*The story of Ice Network: lessons for all*
Greetings everyone!
I have keenly followed peoples reactions since Ice Network launched yesterday with 0.01. No doubt expectations were dashed and a lot of people were thoroughly disappointed.
I have been in this space for sometime and I have garnered some reasonable experience no doubt. It reminded me of the huge expectations people placed on Core before it launched last year February. Speculations were rife and feverish that Core was going to launch at 6500 Dollars and above. The 6 Dollars it came out with utterly disappointed a lot of people.
In all these what do we need to learn? Crypto is not a get-rich-quick scheme but it can make you rich ultimately. In fact Crypto can pull you out of generational poverty if you are patient and methodical.
First of all, you will need to understand the dynamics of Crypto business. Nobody will give you thousands of Dollars just because you mined a coin for one or two years. It doesn't happen.
When you mine, you are helping to create an awareness for the project and in return the owners of the project will give you some coins as a reward. To prevent dumping, they will give you a fraction of what you mined and lock up the rest and be releasing it to you piecemeal on monthly basis. This is a control mechanism to prevent dumping.
Now the profit you make from the project depends on how you position yourself on the project and how successful the project becomes in the long run. Keying into the project entails buying and holding the coins for long if you can.
A colleague here where I work at the University of Abuja told me that in 2009, her friend offered to sell Bitcoin to her at 500 Naira per 1. She rejected the offer. You can imagine how rich she would have been by now if she bought 5 or 6 Bitcoins or more then.
But we should also learn from the history of Bitcoin. Though launched in 2009 as the first Crypto currency, it struggled for some years before it got to 1 USDT and above. The basis of Crypto wealth is buying and holding.
I am aware that because of the cancerous economic strangulation we are going through in the country, it is difficult to hold coins for long but just try. It is for your greater good.
Ice is a coin for the future. It will certainly struggle in the next few months and perhaps years but it will hit gold one day. It is just like Omega Coin that a lot of people are despising today. I see them as coins that will shake the Crypto space. Try and buy and hold coins. Finally try to enlarge your Crypto portfolio. It pays in the long run.
*ADMIN*