This is me just imagining how a conversation between a grandson and a grandpa would end.
Grandson; 'Grandpa, how do I catch a fish?'
Grandpa; 'You get your fishing line, get your bait in your hook, cast it into the river and wait'
Grandpa has said it all, you wait, and finally the fish draws near and you pull out your catch. That is the typical fishing tactic. Let's consider the next question.
Grandson; 'how do I stay fishing?'
Grandpa; 'you repeat the process'.
Ahh! Grandpa, the casting, the waiting and the pulling. I feel something is missing here, we have to be doing this over and over again. This is where I am finding the process rigorous. What we should note here is how to stay fishing? I feel Grandpa has not done justice to this.
We are seeing green candles almost everywhere in the crypto markets. There are uptrends in both LEO and Hive tokens, this is very encouraging. That mindset of I wish I had much hive and loe stacked up will be surfacing in our minds. It happens everywhere, we just love to see the market hype, nothing wrong anyway, we all want to see progress. Nevertheless, we must understand how true progress will be ascertained in the crypto industry. Many believe the cryptocurrency industry will someday change their lives. This is not a myth, we have seen many move from little to very much here. New millionaires have been minted overnight. We also have to consider that this was so because crypto was new and early adopters picked up luck.
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That said, times have changed although our mentality is yet to. What am I saying here? We are still working with the Grandpa rule; we are getting acquainted with the fishing line. Many are preparing to sell the bags, afterall, Grandpa said it all; it's the legal way to repeat the 'cast the line, wait and pull out'. 2025 has the potential of a bull market, when we see how things are unraveling we can a yes although we have to consider this is a financial market. Should we ignore the old ways? Maybe if we wish to move forward. New investors are warming up to enter the cryptoverse which will pump the bags, how lofty it will be depending on how heavy the inflow will be. Will those who have stayed in the system be catching fishes or staying fishing?
Staying fishing
This has always been my idea for crypto. Let's look at how things unravel on the hive ecosystem. Early adopters had the advantage of owning more tokens that in turns generating more tokens daily. This is the future of cryptocurrency in entirety, how we can depend on equity and rewards rather than sell the bags and wait for another four years or so. Handing over currency to new users during a bull market always ends with a later market correction. What do the new investors learn in the process? Nothing rather than the old ways, let's wait for our turn to sell.
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Of Course when it comes to Bitcoin, there is really not much to look at except price. It was designed as a means of payment with no added utility. It was later eyed as a store of value which has made the price to constantly appreciate when considering security and first mover advantage. This should not be so for altcoins, the strategy for sustenance depends on its utility. The question of what I stand to gain if I should keep this token or coins comes in. As I earlier said, we at least know a little about how the hive ecosystem works. High stakes have played a big part in its reward system. Why has the ecosystem been able to survive many bear markets? Simple, there are incentives for faithful users who keep holding on to the token. It is about finding additional benefits that serves as profit during rainy days.
It is always easier said than done, green candles always surface with greed instinct. There is nothing bad in taking profit. My biggest concern is the growth of the altcoin market. I wrote an article recently on how bitcoin alone dominates up to 60% of the crypto market. This doesn't bring in any professionalism to the crypto market. To salvage altcoins market, we need such market stamina as Bitcoin, this is when investors start showing more confidence in projects that sprout from sub-regions. We should preach crypto a little better in the upcoming expected bull run.
To conclude, let me add, inasmuch as price growth is of essence, we have to consider how we can build a crypto market that has enough stamina to avoid high swings that leads to liquidations especially. This touches on the aspect of web3 incorporation also. I feel this is the best place to showcase the utility features that are domiciles in the crypto industry. As earlier said, we need to introduce new investors with the mindset of settling for rewards or equity as they help build a strong crypto community rather than chase green candles as usual. The choice is ours to make; the old ways of catching fish or the new way of staying fishing.
Posted Using InLeo Alpha