What about creating more revenues whilst spreading the work to allow for the additional revenues?
In this post I call upon you who feel and want the same as I do: Earn more money from investing and trading in cryptocurrencies.
I address the following in the remainder of the post:
- The Past
- What I Tried to Achieve?
- The Issue
- The Plan
- Are You In?
Just keep on reading and decide at the end of the post what you like to do. Whether this is nothing, to "hell yeh: I like to be part of a winning team".
The Past
In my early days of crypto trading (only little more than half a year ago), I was asked by some active/passive Steemian to join his discord channel to form a small team to jointly investigate and research the cryptocurrency market to identify:
- Coins and Tokens to invest in
- Coins and Tokens to trade in
To allow for both, we decided to: deeply research the top 20 coins and tokens and try different trading techniques.
We ended up with three people all together, with one of them (the initiator) having quite a bit of coins, but little time to spend on the activities we identified and the other one being a traditional investor who was quite sceptical about cryptocurrencies stating that the volatility was so high that he didn't dare to trade and/or invest his money in cryptocurrencies. And than there was I. Soon this group fell apart, which was quite unfortunate in my honest opinion, since I really liked the idea we had.
What I Tried to Achieve?
I'm someone that really like to dig into cryptospace, like to get the understanding of the different blockchain technologies to the deepest levels, the understanding of many of the cryptocurrencies, the companies behind it, the people behind it, the applications these companies had/have in mind to launch - or already launched.
Along the way I like to gain extensive knowledge to allow me to become successful in cryptospace in terms of trading and foremost investing.
The Issue
The issue with cryptospace is the enormous number of coins and tokens out there and the many new coins/tokens created every week.
Work can be reduced by eg looking at the top x coins/tokens in terms of market capitalisation or volume, but I think this is not the right way to go. Although some interesting gains can be taken, like more than 10 times on Bitcoin in 2017 this year alone, the volatility and the chances are in the Altcoins. The smaller Altcoins can be the most rewarding, however they can also be your nightmare when the value goes down south. Therefore investing an trading in those Altcoins, requires solid information, from blockchain analyses, to coin/token and company evaluation.
One variable is against an one man party: TIME!
The Plan
To be well informed, at least time, solid research and bespoke data analyses is required. Something that is hard to get done by a single person. I therefore call upon you, those who are interested to start digging in data and research, those who are good and into (financial) big data analyses, those who like to know things and are able and like to share solid summary information with other members.
I envision a team of researchers; All with an investment take on things; All with a focus to reach our mutual agreed goals; All with the habit of wanting to help one another; All with a professional take on all of this (with this I mean: following up on agreements, committed, and where required create and execute procedures).