How has Crypto and Blockchain Technology Impacted my Personal Finance.

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(Edited)

How has Crypto and Blockchain Technology Impacted my Personal Finance.

Before I start with my personal story I will to thank @theycallmedan for this initiative and the very apt use of the tag cryptofinance. Whoever in the blockchain is using crypto for their financial need or planning for their financial future.

How I learnt about Bitcoin/Cryptocurrency?

It is in December 2017 when Bitcoin hit it's ATH my office colleague told me about it. He himself is a Bitcoin and other cryptocurrency investor and was checking his mobile after every few minutes. I just asked him what he is checking so frequently? He told me about Bitcoin , the price move BTC is making and he is just excited to check about the value of his investment. I understood the price and market gains BTC is making but will it move like this in future too?

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How I started.

First thing I do after coming to home to research about amazing Bitcoin that has just doubled within a month and made enormous gains after it's inception. I always found 2 side, one said it is future tech and other said it is ponzi. One said it is future money, other said it is just a bubble that will burst. I decided I am not more going to read all social media news instead I will read from books. I read "Mastering Bitcoin" and "Mastering Blockchain" that convinced me it is sound mathematical cryptographic function that governs it and it is really a people money and is decentralized in nature. I also come to known about other cryptocurrencies existing in market.

Buy vs Earn.

I got the confidence that I should pay attention to the crypto sphere but I found that the legal regulation in my country put in not recognized category.(It is neither legal ,nor illegal in my country) . I want to be in this journey but finding it hard to put my savings can deemed illegal. Finally I got the idea, let me earn it for my financial future without diverting my income. I guess first I landed in faucets and ultimately I liked the idea of earning by content creation. So it is start of my Steem Hive journey.

Game earnings for me phenomenal.

I used to play mobile games like "Clash of clan" and "Game of war" . Since I not spending money as such in these game, I got stuck and finally uninstalled them too. I was shunning the game for too long when some success stories of Splinterland's caught my attention. I started wit $10 started pack and invested other 30-40 dollars. What is amazing that my $50 investment in playing SL is now worth more than $2000 in cards, DEC and booster packs. I am also making 7 cents rental income daily that comes to $25 a year which I say is very nice for $50 investment.

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In accumulation mode.

I am accumulating all my Hive, stacking it up and side by side I am accumulating the tribe tokens too. I am not spending any of crypto earnings and using my fiat to manage my bills.

Long term goals.

When I say long term ,I really mean long term like 20-25 years. I think I have accumulated enough at that time in Hive that my journey will be transitioned to Author to curator. Learned enough on my subject to be called subject matter expert, guided enough user to be called as community leader. It will be generating enough income so that I do not worry about money once I retire from job.

Community Engagement

Currently I sponsor the Hispanic HPUD delegation for the Prize winner in Hive power up day. I also put my part of HP to my country community account indiaunited. I am in strong belief together we all can achieve financial freedom in coming days.

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This is my story, it is more of working for future financial independence by taking relevant action today.

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This article is specifically posted from Leofinance and If In case if you do not know what LeoFinance is then you can read about this platform at https://leopedia.io/faq/#what-is-leofinance

If you are wondering about wLeo then you can read about wLEO at https://leopedia.io/wleo/

If you want to start with wleo trading in uniswap pool, then please check https://wleo.io/

LeoFinance allow you to earn LEO that you can swap for wLEO and wLEO can be swapped for ETH in defi pool. So it is also equivalent to mining ETH from blogging.

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Hope you have liked it, Please feel free to upvote, reblog and comment.
Also feel free to give me a follow at https://leofinance.io/@r1s2g3

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51 comments
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Your current Rank (29) in the battle Arena of Holybread has granted you an Upvote of 4%

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Whoa...this is the first I'm reading that has to do with Splinterlands and such returns, congratulations on that I must say, I'm not sure how much I invested in cards, but I have pretty nice pricey cards in my deck as well, most of which I won

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Yeah, Stacking helps everywhere. Not selling even my rewards card that I don't use. Level up them to a usable level (6-7 for common. 4-5 for rare, 2-3 for legendary) and just put them for the rent

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Respect you.
Because of I haven't gaming skill, I haven't invest in Games.
That is my need to learn.

