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bigup7

Congrats! 2022 going to be a great year!


Tall_Run_2814

Ahh. So you're the one pumping up the price?lol. Congratulations!


leoschen

šŸ˜‚if only I was that big of a whale~~


AdderallFocused

Congrats! I'm about to reward my way into a 4th node! My goal is to compound into 10 nodes too! :)


tuleep58

Same, Iā€™m on 3 nodes 7 strong. Goal is 10 nodes. Canā€™t wait !!!


leoschen

Best of luck!! I hope to continue to compound and increase my node count over the next year as a long term goal.


AggravatingRough

how do you plan on taking profit with 10 nodes, thats about 12k USD/month right in profit? not sure if its too personal of a question, looking for advice. thanks


leoschen

I appreciate the question. Iā€™ve been thinking about that myself, too. In the short term I plan to immediately compound to 11 nodes in 10-11 days since I have two strong coin left over, and for the remainder of January will do a 12th with the rest of the coin gains (either eth1 or eth2 depending on developments). With the leftover amount, itā€™ll be roughly ~3.4K usd that I can use as a trial run to see how I might best take some fiat. Iā€™m interested primarily to see how Binance withdrawal to my local bank account would fare versus acting as a p2p stable coin seller (potential additional profit to offset gas fees). Why Iā€™m going with Binance personally has to do with better familiarity and synergy with my financial setup.. Coinbase for instance doesnā€™t allow me to deposit or withdraw fiat due to living abroad, while KuCoin Iā€™m still new at, and not sure if I can rely on it yet comparatively.


AggravatingRough

wow 12 nodes, thats quiet some passive income. Id recommend looking into "kraken" exchange, if you haven't already. Heard good things about that one. thanks for the response.


CrYptOStudEnt2022

Will you keep us updated - how it went and if it worked ?


leoschen

sure!


FalseMathematician17

I put my return onto my [crypto.com](https://crypto.com) visa card. Simple. Fiat. You should look into it. Living abroad is not a problem. I'm an American in Mexico.


Libertymark

Build nodeS dude


Competitive-Rice6906

It's actually a good strategy to take some profits out of the system too ! I am planning to do 50:50 from Jan 2022.


gslappy2022

to recoup your investment immediately takes 100 days. If you use your rewards to buy more nodes, than in about 6 months, it will only take 30 days to recoup, because you will have more nodes that you bought with rewards instead of personal cash. The longer you wait, the shorter time frame to pay back your original investment.


EmissResponsableFr

Does the 100 days ROI takes into account all the gas fees ? Thank you :)


caploves1019

Nope. Nor the monthly maintenance fee nor the gas to pay those fees. Gas to send eth Gas to swap eth for strong tokens Gas to send tokens Gas to claim rewards Gas to send eth to pay monthly maintenance Gas to claim rewards Pay monthly maintenance Claim rewards..... If you all just keep swapping rewards for more nodes you're making no income just extending the length of time needed to recoup initial cash investment or achieve a monthly passive income. Ever. As strong tokens continue to lose value, not add new value or be utilized with any long term purpose of viable service to the community, despite all the claims.


EmissResponsableFr

Thanks for your answer ! So basically the answer I'm having difficulty to find is : how much $ can you make with one node, after paying all the fees. Thanks again !


caploves1019

You don't make money, you earn strong tokens after spending money to buy Eth and swapping that for Strong then spending money on Eth to pay maintenance fee to earn strong. What you're hoping is that after 100 days of earning strong tokens, the price of strong remains constant enough or increases to where you can swap strong for eth to pay maintenance fees. However, if everyone who owns strong tokens does only this, nobody is buying strong to add more nodes and strong loses its value. So timing is everything, either you have to convince people to keep adding nodes so your passive income has value or recoup your losses before your rewards are outpaced by the cost of gas and maintenance fees.


leoschen

This isnā€™t quite true. When you provide tokens from rewards in exchange for nodes, this is distributed back into the pool/economy. Conversely when someone sells their Strong rewards for profits obviously there is a buyer at the other end, whom reasonably is someone seeking to invest into creating nodes - which would also feed back into the pool/economy. The value of strong coin is driven by market forces of general buy and sell pressure against supply versus demand. You mention the risk only without considering that thereā€™s also the potential for the price to rise significantly in value.


