I Don't Care What the Price Is: Crypto is Vital to Any Sane Human!
Hello there,
So even though I had a hiatus I recently returned from - I never sold my crypto and I kept adding to my portfolio... but why?
Well, to put it simply, because those who don't invest in Crypto are simply crazy... and this isn't just a "Bull" thought.
Even in Bear Markets, crypto is the best choice...
...but why?
Why should people who believe crypto will fail invest in it? Why is it the best choice even for the most FUD filled human?
Well, this post is about that!
Read below if you're interested...
My Bank Manager Told Me: Why Not Open a Savings Account?
As someone who has some liquidity right now due to the fact I'm making a piggy bank for my wedding, my bankm manager contacted me and asked:
- Professor Max, how about openning a Savings Account?
And my thought went right out at:
- You must think I'm CRAZY!
A savings account... really? That thing gives me what... 3% per Year TOPS??
That's laughable!
The truth is, FIAT based investors are playing at an handicap nowadays... their investment products produce LAUGHABLE returns compared to alternative investment products like Crypto or even Virtual Cash economies.
With these ones, I can get an insane amount of residual income.
STEEM is a damn good investment program:
So, let us take STEEM for instances...
On my hiatus, I left 50% of my Steem Power delegated to newbies I adopted and noble initiatives FREE OF CHARGE - that means I got no income from it.
However, I parked the rest of my SP on @therealwolf 's @smartsteem so my votes wouldn't be wasted during my away time and so I could reap some profits.
This gave me returns banks would never ever give me.
The percentage? Well, it varies depening on the VP to be used, but it is ALWAYS upwards of what you get with any mainstream investment and you get more profit in a week than on a whole year with banks.
This means that even people who would spit on Cryptos' faces would enjoy having their money here.
Only the craziest of crazies would get their money elsewhere, as the choices are so many (on tokens that pay residual income) that you can dillute your risk so much it is impossible to lose!
Entropia Universe: I'm not a shill!
So, I talked about Entropia lately, but it has no referral program and it exists since 2003 so I don't benefit from promoting it (and its PED token price is PEGGED at $1 so I am not talking about it to make the price rise either).
The reason I'm mentioning this is because this is an OLD GAME. This OLD GAME is a better investment option than the mainstream financial institutions and their products...
...HOW SAD IS THAT?
I can grab $100 and get $1 per week in that game, what financial product allows me to do that in the off-crypto world?
None.
This backs my argument, once again, that only the craziest of people - or the most biased towards the "old world" would invest in savings accounts... it is just not worth it and frankly a FREE TICKET for banks to earn huge profits with YOUR MONEY by doing smart investments themselves.
Heck, I wouldn't be surprised if the rich folk were shifting their money towards exchanges by now.
In Conclusion:
Do you want to profit?
Put your money on Crypto... even if you don't like it!
I guarantee that once you see the interests paid, you'll love it!
Cheers!!
Join the Crypto Empire Community
Bucket of Goodies:
- Trade Your STEEM: Binance Exchange
- Hire Me on STEEMGIGS
- Get Universal Basic Income - Free Tokens
- All Images Copyrights Free From Pixabay
Thought came to mind, at mention of your wedding prep...
Had a little flashback, just over two years ago and was preparing for my own wedding... was living in Bali, DJing, had pretty much no savings, planning to come back to Canada, fucking clueless about what I’d do to make money, did not want to continue the broke-ass DJing path - much financial uncertainty.
Then, came Steemit. jumped onboard with no expectations. Yet, turned out rather successful - rewards providing a reasonable buffer to leap back to Canada without too much stress, giving some time to figure things out / let circumstances evolve. Then, months later, all those savings in crypto multiplied. And even at this point, at the bottom of the bloodbath, doing way better than I ever expected while was sitting in Bali clueless on what came next...
Anyways, my point here...
Perhaps your timing might follow a similar cycle... while we’re in the midst of a deep valley, maybe the universe has a pending wedding gift in store with a market rebound.Only a matter of time, right...? Maybe that timing will line up most magically.
(Or maybe that’s just partly selfish wishful thinking on my part. *Want to be my lucky charm and test the theory out...? Lol! 😁💖)
Also...
I’ve really been out-of-touch with bid-bots and investment stuff here... would you be willing & able to give me a total “for-dummies” summary of what exactly the @realwolf and @smartsteem arrangements are, how they work, and what kind of returns they produce?
I've looked at it, I'm just not invested in much deli-wise other than my own initiatives, But @therealwolf, @smartsteem was as I recall, among the BEST. https://smartsteem.com/
1000 SP deli returns .342 Steem PER DAY and 10,000 SP returns 3.42 Steem per day!
Pretty darn good, IMO! Not as good as Maxey said above, but worthy of a look in these markets @rok-sivante :) I also listed what a simple delegation would do, not vote selling...