It is similar about most people who reached in Crypto.

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(Edited)

There are some easy game like Cryptobrewmaster and Risingstar you can play without much consuming time.
I get like 4-5 CBM daily for a 2-3 minute play that is equivalent to .2 Hive.
For past 2 - 3 months I started in Risingstar, That now started paying me around 2500 Starbits daily, But I do not plan to sell Starbits, I am planning to re invest all in my game account so that my game income will increase + I have lot more cool NFT's in game.

PS: Game links are my referral links.
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I have played Cryptobrewmaster since one week. I don't produce a beer in a day. What do you think why?
Can I play Risingstar with mobile phone?

Thank you.

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Can I play Risingstar with mobile phone?

You need to login with Hive keychain once afterwards you can create a mobile link in game so that you can play with mobile.

Cryptobrewmaster

Even I am not producing beer, I am just producing wheat malt and selling it in market.

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Very relatable story, I'm somewhat in the same boat.
I don't touch any of my crpyto money and I don't intend to do so for quite a while. For now, my real world job is paying the bills and will be doing so for another 5-10 years. If crypto is where I believe it to be by then, I should be set for life and possibly would be able to live from what I have earned in the crypto world.

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Best thing is that you are creating a writing profile for yourself, earning a followers apart from earning money.
Even we do not reach the point we expect (hopefully we do.) we have already gained some intangible benefits.

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Exactly - the fun thing is I started blogging as an excuse to practice my English writing skills back in early Spring. The ~1000 dollar value it did create ever since is just an added bonus for me.

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Loving the way you put Splinterlands to work for you. I should look into renting out some of my cards! Very smooth!

I almost forgot tomorrow is HPUD and also HiveChat on Twitter! Great post thanks for the inspiration!

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In yesterday leaderboard , I got 2 booster pack for 27th place finish. If you see I did a change of my strategy that I explained here and these card put on another account to generate rental income

Some little changes can give nice benefits.

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This might be your story but to me, it serves as a motivation and An eye-opener to do more for myself by researching. You have invested a lot and I think you have gotten a lot too. You not spending a dime from money made from crypto is a level that I what to attain too but for now, crypto is all I have

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Thanks Friend.
One of the best thing in Hive is its investing by "Earn" principle. Doing research and Engagement in Hive will definitely pay you.

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I just discovered today that I could actually track my activities on this platform and also set a target for myself.

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amazing journey/story you have with cryptos. And, yes the law part is a bit scary. I'm also into cryptos for the long term thinking of it as a retirement plan if it really gets adopted in every part of the world and becomes mainstream. looking forward to a bright future with cryptos and blockchain technology. cheers

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Government are really embracing the blockchain and shunning cryptos but I think with time we will get widespread acceptance for cryptos too.

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Hello! Good to see that not only the blockchain did very well for me. They all have an interesting story, and the best thing is that they are all positive. We are definitely writing the history of economics. Excellent publication friend!

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Great story, Rajat! And you gave me an idea for my future vlog/blog with your post! Thanks for that!

I have never put on the paper how much money did I invest in Splinterlands, but I have no doubts that it brought a great income!


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This is Awesome Content, and it will be manually curated with an upvote of 65% from @thisisawesome (will be done today), and it will also be included in our Awesome Daily Curation report in category Awesome CTP Curation for more visibility.

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Pre DEC period ,cards were too cheap to buy. But after DEC cards got expensive.
I still remember purchasing Malric Inferno for 24 cents,Alric stormbringer for 33 cents and other cards that might be just 1/3 of today prize

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Playing games can give you returns like that, that's unbelievable to many people. You're doing it. This is just a starting. Just wondering what would happen after 10 or 15 years.

