What To Do In the Crypto World This Year????? A Suggestian From A Steemian
Here is the obligatory this is not financial advice, so seek out the proper consultation before doing anything....this is for informational purposes only.
To start, I am going to say that cryptocurrency is going to be the greatest wealth creator for the average person in the history of the world.
For too long, the elites profited while the average Joe/Jane struggled. The system, no matter how it was designed, only served a few. The rest were left to live on the scraps, literally. This was true in the times of monarchies and certainly is true in the central bankster era.
This is all changing. Now, the creation of money is not limited to the ruling elite. Instead, anyone with a bit of know-how can create money. This is a radical departure from the traditional model. It is also why the powerful are fighting it at every turn. While the war is won, there will be many battles along the way. Decentralization is simply too powerful even for the elitists.
So what should you do to take advantage of this?
My answer is simple:
This needs to be your focus for 2018.
While prices have run from where they were a few years ago, in the blockchain/cryptocurrency world, we are still in the first inning (actually we are still singing the National Anthem). This is going to be a decade long process taking us to the later part of the 2020s.
Since everyone who is reading this is most likely on STEEM, that is the starting point. Over the past few weeks I wrote numerous articles about how people should power up as much as they can. A couple hundred SP today is going to be worth a lot in a year...and worth a whole lot more in 5 years. @ned has the goal to tokenize the Internet. Once you know the working of this blockchain along with some of the future plans, you can see how that is possible.
We are already starting to see some of the results of holding STEEM. Both Appics and Vice announced in their white papers that they held a certain amount of their tokens aside to be given to holders of STEEM. Here is a way to get tokens without investing money. Once the Smart Media Token protocol is released, we should see a lot more of this throughout the second half of 2018. As companies implement the content/reward system into their website, a certain percentage are going to create their own tokens. This bodes well for STEEM holders.
The other thing everyone should be focusing upon is Cryptocurrency 2.0. For those who haven't seen me use that term, I designated that to mean those tokens that are acquired via their utility. While Cryptocurrencies 1.0 like BTC, ETH, and LTC required purchase (either of the token or mining equipment), these newer currencies can be acquired simply by doing what they were created to do. STEEM is an example of this. It was designed to be given as a reward for posting, commenting, and upvoting. So how do you acquire STEEM? Post, comment, and upvote.
Before thinking it is all sunshine and butterflies, we need to be honest about what is going on. There are a lot of projects out there which sound good yet will fail. At the same time, there is a lot of stuff out there that is outright dishonest. Many tokens are not going to succeed. For this reason, you want to get as many different ones as you can.
Personally, I am taking whatever I can get. If I get an email notifying me of a way to earn 25 or 50 tokens, I am taking it. Those tokens might be worth $10 or $20 in a year...or they might be worthless. Either way, since I did not put up money, I have no risk.
Think about that for a second. I have no risk yet unlimited upside....the only ones I ever saw get that were the US Banksters who leverages their trades to the hilt and when they went bad, the government paid them.
Guess what, now we get the same advantage.
It only takes a couple of different projects to take off before having a handful of tokens becomes very profitable. Some have programs where it is fairly easy to earn hundreds, even a thousands, tokens. Again, if that eventually hits $10 or $20, you have a nice sum of money. At this moment, there are many projects with that potential and, I can guarantee, there will be a lot more throughout this year.
Diving into cryptocurrencies will be the best move you made in your life (next to marrying what-his/her-face). This will change the circumstances of the entire world. We are starting to see the foundation of a new system which is creating abundance. STEEM is leading that charge.
For those who are interested in buying cryptocurrencies, that is a smart move also. Of course, my suggestion there is to be prudent in the projects you choose. There are many suggestions on here about approaches to take. Basic investing skills should always be applied (such as do not invest more than you can afford to lose, diversify to spread risk, pick sound entry points, etc...).
No matter what your approach, garnering as many coins as possible throughout 2018 is the goal.
We have seen the "printing press" handed to the average person. It is up to us to take advantage of it.
If you found this article informative, please give it an upvote and resteem.
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Great post @taskmaster4450. I couldn't agree more, acquiring coins is something that I have been doing since August 2017. Most coins that I have bought since then I have held on to, apart from a select few.
Building a diverse, well strcutred portfolio is absolutely key, and I plan to spread my investments to some more traditional assets towards the end of 2018, in order to make sure my portfolio is really diverse. Thanks again for sharing.