Dayum! ThanX Rok!
😎
Well, you can set a limit like: Sell votes when voting power above 85%-90% so you always sell votes you don't use. You get paid at the end of the week.
Tagging @therealwolf since he's a friend of mine and I'm sure he'll clear any doubt you may have other than that. It's all done automatically.
On your reply, well it would indeed be awesome that the numbers would climb in time for my wedding, but the rate at which things are going, it's looking like mission impossible to me.
Heck, I estimate that even working as hard as before I would just achieve single digit rewards on a daily basis, and that isn't nearly enough.
I'm worried as I see the date approach, but I guess everyone is if they're not rich and are an average Joe since the wedding expenses tend to be a bit absurd.
I'm sure I'll be able to handle it though, life has a way to get you to surpass obstacles like this.
But man oh man would I be happy to be @rok-sivante 2.0
Btw, since I've been away I'm not sure of the exact numbers anymore, but I think you get 5 Steem per week for every 1000 SP you have if you sell votes and don't vote too much.
what, no more @undy.ver.2.0 😀 😁 😂 🤣
😜
You've got money, but not Rok-Sivante amounts :P
Online, at least... 🐸
I agree, however, AIM HIGH!!!
And you can't hit what you can't see, most times LOL
Thanks ROK! 😎
undy-bots LOL
Thanks Rok!
Savings accounnts in Canada pay like 0.001% interest, so when taking inflation in to consideration, you are losing money.
Not to mention the banking crisis 2.0 is set to happen any time now.
Buy crypto. Dollar cost average into a bigger position when able. Hold and wait.
Not every coin is worth buying but do research and find the best and go from there. Steem is one such coin IMO.
Those that pay you to hold are great, because since they pay high rates you'll get enough income to cover your initial capital deposit in 1 year or something, and I doubt it will all go haywire in 1 year.
I read somewhere that crypto like LTC, especially when bought these days, might be the new inheritance
Well, most of my capital is in crypto... hope you're right.
mine too but I will soon have a second investment ( a house ) too. Fingers crossed! Not that I doubt it. We will get there. It's still only the beginning...
Crypto will be a mass awakening as people realize that they don't need banks!!!
Highly agree!
Welcome back! It's good to see ya. Glad you're still saving away for your wedding :) Cheers!
Would be good to be able to stop saving because I hit the required amount though :P
STEEM-FLATION ALONE KILLS BANK RETURNS!!!
The rate this year is over 8% and next year it is in the high 7% range! But the cool thing is that the Inflation of Steem FLUFFS OUR WALLETS! It goes right into OUR ACCOUNTS!
Great article, Maxey... and BTW, your Deli to Minnow Boot Camp IS Paying, just less than it was when you took your hiatus. End of the month payouts :-)
Oh just FYI: of that 7% inflation, those going straight into your SP so to speak ends up being quite a small amount. So you aren't getting 7% steem annually, it's less than 1%. But we are getting post rewards and such so... It really is much higher than that.
hmmm, I wish I had an exact record, or way to look at the Steem Hunt DELI I placed quite a while back, as I recall, and intended, to put 1,000.000 SP in for that effort. Her we are. close to 13 weeks later, or more, and it was showing 1,003.xxx and that is an indicated 1.2xx% APR, which I am sure APR is technically incorrect LOL!!! If that was a week or 2 longer, we are right near 1%...
I'd say you are correct, but it looked like an immense amount constantly going in there and I know bank interest at similar rates is a slow crawl... I've seen growth after a few days or a week or so! So the inflation is how they can keep doling out the COin, it's all good, we do in fact get it one way or another like you said, it's just not as fast as I thought LOL!
Between that inflation, posting/curating and such, plus a little investing, I was at my Yearly Goals for 2018 by about July
😉 😊 😋 😎
I for one am not Squawking! 🐔 🐧 🐦 🐤 🐣 🐥 🦆 🦅 🦉
Don't worry fam, I have your back, the Deli stays :D
No Worries, in fact if you wanted to yank it for that investment we talked about I'm fine with that ;)
FAM <3
"Even in Bear Markets, crypto is the best choice" <---I'd say it's even a BETTER choice in bear markets
I was thinking the same. Buy low, sell high! <3 (if only it was that easy ;-) )
Exactly as Jill puts it... hard to have huge pockets in bear markets... and matching guts :P
Even tiny lil' pockets can make a difference! haha
Indeed! ;)