It's Monday morning on the 4th of January in Australia a regular Monday morning and back at work on the Aussie stock market.
If you read my post yesterday you would have read about Aussie stock markets buying into Bitcoin, this has further been evident with today's bull run. Except another thing occurred that I didn't see and wish I did.
Bitcoin Run
First things first, to my American counter parts don't freak out these are in AUD and yes this is still huge. This time last year Bitcoin began to drop. Miners started unloading which caused a price spike and then COVID hit and everyone started selling their assets. The price of Bitcoin dropped to $8k the last time I saw this price was 2017. I made a wrong call and consulted with the wife and wanted to buy some. She said no. Over the new year period I have shown her the price, we would have had enough profit to start building our home.
Our goal of building a home has been forefront over the past 5 years as we have two children and reside in a 2 bedroom unit which we have outgrown.
Ah well, opportunity missed.
Many have said Bitcoins bullrun was over, but it's not. Continuing in Australian news today are more Australian investors liquidating stocks in exchange for Bitcoin. I do think we have seen Bitcoins peak, it will continue to grow but net gains have peaked. Another Crypto appears to take podium spot in Australia, Etherum.
Eth growth boom
Investors are seeking higher gains and returns, where Bitcoin is still growing it's growth from here won't be (guess) another 50% climb. Where as Etherum has a potential to provide that return. In fact it has already netted a 24% increase and won't slow. My guess is it will easily continue to grow by another 26%. It may even exceed that and reach 2018 numbers of $US5000 a coin.
In early 2020 ETH dropped to $AUD174 a coin I saw it and immediately thought of the $US5000 a coin in previous years. But I didn't take my opportunity. I had already discussed Bitcoin with my wife and I didn't want another argument. I wish I just did it and bought 10 or 20 of them. I'd be laughing right now and she'd be shopping.
You might be reading all this and thinking you've missed out, but you haven't, Hive is still a great investment and Leo continues to storm a head, so far a head that at current it is still under valued and cheap. With future projects in the works and the majority of tokens remaining staked in the project I am still actively increasing my supply through financial purchase and producing content. Don't be disheartened by not gaining upvotes. I have been on this platform for 3 years and have been constant. The majority of my growth has been through investment. I do so because I believe in it and I also enjoy it.
I have no doubt that in the coming weeks we will see Leo reach $US2 a coin, perhaps even more. How will users react? I'm sure some will sell but alot will remain staked and the withdrawal process taking a number of weeks to complete will see the coin remain steady.
Now is the time to invest, especially if COVID continues to ravage the economy. Many will be looking for a safe way to hold their financial strength.
Australia is soon to hit a negative interest rate, which means if you hold cash in an acct YOU pay interest. This is causing many to spend on things of value, crypto seems to be that option.
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Bitcoin and Etherium are both a good thing to invest in, as they are known around the world and if I'm to say, the most popular cryptocurrency at the moment ,which is a good boost for the whole cryptocurrency and decentralized world.
Leo and hive on the other hand I see will be a much better place to invest in and keep earning as there are numerous opportunities on here and we still are not that large in number nor popular. $2/leo is achieved in no time.
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If things keep going looks like $2 Leo by the end of the week
You pay interest on your holdings with a negative interest rate?
Not sure many banks will have this in place if they want to keep their customers. Interesting times ahead! (see what I did there!)
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Hahaha, yeah. I believe it's a global thing. Other countries will have the same financial rules around negative interest rates. I think people are hiding their cash.
Thank you for sharing your story. I'm glad you were able to pass on the missed investment opportunity. I seem to have those of my own. I don't think we can get too caught up lest we end up experiencing a bigger miss, or worse, a loss.
I felt your pain with regards to the living situation. I'm married with two kids and live with two in-laws and a wild 10-lb Maltipoo. I got a promotion at work and moved my family from a 3BR 1.5 bath condo to a 4BR 2.5-bath larger home. It's still a rental, though. We also have hopes of owning our own home in the future.
I agree wholeheartedly that now is the time to invest. Who knows what COVID, medical society, and politics will do to the state of our world. Have a great day!
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Definitely is a great time to invest, if only we bought Bitcoin when it was .30c or less. Never know, could be Leo at that spot in the future :)
Brother, I am very sorry about your house but I know you will get it back soon.
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Please change COCID to COVID
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Ah ha! Thank you, sincerest apologies. The problem with blogging on a phone :(
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