Migao Blockchain #053 - Do you want USD? Or be a pioneer in blockchain projects?

On March 12, 2020, Bitcoin fell from $20,000 in 2018 to a position of $4,000, and is currently at $40,000. I believe that many people felt that they missed the opportunity and did not buy Bitcoin at that time. It has risen 10 times now.

In terms of Cosmos ecology, a MEME coin - ChiHuaHua (Taiwan translation of Chihuahua) was launched in the middle of last month. Of course, I also bought this coin. Although I didn’t understand it, I bought it because I wanted to be a part of it. At present, it is acting as a ChiHuaHua validator for@CODENONGDaily and @CHICAKE GCAKE.

My ChiHuaHua coins were bought between 0.00088 - 0.0012 US dollars, and this Meme coin has just risen 10 times. (Did you miss it?)

20% of the cryptocurrencies in my hand are delegated to different validators, as are many projects, including Steem, LikeCoin, Luna, Atom, Osmo, and most recently ChiHuaHua, Desmos and Stargaze.

For these coins, it takes at least 21 - 28 days to cancel the delegation, and there is no delegation interest return within the 21 days of canceling the delegation. Therefore, I have already budgeted, and I do not plan to take it out in a short time after pressing the commission button.

For the 20% part, I have not thought about the "dollar value" at all, because I have absolutely no idea what the actual amount is when I withdraw it. I just want to gradually increase the amount of this currency through delegation.

And this kind of practice, some people are for interest returns, in essence, become the pioneers of these blockchain projects. Pioneers are not necessarily "developers", they can also be investors who are optimistic about these projects.

If, mentally, as a pioneer of the project, you will suddenly "forget the currency price". For example, can you immediately answer the currency price of LikeCoin and Steem yesterday? The approximate amount is also acceptable. The amount I often think of will be about 10% away from the actual currency price. Even when these currencies rose sharply, I realized they were worth so much. (USD value)

To use another analogy, if I hadn’t held Chihuahua Coins and entrusted it to the code farmer and the cake, I believe that I would have sold it early, and I would have a chance to see a tenfold increase. Looking back now, I think I was "full of luck".

I still remember that I started using Matters and LikeCoin on November 29, 2019. At first, I didn’t have a LikeCoin at all. After about ten days, suddenly someone saw my post one day, and I finally received LikeCoin. That was already December 9, 2019.

Using this table to calculate, that year 409.28 LikeCoin is equal to 1.79 US dollars, that is, every 1 LikeCoin is worth 0.0043 US dollars.

Looking at the value of LikeCoin today, the value is 0.0311, that is, it has increased by 7 times. In fact, it has even reached a higher value close to 0.08 US dollars, that is, it has increased by a maximum of 23 times.

If I want U.S. dollars, I will constantly "sell" or "speculate up and down". Of course, I also want "fiat currency", and I always have to live my daily life. However, the difference is only "you need US dollars now" or "you will only need US dollars in the future". The money I get on the blockchain is "extra Reward" for me. After withdrawing some amount every two months, I put the rest back into the blockchain.

Among them, the most common action I do is "re-roll".

That is, if I think Steem is good, I will re-pledge the Steem I receive every day; I think the LikeCoin ecosystem will continue to develop, so I will re-entrust the amount to the validator. Or, if I really want to get airdrops of future projects on Cosmos, I will continue to open a new account and then entrust ATOM, OSMO and Luna.

I am a blockchain user who often withdraws, but there are not many withdrawals each time, mainly to have a big meal with my wife.

If it looks at the value of "US dollars", the mood will rise and fall sharply with the rise and fall of Bitcoin, because Bitcoin rises or falls by 1%, and other currencies are multiples of volatility.

Perhaps, my cryptocurrency is not from "cash trading", but from content platforms (such as Matters, Steem, Hive, Torum) "empty gloves" and airdrops. Therefore, the mentality will be calmer than those who "put money into the currency circle". Because I won't have the feeling of "losing money", but only having the feeling of "making less money". Therefore, mentally, it will be more "game life".

Some of my friends will participate in the "testnet", some will become validators of different projects, and of course many will buy coins to participate in delegation and voting. They are the "first movers", believing that this one project will be successful, and together build the value of the project (not necessarily monetary value).

If you really see yourself as a "pioneer" of some projects, you must hold the Token in your hand. As long as the "project value" comes out, the by-product "dollar value" will come naturally.

Finally, I still don't understand the "substantial value" of Meme coin, but after holding ChiHuaHua coin for nearly a month, I found that Meme coin is "community value", it represents the resources of a community, and in the future This one community can "participate and support" different projects together.

When one day, other Cosmos projects were suddenly airdropped to ChiHuaHua's delegators, at that moment, it was really very special.