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For People Who Want to Make $20,000 A Month in the Crypto Market, But Have No Clue How to Make that Happen!
NFT's, Bitcoin, Crypto...
All this stuff can be super confusing, especially when you're diving in for the first time. And to be honest, I'm still reallyyyy new to all of this stuff myself, so I did what any responsible adult should do.
I researched The Crap Out of Crypto, NFT's (Non-Fungible Tokens), Bitcoin, Ethereum, etc...
While I'm not in any position to give you any sort of expert or financial advice, I can and will offer you my own insights as to how to begin your own journey into the deep and mysterious world that (IS) crypto!
Here we go...
If there's only one thing that is for certain, it's that there is no certainty when it comes to crypto.
It's as volatile as an open can of kerosene sitting next to a lit candle.
Thus, it the importance of doing your own research before you spend $1 of your hard-earned money.
Most Likely, YES!
Paypal is incorporating crypto into its platform, Elon Musk makes (1) tweets about crypto, and the masses go berserk, while even convenience stores have jumped onto the Crypto Money Train, by offering you the option to buy Bitcoin, while picking up your smokes and coffee.
Circle K Deploys Bitcoin ATMs in Stores Across US and Canada Over 700 Machines Already Installed
So yeah, crypto is a little more influential than you may have realized.
Thus, the assurance (not the guarantee) that crypto is not only here to stay, but here to play for a long time to come.
One day, yes. In fact, Sweden is already making moves that would position itself as the leader of a cashless society.
Less and less cash is being used in Sweden. Triggered by this development, the Swedish central bank - Riksbanken-is testing a digital currency, the E-krona in a pilot project.
There's a big difference between a ‘central bank digital currency’ (CBDC) like this and so-called cryptocurrencies or crypto-assets, which are associated with various security risks.
A CBDC such as the Eskrona is issued and backed by a state/central bank….
And we all know what happens when one country makes a big move, ie., others will soon follow suit.
The one I use and feel most comfortable getting my assests from is Coinbase.
For most folks, Google is going to be your best source for relevant, up to date information.
However, keep in mind, that when you do searches in Google, you're going to get the good, the bad and the ugly.
So, you must have your antenna up, to be able to differentiate the 'wheat from the chaff.
In addition to Google, you have Reddit:
Cryptocurrency Academy
This group has over 8,000 members and is a group managed by people from Silicon Valley. The admins and managers of this group are all seasoned cryptocurrency traders and understand the ins and out of blockchain technology. This group is perfect for both beginners and more accomplished traders. If you have any questions regarding bitcoin, the admins and other members will be happy to help. They also provide videos, articles and so much more in this group, to give you as much advice on cryptocurrency trading as possible.
Cryptocurrency Collectors Club
If you are looking for advice and tips from lots of different people, then this Facebook group is the one for you. This crypto group has almost 78.000 members, all of different skill levels, meaning that there will always be someone to answer your question. This group can be especially good for newcomers to the crypto trading world, as there are a lot of beginners on this page. It is also a very active group, meaning that you will always be learning something
Cryptoland
This is another large group, with over 30,000 members. This Facebook group is run by 'captain altcoin-a trading master. This group has been designed to help everyone, with incredible resources to help you through every step of the trading process. It also has a "coin research guide to help you understand the different types of cryptocurrency.
Twitter is there, as well, you just search for specific individuals to follow.
You should go buy some crypto, is what my neighbor told me a couple of months back, during a backyard conversation.
He made it sound so simple, clear, and concise, as if it was like pulling out a credit card to order socks from Walmart.
However, it's anything but simple, clear, and concise.
For starters...
Your more 'mainstream' cryptos are gonna be Bitcoin, Ethereum, Ethereum Lite, etc...
They're the most well-known, have been around a long time, and offer you a little more stability.
Your more 'speculative' cryptos are gonna be stuff like Tigerking Coins, Shiba Inu, Dogecoin, etc...
They're gonna offer you the potential for better rewards, while simultaneously, dangling higher risk.
And that's just the tip of the iceberg.
You must learn a whole new vocabulary, as the crypto freaks and zealots speak their own language.
For instance...
You know what "Gas Fees" are?
In layman's terms, a "Gas Fee" - is a fee paid to transfer from one crypto to another.
How about "Coin Burning"?
In layman's terms, "Coin Burning" - refers to how quickly coins or tokens can be removed from circulation.
And on and on and on, does the list of new words, terms and descriptions build.
PS: I just learned about this one, ie., Pancake Swap.
Nope, not talking about you and I swapping pancakes @ iHop. Pancake Swap is a website where you can go to swap one crypto for another...
For example: How to buy Tiger Cub tokens ($TCUB), which you can't buy directly. You have to exchange tokens 1st.
Link a crypto wallet to PancakeSwap.
Opt to exchange from BNB to TCUB.
Specify the desired amount, then confirm.
Like I said earlier, it can get complicated!
Before you go tell your family and friends about your newest ambition, be sure to check this out 1st:
Money > News Money
CRASHING OUT I was a cryptocurrency millionaire for about 5 minutes with $1.3million - then I lost everything as the coin crashed - Aliki Kraterou
12:55, 4 Dec 2021 Updated: 7:07, 7 Dec 2021
A TRADER has shared how he became a millionaire after investing in cryptocurrency - but only for five minutes as he lost everything when the coin crashed.
The anonymous Reddit user claimed he made $1.3million after investing in SQUID. the digital currency inspired by the Netflix series Squid Game.
This poor chap became a millionaire for all of 5 minutes, before losing his newly minted fortune, just seconds later.
And he goes to further reveal some gold nuggets of his own, when it comes to crypto investing:
"I'm now able to say I was a crypto millionaire at some point of my life," he said.
The trader concluded that he was "fully aware" of the scam and advised other investors to never "put money on scam coins, always do your esearch and be careful on what you invest."
Not being able to convert a cryptocurrency into a traditional currency is just one of the major risks of investing in crypto.
You may not be able to get your money back as sometimes crypto trading platforms and exchanges stop investors from withdrawing funds.
If the value drops to zero, either because it’s a scam or because investors lose confidence, you could be left holding worthless digital coins that you can't sell on.
Newer coins are even riskier than more established ones like Bitcoin and Ethereum - not least because there's a higher risk of being scammed.
In short, there are few, if any, shortcuts you can take when it comes to crypto.
It boils down to common sense.
A: NEVER invest more than you're willing to lose
B: Do your research, BEFORE, you spend any money
C: Like stocks, you got to be willing to play the long-term (HODL) game
On all the days, that I am wrapping up this article for you, I get 2 emails trying to sell me on using CRYPTO BOTS!
I have no problem with people leveraging bots (software automation) to make more money, ethically and automatically.
If you can sit @ home in your robe and undies and have an automated crypto bot buying and selling for you, making you money, then go for it.
But just like anything else out there, be sure to do your own due diligence 1st.
The best way to do that is to ASK QUESTIONS!
Email the folks who are promoting the offer, ask questions, get on the phone, etc...
And speaking of doing your due diligence, be sure to check out the offer that our marketing partner below, has for you.
It just might be an opportunity that you can get involved in, to make some extra money.
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