Before we begin, let's tell a story.
Gongxinbao is a 20 17 domestic star knockoff coin and one of the first wave representatives of IC0 bull market. The crowdfunding cost is about 1 yuan, which is 30 times higher than the cloud currency.
At the end of 20 17, Gongxinbao launched a loyalty programs, which means that talking means locking warehouses to make money, and earning interest according to different locking time.
By the end of June 20 18 in loyalty programs, Gongxinbao had 70 yuan. At that time, the slogan was "One Palace 500", which was similar to the guaranteed 500 of eos Three Wolves.
After locking the warehouse, no one can unlock it before the locking period.
After entering the bear on June 5438+ 10, Gongxinbao fell from 70 yuan to 3 yuan, and those who participated in the "loyalty program" could not cut the meat.
I'm one of them. I chose it for 24 months.
Recently, the staking economy represented by atom and xtz is booming again, which looks awesome. For the currency people, it is actually making money by mortgage. Qian Shengqian, lying down to make money.
As a leek, paying attention to POS yield is putting the cart before the horse.
Paying attention to POS yield is putting the cart before the horse.
Let me ask you a question first: Did you come to the currency circle to earn this 8%, 20% or even 200% profit?
No, you're here to get rich. What mortgage, what baking, this node, that verifier, is not important, what matters is whether it can skyrocket.
Soar, blockchain revolution! Blockchain is awesome!
Straight down, CX!
That's right.
Since the rate of return is the end, what is it?
This also includes one point:
Look at the first point, the most important and the easiest to understand. There are eggs under the nest. If you put awesome POS coins in 20 18 1, they will also fall, and the yield is 100% of the previous year. Earn a year, lose a day.
Second, the market value must be large, and the bigger the better. Tokens with a small market value may be able to sit in the village for millions, and the fluctuations are once or twice. What's the point of paying attention to the 10% return?
Third, the team, that is, the quality of this project. Why the last one? Because it is the least important. A good quality bull market can't rise above empty money, while a bear market has fallen by 90%. There is no advantage at all, taking almost the same risks, but earning different benefits. But it is also useful. Generally, empty coins will return to zero, and valuable ones may struggle.
For another example, what is the hottest POS coin recently? It should be the universe. Token is called ATOM, and the team is awesome. Ranked in the top 20 as soon as it went online.
The annualized rate of return is 10%, which looks good. 1000, after one year, it will become 1 100.
But since the launch, the highest price is 35, and the lowest price is 25, which means you bought it for 35 yuan. The cost of locking in for 3 years is the same as that for 25 years. More importantly, 25 is not necessarily a low price, but it may be lower.
For another example, take the key of taking money.
Last year, people who bought keys at a price of more than 3 points will get the same income as those who bought keys at 1 point by the end of the year? Compared with the cost, the income is nine Niu Yi cents. So there was a joke at the end of last year, "I worked hard for half a year and found that my income was negative."
Don't end up like my loyalty plan of Gongxinbao. I've been locked in for two years, with interest and capital, but I still lost 90% in total.
I've been mining for some time, so let's talk about my views on returning to this cycle.
It is very, very difficult to calculate and predict the return period for mining machines. It is deceiving yourself to calculate the return period out of the big environment. Please see my article for details. Finally, the thinking about mining is definitely worth reading "The Mining History of a Small Miner (Part II)" (end).
POS is very similar to POW in the income of "lying down and earning". The opportunity and cost of admission determine everything. It is useless to choose the right project at the wrong time. The yield can only be used as icing on the cake at best. The high yield of the currency standard means great selling pressure.
A bull market will take off no matter how valuable it is, and a bear market will fall no matter how valuable it is.
Therefore, the essence of lying down to earn money lies in the timing of admission.
So, how to seize the opportunity?
That's a good question If I know, I'm sure Man Cang will remove the lever bolt.
Therefore, this is also the time to test investors' vision, experience and cognition. If you think the future is a bull market, then you can make money by buying a mortgage casually, and the money can go up. If you think the bull market hasn't come yet, keep waiting. Investment is the realization of cognition. How far you can see now, whether it is correct or not, determines how much you earn.
Fortunately, it has been a bear for a year, and now it will not be worse than 20 18 1, and bitcoin has risen so crazy recently. If, I mean if, really if, if the bear market is really over, now is a good time to start mining machines and make money with interest, as if talking nonsense.
Finally, I would like to remind you that the annualized rate of return of 10% means that as long as the purchase cost drops by 10%, it is equivalent to lying in vain for one year, and the counterfeit currency fluctuates by 10%, which is similar to drinking water.