The Sapphire Economy - Trading, Passive Income & Crypto Side Hustles!

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Avatar for SapphireCrypto
3 years ago

Where The Journey Began

In 2009 I bought my very first share on the stock exchange! Instantly I was intrigued by the idea of holding something that became more valuable over time. An asset that increased in value and possibly paid dividends, depending on the share. I started with ETF's, gold mining stocks and eventually graduated to trading CFD's and options.

Online trading opened up my mind to the idea of different and alternative online methods of earning additional income. Needless to say that over the next 10 years or so I tried pretty much every online model I came across. Crypto caught my eye in the early days but I did not pay much attention to it at all. This was around 2010 and at that time the dollar seemed far more valuable to earn.

During 2013 I became somewhat interested in Crypto again but still did not get involved. Towards the end of 2015 I decided to do some serious research and study on Bitcoin. I guess everyone can guess what happened next! The good old rabbit hole got me and by 2016 I was pretty involved in the space, gaining as much info and knowledge as time would allow, constantly looking for as many ways to accumulate free Crypto and increase my bags!

The Building Begins

I quickly began to realize that there were so many ways that I could invest my current holdings and actually compound my position into the future. So I began looking at different platforms and exchanges where I could actually earn dividends by holding the exchange or platform token.

Graviex and BitMax were two great exchanges I found to earn daily dividends and formed the basis for which I began to build. Multiple exchanges, platforms, staking projects, smart contracts and dapps form the Sapphire network. Earnings and dividends in turn flow into other projects and so the "mini economy" begins to compound.

Many of these platforms yield between 30% to 40% per year, while some dapps built with smart contracts offer as much as 20% on a monthly basis. Obviously one has to be weary and allocate very wisely, as well as regain the initial investment before going overboard. TRX dapps are a firm favorite of mine as there is such a vast selection to explore!

Slow and steady wins the race, accompanied by carefully calculated diversification so as to minimize risk as much as possible. It is also important to have some profits flow into a private wallet so that you do not have too much capital locked up on third party platforms and exchanges.

The Synergy

When you bring the different aspects together, you begin to see that to be truly effective you have to combine the passive, active and semi-passive! The passive being the design I have just explained, the active being the side hustles like Publish0x  and the semi-passive being the trading side of things.

Do as much as you can, deploy as much as you can and build as much as you can! Eventually your efforts begin to snowball and compound into a finely oiled machine!

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$ 0.65 from @TheRandomRewarder
Avatar for SapphireCrypto
3 years ago

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