Paying it forward in crypto

in #crypto8 years ago

I remember when I started on Steemit and how much of a noob I was. Now, don't get any ideas, I'm still a HUGE noob but I am less noob than I used to be.
And I remember what my state of mind was and what stupid stuff I used to say. Like many of you, new to this crypto-crazy world, it all seemed a bit out there, a bit like a parallel reality that somehow connected with our current reality. What's more, you could bring some of the gold from the crypto-reality to our day-to-day reality. Huh?!


I got lucky though. There's no denying that. Sure, the luck of finding Steemit early is the first and maybe the most important of it all.
BUT
Joining the Steemit chat was arguably equally lucky. It was the first time I used a slack. I did not know what SLACK was!! <--- noobALERT!

I like to chat so I got into a lot of discussions with people there. I know I must have spewed a lot of ignorant questions. I can't remember but I hope it was only ignorant questions, which I can respect and not ignorant advice, which I think it's a crime. The luck here was that my ignorant questions were answered by smart, knowledgeable and patient fellas. How did they put up with my stupid questions and answers. My constant FOMO. My giving in the FUD. My buying shitcoins and acting smug. Etc eTC ETC?
HOW?!


thank god they did not think so :D

I am still amazed that they stuck around and took the time to teach me and guide me to knowledge, sometimes repeating the same thing again and again and again. I like to think that something stuck with me. I like to think that they got something out of it too. What, exactly, I wasn't sure until recently....

...recently, I got on a crypto-forum and read some stuff people wrote there and I was amazed by the level of ignorance, trolling, stupidity that I observed. No, I do not want to be all haughty. It's just fact. The people wanted to buy coins, without even understand what they were buying.
They wanted to trade, without understanding anything about trading.
They were all pursued by one goal: make money.
The problem is - make money - is not a strategy in itself. It's not even a tactic. It's a wish. And wishes don't make for smart actions all that often.

This one guy wanted to buy a coin that just started trading and it was at 5x of its initial value. I argued with him that this is not a good idea. We had a long chat about the pros and cons of his decision. For 30 minutes we dueled and it was ...fun. I was forced to have better arguments and in the process, understood MY poistion better.
He was forced - I hope - to face his own flaws in argumentation.

I was honestly thorn on what to do. On the one hand, these people and their ignorance is a reason why so many smart people make money in crypto. On the other hand, I believe that exploiting stupidity is not a long term value proposition.What I mean by that is that this "bubble" will pop if we build it on people stupidily giving away hard earned cash. Eventually, they'll say "no more"! and all the bubbles witl go POP! POP!.
But do we need that?

In poker, there's money to be made when playing with lesser opponents. The worse the opponent the better for me. Even there, I?feel bad to play i with people wh are literally throwing money away. sure, that's the purpose of the game and sure, i did not force him to play but still...
In crypto, the value comes - in my opinion - from the word-chainging potential of the tech. We don't need stupid people that throw away money to make money! I think what we need is more people to be #woke to the potential of this technology!

Upon reflecting I realized that I can do something. I can help a noob find his way around crypto and not get scammed. It's a bit sad that this is necessary that there are so many shit projects that are all too happy to take your money on empty promises and run. But that's human nature, can't fight that.
Yet, with knowledge, we can fight these scammy projects and maybe less people getting into it will lessen their motivation to exists.
Really, there are SO many great projects in crypto-world that I see no reason to join a bad one.
Of course, there are more bad ones than not....

Untitledccc.jpg

Anyway, so what can I do?

  • I'm thinking commenting on Steemit posts and helping out/answering questions is one way to "help a noob". If I see people with questions or even with flawed arguments, I'll try to help and shed some light, if I can. Sure, many will not hear me out. I know I did not follow ton of good advice I hae received. Sometimes, we are not ready to follow good advice.

  • Learning as much as I can! That might sound counterintuitive but the more I know, the more I can share. A lot of times, bettering myself is the best way I can help my friends, my community, my followers. I shall try to be forever on the learning wave.

  • Commenting and chating with people in the chat or forums and trying to get them to understand some core concepts. This is particularly difficult, as a voice can get so easily lost with so many trolls yelling. But, in time, I hope that at least a few people might get something out of it.

I'm thinking and proactively trying to find ways to help as they appear. I think just having this "helping" mentality will help me manifest some opportunities to do just that.

In the end, I helped this guy not waste his money on a shitcoin and I felt really good. There's a lot of power in helping, sharing and teaching. I almost think it's a selfish act to help if you get the kind of satisfaction out of it that I do.

And I think I understand what my mentors and early helpers got out of it.
For one, I'll never forget them :)

Sort:  

My only advice for people to get into currencies is to start with Steemit. Risk free + it provides the essentials to get your feet wet in the crypto- sphere

Great suggestion to people unfamiliar with crypto! Start without investing a cent and get associated and comfortable with how things work. Once their hooked, (they will be) it will snowball from there. I'm going to start using that in my pitch to bring more people to Steemit.