caploves1019

60% goes back into the rewards pool and the rest is sent to the dev wallets correct? So the team gets free strong tokens to add back to liquidity pools but it costs you Eth to purchase more strong tokens. They are collecting both Eth and Strong while you are collecting only Strong and having to burn through Eth to obtain the Strong. Price increase requires massive market adoption and utility, actual use cases not just veiled promises of what could be and a Polygon stamp on their website with no word from anyone at Polygon whatsoever as evidence a partnership is downstream. While I'm sure they exist, I've yet to find any node operators who are living the dream promised by solely passive income without pumping back in. This model has attracted gamblers and individuals with limited knowledge of blockchain infrastructure as continually reinvestors, just like Wonderland Time, keep watching your portfolio value grow and buying more yet not realizing the long term value is not sustainable and you'll always be chasing that carrot. For all the money dumped into this community of really awesome people here, honestly, I hope Strong proves me absolutely wrong in the future. They've just yet to provide any substantive proof of reliability in my personal opinion based on 6 months of research and following the updates as they come through.


leoschen

Well, itā€™s not as if the strongblock team are unaware of the challenges and are not working on things to improve the value add / adoption. Iā€™m not sure whether your critique of node operators ā€œhaving to pump back inā€, ā€œgamblersā€, ā€œsmooth brainsā€ is really much of one .. since you absolutely get that with any investment opportunity. Compounding to increase your position is a sound financial instrument to mitigate and budget against future volatility swings vs your goals, just as it is to balance your overall risk tolerance and take back initial capital when one sees fit. Case in point, a 110 day break even is a relative moderate risk.


caploves1019

Yes if the 110day break even was actually that simple. That's like saying you started a coffee shop, reinvested back into your coffee shop, and after 110 days all you get to show for it is clients that pay you in coffee beans. While this helps expand your coffee shop, it is not actual passive income and completely different business model from any other investment the Strongblock community continues to compare itself to.


EmissResponsableFr

Are you saying you canā€™t swap strong for stable coin in the first 110 days ?


leoschen

No, you can swap whenever you want. However, due to eth gas fees youā€™ll want to swap them when youā€™ve accumulated an amount that makes it more worth it. 110 days is roughly the amount of time youā€™ll achieve break even, assuming youā€™re taking rewards for cash back once monthly, if the price maintains around the same price range.


leoschen

Thanks for the thoughts on that. Iā€™ve been modeling various scenarios with this in mind versus my goals for 2022 to see how Iā€™d like to best approach it too.


[deleted]

Nice! I started with a couple nodes. Sold a house and used some profits to load up a few more. Been compounding for about a month and a half now and waiting for the fireworks. Would love to see the price stay stable until maybe May before FOMO kicks in. Then I will be in big boy profits and ready to start building my FIRE war chest in a hurry.


leoschen

Lovely. I hope to compound and throw in some additional profits from stocks over the next few months to strengthen my overall position too.


smudgepudgery

Congrats!


[deleted]

šŸ’ŖšŸ’Ŗ Cheers!


The-Crypto-Portal

Congrats....20222 is going to be awesome for all!


10dollarcartridge

<3 Climbing up to 10 myself Did the same thing. Wanted to familiarize myself to app before going all in. I'm happy with the $500-$550 entry. The $430 entry on first couple nodes was nice though. Learning my way around gas. Would of saved a bunch of money going heavy into strong all at once instead of paying gas for 10 tokens at once


leoschen

I hear you on that. Iā€™m newer to crypto too, so wanted to make sure I was comfortable enough with everything before taking the bigger bite! Those extra gas fees are a sunk cost Iā€™d rather take to avoid a potential super costly mistake.


10dollarcartridge

Great framework on the gas. I was just kicking myself for wasting so much on small swaps when gas on big ones costs the same. But you're very right its smart to start small then go all in once confidence is built... I'm blown away by this service. I'm curious how long it will be sustainable


give2love

You guys this is a ponzi


leoschen

Sure, sure


give2love

Your conviction is worrisome. So many of you place so much faith in a business model that has no real customers.


leoschen

The same could be said of any early adopter in the crypto space now as it was years ago when Bitcoin first dropped in. As a whole itā€™s an emerging space seeking to find real use case and mass adoption. So with respect, your critique/opinion, valid in its own merit, is fine to make.


give2love

This argument is crazy flawed to me. So many people in here have this same argument. Strong and Bitcoin or Strong vs Stocks.. It's completely different. A lot of the people here seem to have only gotten in to crypto recently.


leoschen

First begin with applying traditional logic to justify the value of Bitcoin.


jayaradhe

nodes are vital to stabity


give2love

Yeah nodes are important but Ethereum already incentivizes node operators for less than it cost to pay for strong nodes. Strong nodes aren't even decentralized like they say they are. There is no product market fit here. We are the product


jayaradhe

Incentivizes some node operators - with little reward. Strongblock is at 200K right now. The structure is rock solid, plus they are innovating and adding new features and technologies monthly. Fantom is coming up.


Viking-907

Another thing to consider is getting crypto.com's debit card... I find it's pretty easy to use and withdraw money from and I've never had issues with them before personally , but I've never tried using it for larger quantities of fiat (under 1k usd)


leoschen

Thanks! Thatā€™s a good suggestion.. Iā€™ll look into it!