staking and mining are both okay if you are one the earliest.
if you are late then mining beats staking if you can scale. if that staking thing turns to shit it is done, while in mining you can shift to another thing.
Yes agree early stage very important. I saw people who got from coinlist at he beggining for couple of cents coin and they kept farming those coins now they got way expensive.if you are late then mining beats staking if you can scale. if that staking thing turns to shit it is done, while in mining you can shift to another thing.
being early is the name of the game from day 1, that is why premine and instamine was invented..to be the earliest of the earliest hehe
This is ostensibly untrue. Granted the way to get 1000x is to be in premine, VC or seed round. But you can also get good capital appreciation and/or yield from even being moderately early in buying from an exchange. I was nowhere near early rounds and have ALWAYS felt I was too late but did pretty well with Link, BNB/Cake, Matic and Avax. You need to be able to be attentive to the ecosystem as a whole to see good things coming.
I find it reasonable to mine and then stake the mined coin. Then use a bit of the eth to speculate. Again, ymmv.
yes you have a point up to those projects that did well. but anything below those (which are..pump and dump, fail coins, scam, buying power of idiot community) that did well you need agility to enter and exit "early"
Yeah early on I was susceptible to farm tokens but I pretty quickly converged on a thesis of sticking with the gas token of a good growing chain and at most maybe one dex/amm token. At that I favor the dex's that have their own yield available on their native tokens, like was mentioned above that eliminates impermanent loss and also I've found saves gas. I won't even mention names, some were already mentioned but I'm not shilling bags here at all. I'm in around 4 dexes and of those at least 2 are multi-chain and I am in them in more than one chain.
When a good new chain launches or better still offers strong liquidity mining programs, they will often experience quick capital appreciation and often you can get in between the announcement of the LM and the implementation and still get good gains. I'll take the gains and roll half or more back into btc and/or eth.
Again, farming or speculating isn't for everyone. I could probably do or have done as well at only mining and being more aggressive about buying and selling video cards or ASICs and looking for hosting or power deals. But I've also gotten burned by buying and selling cards like on ebay, so actually not dealing with the individual while trading tokens appeals to me personally.
I totally understand you..being not the most early but early enough to get gains..there is money to be made.
when the bullrun is still not over you are still early because - it is not topped yet
when the market peaks you should be early enough to exit.
when the bear market begins it is still early enough to sell because - it has not bottomed yet
when the market bottoms you should be early enough to buy.
when the cards are still cheap you should be early enough to buy.
is you master the "way of earliness" you already got at least half the battle won..more like 70-80%