Hahaha......... Steem is leading and for those who heed to this advice, of course wealth would be the order of the day. It is going to create general wealth devoid of class or status. Indeed this is the era of the 'poor masses '
no doubt about this...cryptocurrency is already taking over.
funny enough i had always hated crypto, never knew much about it and didnt want to have anything to do with it until i joined steemit and my eyes got opened to the potential and opportunities in cryptocurrency.
its sure going to worth a lot more in few years time, that's for sure...but i dont seem to understand what you mean when you say that @ned wants to tokenize the internet.
That makes two of us
Steem actually launched me into the world of crypto
Yup, same. Until this, I really didn't have any interest in crypto(mainly because the only way I was aware of getting it was buying it :) )
I am a crypto huckleberry. What would I, or many of us, have to lose anyway? The other game, the fiat game, is rigged, and it always has been. Just how are the big boys going to slow down or stop the decentralization train? That is the question. I don't know, but the thought of it could keep me up at night? Long live the Steem...
It doesnt keep me up at night because it is a done deal.
They cant stop it...they are pulling out all the stops and look at what they are achieving. They are putting some fear into the masses by having this price collapse. Yet the blockchains are still forging ahead. And people have short memories...wait until this cryptos take off. People will be jumping in left and right.
Blockchain is guaranteed to cook whatever stands in its way. The Internet has now come to money...we only need to look at the newspaper, magazine, long distance, and record industries to see what happens.....
It will be a bloody mess for them....
Agreed. I read today that there is a massive reduction in Facebook traffic, something like 25%. Now that's got to leave a mark.
Also:
I thought you might find this of interest: (and because it is just another cool example)
Yes, @myhuntingfishing will definitely be taking a look at them and upvote and Resteem their best content as well. @myhuntingfishing has received a delegation of 1,000 Steem Power from @bbrewer and will be working to get more delegations and thus be able to award more hunting, fishing, shooting, firearms and other outdoor content. You are the first to get an upvote with the new voting power. It's not a ton but it is a start! I hope to stay in touch with you as we build this community. Steem on @huntbook.
I spent years thinking about getting bitcoin but I had 0 savings and made so little and for a while I wasn’t even sure how to get any. Then it shot up and I wasn’t like “oh...shit”. As soon as I found steemit, I didn’t have to think twice, although I didn’t think much about crypto for my first few months here. Now I finally have some savings and I started with absolutely nothing. I suppose I’m already a success story, although I hope we all become much bigger success stories.
I’ve been searching for other ways to earn crypto...staking isn’t really the best as I barely have enough to make much doing that...Know any other ways for non developers without much money?
Love the positivity during these dark times! Crypto is the future.
You mention that people can earn tokens just by doing what we're doing, you know what I think would be super helpful to new users?
A post listing out the different ways people can get tokens. Things like earn, manna, maybe airdrops(thought that's more complicated) all these different ways to get tokens that a person new to crypto has no clue about. I know I pick new ways up everyday, but seems like you know quite a few that I don't.
Thanks for the comment @jakeybrown.
I wish I had that list...I am looking for things to earn in such a manner too. LOL.
I try to repeatedly mention some of the ones I am in...to give people something to jump into.
The thing I keep saying is at the top of the list, is to keep powering up....there is nothing more vital to the future success of people than SP. I think that is going to radically alter the lives of millions.
Cryptos are the wealth creator . Right now we should either buy or hold our coins . This mini crash wont last long . We should collect as much cryptos as possible before complete mass adoption , we all lucky to be into cryptos right now . Institutional money is trying to get in right now , they are creating and spreading FUD across the internet to cause panic sell so that they can accumulate at low price . We should take advantage of this manipulation and accumulate as much as possible .
Yup, essentially building one's wealth (not the sole method) by leveraging on the potential of Cryptocurrencies 2.0 is a no brainer:
Basically, you WIN free money and you LOSE nothing because you don't risk anything!! And STEEM Blockchain is the perfect fit for this wealth building strategy, so keep steeming people!!
I agree. I think this latest dip in almost all crypto currency is an amazing buying opportunity. Buy low sell high has been the name of the game. In the case of steemit. Earn low, hold it change your life for the better.
Great read. Thanks for the perspective of the risk free aspect of going about crypto. As someone who is recently getting into crypto and learning more about other tokens, this helps investing,
"I did not put up money, I have no risk."
Little extra time invested with no money involved sounds like the right path. Especially if some of these other tokens blow up as much as other leading crypto, you'll be kicking yourself for not doing so.