Hi I just got approved today and I joined because I love being creative and writing poems and stories . but I am honestly nervous , not knowing what to post . I really like your idea to just get comfortable and see how everyone else is being creative in there own way . Thank you

Write about whatever you are interested in. At the beggining it's better to comment on posts of other people. Find others that have the same interests.

very good advice!
it just takes a LOT of time :)

Thank you onthewayout : ) that is exactly what I had in mind : ) taking it easy and enjoying other ppls similarity as mine : ) I have found a few

in time, you'll find what your niche :)

very true : )

I do that too, but some want to put in money of their own and don't like writing.

They can power up and start curating with a bot.

How does curating with a bot work? Can you point me to some resources to understand what that's about?

Thank you for helping welcoming us new people . and being thoughtful to pay it forwards :)

Yes that is good advice. I started leaning about crypto when Bitcoin first came out. I love the crypto space!

I've got a noob question.. Usually my upvotes are worth 2-3 cents, but upvoting this post kicked up the payout over $15. How did that happen?

I just started learning about this stuff in February and its completely overwhelming! I bought Bitcoin from Coinbase in February, and bought some Ethereum too before I even knew what it was! I'm trying to learn something new everyday, but I started at level 0!

Well that is surprising, my upvotes are also becoming more rewarding now. I wonder wow.

Also, when you don't refresh your steemit page and upvote. That upvote alone seems to refresh the webpage for you and updates the current upvotes and comments, at least that has been my experience. Might be totally wrong, has anyone experience this?

You are correct @becerra18 . Once the post is visible on your feed or you clicked on it, the vote counter and $ counter are stalled. It isn't until you vote that the page refreshes. In that short time frame (super short time frame if the poster has a ton of followers) 100 people could have voted and altered the payout.

Dope! Thank you!

great name!!!
and thank you for helping out!

Nice! I think it depends who you vote in the same time with. Also, you upvote 2 3 cents when you are first to vote but you give more as the rewards gets higher for every post.
I'm glad you are into it. I alwasy recommend people to watch this video:
https://www.ted.com/talks/neha_narula_the_future_of_money

thanks for info nice to see good blogger to earn good money without selling shit to the people! Have followed you too. Check out my Blog for life changing infos about blockchain platforms too.

Thanks for the response. I had the same question, but haven't been bold enough to ask it yet.

You are on it now dude. We are all in a great spot to learn and grow with the new technologies. Its exciting to me.

GREAT ARTICLE, I STRONGLY BELIEVE IN THE PAY IT FORWARD PHILOSOPHY!

Thanks a bunch for sharing such generosity and thoughts with us, we all win in the end. All for one and one for all! Namaste :)

namaste!!

Glad you remember how it is for the noobs lol. It's a whole new world to me, but I am enjoying the learning of it! Thank you :)

sure. feel free to stop by with any stupid question you might feel you have. THERE ARE NO STUPID QUESTIONS!

Thanks for the post, Raz. I just joined today and I'm sure I'll be stopping by periodically to take you up on the offer and ask questions as they come up. The steemit community seems like a strong and welcoming one so far. I really hope it continues to grow.

I think there are a bunch of really cool people on Steemit. Worth finding and following!

Hi there, great post :) noob questions:

  1. How do you know when to sell? Do you've a target set?

  2. What will you do with the money after you sell it? Reinvest it to other altcoin?

  3. I've heard people always saying about passive income and financial freedom with cryptocurrency / stocks but this doesn't make sense since you always need to sell, reinvest and sell.

I can;'t really give you a good answer to that...when to sell if ever is very personal decision. Please read this GReat advice here for a strategy...

But I think the most important thing is to have a big-picture strategy so you can decide what you want to get out of this.
My general advice is buy things you really believe in and don't sell too often.
But again, that may vary upon your own needs and risk-resistance :)

I guess it's about financial freedom OVER time as stocks/crypto appreciates...

Thank you for these and maybe someone else can answer

Thanks for the link. Going to read that.

what better to post in steemit, I am new, posting everyday, but don't have good result, is the post seccuceful because the author has a lot of followers, or something else ?

A lot of factors: content, followers, subject...but it also takes A LOT of time. Steem on!!

how long you are in steemit ?

Raz, how long would you say it took you to build a following?

well, i am not sure i have a "following" :)) but I've been posting pretty consistently for 11months or so

I'm a complete noob... just joined yesterday. I'll take it slowly and try to learn. Thank you for writing this article.

I feel like I'm going to spend the rest of my life as a noob! I've been here for 6 months and still don't know a thing about crypto!

Haha! That's nothing to be ashamed of! Some people are just less interested in this..but that's the beauty of Steemit, you don't need to know anything about crypto to enjoy it!

That's great... I just keep writing (like I was doing for free on Blogspot) and get paid! It don't get no better than that!

I've been paying it forward on Steem like crazy with my graphics. This is an awesome post <3

Cool post...I hope you make more :)

I'll keep writing about crypto because I find it fascinating. Glad you enjoy it!

And I like it :)