I am starting to understand more clearly why institutions and the likes are dead against crypto as it is very powerful and will be disruptive. Millions of investors are going to make life changing wealth over the next 5 or 10 years transforming the world as we know it. This is all new money not tied to old handed down inherited wealth and will definitely have an impact on the banking industry.
Each and every day I am more amazed at what has been handed to us on a golden plate with what we have in crypto. The opportunity to grow 24/7 365 days a year even if you do nothing, but sit back and watch. That is not our style though and with a little or a lot of work those numbers start escalating rather quickly.
I love the idea of having many revenue streams in and out of crypto but the crypto ones are what excites me way more as the sky is the limit. In the real world making an extra $250 per month is not normal as for many that only happens once per annum when increases are handed out. If you are working for yourself that is a different story as it is normally up to you and how much effort you put in.
In crypto you can diversify and within no time generate multiple revenue streams that start adding up within a few months due to the beauty and magic of compounding.
Last month I had only $480 HBD staked and slowly that has grown to $600 which is $10 per month calculated on the 20% APR. Next month if HIVE prices stay the same then I expect to slowly add another $120 worth of HBD which is taking the earnings to $12 month. Small numbers that slowly over time will make a big impact on your life and what will get you financially ahead of the majority of the population.
HBD is a stable coin however so the gains made are on a stable base that should never fluctuate which is great for a monthly steady income flow. When you are building in crypto that offers an APR like DeFi or the COTI Treasury where I am fairly active these numbers will change more dramatically.
Taking the COTI I have staked which is earning over 20% the token could easily double or 10 x in a very short period of time. Honestly I am happy with what is being earned already as over a short period of time like 5 years with a little extra staking this number should do a 300%. The price increases 10 x in 5 years then your revenue stream has done a 3000% from what you are earning today or 30X.
One can quickly see that in 5 years from now the idea of having a regular job working for someone else is just not viable. Where are you going to get 600% increases working for someone or even working for yourself as they just don't happen. This is why if you can get to the point of having your equivalent monthly income being generated in crypto now then you are simply styling.
The rich get richer through their multiple revenue streams and we have the same possibilities as they do, but in crypto. We don't need 100's of streams but 10 decent ones that offer you risk free returns that compound regularly. Price is not important for now as that will come in time the only thing that matters now is setting up those streams so they can start growing.
We have heard this before that in 5 years time we will be way better off and this is so true as long as you are making your crypto work for you. The days of holding and waiting are long gone as the real profits are made in staking.
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Yes, I agree. "Yields" can be generated now and there are many decent projects. It offers the not so rich opportunities to grow their income. Everyone wins!
The industry is shifting and that is important. We did not see that before since it was all speculation. Now we can go after yield, something that will appeal to millions.
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Just here in the Hive ecosystem, the amounts of different yield earning opportunities is wild.
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This home is going to make us all wealthy.
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Home is where you make it, or whatever Joe Dirt said.
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The waiting is the hardest part though. It is absolutely excruciating. Knowing what lies ahead for your because of your investments but having to wait for it to finally come full circle. I will be happy when all of the waiting is over! Until then, I just keep creating more streams!
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The value comes from building. That is not a quick process. It is tough to keep it going and still be optimistic but more keeps getting added to the plate. This means we can end up with a number of projects breaking through.
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Every week we should all be taking some money and buying HBD off the internal exchange. There is a bit of it out there per day. It is up to us to get it into the free float.
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Not all yields are created equal in the defi space. Be careful and perform due diligence on what happens to your asset when you stake or farm (swap for LP tokens). I am still learning every day but the risk associated with staking or farming is not directly implied for some they only see APR/APY.