The whole point of investing is the Return On Investment ROI, asap. As a crypto investor I like coins with low body counts, I mean low supply limits. I don't understand why ppl would invest in a crypto with a quadrillion coins like SHIBA INU, or in a coin with an unlimited supply like DOGEcoin?
My crypto experience started off kind of like Elon Musk. I started with Bitcoin, didn't like the wait nor the fees and so I started using DOGEcoins because the transactions were swift and much cheaper. Doge's infinite supply limit is a serious concern as an investor, it defeats the point of cryptocurrency being an alternative to fiat when more currency can be printed forever.
I have a lot of respect the Doge community, I think it was a worthy experiment. They demonstrated the power of group economics. When ppl gravitate around one cryptocurrency it can benefit a lot of early investors fair and independently, the sky is the limit and that limit was about 60 cents for DOGe. I told my friends to sell anything if you login and find it's up 300%. Of course it's going to come down and correct itself after the hype.
On the other hand, is it smart to invest your hopes, dreams and wealth on a nearly impossible joke? I think not! So now that the joke is over! I recommend focusing that same energy on one high value cryptocurrency that has great odds of holding its value longterm. Blackcoin was launched in 2014, so it's not some new pop up coin. BLacKcoin reached .22 cents last year and $1.00 January 2018, I think it would be easier to repeat something that has already happened, then to try and do the impossible. If Elon Musk couldn't help pump DOGEcoin past $1.00, who will?
As an investor, I don't think another billionaire is going to risk all that money in Doge ever again. Now that the world has seen Elon's failed experience, they tried again by advertising Shiba Inu with a ridiculous supply limit. No disrespect, but I think Shiba Inu is literally an insult to our intelligence, why a 1 quadrillion supply limit? I could be wrong, you tell me?
Imagine if Dogecoin had a total supply limited of 61 million coins like BlackCoin; Doge would probably be worth at least $10,000 or more each. Granted Doge is defiantly a better user experience than Bitcoin, especially for a billionaire. I sweat sending $500 with BTC because it takes so long, and the fee is another deterrent, so I can't imagine a million dollars looming on the blockchain for hours. Just imagine if that same DOGEcoin community energy was with a coin that had a scarce total supply limit? Scarcity, speed, safety and popularity are what creates a high value cryptocurrency.
Right now investment guru's online are all chatting about the crash in both the stock market and in the cryptocurrency markets crashing. As I look into the cryptocurrency future, it looks a lot like the past. People are panicking now, but I'm stocking up on these rock bottom prices.
I've learn over the years to NOT to worry about the current value of my portfolio, it will always fluctuate up and down, now I build up from its lowest point, and focus on accumulating more of my favorite assets when the market is selling at the lowest. I set goals like I want 150,000 BlackCoins or I want 1000 Cardanos or a million or 10,000 Steem.
Experience is knowing that the markets have proven to recover over and over again. Blackcoins has been around since 2014, and all the coins are now in circulation. I could be wrong but I like the opportunity of investing in a crypto a rock bottom prices and then help increase its value by increasing its notoriety. To be straite to the point that is all I'm interested in doing online right now is working with people who see the same vision. 2021 high for BLK was 22 cents, and its 2021 average was above 6 cents each. This means I am more likely to double, triple even quadruple my investment sooner with Blackcoin than with Bitcoin, Doge, or Shiba right now. I could be wrong about that too, any crypto can triple at any minute. That's why I like investing in the blockchain.
During the previous market crashes it felt like the end was near, and then what happened? We heard some good news from politicians and suddenly the markets went on a bull run again. And all those who sold out, missed out on the feast afterwards. Not me!
Peace
Black Swan
