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7 years ago in #cryptocurrency by lukebrn (58)
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This is another great post! I'm glad you're continuing with your plan to do this series! As I said before, I think there is a huge need for this type of education for people in the crypto space and beyond - passive income is the key to financial freedom and I know that it's extremely important to continue educating people about it.
My good friend @khaleelkazi actually owns NEO, I asked him to take a snapshot of his wallet so I could share the data with you. He said that he had 28 NEO up until 1 week ago when he sold 14 (which he's not entirely happy about right now with the price soaring to nearly $200!) He said he made a great profit on NEO (he bought in at $25/NEO). The GAS he's earned isn't anything outrageous, but as you said, passive income is passive income!
Thanks for the great comment! I completely agree that there is a need to educate people: I have another series already planned for after this series regarding key investing principles.
That's great that your friend made some passive income through Neo - it's unfortunate for him that he sold before the spike but he's still doing well with 14 Neo. Exactly, what I am doing is slowly building up multiple passive income streams over 2018, some paying little amounts, some paying medium amounts. At the end of the year I am going to look at the total that I earned with virtually no effort.
Thanks again for the comment, it really adds value to the post!
Good post.
I think a point to add on the Gas earnings is that although c10% may not sound high, it is relative to the future growth in value of these coins - if each Neo is worth say $5k-10k in 5 year's time, it'll be a nice little earner...
Thanks for the suggestion - I already have that included under the Verdict section!
Apologies - I see that now. My bad :(
No worries - glad to know you were trying to help anyway! :)
Man, I wish I had picked up some of this earlier last year. Really wasn’t interest in / opening to investing in a Chinese projects at the time - another costly lesson in closing off possibilities before truly understanding them...
I'm with you there! I got in to it at a good price, but could have gotten in lower if I hadn't have been so reserved.
I'm currently doing a research project in to low market cap coins with potential to grow and provide a passive income - it would be ideal if I got a masternode of a cheap coin that grew! I will let you know if I find anything worth looking at, so we both don't miss the boat on them!
👍
Keep up the good work, this is an important series and likely will be undervalued on here.
Good work buddy!!
Thanks Barry! If it is undervalued so be it, I'm happy to be helping the community anyway - thank you!!
I’m re-steeming so I have it on my fee (selfish I know) but I want to read this later when I have some more time without kids running around. I look forward to following your series!!
Thank you very much for the resteem!
Good overview! I agree, NEO won't make you rich off of the percentages alone.. although it IS a lot better than what banks will give you. The way I see it you can either own a token that does not give you an extra dividend, or you can own a token that does. Both will appreciate in value. In my mind, the one giving free dividends is a lot more valuable!
And who knows, one day, as you say when the price of GAS is high, your investment may have turned out quite profitable. I already make back my original investment in less than a year, due to the NEO price rise.
I'm holding this for the long term: maybe I'll have a couple thousand a year as extra income? Sounds nice!
Thank you! I couldn't agree more - more or less free money is always better!
That's great to hear you've already made back your investment. Exactly, that would cover a lot of expenses over a year! Thanks for the great comment :)
great post!!!
Thanks!
Already doing this but Kucoin still has problems with the payout. They claim to do this daily but only 2 out of 5 days my GAS.
I see! That's strange, do you get paid for the 5 days?
They should pay-out GAS on a daily basis. The pay-out per day is correct I guess just missing some payouts.
Agreed, it must be confusing not knowing what you earned and when.
This works as a nice bonus for hodling NEO. I don't plan on selling my NEO anytime soon so earning a bit of GAS on the side is a nice bonus.
Yes exactly! I earn a tiny amount of Gas, but like I said in my post it's still free money, however small it is.
Thanks for introducing to us the first cryptocurrency to earn passive income, @lukebrn!
After reading your well researched opinion, I am interested in exploring more about NEO as a valuable crypto-investment option.
Are there any reading materials that you recommend to help investors better understand the business model behind NEO, the blockchain technology empowering it and the future of NEO?
No problem @aaronmcheong, Glad you enjoyed it and thanks for the comment!
Great to hear that you're doing your own research even after reading about it - always a sign of a smart investor.
Honestly, their website is the best place. I'd advise reading through their website, especially their blog. Check the website out here. Boxmining also did an interview with the CEO which is very informative. Check that out here.
Well, my 1 NEO get should get me rich sometime in about a hundred million years! Better get strated!!
Haha I did the numbers and if one Neo stayed worth $170 and you earned 7% interest per year, you could be a millionaire in about 130 years.. Hodl that NEO!
Nice. Big fan of NEO/GAS here. My GAS earnings are closer to 5%, but I ain't complaining! Also the link for the neon wallet in your blog in not there so...NEON WALLET
Nice work @lukebrn!
Cheers for the info Chris! Thanks for the link too, I did forget that alright. New post on Navcoin is up, feel free to let me know any feedback you have!
A very good post @lukebrn.....
I am sifting through your stuff and you provide valuable facts. This is becoming like a go to reference guide on tokens.
My question to you is what is the utility with NEO. I understand that it is attraction the attention of the Chinese but the Internet isnt geographic so I am not sure that holds much weight.
As for the things you mentioned like DApps and smart contracts, that is going to be on most, if not all blockchains here in the next year.
Do you agree with me the tokens that are going to move ahead are the ones that have utility in the sense people can earn them through their use? It seems NEO is another blockchain of buy in and we move stuff around.
Am I looking at this wrong?
Thank you @taskmaster4450! Thank you, I'm glad to hear that you like my work. Well firstly it is actually backed quite strongly by the chinese government, which is natrually a good sign for a succesful company.
Regarding the utility of Neo, here are some points about it:
it does not have one specific function that makes it a "wow" coin, but when you combine all of that with its already large audience, I think it has a good future. That being said, from a general perspective, it is always better to look for coins with very specifc unique selling points. Neo is one of the few exceptions that provides a multitude of unique features but also has a lot of support!
Oh and I forgot to mention the fact that you can build Dapps and smart contracts with so many different programming languages on Neo is a big plus. Hope this helps!