You can lead a horse to water

We've all been there on our diverse crypto currency journeys, as we try to tell others about the landscape and potential passive earnings to be made. We start of as simplistically as we can, but trying to explain Blockchain simplistically is like trying to do Abstract algebra from the top of our head after twelve pints of what ever you're having yourself. Yep, that's right, it is hmmmmmm, yes tricky, very tricky.

However, we do our best to persevere and the conversation evolves and we do our best to answer questions about non fungible tokens, Satoshi Nakamoto, Vitalik Buterin, Web 3.0 and passive income on Hive. The more we speak, the more contorted their faces become.

We eventually give up on this individual and put it down to ourselves. Maybe the explanation got a little to technical, maybe you didn't dumb it down enough? A few week's later and your friend Dave brings up Crypto currency himself in conversation, and you feel like unleashing your knowledge on the subject, but you think no, baby steps, let's take baby steps and Dave might just get it and join the revolution. It starts off well, as Dave seems to have a passing knowledge on the subject, but then the look starts to appear on his face, like the one you have seen many times before. He was with you up until you said " distributed ledger" and it reminded him of his dreaded accountancy exams that he failed at school and another potential convert is lost.

So, when it comes to Crypto currency, you can lead your friends to water, but they themselves must take the plunge and start drinking the water. To be fair though, there have been some friends who got it straight away and could see the potential of the system.

Common Interests

My cousin and I have been involved for years and often text and whatsapp each other about all matters Crypto and he had another friend who had similar interest, so we formed a little Whatsapp group with the 3 of us a few years ago. Soon after 3 became 4 and then 5 and it has grown steadily since and there are now 21 of us in Ireland and the UK that talk over and back about the latest and greatest across crypto and general stocks also, as well as any headwinds for the industry.

Compound Interest

From common interests to compound interest and this is one that everybody should be taught about at school and for anyone that doesn't get it, they go over it again and again and again, until the penny finally drops.

As a wiser man than you or I once said:

“he who understands it, earns it; he who doesn't, pays for it.”

This was the famous quote uttered by Nobel prize winning physicist Albert Einstein back in the early 1900s. Never was a truer word spoken. I'm sure most of you already knew this, but did you know that he invested the majority of the Nobel prize money he won in stocks and shares? That venture started off well for him, but he lost then he lost the majority of it in the infamous crash of 1929. So even someone as intelligent as Einstein can lose the lot, if they are not prepared. So my advise would be to never invest more than you can afford to lose, especially in Crypto.

Hive is a different animal in a sense though, as many have invested mainly just time into the platform and are earning daily rewards for their efforts, sure growth may be slower, but their risk is almost zero, except for the time that they invest. That time invested though also puts them in contact with brilliant people from around the world, and shows them points of view which they may not have considered otherwise, so for many, even if the whole deck of cards comes tumbling down, they will have enjoyed the journey and made some friends for life along the way.

Conclusion

Keep on telling your friends about the world of Crypto, and lead them to the waters of potential wealth. Who knows where Hive and other coins may head towards in the years ahead? Why not invite them to Hive and delegate 100HP to them to get them started for the first few months.

We are still early on in the journey from what I can see, and there are many twists and turns ahead. As I type that sentence, I am reminded of this poem from Robert Frost which I have always liked. Which road will you follow and will some of your friends join you?

Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;

Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same,

And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever come back.

I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.

The images used are not my own and the following are the sources:

https://www.bbc.co.uk/
https://pixabay.com/

Peace Out