UDATE January 28th 2022. Time Wonderland has tanked and in my opinion there is no hope of recorery. REMINDER — NEVER INVEST MORE THAN YOU CAN AFFORT TO LOSE! Click here for the full story: Dale’s Investment Journal Time Wonderland.
When I first started my journey to become self-educated in the cryptocurrency market, I glazed over all Staking programs that offered outrageous yields. Honestly these type of programs have not been around that long and based upon my background they just SCREAMED PONZI SCHEMES!
However here is the paridgmn shift I peronally had. What is the cost to create your own crypto currency? BASICLY ZERO. With that said, if the coin has cost you nothing, why does it matter to you if you pay out 10%, 100%, !000% or more? Also, every Ponzi scheme pays those who promote the ponzi to others. With these DOA programs there are no referral fees paid to those who promote the programs to other people.
I could get in much more detail, but I won’t. Because this is the first idea you have to really wrap your mind around and internalize befor ever moving into what I would now clssify as the most risky part of the crypto investing options I have seen at this point.
With that said, after much consderation, I have decided to more forward.
At the time of this writing, staking your cryptocurrency for insane returns, as well as investing in Nodes is a relatively new crypto play that started with StrongBlock and Olympus DOA in early 2021.
I have researched the Nodes, and staking for nearly 50 hours traying to wrap my mind around how it works, and how the returns advertised could even be possible. I made the decision that I was going to invest $15,000 into staking/nodes the first of the year just as an experiment, to see what was possible. AS YOU WILL HEAR OVER AND OVER – N E V E R INVEST MORE THAN YOU CAN AFFORD TO LOSE.
Based upon my calculations and everything I have read, with most of these protocols the power is in compounding interest, but my plan at the time is this writing is to pull out my original investment in each project ASAP. At this point it appears to me I can do this after having my crypto staked on an average of three to four months. I did my original investment in Strong Block a week or so ago, my next investment was going to be with Time Wonderland or Olympus. I was leaning towards Olympus until I saw this video:
This is probably the video that made me at least take the time to evaluate and consider the possibility that maybe Staking Crypto is NOT a pyramid scheme. At this point the jury is till out. I like this young man and his “I will not be denied” attitude. I enjoy his content, and absolutely LOVE his “ determination to become self-educated and make a million dollars a year. This type of dedication is required, no matter what type of entreprenurial endeavor you persue.
If you lack motivation, you need to learn how to demand that you focus and motivate yourself.
When I decided to bite the bullet and invest into Time Wonderland, this is the instructional video I followed, step-by-step. Granted when I started on my crypto journey, most of what he is talking about sounded like he was speaking a foreign language. But after reading and spending over 100 hours in this world. Meta Mask makes perfect sense and I have used it several times, so if you are totally confused on what he is trying to share, you are probably not ready for this type of investment yet. Stay where you are comfortable until it is time to step out of your comfort zone.
One of my favorites quotes is “When you have nothing to lose by trying, and a great deal to gain if successful, buy all means TRY …. DO IT NOW” W. Clement Stone.
However, we are not talking about overcoming FEAR, we are talking about the distinct possibility of losing your HARD EARNED MONEY! Just remember that, but if you get into this crypto world, at some point understanding the basics of DAO is going to be required learning