and, RUNE and Hive have moved on to their next phases of evolution, they are not what they were 3 years ago when he made the investment,…..
…..,he’s doing himself a huge disservice, because what’s worse than not doing anything is waiting for a crasher crash than every other crash that has been crashing,…and then not doing anything, I know someone who’s doing this but with hot tears now, they call him Capo on Twitter, ever heard about permabear? He’s the one,”.
Interesting how easy it is that I don’t mind thinking about selling my last toe to buy crypto compared to someone who has resources to invest sparingly but just wouldn’t buy anything. The way I see it, the future of this stuff is bright, each project is steering the entire ship, and we will keep iterating in development till we get the right pieces together,….
…..there’s a role to play for everyone who sees it like this too, it’s evident how I’m a perma bull and as a matter of fact I’m not the only one.
The notion of being a 'perma bull' in the crypto world isn't just about relentless optimism; it's about recognizing the inherent potential and evolution in projects like Hive and RUNE. Sure, the market is volatile, and watching numbers rise and fall can be a heart-wrenching rollercoaster. But what's more important is understanding the long-term vision and progress these projects are making.
Take Hive, for instance. What started as a blogging and social media platform has now evolved into a multifaceted ecosystem supporting various DApps, games like Splinterlands, and a vibrant community driving innovation. This isn't just about token price; it's about the value being created and the solutions being offered to real-world problems.
Similarly, with THORChain, it's not just about the price journey from $12 to $23 and then to $0.8. It's about the project's mission to revolutionize cross-chain liquidity, making decentralized finance more accessible and efficient. The developments and updates they're continually rolling out are shaping a new frontier in DeFi.
This perspective is crucial for anyone in the crypto space. It's easy to get caught up in the daily fluctuations of the market, but the real winners are those who see beyond the immediate ups and downs. They're the ones who understand that they're part of something much larger – a technological and financial revolution.
So, while my friend may be cautious, waiting for another market crash, I choose to focus on the continuous growth and potential of these projects. Yes, the market will have its dips and peaks, but the advancements in blockchain technology, the increasing adoption of cryptocurrencies, and the continuous innovation in projects like Hive and THORChain are what truly define this space.
In this light, I'm more than just a 'perma bull'; I'm a believer in the transformative power of crypto and blockchain. I see each project as a piece of a larger puzzle in creating a decentralized, efficient, and more inclusive financial system. And for those who share this vision, the current market fluctuations are just minor blips in a much grander journey.
As for my friend, I know exactly what will happen, at some point in the not so distant future, I will give him a call and tell him RUNE has gone over $20, and is consolidating around $18, his eyes will light up and he’ll rush to CoinGecko himself, when he checks, he will find out that the price I told him was an old price from yesterday as it was the last time I checked and in the moment the price has changed and gained even more at $35.
He will also check the price of Hive to find it at $2, he will almost jump out of his skin out of excitement seeing how much he’s owning, but there will be that feeling of regret of not buying more when they were dirt cheap, then he will say he doesn’t want to sell but hold like he did the last time to lock in more profit. I don’t know what will come after that but you can bet I would have locked in some profit for myself.
Don’t be like my friend.
Thanks for reading.
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