A psychological component benefits those who invest in cryptocurrencies when they see gains. It is arguably very beneficial for a person who uses high yield investment programs in a low risk free way. This only starts with investments that you’re not dependent on. You have to be willing to lose to gain from them. Personally, I wouldn't invest more than their minimum allowed.
With risk comes reward but please, take heed, don’t ever invest anything that can break your bank because there is no security in anonymous companies and just because they have a business license and an office, it doesn’t mean they won’t try to take 500 Million and run like Bitconnect.
Psychology has everything to do with success. Health and happiness are of true value, not money, but money can buy you time to value the more important things in life.
When a person witnesses their digital assets growing and sees tangible residual income, it creates an ease of mind that alone, is the true key to success. Success isn’t defined by how much money you have, but how happy you are, how stress free you are and how productive you can be at following your dreams.
Residual income from HYIP programs is more favorable than simply seeing your assets grow because residual is perceived as non-stop stability. Having bitcoin grow 10x is nice but once it’s spent, it’s gone for good. With HYIP, that money you get daily keeps coming, forever, that is until they fold. Such has been their historical lesson. However with strategic re-investment of gains made from HYIP programs, there is true potential to gain tremendously, but always with the risk of loss. They can be a valuable part of a diversified crypto portfolio, but for how long is yet to be determined.
The first step is to have the right mindset; know your risks, know your rewards, never invest more than you can lose and limit risk while re-investing in rewards as much as practical to gain the most profits.
I lost 50K in digital assets, 140+ bitconnect coins, which I still hold today for no other reason other than for evidence in the new class action lawsuits people are filing against them. I knew when I joined that if they were to rip off 100’s of millions of dollars for millions of investors worldwide, they wouldn’t sit down and the company would see their moment of truth. That’s why I invested in them. I knew that with the open community, public events and a registered license that only gives the liability. A person had to file their business licenses and take risk of their own. I believe that with extreme wealth with lack of morals, drunk on power they thought they could get away with it, but I disagree. I think they will come to justice, but time will tell. That 50K was never mine, it was theirs, so what loss did I have? Did I lose the $15K I put in? Actually, thanks to the many ICOs I invested in with their payments, I came out OK in the end. However, I know many didn’t. (link to other steemit blog)
I am still involved in a few lending programs that are holding my money. I started to join more at the same time right before Bitconnect’s exit scam, but I’ll tell you this.
I lost 0.4 ETH in the Bitcoin AI scam I posted about before and $1111 in ETH from Davor as well. Whoops! It was all the houses money. I’m not at a loss but I’m being more cautious and I don’t care to find more scams.
I realize they get new people with marketing and rhetoric. The fact is, they shouldn’t be trusted if they claim they are being anonymous like Satoshi Nakamoto, they are far more likely to liars when they say this, simply positioning themselves for an exit scam. If they had integrity for trust, they wouldn’t have to do this.
At the time of it’s peak, nothing made me more satisfied with my income, more confident of my long term future in cryptocurrency and more relieved of financial fears than bitcconnect, and I’m now not alone.
Now, they did take $50K and I agree with the critics that they are criminals. But the feeling of relief from money stress was so valuable. It’s the feeling of not being afraid of money problems ever again. Although illusory, that feeling, many wealthy businessmen point out, may actually have had more to do with their success than the money in their bank.
Some call it, “the Secret.” — Imagine what you will feel like when you no longer have to worry about money. This emotion, which can be conjured up with inward meditation guidance, changes your personality. With personality change towards total optimism, one becomes open to receive more than someone who is stressed about money, such is the dualistic paradox of human nature.
You start loosening up, having more sense of humor, you don’t take things so seriously and grave as those who do stress about money and that relief is attractive to others.
Something esoteric happens when you stop worrying about money. Your mind opens, your soul opens to new possibilities, to find time, to follow your heart, to live a life of value. You relieve yourself of stress, new doors open for you. I believe my good fortune in life post-bitconnect can be attributed to the real power of the mind when it is turned on, free of fear, anxiety and willingness to lead a life of value.
For money is not the ultimate objective, time is. Time is important so we can experience the now, over and over again, and experience it in a good frame of mind, for that is the only purpose of time, to extend our potential ecstasy for the love of live, something that you can’t put a dollar sign on.
Money doesn’t buy you happiness, but lack of stress does, financial ability to afford time does, for time is the most valuable commodity and with it, you can explore the nature of the soul, recognize the meaning of life, and with time and money, provide opportunities to help others, the most rewarding work there is for a person.
Great success has come into my life when I gave up fear of financial problems. The millionaires influencers who write books for entrepreneurs talk about this secret and that wealth is all in the mind. When you’re free from that illusion of fear, energies come into play where you attract wealth naturally. It happened to me. It started with bitconnect ironically. This is just my opinion but regardless if you invest in crypto or not, if you invest in a HYIP or just a great token with utility, if you free yourself from anxiety, or if you are patient to wait for the massive gains from cryptos in our future, I believe that great success will happen to you because you will attract it.
This ancient wisdom, also found in Yoga philosophies from the days of antiquity, prove to be valid today. Personally, I feel like the most success I have had began as I gave up the fear of being poor and struggling.
Bitconnect did change my perspective on money creation and I left my false ego body of fear behind, leading me to only become a better, smarter investor today.
SOCIAL MEDIA SHARE LINKS
This is archived on the blockchain.
JOIN STEEMIT and VOTE UP THE REVOLUTION to support our blockchain direct-democracy movement.
Join us on MINDS https://www.minds.com/RIPAC
Follow my personal Minds page https://www.minds.com/groups/profile/662870759764402192/activity
(
)
Join me on GAB! https://gab.ai/Voluntarious
PARTICIPATE in COLLABORATIVE SOLUTION BASED ACTION.
FIND YOUR PASSION and GET INVOLVED.
USE YOUTUBE AND GOOGLE integration for INTERACTIVE DISCUSSIONS with PURPOSE.
WORK WITH US on Facebook and SUBSCRIBE TO OUR GROUP for participatory ONLINE ACTIVISM.
TWITTER linked through FACEBOOK is key in the expansion of the RIPAC CONSTITUENCY.
CONTRIBUTE for COOPERATIVE GOVERNANCE.
FREE Master Newsletters Include ALL Collaborator’s References.
Donate:
BTC 166umitUDHvq16d7dgzTHmQxhs186eAwFe
ETH 0x66FEFC1Cf4d7660c4d8D86e27430195dcF12cc7d
I totally agree with your opinion on this one.
"Psychology has everything to do with success. Health and happiness are of true value, not money, but money can buy you time to value the more important things in life."
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit