HOW TO INCREASE YOUR WEALTH CREATION ABILITY WITH CRYPTOCURRENCIES
As a Mathematician, seeking the fastest and simplest solution to a challenge has always been my hobby. The shortest distance between two points is always a straight line. As a cryptocurrency investor, I know that there will always be a formula that will generally result in earning more cryptocurrencies.
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Though there’s no 100% guarantee of success it is surely worthwhile applying.
"As far as the laws of mathematics refer to reality, they are not certain, and as far as they are certain, they do not refer to reality." - Albert Einstein
You’ll never know if you never try.
I’ll like to start by asking for your thoughts about this guy in this twitter post below:
Well, don’t know about you, but I was like...
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Although, that’s by the way.
The key to increasing your wealth creation ability with cryptocurrencies is education. Anyone who desires success with cryptocurrencies must be interested in learning about cryptocurrencies and investments.
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With adequate knowledge, the ability to predict a great cryptocurrency from the ICO stage with accuracy becomes a skill rather than a mere gamble. You will be able to make your decisions from facts rather than opinions.
Your cryptocurrency investment knowledge is directly proportional to your wealth creation ability with cryptocurrencies. I call it, your crypto-earn-ability. So, what's your crypto-earn-ability?
It is best to learn about a particular cryptocurrency from those who have invested in that particular cryptocurrency than from those who have a general knowledge about cryptocurrencies. Your teachers should be those who practice what they teach. They should be those that want your success as much as they want to succeed because they know that your success will ultimately guarantee theirs.
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Earning more cryptocurrencies requires you to be an investor and not a trader. Most people do confuse these two terms. Buying and holding alone, does not make one an investor.
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In simple terms, people who go “in and out” are traders, while those who do lending with their cryptocurrencies are investors. As a trader, you lose part of your profits to exchanges (most especially centralized exchanges). Also, it no news that most cryptocurrencies, get better with time just like wine. Most traders usually wished they held longer to their cryptocurrencies, because most crptocurrencies always appreciate in the long run. Remember the story of the guy who bought a pizza worth of 10,000 bitcoin, and other similar stories.
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On the other hand, financially intelligent investors of cryptocurrencies do know how to minimize predatory transaction fees on exchanges by investing wisely and utilizing exchanges with excellent lending packages such as Steem, Bitconnect, Hextracoin, Polynetwork, HomeblockcoinBitbase, Goldreward, Pecunio, Geens, and many more.
However, it’s advisable that you do your own research on these exchanges and cryptocurrencies before turning your cryptocurrencies over to them for lending.
The following are some of the exchange platforms where you can buy your desired cryptocurrencies Coinbase,Binance, Poloniex,Hitbtc, Coinexchange, Yobit and lot more.
As a cryptocurrency investor into lending packages, you are in for a long-term profit in the form of cash flow. I bet that’s what you really want. You can happily watch as your cryptocurrency goes to work for you and returns money to your pocket without you losing your initial cryptocurrency.
Let’s do a little Mathematics here.
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Let’s assume you are the guy in the twitter picture above, way back in 2011.
You bought 1,700BTC at 0.06USD
Your Capital= 102USD
You lend it out at an excellent exchange platform; at let’s say 1.5% per month using compound interest.
From my calculations, from 2011 till now, you will be having 1859BTC in your portfolio, which is approximately equal to 13 million USD at the moment. You’ve successfully converted your 102 USD to 13million USD. Let’s also assume that you bought and held it for the six years without lending it out, you will have approximately 12 million USD. Don’t even think about it, the difference of 1 million USD can change a lot of lives. Also, note that you can get a better interest rate than 1.5%.
Well, let’s stop assuming and return to reality.
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We probably can’t have the price of bitcoin back at 0.06USD, but the good news is that there are a lot of potentially great cryptocurrencies like bitcoin currently at 0.06USD or even at a lesser price.
You’ll never know if you never try.
Probably if the guy from the twitter post had found a post similar to this, he would have tried applying the suggested method herein. Now that you’ve found this post, if you won’t try the method prescribed here, you can at least share it with someone. You never can tell how much you will be giving out.
KNOWLEDGE IS POWER!
STEEMIT IS CARING!
YOU ARE GREAT!
Thanks for reading to the end.
I would love to know what you think about this post. You know, as a Mathematician I'm always on the lookout for the best means to solve a problem. I'll welcome all comments and suggestions. Thanks a lot!
Love Ya.
Wow! I want to become a crypto investor right away. Thank you for the eye opener @fessikay
You're welcome, bro. it feels great to hear that this post is an eye-opener.
Thanks for all the cryptocurrency investment tutorials you have been giving me for free. looking at cryptocurrency i discovered that if we could understand the index in the market structure then we would be successful investors. its indeed an eye opener. Thanks
Thanks for your encouragement @tochukwu88, it really means a lot to me.
Knowledge is truly power. What one doesn't know, one doesn't know.
If one is not informed, one is deformed.
Wow. Thanks for sharing 👍
I enjoyed reading this and got an insight into how one can create wealth through cryptocurrencies. You have simplified the entire topic.