Building A Solid Foundation
Crypto Is Full Of Opportunities
Being this early in crypto gives us the head start the masses will not have the luxury of experiencing and why we need to make this time count. All of us in crypto know that mass adoption at some point is inevitable ad digital currencies are the future.
The timeline should not be something we should be worrying about as this is not something you can influence or control. The only thing you can control is that you stay active growing your bags as big as possible. Personally was not as early as some of you and have only been active in crypto for 7 years come March next year. It does sound kind of weird saying only 7 years as that is some chunk of time.
Thankfully over this time I have started to generate some real dollar value which will compound and be worth far more. Now imagine if you had spent 7 years and had little or nothing to show for your time which is rather a sad thought, but seems fairly common. I still struggle when you hear that 95% of people in crypto have lost money and are not ahead. If that is the case you either have to be so unlucky or most likely not the sharpest tool in the box.
My aim was always to build a solid foundation not realising how much time we actually had because that is an unknown factor. As time evolves into years your targets grow and change constantly along with your strategies.
A very good example of this is 3 years ago with my COTI investment my aim was to achieve the minimum 15K COTI requirement. Running a node you had to have 150K COTI staked and last week I achieved that number. This was never even part of the thought process because it was always out of reach. Possibly in the future this could now be an option because once the prices start to rise most people will not be able to afford this 150K COTI.
In the next 5 years as we start to see the cross over from crypto into real world use cases values of certain crypto projects will rise accordingly. 150K COTI is worth roughly $15K today, but could easily be worth more than $150K or $300K and how many people could afford to invest that amount to run a node?
This is why building and growing your portfolio is not for now and more about tomorrow as opportunities are available if you have value. The income generating streams are already happening and even though they are only worth a few hundred dollars a month we have to see the bigger picture and realize that the value has yet to arrive.
Another cycle of growth once you have a solid foundation is only going to speed up the growth process even more making what you earn today look small in comparison. This is the beauty of compound interest whilst staying active and more importantly sticking to a strategy that works over a lengthy period of time.
Posted Using InLeo Alpha
Hello, I totally agree with what you say we are pioneers in this crypto world and we have experienced many very good situations and also others also unpleasant, but always since I started in this world, also almost on average time as you started 8 years ago and it has been an incredible journey with many experimental projects in which I have achieved my journey and some where I got good money and livelihood in a futuristic way because they were practically new and innovative jobs.
This itches and spreads for many reasons we are the ones who have entered this world and know how to do many things in today's financial world that average people don't even know exist and that of course gives us a great advantage.
Accumulating crypto of course is a big gamble and this in the future will not prove to be right when mass adoption comes.
I was thinking about writing on Hive about sports specifically NBA because I was doing it before on Scorum with quality posts but here I am known in a different community than sports, but I think I will do it anyway to start getting support from people who vote for quality posts, I actually agree with a lot of what you say and I think you are taking the right stance on this.
Yes write about topics you are passionate about because that is why people will follow you. There are few people writing on sport so it is a good opportunity to stand out and be noticed.
Thanks friend @cryptoandcoffee I will do it, I doubted it because I have seen little support for these topics in Hive specifically sports, but it is as you said you have to write topics that we are passionate about, nothing more true than that.
I have met many valuable people here, through my writings and I think I will continue to do it because the idea is to share our vision.
It is a fact that if we want to earn money from this industry then our knowledge must increase a lot and here we get a lot of opportunities. If our luck is good even for one day in a year, we will definitely succeed here.