Coming back, passive income to soften the wounds
Hi guys,
It has been a while since my last post. After our @cryptoworldzug conference back in June a lot of things happened, those kept me quite busy for a while, plus taking some holidays last weeks in the sunny almost boiling hot Spain.
I believe that is healthy to take some distance from the things you like to do the most, to gain some perspective, and ask yourself why do you do them.
Seeing steem going from 4 USD to less than one in the last months have not been easy, still, there are many other things to look at than the USD value of a project.
During these couple of months my involvement in the Swiss crypto space has ramped up quite nicely, and that is not linked to the general market cap, is something else, measured in crypto adoption, which ironically is proportionally inverse to the crypto market.
Taming the horse
For those of us here on the long run, there is not much to worry about. The best tool is to stop looking at your Delta app or your Blockfolio account. Unless you are doing active trading, this should not be of much worry for you. But let's focus on the important.
In my case, I have started to focus on generating wealth through passive income, if the USD price goes down, how to stop the bleeding.
During this time when I was away from posting, I kept earning steems, how? Through @smartsteem, just by selling my upvotes there I kept a steady inflow, though smaller thanks to the loss of USD value of Steem it was there. When I see that my coins keep growing, no matter what the price is, there is a certain sense of growth that helps you to achieve peace of mind.
My second tool may be better than steemit. I got to be one of the lucky ones to be inside the small circle of first adopters of a pre/ICO coin. I am talking about Lapo.io which is a Swiss project introducing a stable coin (not pegged). They gave their community the chance to mine their tokens using their own CPUs. Having a gaming rig I was able to mine enough during the first month to set up myself some Masternodes. With a current value of 35K each at ICO price, well, I am looking forward to seeing this project on the first page.
The MN provide me already of a steady inflow of new-minted tokens, even now with more than 250 MNs in the whole world, I am getting around one block reward every two hours. the return has been quite high in just 45 days, with around an 80% ROR on tokens.
The moral of the story is, no matter how bad the market looks, just take some distance and think about why are you here, was it the promise of quick riches Steemit gave you? To me even at this price is the rewarding feeling of speak out my mind to a nice audience of mind aliked people.
See you soon guys!
@Santana33 | ||
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Nice although i think its a really good time to accumulate bitcoin at the moment. I myself try to go for passive income aswell. In germany mining is not as efficient though. With a friend of mine we are rentingmining farms in slowenia and setting them up there. It is nice to see people like minded as you, because in rl not many people know about crypto. Another way of mine rn is buying into neo , ont , vechain and all the passiv income coins and Exchange coins that spit out some profit for just holding them!
Left a like and a follow :) hope you keep up the posting!
VET is a really good one, a solid project, but the nodes were closed in march, now only way is by staking and you need a lot of VET to generate a decent income. You should check lapo.io and also to sell your upvote via smartsteem, you need much less investment for the return you get compared to VET. You can look for me in telegram @cryptoprophet33.
@santana33, we are glad to have you back and thank you so much. This is what I needed!!!!. This post has really reprogrammed my mind about STEEM and other aspects of life. Thanks again. : )
Thanks for the comment kid, indeed, just visualize what you want and work of it. A 70% of our life is about perception rather than facts, so just believe it.
@santana33
Thanks for post it
https://steemit.com/@crypto.india.tak/
Please follow me sir
I am follow back
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