I have a plan for my daughters a portion of my daughters college. She's 4 so that will be in 2028. Today I purchased 5 ZenHashlet Solo's from GAWminer. Hashlets are 1 MH/s Cloudminers costing about $20.95 and are paid out in BTC daily for those not familiar. These mine on one of various different multipools, I use the Zenpool because they are the most profitable. They have been averaging about 0.0005611525 BTC ($.266875) per day after maintenance costs. You can set these up in a mater of minutes and they can be set to reinvest the mining profits automatically toward more miners at a 5% discount. Now assuming the pool can retain it it $.26 profit per unit each day and the price of a hashlet remains the same and is readily available, you will have 507 in a years time producing $131.82 Daily in BTC or $48,118 per year. If you cash out half of that and invest it cautiously and retain the other half strategically in crypto you should be able to have a nice chunk of money for college set aside. 14 years worth for me I'm hoping she can go to the University of her choice, and come out of it completely debt free and as a graduation present have a mining farm that will hopefully still be producing a nice little profit for he to start out with. Anyone interested in Hashlets let me know and I'll be happy to try and answer any questions.
Perhaps, one day we can offer you a choice; USD, Bitcoin or that one with "reliable long-term appreciating value." Or would you prefer to have your DNotes deposited in one of our family of CR.I.S.Ps. What is that? Stay tuned.
That sounds like a great plan. It is easy to forget that if a little is added to your savings everyday it amounts to something every year. After many years it becomes quite sizable. An attractive compound effect is very favorable over the long-term. I just hope that your assumptions will continue to hold true. Sometimes, there are many things beyond one's control. As a good investment practice, it is a good idea not to put all your investment (all eggs) in one basket.
As part of an overall investment portfolio, it is a good investment strategy to allocate a small percentage (5% to 10%) to be invested in high risk/higher return situations. Unfortunately, this is the area where the most mistakes are made.
Selecting high risk candidates is extremely difficult. There are always more bad selections than good selections. Of course, you want to pick the right ones. Otherwise instead of getting ahead, you fall behind.
It is extremely important to take your time, be as objective as you can, and continue to narrow down your selections. Dont let your emotion get the better part of you. Excitement is not a guarantee of high returns. Dont buy into the claim that this is a once in a life time investment opportunity. The same person could be making the same claim on a different investment the following week.
If you have a choice, give preference to the ones that already has a demonstrated track record consistent with their claims or missions. Most businesses failed to deliver what they represented in their business plan.
If you are fortunate enough, getting in on ground floor opportunities can make a huge difference. Let us take a closer look at Bitcoin and DNotes value appreciation tracks:
Bitcoin:01-03-09 Genesis block established
10-05-09 Exchange Rate published $1 = 1,309.03 BTC
05-22-10 Pizza purchased with 10,000 BTC = $25
or $1 = 400 BTC
09-12-13 $132.59 = 1 BTC (exactly one year ago)
09-12-14 $471.71 = 1 BTC (Today)
DNotes:02-18-14 Genesis block established
02-26-14 1st Day on Exchange closed at $1 = 400 DNotes
Once it settled (30 days) $1 = 2,000 DNotes
09-12-14 $1 = 200 DNotes (Today)
This is just to demonstrate that picking the right investment and investing at the right time can make a huge difference.
Bitcoin is not going away. It will remain as the backbone of our industry for years to come and as demand grows its value will increase. For long term investors Bitcoin is a good store of value. However, it is already priced to perfection with limited potential for near-term price appreciation. DNotes could be a better choice. Stay tuned for my next blog.
This post hit home for me on the "Store of Value" point Dyna has been explaining to us. On the surface, Bitcoin looks like a fantastic Store of Value, until you look deeper into it. The daily price of Bitcoin is very volatile. Dnotes has not only shown more increase in value as the coin ages, BUT...the important part: DNotes has been STABLE. Stability is as important as increase in value.
Bitcoin took over a year to increase 10X, Dnotes has done that in six months, and remained stable, with higher highs and higher lows than Bitcoin. Bitcoin has been a great store of value, up until now. Bitcoin may have maxed out.
What if you would have if you would bought 10 bucks worth of Bitcoin 16 months after release? You would have bought 4000 Bitcoins for 10 bucks! What is it worth four years later? Almost Two Million Dollars!! If you compare Bitcoin with DNotes, the first difference you will see is the difference in Price Stability. In fact, compare ANY coin to DNotes and the first thing you will notice is the Price Stability of DNotes. No other coin has it. When we realize that Price Stability is CRITICAL to be considered an acceptable Store of Value, and Store of Value is CRITICAL to widespread acceptance, then DNotes is the ONLY candidate for widespead acceptance, as of now.
When you look at the Bitcoin example above, ANYONE that knew ANYTHING about crypto-currency would buy 10 bucks worth of DNotes, for not only their kids and grandkids, but for EVERY family member! (Even the brother-in-law that borrows from ya all the time!).
Price Stability = Good Store of Value. Good Store of Value = Merchant Acceptance. Merchant Acceptance = Widespread Use. Widespread Use = Returns BETTER THAN BITCOIN!!
Buy DNotes for the family. You could very well be a Hero, and everyone's favorite Aunt or Uncle!!
Smokey