… few words from person which is watching this market for over 5 years and looking for long term patterns based on fundamentals and utility not the promises of the founders. I am not going to put any technical tools as they are useless when chart is couple of months old. Technicals are using in grown and harmonic markets. In 2016 when I got interested in blockchain related topics I found that Ethereum real feature which can be used in near future. There were many ppl teachings how to program smart contracts it really looked like future of payment, electric cars’ payments electric bills etc. All governed by blockchain which should work perfectly. There were many projects like ETH lottery etc.
We have mid of 2021 and nothing like this happen. There is a plenty of promises made but nothing really happened. There is no popular eth lottery as far as I am concerned. Eth in current stage is too expensive and slow. I heard rumour that Visa will be using eth blockchain. Waiting few hours for transaction to went through the network and see like 10% charge for payment is scenario I would expect in current stage of development.
…Friend is telling me from time to time about new crypto coins and it was some time ago he mentioned Hbar. Most of the coins he mentioned never got my interests but this one is a totally different story. The conclusion I made was that it is quite possible that are witnessing time loop or back in time scenario.
What I mean by Time loop: Hedera with its possibilities (fast the best security possible and normal price for transaction) sounds very promising like ETH in 2016 but with difference in terms of technology and blockchain awareness.
Like most projects it is backed up by big companies/corporations. When you scroll the list of them you will notice serious companies which to me are in the top in terms of future technologies. These are IBM Google and Boeing. For time being the coin is on the market for couple of months and it should take 2 years and half to see couple of hundreds spike in value if we will witness same scenario as ETH price surge. In my opinion it will be 1 year to see some serious movement, also I am looking at Hbar not as the coin to make transactions but rather different form of stocks and the price of Hbar will represent the company itself.
There is no way for me to know the future and current time, but at the same time it is rare to see investing opportunity with such enormous possibility to take big market share.
Scenario here may look like Amazon in 2001 which survived dot com bubble implemented cloud computing and well 20 years later, it is on the top of the market globally. The founder of the Hedera mentioned in one of his presentation at least once that real project will proof its value when crisis strikes.
I see it as long-term investment and with current market scenario I would slowly buy while price will be going down. It is highly probable that this coin will go up and when it will be in news and forums under the same old phrase …If you would invest in hedera in 2021 you would be millionaire by now.
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