It’s easy to forget just how young the crypto ‘industry’ is.
I even do it myself sometimes. Compared to many people I was in quite late, specifically the autumn of 2013, and even then I poked it with a stick rather than got actively involved. It was just so damned hard to buy anything and I wasn’t even sure I understood it properly. It all seemed a mass of messy information – much of it contradicting itself – and it took real perseverance to get anywhere. Yet, despite all of this, I could see the potential. It would surely only be a few short years before Bitcoin, and perhaps a few select altcoins, would be the primary method of transacting globally. Continue reading “If you build it, they will come.”
Masternode coins, of which are there are some 360 now, are notoriously risky. You have to be part crazy, really smart or really stupid (depending on your point of view), prone to a bit of luck and particularly thick skinned to even think about getting involved here. This is a festering, animated swamp of creative genius, scam artists, dodgy characters, devout believers and innocent investors in a dangerous, unregulated mess. It’s daunting, easy to get caught out or taken for a ride, and notoriously hard to make money. BUT, if you can pick one winner, it can make up for dozens of losses. That, I guess, is the lure.
This is the story of our early endeavours into this market, the mistakes we made and the noticeable difference in thinking between generations that, in the end, shaped our strategy. My hope, in making public my embarrassing initial failures, is that it may help others who dare to walk the same path.
Continue reading “Investing in Masternodes? Read this!”