Author: Enki from the XtraBytes Slack Channel
I’ve always been the kind of guy that gets up to bat and swings for the fence. There is nothing like that feeling of making contact with the ball right on the sweet spot, yep, it’s gone. On the other side of the coin, I am no stranger to striking out either. When you go for it, all in, there’s always that risk of utter failure. Looking back at it now, I don’t remember the ump yelling strike 3, but I remember the glorious roar of the crowd as I jogged around the bases. My investments in the cryptocurrency space have been similarly aggressive. Might as well move all in with confidence, right? That’s what the Crypto Rush is all about.
With that mentality, why not push a few BTC into XtraBYtes? Is it a risky investment? Of course. Does it have a huge potential upside? To the moon and beyond.
It’s always exciting being part of a technological revolution. The reason why I invested in XBY is because it employs a game changing proof of signature consensus (PoSign consensus) algorithm that could be the bitcoin killer holy grail that every altcoin enthusiast is searching for. Eliminating both POW and POS completely effectively eliminates the problems associated with both. Now, it all comes down to the XBY developers to make it work. If it does, we are going to see a monumental revolution in the cryptocurrency space for years to come.
Holding XBY and allowing the developers to do their job appears to be the most logical investment strategy, especially for someone who isn’t into day trading. According to vanfly, an XBY developer who can be reached on the XBY Slack channel, this is a “development project” and not something that is guaranteed to offer a huge return on investment. As with any investment, due diligence and risk analysis are up to each individual investor.
According to the XBY newsletter, there is a soft deadline to have the Genesis Block completed in 6-8 days from June 4, 2017. So sometime around June 11 is a good time to check on the progress the XBY developers are making. However, in my experience, technical projects like this always take more time than anticipated. So more than anything else, have patience and allow the XBY dev team to work without constantly bothering them for an update on their progress.
Either this is the next revolution in the cryptocurrency space or it isn’t, simple as that. This is why I have no intention of selling XtraBYtes for a 10x profit. What’s the point? If XBY goes up 10x, why wouldn’t it go up 100x, or even 1,000x? This coin is either going to Charon, Pluto’s largest moon, or to Hades. I can accept either scenario. Either way, I never have to look back someday in the future and think about the “what if.” What if I would have invested in XBY early? Not me, I’m strapped in, arms over my head, no fear, ready for the roller coaster ride ahead.
Is early retirement just around the corner? Only time will tell.