Get In Early, Get In Big .:. Late Night Blogging

As usual, I got inspired for creating these Late Night Blogging posts by accumulating stuff that I have read or watched during the day... Or maybe by the recent events that have happened... For this specific post, I got inspiration from reading the comments on the post by @liotes where we asked the community their plans about the GLS (Genesis League Sports) platform... In short terms, it is one of the big projects by Splinterlands team... It is still in a very early phase and as such, it is a "risky investment"...

Also, I was watching multiple YT videos where some of the best investors in the world mentioned something like the title of this post... If you want to make "life-changing money", you have to get up early, and you have to get big... When I say big, it doesn't mean that you invest all your retirement funds into it, but you should do more than you spend on a Saturday night out... :)

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The issue with getting in early is with having the right information at the right time, or better said, getting it BEFORE others... But, it's not always like that... Sometimes, we do get a second chance, and occasionally the third chance to get in... For example, picking up BTC at 16-17K last year was a second chance for people who missed the 2017 pump... They (and many of us) thought that we will never have that price again, but we did...

I was lucky that I came into the cryptocurrency world heavily in early 2017... Just before the huge bull run... To be honest, you couldn't pick the "wrong token" in those days as everything went up like crazy... I was into ETH mining (as it was a POW blockchain) and in those days, ETH went up from $50 to almost $1400... I don't know how many coins did I mine, but I know that I have reinvested most of the money back into the mining rigs and still had some spare money to invest in different tokens...

The problem was exactly that... As it was a heavy bull market, I was full of crypto and I invested in a lot of shittoken as I had no idea how to "evaluate" them... I fell on a lot of promises of "fake developers", "fake companies" (Do you remember cloud mining? 😀), fake experts (everyone is an expert in the bull run), and fake friends... I didn't make the mistake to invest a lot in 1 project, but I diversified my funds among dozens of bad projects... Luckily, I didn't spend most of my mined ETH and some BTC that I bought with it...

After a while, in early 2019, I found this blockchain as everyone was doing ETH mining... HIVE became my main blockchain, my home, and I came here through Splinterlands... It was my first blockchain gaming experience and I didn't come at the beginning... I think that the BETA edition cards were actual, so I missed the ALPHA collection... The game had its ups and downs, but those people who were there from the beginning benefited the most! They got cheap packs, harvest a lot of rewards through gaming, and they grew their stake easily...

Another game that I joined was Rising Star... I missed the beginning for a couple of months, but I was there "relatively" early... I learned a "half-lesson" from my Splinterlands "miss out", so, I invested some crypto in-game, and compound my earnings aggressively at the beginning... I was a disciplined "player" by doing missions one after another, keeping my "weekly hours played" number very high... Probably because of all that, I'm now in Top60 of that game...

So, here we are today... In front of us, we have many different apps/projects/games and we HAVE TO pick one (or a couple) among many as it is impossible to do them all... From my previous experiences, I have learned a couple of lessons...

• From my ETH journey, I learned that I have to research well my future investments and try to lower risks as much as possible... Invest in projects that I understand how they work, that they have a use-case, and preferably, their team has a "positive" history in crypto...

• From my Splinterlands adventure, I learned that I have to come in EARLY... It's crucial to do it as you have many positive effects if you are in early... Cheaper assets (early adopters), better ROI, and better APR, which altogether mean faster accumulation through compounding...

• And finally, from my Rising Star adventure, I learned that I should go BIG... I'm not saying that my status would change dramatically in that specific game, but it would give me a much better wind in my back...

Now, imagine that you check out all these boxes... You find a project/game that is created by a well-known team behind, with positive background, that is creating something new based on a successful project in the past... Imagine that you are having that information before anyone else outside the ecosystem and you know that the launch date will be in the next 2-3 months, so you have time to collect some funds and prepare yourself...

Would you pull the trigger? Did you do something similar in the past and get in early? Please let me know in the comment section...

Not everyone will do it... And the reason isn't lack of money to invest, as the definition of "BIG" is different for people... As a matter of fact, only 3-5% will do it... So, if you found many people standing on the sidelines, don't be discouraged... If you did your homework and tick all the boxes, make the step forward as you could be one of that 5%... People from the sidelines will never get there...

Thank you for your time,

~ph~

PS. This is NOT financial advice

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