2030: What Will Your Holdings Look Like
Do you realize how far off 2030 is? If we go back in time, 8 years ago, that was early 2014.
To put it in perspective, that was more than a year away from the release of Ethereum. Mt Gox was somewhere around that time period.
In this video I use Tesla, Hive, and Bitcoin as examples of how I approach my long term holdings.
As always, this is not findnaical advice, just information on the Internet.
▶️ 3Speak
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Probably very different than what I hold today.
Long-term thinking got Warren Buffet where he is right now and the short-term view got SBF in jail.
Bear markets are for building. History repeats itself and this has proven true time and time again. If the future was bright when prices were high, how much brighter should it be now that things are trading at a discount?
I'm just keeping my head down and continuing to stack.
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My portfolio will most likely be Hive and my semi-automated organic farm (actual food production kind of farm), lol. Maybe some BTC or LTC in there, but really just use them as transaction coins.
The long term view is what is most important. I also think it's best to build your position when it's being beaten down and I can't see myself getting out of Hive because the development continues.
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Summary:
In this video, Task discusses his approach to long-term investing, using the year 2030 as a reference point to analyze assets like Tesla, Hive, and Bitcoin. He emphasizes the importance of looking at investments with a long-term perspective, focusing on the potential value these assets hold by 2030. Task expresses his belief in Tesla becoming the largest company by market cap, Hive as a leading blockchain by 2030, and the enduring presence of Bitcoin in the cryptocurrency market. He highlights the current market conditions, suggesting that bear markets present opportunities to build wealth by adding to core holdings when assets are undervalued.
Detailed Article:
In the video, Task starts by explaining why he chose the year 2030 as a reference point for his investment analysis, highlighting that it's a recognizable and easily understandable timeframe for long-term planning. He reflects on past events like Mt. Gox and the introduction of Ethereum to put into perspective the significance of looking ahead to 2030 in terms of evaluating investments. Task draws parallels between Tesla, cryptocurrency, and high PE tech stocks, noting that the negative news surrounding them in the current market presents attractive buying opportunities for long-term investors.
Task shares his conviction that Tesla has the potential to become the largest company by market cap in the world, which is why he continues to hold and accumulate more Tesla stocks. He also expresses his confidence in Hive, citing unique characteristics and developments that set it apart as a blockchain with significant future potential. Moreover, Task emphasizes his belief in the enduring presence of Bitcoin, stating that as long as cryptocurrency remains relevant, Bitcoin will likely benefit due to its prominent position in the market.
The core message of the video revolves around the concept of dollar-cost averaging and the importance of adding to core holdings during bear markets when asset prices are low. Task stresses that opportunities to build wealth arise during market downturns, emphasizing that buying undervalued assets during these periods can lead to significant gains when prices recover. He encourages viewers to focus on long-term perspectives, setting aside short-term price fluctuations in favor of a strategic approach that considers the value and potential growth of assets by 2030.
In conclusion, Task's discussion in this video provides insights into his investment philosophy, emphasizing the significance of long-term planning and strategic asset allocation. By using 2030 as a benchmark, he prompts viewers to consider the future potential of assets like Tesla, Hive, and Bitcoin, highlighting the opportunities presented by bear markets for building wealth through prudent investing practices.