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Cryptocurrency's life stages
Why is purchasing extremely low-cost projects acceptable?
If you are purchasing with a clear plan and do not intend to invest all of your money, then it is acceptable.
For instance, #bitcoin was worth zero dollar when it was first introduced in 2009. Then, the price jumped from its long-held $0.10 level to $0.15 on October 26, 2010, and it almost reached $0.30 by the end of the year. It reached a peak of $30.05 on June 9 after surpassing $1 in 2011. Thereafter, the price of $BTC dropped due to a severe recession in cryptocurrency markets, closing the year at about $4.
It took almost three years for $BTC to rise from $0 to $1. This is very typical in the cryptocurrency world when cryptocurrency is listed on exchanges. They follow specific patterns when they rise and fall. Very much like the life of a star.*
It is not a cause for concern. As a trader, you should be concerned about how much money you are investing in a certain endeavor and how much you are risking. In the realm of finance and trading, diversification and its management are #FundamentalPrinciples
*Stars have a distinct life stages, ranging from birth to life and death, and they exist for a specific period of astronomical time. The longest stage of a star's existence is known as the "life stage". They shine brightly at their peak and then fade away forever.
The same is true of cryptocurrencies; they reach their peak, which is at the life stage, and then they plummet — the death stage.
Statistics show that the majority of them fade away before ever reaching the life stage. Others who cross the line into a life stage will also die at the end of that life stage and fade away forever. Only a few of them get stronger and ascend to even greater heights, like Stellar Corpses ("The remnants of massive stars become either neutron stars (extremely dense) or, if the mass is high enough, black holes").
As of today, I believe that we can only witness the #LifeStagesOfBitcoin . It is the first cryptocurrency that has surpassed or is surpassing the line of the life stage (or, it has entered to or is entering to its life stage).
I believe there will be a lot more cryptocurrencies to observe their life stages in the future. Perhaps we already have other cryptocurrencies, but we are unaware of them yet, or perhaps it is me who is unaware of such cryptocurrencies.
#BitcoinVsGold #StrategyBTCPurchase
If you are purchasing with a clear plan and do not intend to invest all of your money, then it is acceptable.
For instance, #bitcoin was worth zero dollar when it was first introduced in 2009. Then, the price jumped from its long-held $0.10 level to $0.15 on October 26, 2010, and it almost reached $0.30 by the end of the year. It reached a peak of $30.05 on June 9 after surpassing $1 in 2011. Thereafter, the price of $BTC dropped due to a severe recession in cryptocurrency markets, closing the year at about $4.
It took almost three years for $BTC to rise from $0 to $1. This is very typical in the cryptocurrency world when cryptocurrency is listed on exchanges. They follow specific patterns when they rise and fall. Very much like the life of a star.*
It is not a cause for concern. As a trader, you should be concerned about how much money you are investing in a certain endeavor and how much you are risking. In the realm of finance and trading, diversification and its management are #FundamentalPrinciples
*Stars have a distinct life stages, ranging from birth to life and death, and they exist for a specific period of astronomical time. The longest stage of a star's existence is known as the "life stage". They shine brightly at their peak and then fade away forever.
The same is true of cryptocurrencies; they reach their peak, which is at the life stage, and then they plummet — the death stage.
Statistics show that the majority of them fade away before ever reaching the life stage. Others who cross the line into a life stage will also die at the end of that life stage and fade away forever. Only a few of them get stronger and ascend to even greater heights, like Stellar Corpses ("The remnants of massive stars become either neutron stars (extremely dense) or, if the mass is high enough, black holes").
As of today, I believe that we can only witness the #LifeStagesOfBitcoin . It is the first cryptocurrency that has surpassed or is surpassing the line of the life stage (or, it has entered to or is entering to its life stage).
I believe there will be a lot more cryptocurrencies to observe their life stages in the future. Perhaps we already have other cryptocurrencies, but we are unaware of them yet, or perhaps it is me who is unaware of such cryptocurrencies.
#BitcoinVsGold #StrategyBTCPurchase
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