30 Days Writing Challenge, Day 20: Being An Early Adopter In Crypto Guarantees High Returns?

dragosroua (74)in #steemit • 5 years ago

This is the twentieth question / topic of the 30 days writing challenge I announced a couple of days ago. The total amount in prizes is 90,000 SNAX and it's being distributed as 3 daily prices of 1,000 SNAX each. For all the details, please check this post.

This is very loosely coupled with SNAX, and a bit more philosophical, if you want. I can find arguments for both sides of the story. I can see how people who mined Bitcoin very early, got thousands of tokens for free. And those who "hodled" are now anonymous billionaires.

But I can also see how the vast majority of these early adopters jumped the gun way too fast.

And here's where the real question is: "how fast is too fast"?

Is it selling at 25 USD for a Bitcoin you mined for free?

Is it selling at 200 USD for a Bitcoin you mined probably with 4-5 USD?

Is it selling at 1000 USD? At 5000 USD? At 20,000 USD?

How about selling at 50,000 USD in two years? And how about selling at 5 USD in the same two years window? Because really nobody can guarantee that Bitcoin (or any other crypto project) will reach 50,000 USD in two years...

Now, try to replace Bitcoin with STEEEM or with SNAX and let me know how soon is "too soon" for you?

IMPORTANT: please state your SNAX username in the post, so I know to which account to send the prize, should you be amongst the lucky winners! Thank you!

You can start writing your article for the challenge right now (some of you already posted, nice), the time window is: Saturday 8th June, between 00:00 UTC and 23:59 UTC.

I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.