Crypto: 1000x Your Money Starting Today

in #steemit7 years ago

Do you want to make 1000x your money in cryptographically secured blockchain investments? Here's the strategy in bitesized pieces.

The Fundamental Key: Usefulness

The blockchain needs to be used in order to have any value. So many blockchains have come and gone, or have come and after some time has passed, are now only barely hanging on.

For example DopeCoin once held promise as the number one coin for people to use if they want to buy or sell marijuana, but it didn't bring enough special sauce to the buyers or vendors to make it a better choice for trading weed than bitcoin itself, or now dash, monero, and other privacy coins are offering. While DopeCoin is still trading on some exchanges, it really doesn't have much going on these days and its value has plummeted accordingly.

When a coin or blockchain holds so much promise -- like this "coin for everything weed" -- how can we become more sure whether or not it will take off? Well, you've gotta have someone you can trust that has the confidence and skill to assess whether or not there is a real utility to the token. In the case of DopeCoin, the utility wasn't there because there were already other coins doing its job, but better.

The Second Key is Purpose Of Blockchain

There is an interesting story of the tortoise and the hare. The two organisms are involved in an eternal race which will never end. The character "hare" runs the race by sprinting ahead before resting while the "tortoise" moves along slowly, always moving, always pressing on, at its slow and regular speed. Since the race is eternal, neither creature will ever really cross the finish line. But neither is either creature concerned with crossing the finish line. These are dumb animals we're talking about. A rabbit and a turtle for God's sake.

The human being, such as you and I, does not have the blissful ignorance of mere beasts. We have bills to pay and even more critically we have ego's to satisfy. There is no way a poor person can be happy unless they have convinced their ego to accept inferiority as their lot in life. I hope you have not done such a persuasion upon yourself, dear reader. But by refusing to be slave to your impoverished heritage you now have no choice but to fight for wealth, or be recognized as a fraud by the ego you are forever entangled with.

So your cryptographically secured blockchain token investments have to be selected carefully. They must be purposeful blockchains and not mere pump-and-dump promotions by scheming minds who happen to have some programming experience.

The second key to 1000x'ing your money in crypto is to select blockchains developed by people who have a clear purpose for the blockchain outside of "me too want blockchain".

The Thid Key is Patience

Once you have selected a blockchain to invest into in this space you must not ever sell it (except when you are ready to cash out hundreds of thousands or more on it, but then its probably better to take a loan out against your blockchain token collateral).

This is the worst part for a lot of readers, especially those who don't have an income.

See, you just won't make it without an income. You've got to be earning the fiat dollars while the fiat dollars are what people are trading for goods and services you want and need, such as rent, restaurant food, and insurance. If you can't pay these expenses from earnings over each of the next five years, you will be forced to prematurely sell your investments. You actually want the opposite to happen. You want to buy the blockchain tokens you identify as useful and purposeful, and never sell them, but without an income you will starve to death before any investment comes to fruition.

You also are a living, breathing person, so you will get bored if you don't have something to do -- whether its buy or sell -- so you've got to keep earnings so you can keep buying, and that will help you have the patience to never sell.

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