Investing, Cryptocurrency & POWH3D

Investing, Cryptocurrency & POWH3D

As a long time small investor of stocks, mutual funds, bonds, etc.; it was hard not to notice the revolutionary new cryptocurrency phenomenon and not get involved. I started investing in cryptocurrencies about two years ago and it has truly been a bumpy ride. I have watched as my initial investment double, triple, quadruple and beyond, only to watch those profits halve, then quarter and beyond.

Extreme volatility like I had never seen before in traditional investing is a common everyday thing with crypto. It's no big deal for some people who watch as their investment skyrockets 50% or more in one day and tank the next, which happens quite frequently with many “alt-coins”. Even the stalwart Bitcoin sees huge swings over relatively short periods.

So unless you are an active trader who knows how to profit from the volatility, which is very difficult to do with any regularity. You may buy & sell positions based on news and gossip but that can get you into trouble as well. What is your other option? Buy & Hold, right? Do your research, make your purchases and forget about them, possibly for years.

I still own Bitcoin as well as a few other alt-coins, but they do not make up more than 10% of my investment portfolio. I do believe in the future of crypto and blockchain technology but the volatility is just too much to bear with a really big investment.

Then I heard about POWH3D or “Proof of Weak Hands” This really is different from everything out there in the crypto world. What is it? It is a Smart Contract on the Ethereum blockchain. In this smart contract anyone can purchase the POWHD token with Ethereum through the built in exchange. You can buy and sell the tokens with Ethereum at anytime you like, but here is the catch; every transaction on the exchange is charged 10%. I know what your thinking: “10%, that's robbery, what a scam!”

Well, hold on a minute. That 10% surcharge for every transaction is evenly distributed among all of the tokens. Each token holder will receive a distribution; the more tokens you have, the more you will receive. I know what your thinking: “Sounds like a ponzi/pyramid scheme, you have got to be in on the ground floor and it's unethical.”

Well hold on another minute. It does not matter when you get in. Every token holder regardless of when they joined receives distributions at the same rate. Even if you are the last person to join, you will get distributions from anyone who sells and buys. I know what your thinking: “Great, you get paid these distributions in some second rate token that could be useless at any moment, right?”

Well hold on just one more minute, please. No, all distributions are paid in Ethereum! You may choose to withdraw anytime you please (there is no surcharge on Ethereum withdrawals). You can also reinvest the Ethereum and buy more tokens if you choose.

There are no bids and asks on the exchange. The price of the token will rise and fall automatically as it is calculated by the built in smart contract robot; let's call him Jimmy. There is also no maximum supply as Jimmy creates and destroys tokens based on demand. The token is essentially a representation of your “store of value” within the contract on the Ethereum blockchain. You will not find this token on any other exchanges. Your value can not leave the safety of the smart contract (unless you have Jimmy sell it). You can't buy stuff with it or do naughty things on the dark web. It has no use other than to store and grow your wealth.

So your probably wondering why such a high fee for buying and selling? One reason is that you and all other token holders are essentially the exchange owners and you are paid exchange fees. Just like regular exchanges, powh3d exchange charges you for every transaction you make, but unlike regular exchanges, the powh3d exchange pays you for every transaction everyone else makes. All fees are distributed only to token holders.

Another reason for the high fee is that is stabilizes the system and what it accomplishes is great for people like me. It rewards long term holders (strong hands) and punishes erratic and/or high frequency traders (weak hands). This leads to substantially less volatility. Buy, hold and wait. The longer you wait, the better, as you will build up Ethereum exchange fees from Jimmy and hopefully a higher token price. Withdraw your exchange fees that you accrue or reinvest them and strengthen your hand.

While I love this project and I am invested, please keep your head on your shoulders when investing in anything including POWH3D. This is not a get rich quick scheme.

Other options for purchasing may be available later but for now you will need to download Metamask browser wallet add-on. Fund your Metamask account with Ethereum and go to POWH3D to get started.

Thanks for reading and checking out POWH3D.