Just a funny coincidence that most of the crypto markets fell up to or around 10% today and my first thought was it’s on sale. I have noticed that Bitcoin is cheaper today than it was last in early October. If this is a buy the dip opportunity, or not, I cannot say but it certainly feels like a Black Friday sale disguised by fears of new contagious pathogens and potential government imposed lockdown fear.Continue reading Crypto Black Friday Sale 2021
Note that most of the following assumes you have existing crypto assets and/or CRO, plus some free cash to move around.
I have been using the platform for a few weeks and staked some of my existing crypto as well as converted some extra cash to TCAD earning way better interest rates than any bank with theoretically less risk than the stock market (there is risk of the platform going out of business).Continue reading How I’ve Been Using the Crypto.com App for High(er) Returns
Every dollar you spend is spent. If you decide to “invest” in something whether is be crypto, the stock market, or an alternative investment, you must consider that money invested as if you bought an experience (i.e. something that is a sunk cost like a vacation). There is always risk even in the safest investments that it could go to zero. A bank account earning 0.01% interest certainly has less risk than say cryptocurrency, but theres always going to be that chance of an extinction level event.Continue reading How to have diamond hands
I’ve been recently interested in DeFi and have long been interested in cryptocurrency vs. fiat money. One thing that I have always cautioned people about cryptocurrencies is their risk that they could go to zero, and as such, I’ve only ever mined or traded crypto that I held, never invested any of my fiat dollars (the exception to this rule is that I have recently exchanged some fiat for stablecoins as they are pegged to the fiat dollar in order to get higher returns than the bank or even stock market). I wouldn’t feel right, especially with crypto at an all time high, if I changed my tune and said to the people I care about that they should go and buy bitcoin, or invest in crypto (however I’ve used some of what I’ve cashed out, to buy the dip on certain bitcoin ETFs traded on the Toronto Stock Exchange in my Tax Free Savings Account).
With my foray into DeFi and yield farming, I’ve decided that since what would have been sitting in a cold wallet is now earning me additional crypto, I might as well share this “bonus” with those closest with me.
My decided introduction to the world of crypto:Continue reading Why I am giving my family and friends $500 worth of crypto
I don’t have proof (I should have posted something a year ago) but I definitely called that “inflation” would be much higher after government decisions such as CERB and forcing businesses to shut down. I mean inflation to include money printing which I know is being done in the United States. Without getting TOO anti-political, this is frighteningly close to a welfare state.Continue reading Dollar Rant