The Hard Reality - Little stakes, Little Reward, No Patience, No Profit.
Attacking Crypto From Every Angle In Desperation
Well I got in to crypto many years ago, but due to my lifestyle I been off from the crypto world give or take 2 years. When I got back in the game 4 month ago I started to put in some cash in DeFi, I started with approximately $150. When I saw the APY:s I thought this is my way back, economical to life. That didn't of course happen. I became desperate in my chase to the next moon coin. I could yield farm on one platform for four days, then I thought I found a much better platform and switched back and forth. Losing unnecessary money on fee's and probably some BNB when I brooked LP:s like I switch underclothes. Did I somewhere on any platform leave with some earnings in the beginning? no no no...
It was clear for me that I needed to have some patience. So I found Mocktailswap, I bought some MOK as their tokens is called in their pre-sale. With the MOK I bought I did to LP:s with BNB. From start that pool had insane APR above 3000% and I finally saw some reward when I had put LP:s worth around $170. The what happens? a hack, I couldn't believe this, why me and why Mocktailswap. But luckily they solved it pretty fast to my surprise and they had also done a snapshot. The snapshot was based on how many DRINKS you had in your wallet, you had equal drinks to MOK staked in their solo pool MOK-MOK and I got 5% more MOK:s as well. That did not cover the loss of my LP:s I had unstaked and broke as Mocktailswaps dev team told.
But I tried again, the team took responsibility and worked hard. That tells a lot of a project, this time I bought some more BNB and MOK and did even more LP:s. Now my LP:s did MOK:s a day and the value of one MOK token was around $2, that was great for me! that's $10 of MOK:s a day I claimed and posted in the MOK-MOK solo pool which also had a good APR of 1200%. Soon I had 200 MOK in the solo pool and my LP:s that produced MOK on a daily basis.
Finally things went to the right direction. Felt nice, some of the MOK I got I exchanged for BNB and putted in other projects to, why not spread the risk. Then the crash came, ruin the value of my MOK and it steady declined from $2 to 0,72. During this time I sold off some MOK:s and then finally brooked the LP.s to put my earning to other projects that in my head would produce more profit.
To do a long story short. I had MOK at a value of $250 after that I had puted in $250 more and now my wallet has a value of $380. I have actually lost a lot. That is my beginning in the DeFi world. It could have gotten better if I just had some patience. But I'm always in a hurry.
What About Margin Trading?, I Think I Can Do Some Profit Their.
Three days ago I started to margin trade on Binance and KuCoin I did deposit a total value of $200 to the platforms, ready to margin trade the S#@T out of this platforms, I thought. My goal is to afford a Helium hotspot miner that brings me a passive income everyday that is very steady. Instead of doing something I can with cryptos and slowly reach my goal to afford a hotspot miner, what do I do. I do a couple of $10 in profit first day after this I think I'm superman perhaps someone so bright that could count cards in poker or I could somehow predict the market to my advantage. I lost every piece of that $200 yesterday. This made me start doubt myself, is crypto for me? I may have to little patience. I'm that guy that everything should had happen yesterday and when I find interest in something I go hardcore for it, no joke. It's a fighting war against myself all the time.
I've Tried Everything To Earn Crypto For Free And Thru Placements Of Crypto In A Short Span, Including.
- dApps, that went very well. Now I have some invested and I try to have more patience, let the liquidity do it's job.
- Playing Splinterlands and Alien World. Splinterlands go pretty well, just need some more cards to unlock next tier. Alien worlds I haven't bought something no NFT nothing, except stacked some WAX for $20 that only fuels the mining a short time. I have mined for over 2 weeks, no NFT found.
- Day-trade with high leverage and a lot of borrowing, like someone how has day-traded for two years. Wasting a whole month deposit and did my journey to a hotspot miner 3 months in advance.
- Airdrops, a lot of it. Just for not getting some from a few of the projects airdropping and where I did got some it's like 2-6 dollars of tokens or even less.
- Started a Facebook group their I leave my referral links to airdrops, mining apps and so on. I did also guides to the airdrops, a guide how to use TRUST wallet and a lot more content to get beginners rolling in the game.
- I write here, not just for profit. I like it, I like do research and putting together a text that may have some value for someone. I have collected in around ten articles barley $1, but I hope with some dedications and not lacking from writing articles, always try to release at least five to seven article a week. I think I can build up a trusted circle of followers (readers) and of course just write what I like writing, not change my writings for profit.
What Have I Learned
I have learned many things by doing my mistakes. I'm no god, I have to read explore to get experience. Experience is earned not given. I need to have patience, a millionaire didn't get his/hers fortune in a day. Not make crypto my whole life. I need time off doing other things, but I often found myself stuck reading and overthinking my investments and whiteout thinking moving them around making no earnings just paying fee's. Patience is the thing I learned the most and still learning. I hope this article can learn beginners to have patience, not jump around because you found a new exciting project, new projects are made everyday, do your research and after that invest in what you believe in.
