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RE: $HIVE & $BTC Technical Analysis - 08.06.2025

in LeoFinance11 days ago

The problem with alts is that it is know you can make way more with alts, than with BTC or ETH for that matter, but that's only in theory. Most of the alts won't survive because there's no use case, no solid project behind them. Then comes manipulation at the highest level. Influencers are using their name/fame to create tokens and people are buying whatever 💩 shows up, hoping to make 100x asap. Scammers are launching tokens with famous people's name, for the obvious reasons.

Investing in alts is easy, but without knowing the project behind them, it's just sheer gambling and you may as well go to the casino and play roulette as there, at least you have 50% chance to win. Even knowing the project behind the token is not a guarantee for anything as the team still has to deliver and the road to success is really bumpy.

This is why I said you could double, triple or 5x your investment, if you play it right. There's also a rule about how much to invest in what, but hopium blinds people and it's going to get even worse as the trend is to try to catch the newest meme coin that gives you 100x in 2 days, but to catch one, you need to endlessly try and you may lose all your money before you find one, IF you find one.

Crypto's future is an unknown territory. BTC has made a new ATH, even 2 and everyone is waiting for ET to run, so then alt season can begin, but as I said, cycles are not like they used to be and this cycle is proof of that.

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Yes, I understand. And I don't believe in the scenario that ETH will start growing and then altcoins. I think that we will be surprised again and everything will not go according to the scenario. But you can try to unravel the manipulator's plan and act against the crowd. I never had a goal to get rich on the crypto market, it's just my hobby. But the more I observe, the more I come to the conclusion that everything that is not Bitcoin is garbage! Hive is an exception to this rule. Hive is more than a coin, it is a community. And I'm glad that I joined in January 2019. There is a long way ahead, but thanks to many wonderful people here, I am sure that we will grow and there will be many more of us!