The Potential of Blockchain Technology || Don't let FUD Distract you from it
It seems like we are in crypto limbo. Well, from looking at the sideway prices at least. And with that comes FUD. People spreading FUD to be exact. FUD is short for Fear, Uncertainty and Death. Just kidding about that last one though, the D stands for Doubt. But we've been here before. Every time crypto reaches new peaks in price, those who are nay-sayers or possibly have personal gains to be made spread fear, uncertainty and doubt among the weak-willed. They do this through media, both the official and casual social media kind.
If you're not careful or are new here, you might panic and pull out of your crypto positions. It is crucial that you don't go against your initial believe. Go with the feeling you had from the beginning about this emerging decentralized technology and its potential. With that I don't mean that you should HODL every coin inevitably. Trading is a healthy way to increase your positions. As long as you do not waiver in your believe of the potential of blockchain technology. The technology that could possibly provide a solution to the trust gap problem within society, eliminating the need for corrupt middlemen in systems. This is its true potential. We can see this playing out on Hive as well. No questionable robot-like CEOs selling you personal data for profit. A place where the community decides on governance and distribution.
So fear not, and do not be uncertain, crypto might be volatile, but blockchain technology will keep improving.
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Just like any investment, do not put everything in it. I am sure I would be panic is my food money is in it too. Only do it with the portion that can be lost it.
Place ourselves inside the comfort zone, so that we do not fear the loss.
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That's the most important rule indeed. Only invest what you are willing/prepared to lose.
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ENGAGEtokens.Many let the FUD get to them because they lack of proper understanding of the technology.
Before settling for a token, the underlying technology behind it I.e should be studied as it plays a great part in it's development and acceptability.
Love the hive blockchain seem to constantly improve and offer lot of solutions
True. Another thing they don't study is basic tokenomics. For example if a token or coin has billions in supply at 1 cent, it's very unlikely that a coin like that would go to $10 or $100, and yet that is what some predict.
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Yeah. This is also a very important aspect. It will determine how realistic it is for token to shoot up to certain prices
ENGAGEtokens.