• Adam B. Levine
Today, I was explaining to a friend how difficult it is for people to understand how crypto works. My points were coming from the situation of things in my country, the need for me to get a Oil job or some government paying job and live my life like a good citizen.
Go to school, Graduate from school, Serve the country, Work for the country.
Entrepreneurship is also an option. Many start up a business and live off by doing that for a long period. People respect that.
But you see telling someone you are into crypto fulltime? They just don't understand. Many feel it can't be sustained. You hear things like "What if Bitcoin Crashed?" "Isn't that magic money"?
Why Should You Build Your Life On The Internet Magic Money?
I actually like the phrase "Internet magic money" Maybe they are right because my first real encounter with crypto was UNISWAP. Hell yeah, that was free money and it made alot of sense because i grew up reading lot of quotes and i categorically remember one saying.
"Despise the Free Lunch"
According to Robert greene, What is offered for free is dangerous—it usually involves either a trick or a hidden obligation.
I think he was right because i was actually obliged to find out what crypto was.
My Shitcoin Experience
I used to work with a developer to create some shit coins on the binance smart chain network. As many people might know, these coins we create never did last even if we wanted it to. one of the reasons were because we had no use case for the tokens.
My developer friend put me in service then because we were friends, not necessarily because i knew how crypto or shit coins worked.
After several projects, I understood how it worked and why it usually crash everytime. Firstly, even if the token ownership is surrendered and there are tax penalties for quick sellers. Everyone who joins the telegram group have the same thing on their mind;
This is Ponzi Scheme!
So everyone wanted to dump the token as fast as possible. Make 2-5x and leave. It was then i discovered how a token can crash very easily. In a couple of weeks, I got rugpulled many times and in different ways.
After those experiences, I discovered that there are tokens with good use cases and a good team. I started to research before buying coins and that was when i understood that coins with good use cases tend to last longer especially when they have a good team and good social media page.
What Does The Future Hold For Cryptocurrency?
Forgive my build up story, This is exactly the main question! Can we Rely on Crypto?
To answer this question, I need to go back to the past or rather start from the beginning. Take a look at people who invested early or even just tried to be part of the crypto movement. They are definitely in a better space now. Good projects brings rewards over time.
The question now boils down to which project you can trust? or what coin can i buy? or what can i rely on to grow with?
Hive : A Solution To Everyone
I explained that if you intend to stick with crypto it is important you trust your investment. Hive offers that opportunity as it is built for the community.
Look at the people on chain that has been here actively over the years, they have witnessed so many transforming opportunities.
Just few months ago, hive rallied in price to $3 and alot of people had the opportunity to sell alot more than they probably invested.
I wonder how the atmosphere would be when hive is valued above $10
That's having x10 of what you have currently?
That would change so many lives and the possibility for that happening increases everyday. If you look around the Blockchain, there are many projects built on the chain that are working hard to get better. There are new ones coming out. The possibilities are endless.
In Conclusion...
According to Triple A
As of 2021, we estimated global crypto ownership rates at an average of 3.9%, with over 300 million crypto users worldwide. And over 18,000 businesses are already accepting cryptocurrency payments.
You can check the statistics in terms of the countries and percentage. You would notice that the future is still very bright and there is alot of opportunities that can come from the crypto space.
While I'm yet to figure out why most people doubt the sustainability of cryptocurrency, I can say that staying in the crypto space especially on the Hive Blockchain would be far rewarding in the upcoming years.
Some of my articles you might like...
A Better Chance At Financial Freedom
Blogging On Hive : The LeoFinance Factor
WHY WE HATE THE BANKS IN NIGERIA.
MONEY MONEY MONEY.
The Side Effect Of An Increase In Taxation On Nigerians.
I am ,I love to talk and write about chess because i benefited alot from playing chess. sometimes i share my thoughts on life in general and i write about my country Nigeria.
I love to engage with others and i love communication.I believe life is all about staying happy and maintaining peace.
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Gifs via tenor, Designs were done using canva