Some new LEO users have been contacting me in Discord wondering how to make an impression. No matter who you are the answer is going to be the same. Keep at it and don't give up. Stay consistent so that whales know you are in it for the long-haul and you can build up your network of trust from there.
Not about timing the market.
We live in a world where instant gratification is demanded and everyone is living beyond their means. Wanna get rich quick? Too bad! The people actually getting rich are the ones with patience providing instant gratification to the suckers. Strong hands: meet weak hands. Thanks for stopping by.
When I first got here on Dec 17, 2017 I was seeing the craziest things. Thousands of dollars being paid out to shit-post after shit-post. Wow, if these shit-posters can make that much money surely I can do just as well with my superior content.
That's not how it works.
No network, no money. No one knew I existed, that much was obvious. Every time I try to snipe an account on Hive and it's taken, guess when that account was already created? 90% of the time it's December 2017 or January 2018. Now all those accounts are derelict (more on this in another very important post).
I was an ameba is a sea of other plankton being drowned out by the noise of the raging bull market. I didn't start getting real upvotes until a year later of consistency. Now that I've been here three years through all the bullshit, I have the ears of the top brass and I find myself in a prime position to thrive during the next mega-bull-run. All it took was four years of consistency... to be completed in the next year because I've only been here for 3.
That's what all the current crybabies about price don't seem to understand. Seriously, talk to me again in one year; stop the bellyaching. The four year cycle is so close to completion.
I wonder how many of you will get fleeced for all your money right before it happens. Probably a lot. Back to square one for you. Personally, I won't be caught with my pants down.
I never dreamed I'd have 100k coins... ever... unless I made some crazy killer dapp and started raking in real money that way. Turns out, getting 100k coins was easy. Again, I just had to stay consistent and not give up even though the USD value was crashing. All of the accounts I used to be jealous of? Well, now we are pretty much on an equal playing field. I didn't think it was possible to catch up so 'quickly'.
These coins are worth more now than they were then; they just don't know it yet.
Charity.
It's been fun upvoting random noobs on LEOfinance. We are a very small community and these stories of "You just paid me more than I've ever made in a month ever" are pretty satisfying. Unfortunately, these days are fleeting and will come to an end. They'll be ruined by scammers and a flood of users coming in and trying to get the same "free money". It can't last forever. The people that get here first are the ones that cash in on those weird opportunities, not the ones that come during the raging tidal wave. Steel yourselves.
Time in the market
Just like Bitcoin trading, most people aren't going to buy low and sell high. The market has a way of fleecing 90% of traders into doing exactly the opposite. It's been like that since the beginning of ever.
If you want to make money, you have to participate in the network and not give up on it. On Bitcoin, that means accumulating and holding over time. On Hive & LEO, it's the same thing, plus the social interaction and building of trust networks. Make some friends and you'll do just fine.
Conclusion
If you or someone you know wants to "get rich quick", then you've already lost. If Bitcoin is "too expensive" then you have a lot to learn.
The only valid strategy is to get rich slowly. The only alternative to that involves blind luck and extreme risk. We should know by now that compulsive gamblers always lose.
There's a lot of work to be done, and time is always the biggest constraint. It's always darkest before the dawn; some such other inspiring-comment. Hang in there and keep at it. This community is nothing but grizzled and determined at the core. That much should be obvious by now.
Posted Using LeoFinance Beta
Return from Consistency is Key; Time in the Market to edicted's Web3 Blog