Posts

Hiding In Plain Sight

avatar of @cryptoandcoffee
25
@cryptoandcoffee
·
·
0 views
·
3 min read

source

Quite remarkable where Matic has come from this year as it literally had no value and was one of those coins you just skip on by paying no attention. How many others are out there like this as there must be quite a few?

Hiding in plain sight is something that we see all the time and it is something as humans we always tend to overlook and over think things. Today I was looking at Polygon/ Matic and it seems as though it has been around forever. I never saw it as something that could do a possible 10x from here still this cycle as since buying it earlier in the year it has already done 3x. I must admit I keep forgetting how powerful the 5th wave is in a cycle and being my first Bull cycle it is hard to fathom.

We are all looking for the next gem that will break out the pack and add significant value. Matic is obviously one of those but we are still early like we are on many of the alts but not early enough. I am one who believes you need to have a big enough bag that if the price does ape then you do make a significant difference and why I have decided to stick to 5 or 6 coins this year and not have a portfolio of 20 as everything would be too diluted reducing the chances of making serious financial gains.

Back in 2019 Matic had it's all time low of $0.003 and did a 10x to reach $0.03 earlier this year. Since then getting large bags has become a hell of a lot harder to accumulate as it has been on a steady run this year. I bought in at just over $0.56 which is early but had already done nearly 19 x this year so not early enough.

The only reason I was doing my research on this coin is I have seen some forecasting predicting Matic will be between $15 and $20 by the end of this bull cycle. Not one or two predictions, but quite a few and some decent sources. I am holding some but not massive bags like some are. If you had invested $1000 in March you would have been holding around 33 000 which today would be worth over $60 000.

The alts is where the real money is being made as that is 60 x in 8 months and if the predictions come close to even $10 that would be a crazy gain of 333 x. I see the likes of Bitcoin and Ethereum having already done so much that the gains there are likely to be 2x or 3x so profits will not be as juicy as what is expected on the alt coins.
The trick for getting big bags is to get in really early and that is the risk that sometimes needs to be taken. The mistake we all make or I do anyway is not understanding how things can take off in value. I struggle to comprehend that something is $0.03 can be worth $5 or $10 in a short period of time.

Maybe being in Hive for so long has made me think that way as we know it is undervalued and have been cheering it on for so long just to reach $1 and haven't contemplated possibly hitting $10 in this cycle. Who knows as one can rule nothing out. I see no difference if Matic can hit $10 then why can't Hive as well as it looks like many projects are going to de extremely well and only time will tell.

The one thing I can say is being in a tribe like @leofinace is going to really help during this bull cycle as the information that will be at hand will be seriously priceless. Many of us are still learning and this is going to help understand what is going to be required to make this a successful 3 or 6 months or however long we have this time around.

Posted Using LeoFinance Beta