We are involved in an ever expanding, complex system that keeps growing in many different directions. Because of this, people who are involved have many different opportunities.
In this video I discuss how the key is to get involved and keep going. The system of expansion is going to help those who keep accumulating core projects they are optimistic about.
▶️ 3Speak
Been inactive for two days due to the battery problem of my lap top. Happy to be back. Days without Hive seem to be an eternity. !LOL
I did not get everything you said, but these are my key takeaways: picking winners and losers in crypto space is very difficult to determine; look for quality projects, four to five and start to accumulate the tokens, and; get involved and don’t leave, stay and ride till the end.
Among the many things you covered, I have a somewhat mixed thought as to the power of compounding. Just thinking if such power has limitation in a physical world. In the digital world, it’s easy to see that the resources are practically infinite. If this is the case, does it follow that compounding too has no limit?
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There is a limit albeit it much different from the physical. In the digital world, we are bound by bandwidth and processing power. Hence, there is a limitation.
As to your main point, the ceiling is much higher. That is why you see names like Apple, Google, Facebook, and Amazon as some of the most valuable in the world. A non tech company is not really going to achieve those high levels for long. The key is they are likely to keep going higher as the network effect keeps growing.
So yes, we can have very high returns, for long periods of time. This is why people are thrown by the comparison to the returns in the "real world". The digital realm can experience orders of multitude greater than what we see in the physical.
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I think it's clearer to me now. I really appreciate and am grateful for your insights in these things.
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It takes time to build and most people don't like to do so. In a way, compound interest is very effective if you just let it sit over time. The long term game is much easier to plan about than the short term game.
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Compound interest is a time game. There is no way around it.
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Thank you for sharing this great information, This video gives us an interesting lesson about a new project/idea !we just found out about it and about cryptocurrencies.
Welcome. Glad you are here. Feel free to ask any questions.
We are here to help.
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sure! thanks for this information @taskmaster4450le
Watching and listening to the video abt crypto project has really enlighten me more abt investment in crypto and realise is d best way of investment
Seeing this video make me feel and understand crypto is the best investment
"If you believe in a project, ride it to the end." Now that is the key! What if Elon Musk or Michael Jordan or any number of others had quit before they got to their breakthrough?
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That is true. The two richest people in the world, Musk and Bezos, didnt sell because their stock dropped 20%. They held for decades and enjoyed the compounding that came from their companies' successes.
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This is really good to see and honestly am already seeing crypto as the best means of employment this days and mere looking at alot of expansions coming on those days ,it as really show that this is something that can be rely on for very long period of time,even if not forever too
The potential is truly revolutionary. We will see what happens over the next few years. Expansion is taking place at an unbelievable speed.
It is worthy to watch the gaming industry and the #Play2Earn model. That could really set things in motion.
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this covers what i wrote about this morning: consistency. with crypto consistency plays; staking pays. Maybe people do not want to stick with the process.
Most of the projects I am into are built on hive which is an interesting thing because I use hive on a daily basis and I get information on these projects and that informs my decision to hodl.
Another thing to add is that it gets easier over time. once you start to see the benefits of compounding interest you can make more calculated risks and diversify your portfolio further.
The compounding nature of Hive, in particular, is incredible. We have the ability to enhance returns through activity. This is something that is not present in many areas. We are fortunate that we can potentially be rewarded on each post or comment we make.
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Speaking of amazing opportunities! Did you see what we did today? https://peakd.com/hive-155986/@lolztoken/introducing-lolz-defi-now-you !LOLZ
lolztoken.com
Details are sketchy.
Credit: reddit
@taskmaster4450, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (2/10)