I put the odds of this plan at 1000 to 1.
I am endeavoring to turn $50 into $50K to pay off my student loan and have some change.
A combination of reselling luck, hard work, research, more luck with a macro trend and an execution plan.
Part 2: The Sleeping Giants:
If you haven’t read part 1 read that first here.
The use of Crypto for insane ROI is the real meat of this sandwich if you will (I’m hungry which is why that’s ended up there).
The volatility of the crypto market is second to none, hundreds and thousands of % pumps often followed by 95% crashes. Its certainly not for the faint of heart and it goes without saying:
This is not financial advice, do your own research and due diligence and only invest what you can afford to lose.
In fact I would go as far to say if you invest in crypto at the moment from an emotional point of view, assume its going to $0, zero, zilch, nothing.
But…. if it doesn’t (and the technologies here to stay in my opinion) you are witness to the birth of a new Macro trend friend.
Just like I thought the same thing about lithium back in 2015/16 (and still do with that running for many years) its very early in this trends adoption or even value relating to actual utility.
I didn’t reap the rewards of my early lithium insights until 5 years later.
How early in Crypto?
Well I once heard a fantastic metaphor which aptly describes this. Imagine you are one of the sheep. One day you get separated from the flock and end up going over a rocky mountain path which winds down and opens out onto a magnificent meadow. This meadow is lush with grass and basically an all you can eat buffet. There is a small catch though, there are leopards which roam nearby and there is a chance you will get eaten, especially alone.
There’s the rub, your early so you can experience those astronomical life changing gains (eating all the fresh grass you can) but also experience death (loss of capital) from getting eaten by the Leopard (rug pulls, investing in shitcoins).
Had the whole flock arrived at once all of the grass would have quickly been consumed but here you are able to eat to your 4 part stomachs desire.
In my opinion, right now, there’s 3 or 4 sheep in the flock grazing, the rest haven’t arrived yet, but they will in due time.
I can count on fingers still how many people I know physically outside web3 (whole different story that one) who actually own crypto. How about you?
How early then really?
The answer is I am not entirely sure.
You will note that there’s currently no timeframe on my goal and that’s partly because its tied to this market.
You see Cryptos in a bear market right now and there’s potential for the stock market to go either way in the near future still.
The Crypto market can still go down from here.
So why am I writing about this at this moment? Well during times of max fear and pain it is concurrently the time of most opportunity. The issue is emotions get in the way and buying things after they have already dropped 90% might seem like a good idea but if it drops another 50% can you handle that? Its hard to buy during these times. Everything’s negative, news, social media.
So its tough most definitely but the risk is skewed asymmetrically at the moment on a long term basis with maybe 50% more downside but hundreds of % upside.
Remember the market is also forward looking and by the time the narrative changes and becomes positive you would have already missed a significant move up.
So for now I continue to chip away each week using dollar cost averaging.
Alright, so what am I buying with my book proceeds?
Primarily: Casper $CSPR
The Casper Network is a decentralized layer one Proof-of-Stake blockchain built off the Casper CBC specification. Casper is designed to accelerate enterprise and developer adoption of blockchain technology today and evolve to meet the needs of the future. (From: https://casper.network/en-us/)
Why am I buying it?
- Open architecture make it easy for developers to build on it using languages already familiar with.
- Upgradeable smart contracts.
- Institutional Partnerships.
- Below / On Key Technical Chart Levels (at time of writing).
- Hosting as Davos means relationship building opportunities with many billionaires.
Secondary: Hbar $Hbar
The Hedera proof-of-stake public network, powered by hashgraph consensus, achieves the highest-grade of security possible (ABFT), with blazing-fast transaction speeds and incredibly low bandwidth consumption. By combining high-throughput, low fees, and finality in seconds, Hedera leads the way for the future of public ledgers. (From: https://hedera.com/)
Why am I buying it?
- Has a governing Council made up of huge companies from around the world.
- Multiple Use Cases.
- Below Key Technical Chart Levels (at time of writing).
My first purchases have been completed into Casper using proceeds from book sales thus far around 4.5c USD.
Fingers crossed I can quickly sell the rest of these books before things really take off.
Use the links above to go and check out each project.
In my opinion buying now and then doing nothing for a few years will get this done and pay off my student loan.
Again not financial advice, just a reseller on the internet having a crack.