The 1 Year HODL experiment for Tezos enters it's fourth month, let's review the rules of the experiment.
What are the rules of the experiment?
Put fiat into Tezos every month.
Report on it every second day of the month. (sorry guys, a little busy this past week and half)
Do not retrieve any money that is tagged on this experiment (I might have other Tezos holdings in the future that will not form part of this experiment, but if I report on a certain amount, I cannot withdraw those till one year later)
Try to learn as much as possible about the Tezos project.
Try to educate as many people about the Tezos project.
Try to engage as much as possible with the Tezos community.
This is how the information looks like when look at from a month-to-month basis till now, you can see how much Tezos I have bought, at what price and the overall increase in value (measured in USD) when compared to the amount of dollars I have invested. (Note, some dates and usd prices are guesstimations)
Pro-tip, I used airtable to create this excell-like document. If you want to organize info with synchronization to every device, in an excell-like format, I highly recommend you to use this one, you can use my invitation link (if you like, I do get a commission that is usable for the paid version of the product), the platform has a free tier.
New things I have learned about Tezos
This month I learned a little bit about how to bake in Tezos, what I understand so far is the following:
1.- You have to delegate your Tezos to a baking provider. Unless you want to do the whole thing by yourself, which I have read is technically challenging.
2.- You can do it with service providers such as tezzigator or directly from your ledger via ledger live.
So far, that's what I understand about baking, just select your provider and follow the instructions, later I might do a separate article about a step-by-step baking tutorial.
How do I feel about the Tezos Project so Far? (Bullish/Bearish)
Since my Tezos portfolio has been almost doubling since I got skin in the game, I can now say that I am very bullish about Tezos. It seems that in practice the staking process has been designed in a proper way, the network effects are kicking in, and Tezos has been rising even among Bitcoin mini-crashes. Now I just start to imagine what the incoming bull market would do for my Tezzies.
10 USD per Tezzie? Dunno, but I can see that now as a possibility.
Thank you for reading this article! this blog is still growing and I am very grateful for every reader around here. Make sure to check out my LBRY account, I am uploading videos there (that I might advertise or not around here) If you join via my invitation link you get from 20 to 40 LBC for free. :)
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