I have spent a lot of my personal education time over the past sevral months reading, studying and learning everything I can about NODE Projects. It has been quite an awakening. I have always believed that you learn from history and track record. The challenge with investing in high yield Nodes is these projects don’t have alot of hstory and track records to study at this point.
When I started my crypto self-education journey, Strong Block got my attention because it seeemed that eveybody and their brother were writing about it and involved in Strong Nodes. I was originally thinkng about investing in Strong Block when the price was $1,200 a coin, that would have been a $12,000 investment.
I didn’t pull the trigger, and the Strong token started to drop. It bounced for sevral weeks and I told myself if it drops below $500 a coin, I am investing in a a node. I got into strong for $435.00 a coin.
Shortly after I pulled the trigger, DOZENS of new node projects flooded the market, all promising to be STRONGBLOCK with a twist to make it better. The challenge is every new Node project is dependent on developing a community of believers. Evrery new node project pulls from the very small group of crypto investors who are also open the potential of investing in nodes. Does that make sense?
Node investing is an evolving and changing segment of crypto investing. If you proceed do so carefully, and never inves more than you can afford to lose. At the time of this writing the entire crypto market has been on a major down hill trend. The price of Strong Token has dropped from $435.00 per coin when I got in to $128.00. Evedently Strongblock is in the process of developing their own level one blockchain and making a lot of other moves that many in their community seem to be excited about. Honestly it may be delusional and wishful thinking, I SINCERELY DON’T HAVE TIME to try to figure out what is coming, my only concern is “What is”. I went into this investment knowing I could lose it all, as I have said dozens of times. RULE #1 NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE!
With that said, I ran across this video today, and thought it was worth sharing. The crypto Node World is evolving right now more than any other part of the crypto market. A few months ago it was STRONGBLOCK and a few other node projects. Today there seems to be dozens of new project launching every week as developers try to add their twist and get in on the action. THE CHALLENGE as I said earlier, every new node pulls from the potential investor pool.
With that said, I ran across this video today, from a level headed investor sharing his perspective that I feel may provide insights to consider for readers of cmg crypto.
At the time of this writing, I am about 45 days into my heavy duty self-education within the cryptocurrency space.
To this point, nothing has gotten my attention like the Annual percentage yield some staking projects offer as well as a couple of Node programs.
This division of crypto is NEW it is the Wild Wild West. Are there some legitimate projects available? I sure hope so, at this point I have invested in two TIME WONDERLAND & STRONGBLOCK and have plans to invest in two more. BUT YOU MUST DO YOUR OWN RESEARCH AND NEVER INVEST MORE THAN YOU CAN AFFORD TO LOSE. Don’t listen to me! Don’t listen to anybody, read the white papers, gather as much information as you can and DON’T MAKE EMOTIONAL DECISIONS.
I want to share with you an important theroy as it relates to inveting in these type of projects.
THE GETTING IN EARLY MYTH
There is no entreprenure on the planet that believes in being in the right place at the right time, like I do. I have always believed, “The Trend is Your Friend” You must find the right opportunity at the RIGHT TIME. Many of you have probably seen the video I did about THE 5 STARS LINING UP. If you havn’t, here it is.
So as a general business principle, I think getting involved with the right opportunity at the right time is a great rule to follow, and history has proven that. That is why I made the conscious decision to spend as much time as possible within the crypto space this year. I believe cryptocurrency is the future of finance around the world. It made no business sense to me to not make a conscious decision to become self-educated on the topic.
The two platforms that have invested in so far have both been around for awhile. You know what they say in crypto a month is like a year. The Time Wonderland Token was launch almost six months ago in Septemeber of 2021. The Strongblock Protoctol was started in 2018 and have been strong, and progressing forward ever since.
If there is going to be a rug pull with these type of projects, it usually happens within the first couple of months.
A rug pull happens when developers siphon off the investors’ money and abandon the project after a huge amount is allocated to the fake crypto or DeFi project. These projects are generally created by people with malicious intent, or who don’t have the intelligence to successfully launch a long-term project.
So with that said, and if that is true, why would you join a program when it first launches? Yes, I guess if it gets off the ground the earlier you get in the more likely you are to recoup your investment, however when I compare that to the odds you have of losing it all, those odds don’t seem too good to me. When would I invest in a shady project like Ring Financial, (Which I almost did, because of the video below) But I had to ask myself what are the advantage of taking this type of risk, when I could just take that money and put it into StrongBlock or a more established, credible, protocol?
I know that for all human beings, fear of loss is the number one motivator and I am no exception. Being early into busineesses and different income generating ideas has served me well over the years. However, whe it comes to investing in crypto DAO’s is it really necessary?
For me, the answer is no, its not, at least that is my feeling at the moment, and I am still learning, evaluating, and trying to wrap my mind around this relative new space within the crypto world. In the last 10 days I have invested in StrongBlock which I have more confidence in than any other crypto project of this kind. My next investment was going to be in Olympus DAO until I saw the TIME VS. OHM video on this page.
At the time I saw this video I had already invested in StrongBlock and had decided my next investment was either going to be with Time or OHM. I went with Time Wonderland, but Olymus Doa and the OHM token will probably be next. I want to ultimately deversify into five or six Dos investemtns in 2022.
So I have said all that to say this. Yes, I know as human beings we all want to get in early on opportunities. However for me, when I compare the risks verses the rewards, I feel like getting in Early is a Myth in the space in the cryptocurrency market. I have no desire to play with fire, when it is unecessary. I hope this has given you something to think about.
This is why I almost invested in RING TOKEN & so glad I didn’t. I respect Tactical Investing on YouTube, when I went back to try to find the positive video he did on YouTube about this project, it appears that he has removed it. Again, I respect the Tactical Investing channel and appreciate the amount of research he does, but nobody is right 100% of the time. Do you own research, use your own common sense, and never invest more than you can afford to lose.
THIS VIDEO WILL HELP YOU UNDERSTAND THE RISK THESE PROJECTS HAVE AND THE IMPORTANCE OF KNOWING WHO THE FOUNDERS ARE, AND THERE BACKGROUNDS.