It Feels Like We're The New 49ers Of The Blockchain

49er or Forty-Niner is a nickname for a miner or other person that took part in the 1849 California Gold Rush. source

Today is a historical day for us, leofinance users. We've been expecting this day and finally it's here. Khal has just announced the good news -> New LeoFi Products, Snapshot Announcement, CUB Tokens and BEP20 LEO

If you go through the newly created posts on leofinance, you'll see 90% of the posts are about the new announcement and what it means to us as a community and to the individual authoring the post. I can understand why as I'm one of the users participating in all this.

Image by Pete Curcio from Pixabay

The title of my post is It Feels Like We're The New 49ers On The Blockchain because I see us in a similar situation. A good part of those who got into mining in 1849 got rich. That's pretty much the case with the early adopters of bitcoin. When the first bitcoin ATM was set up in October 2013, $1 was worth 100 bitcoin. Those were the good days!

However, that ship has sailed. Bitcoin ATH is $58,640.77 and today it is somewhere around $47,876.84 at the time of writing. It's still not too late but obviously it would have been better to join earlier for a bigger profit.

Hive blockchain is barely one year old as the training period under Steemit can't be counted in. Leofinance is two years old and it's still in its infancy. I hope I'm not offending anyone when saying that it's still in its infancy. If you look at the announcement made by Khal today, you know I'm right. Some of the projects are just rolling out and how many are under development, or just in project phase.

We're in the right place at the right time, we're early adopters and can benefit from it if we know how and the emphasis is on if we know how. We get airdrops, claimdrops but in fact nothing is for free.

If you look at Khal's post, it's full of technical terms and for someone who is not familiar with these terms, the whole post may look like Chinese. But even if you understand it, you need to meet the requirements and make the right decision.

The truth is, there's a lot to learn every day, which is time consuming and requires a certain level of knowledge and dedication. I'm trying to keep up with everything that's happening and choose wisely but the truth is, we only know afterwards.

I can't complain, so far I've been lucky and made the right decision but I put in a lot of work as well. That's how I can participate in this airdrop/claimdrop and be part of DeFi, later of the new #projectblank. I'm really glad to be here, honestly, would be a shame to miss these opportunities.

Look at the chart above. As soon as the news broke the price went up and maybe it can go higher. FOMO is working. Everyone wants some liquid Leo to be able to participate in DeFi. I'm curious to see the price tomorrow when the snapshot is going to happen.

These are not the times to sleep and rest. We're making history here and one day we're going to be proud of ourselves for what we've achieved. Leo can be the new bitcoin very soon, so now is the time to make smart decisions and fill our bags. Learn as mush as you can, ask for help if you don't understand what's happening, but be here, be active.

What do you think? Can we sit back and relax?

Posted Using LeoFinance ^Beta