As much as I despise Warren Buffet, I have to say one thing where he was right. ROI always comes to the patient ones…
For the 29 questions so far, I’ve got something around 24,000 SNAX and some 10 SBD, which at the current prices that would be about $16.5… Am I satisfied? Yes. I do count as ROI many new things I’ve learned during communications with other SNAX fans, and that thing can’t be evaluated in fiat or crypto.
There is another aspect, of course. The price of crypto varies. The time invested in learning (and writing) may be much better evaluated when a serious trading in SNAX starts. We all have to be patient and wait for SNAX Pizza Day…
And since we are at the “Bitcoin Pizza Day”, we have to address future fears and hopes for the ROI in SNAX. Our host, @dragosroua, has expressed his fears and hopes in the last installment of this challenge:
First, I have to say that Bitcoin wouldn’t be what it is today if there wasn’t that transaction, which has set the first real World value for the cryptocurrency. The guy who sold two pizzas at the moment was actually giving away his work maybe having in mind advertising effects, while the guy who was buying those pizza didn’t lost anything IN THAT MOMENT. I doubt he had gave all of his 10,000 Bitcoin, and never got another one ever again. I think he MADE the price for the rest of his Bitcoins, no matter how many he had.
I believe our @dragosroua has actually invested his 100,000 in the real value of the rest of his SNAX. Unfortunately, I have to say that I do not expect that in ten years “Bitcoin Pizza” scenario is going to repeat in SNAX. Whatever people are saying about “an inefficient energy consumption” which they consider main fault of Bitcoin, that energy consumption is giving Bitcoin a value. Miners would be mad if they would give their Bitcoin under the price they have paid for the energy for mining. When you have “cheap” and “energy efficient” DPOS system, you can’t expect that you will ever have a cryptocurrency that can save your value. DPOS cryptos will always be an excellent transaction vehicle, but very poor value containers. If SNAX gets to one dollar in 10 years, I will be most satisfied… if dollar would be still existing in 10 years. If not, SNAX will be worth only a fraction of Bitcoin exchange standard…
So, no $10,000 in 10 years, but I do believe that investment in SNAX will still get you a decent ROI despite everything. Just be patient…
https://snax.one/steem/lighteye
Comment as you see fit!
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Linked posts:
Q29 — What Was The Most Difficult Question Of This Challenge (So Far)?
Q28 — What Would Be The Price Of 1 SNAX After The First Day Of Trading?
Q27 — Name Two Movies That Really Changed Your Life (Hopefully For The Better)
Q26 — Do You Even Exercise, Bro?
Q25 — What’s You Writing ROI?
Q24 — Do You Know What It Takes To Be “Your Own Bank”?
Q23 — What It Would Take To Build A P2P STEEM/SNAX Exchange?
Q22 — What Would You Do As A SNAX Block Producer?
Q21 — Do You Have A Crypto Portfolio? If Yes, Do You Manage It? How?
Q20 — Being An Early Adopter In Crypto Guarantees High Returns?
Q19 — What's The Most Profitable Scoring Round You Had So Far In SNAX?
Q18 — Do You Intend To Launch Your Own Token On SNAX? If Not, What Kind Of Tokens Do You See Launched On This Blockchain?
Q17 — Name At Least Three Steemians Who Are Not Already On SNAX, But Should Be There
Q16 — What Should Be The Price Of A Beer In SNAX?
Q15 — What Are The Next 3 Most Important Social Networks / Web Services Where SNAX Can Be Added?
Q14 — How Many People In Your Social Circle Know About SNAX? How About STEEM?
Q13 — Where Do You See The SNAX Ecosystem In 6 months? 1 Year And 3 Years? Why?
Q12 — Loosely Coupled Rewards Pool Or Strongly Coupled Rewards Pool?
Q11 — How Do You Interact With The SNAX Blockchain: The Chrome Extension? Snax Voter? Command Line? Other?
Q10 — What’s The Liquid / Staking Proportion In Your SNAX portfolio?
Q09 — What Will Make A SNAX Block Producer Worthy Of Your Vote? Or A STEEM Witness?
Q08 — Do You Vote For Block Producers In the SNAX Ecosystem? How About Witnesses In The Steemit Ecosystem? If So, For How Many / How Often?
Q07 — Do You Write For Other Blockchain-based Platforms? If Yes, Can You Try To Rank Them Based On The ROI On Each Of Them?
Q06 — What Are The 3 Most Plausible Use Cases For The SNAX token?
Q05 — What Are The Most Plausible dApps You See Developed On The SNAX Blockchain?
Q04 — Where Do You See The Price Of SNAX In 6 Months, 1 Year And 3 Years? Why?
Q03 — What Do You Think About The SNAX Reward Algorithm?
Q02 — What Was The Most Difficult Part In Linking Your Account With SNAX And How Could This Process Be Improved?
Q01 — When did you first hear about SNAX and in what context?
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This is a text for the 30 Days Challenge hosted by our @dragosroua
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