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I am not big in Dcity but I think some user made nice frofits from Dcity too.

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Amazing dear.. splinterlands is the game which gives a mot to me also.... my game collection worth more then my hive stake...
Its nice to read your post...
Keep inspiring others....

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Same for me, My splinter cards have more $$$ value than the Hive I hold. But it is somewhat due to weak Hive price also.

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This looks like a great strategy you have, @r1s2g3. I also got into crypto a bit when I learned that I could earn it with out investing out of pocket. Especially because right now I don't have very much I can afford to lose. I love the fact that you can invest it, earn it and use crypto to pay for more and more things.

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That is most interesting feature that you can earn beyond the boundaries of your location or country.
Earn and invest strategy will always be viable strategy.

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(Edited)

Interesting back story.

I know that feeling about uninstalling Clash of Clans when you realise it's a money-drainer.

It's motivational to think of the long term vision - assuming Hive lasts and even if the price remains stable - if we just stick it out then curation returns could be enough to live off in just a few years.

Although it is about more than just the money! It's a nice place to call home.

Just be nice to see a few more people come on board!

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uninstalling Clash of Clans when you realise it's a money-drainer.

After playing blockchain games I realized we do not own anything in game like Clash of clan. Whatever purchased cannot be sold at all.

After LEO, STEM is getting hot, Just thinking if we get 2-3 more tribes like this, all can achieve their goal very soon.

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I only tried it out because work had bought me a new ipad and I Liked Command and Conquer when I was younger - this looked similar - I think that was in 2013.

It didn't take too many overnight destroys for me to uninstall, having not spent a penny on it!

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I entered into this crypto space during the covid lockdown. During those days, I spent most of my time on hive. I luckily managed a splinterlands account with a 10$ starter pack for free. Now my splinterlands account worth more than 30$ without spending a dime. I live in a country where my monthly salary is less than 200$. I saw many people earn more than 200$ with simple curation rewards on those platforms. Though I don't have enough money to invest & earn from curation rewards, I am planning to start blogging on hive.blog & leofinance.io to earn crypto. Let's me see how this changes my personal finance in near future.

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Now my splinterlands account worth more than 30$ without spending a dime.

Nice growth here, Do you know that you can play Splinterland in reward sharing mechanism with other player. That will give you more exposure and more income to grow your own account.

I am planning to start blogging on hive.blog & leofinance.io to earn crypto.

Sure, This will be start that eventually give you income for staking and curation.

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That’s a tough time to get in a lot of people got burned and bad mouthed Cryptos without understanding it! I’m glad you had the courage to stick around and learn abs I’m sure it will benefit you in the long run with what seems like a simple decision

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I find main issue is that many of them joined it for quick profits, invested in scam ICO, sending money to get double. They ignored their foolishness in all this and blamed crypto fo this.

Sound projects will remain and we still going to have some "scam /bad" projects. If someone not taking decision wisely then it will definitely going to leave a bad taste in mouth.

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WOW! investing $50 and making $25 is very good.
I heard of Splinterland but have not tried it yet. I must try this now.

I must start playing this game instead of wasting my time on other Social Networks :-)

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WOW! investing $50 and making $25 is very good.

yeah, but do not forget there is a "time" factor involved. playing daily and learning strategy also involved. Until I did not get my account to desired level (Level 5) ,it involved playing in reward sharing model too.

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I always thought that i need to either invest or create some content to earn on Hive.
Never thought that i can earn by playing Games.

This is amazing :-)

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That's the beauty of Hive, Even reading and commenting can help you in earning.

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You got instructing story I also started my journey with faucet by earning some little bitcoin after that I made my own faucet and also made account on hive
And everything going great

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Thanks for your stopby. Nice to know that everything is going great for you.

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Yep everything is going great for me

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