Today I fell asleep at around 3 AM because I was still up working on various sites. Then I woke up at 7:20 AM without an alarm, about an hour and a half before I was intending to wake up. I saw an email from my client who I’m building and marketing assaultbikewaterbottleholder.com for. I made some changes to the site as he desired, and then I went ahead and scheduled posts for the rest of the week of his brand across Facebook, Twitter, and Instagram.
Additionally, I documented my process for marketing both the Assault Bike Water Bottle Holder, and Ommate, and created a video tutorial of it which I shared here.
At some point in the day the son of my friend, and also my friend. added me to a crypto-currency group on Facebook. I invited two friends to it and introduced my friend. The one who invited me to the group said:
“Note: Capricoin is a terrible Coin the company backing this coin ( vizionary ) has had a history of repeatedly scamming people .
Vizionary has been involved in numerous scams which have resulted in many people loosing their funds .
Please refrain from promoting projects that have have no actual value and are merely here to rip people off. This goes against the Rules of our group.”
Well, crap. A lot of crypto-currencies fall under that category. The most recent one I bought, Verge, came up yesterday in something I was reading at 2 AM. The piece stated that Verge offered no real privacy, which is what the basis of its entire ecosystem was. It has also gone down 25% in the past week since I bought it.
When I send these things to my investor friend he says that I just need to go to sleep and/or not look at the charts. I think he’s mostly right, because a long time ago, and even these days, there’s people like Warren Buffet who don’t believe in BTC, and people like the Winklevoss Twins became billionaires from it.
“Their mentality appears to be focused on investing rather than spending. “Long term, directionally, it is a multitrillion-dollar asset — I don’t know how long it takes to get there,” Cameron Winklevoss tells CNBC. They’re willing to be patient. As Cameron wrote in a 2013 Reddit, Ask Me Anything post, “I’m in this for the long-haul.””
The Times reports Cameron and Tyler did sell a portion of their coins to launch Gemini, a cryptocurrency exchange on which people can buy and sell bitcoin, but they have no other plans to sell their stake. A representative for Winklevoss Capital, the brothers investment firm, declined to comment.
Whether or not you’re getting rich off of crypto, there is a good lesson you can take away from the Winklevoss twins: Money you don’t spend on luxuries like fancy cars can be invested, and that lets it keep growing over time.
As ‘Shark Tank’ investor Kevin O’Leary puts it in a conversation with CNBC Make It, “The truth is, there is a lot of crap you don’t need.”
“Anytime I pick up something I’m going to buy, I say to myself, ‘Do I really need this?'” O’Leary explains. “Because if I don’t buy it, the money is going to be invested and make money every year for me while I’m sleeping.”
Even if my investment has gone down 25% in a week I am still off better than I was a year or two ago when I was spending money on silly things like going to hookah lounges, vaping, or going to electronic music concerts. Those investments went down 100% the moment I indulged, whereas these investments are still there and have the possibility to make me money in the long-run. Speaking of the long-run, I want to put a good chunk of change into Tesla and ETH and forget about it for at least 5 years. I might have mentioned this before. I’m just waiting for the opportunity to have more money to invest, and it’s going straight into those two assets.
Now I am quite tired and I don’t know what else there is to write about regarding my day. It was an extremely busy one, and I got a lot done on the two sites I was working on marketing, as well as creating a tutorial and brainstorming what comes next for my own brand.
From here on out, it’s just a straight grind.
“When my legs hurt, I say: ‘Shut up legs! Do what I tell you to do!’” — Jens Voigt, German cyclist
To be continued…
Also published on Medium.