AuthorCaleb Tanner |
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Bitcoin and Ethereum are two of my largest individual holdings that is not an ETF. I am very bullish on these two cryptocurrencies, and since crypto as a whole has had a very bad 2022 so far, I wanted to give my thoughts on why the latest price decreases has not decreased my overall fondness of these two assets.
I have reoccurring buy orders for Bitcoin and Ethereum so that every week I invest a certain amount of money into each of these cryptos. If I find an investment that I believe in long-term, I always set up a reoccurring buy order so that I can invest in it over a long period of time. Bitcoin and Ethereum are both something that I want to own as much as possible of so I buy both every week regardless of price. A common opinion that I get told about crypto is that there isn't any actual value behind it. I disagree with this sentiment when it comes to Bitcoin and Ethereum. I believe that there is actual value behind both which is why I continue to buy. I've already given my thesis on why Bitcoin has actual value behind it. One can read my thesis on it here - www.financebycwt.com/crypto-blog/why-bitcoin-is-valuable. ​Ethereum is something that I also believe has real value behind it. I believe that insanely valuable businesses will be built on its blockchain. I believe that millions will do business on the blockchain itself through owning the coin. To me, this will lead to the coin having an insane amount of value in the future. I like to look at Ethereum's blockchain as a company and Ethereum itself as the shares and when I look at the potential the "company" has, I want as many "shares" as possible. I don't care if Bitcoin or Ethereum goes up 20% next week or down 20% next week, I will be buying simply because the value that these coins have. I believe that these two coins will be two of my most profitable investments. I also want to use these coins to bring in revenue for myself through yield farming and staking and believe that that will be very profitable long-term as well. ​Follow @financebycwt on Instagram and Twitter
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