Category Archives: Cryptocurrency investing

Learn About Investing In Cryptocurrency

cryptocurrency investing

Photo by Christine Roy on Unsplash

Not long ago, I attended a huge cryptocurrency investing seminar. I noticed that the biggest percentage of attendees were men. I wondered why so few on the female side and I wrote a post about why women should also consider investing in cryptocurrency.

As I studied the situation closer, I realized that we women, on average, are usually more cautious than men when it comes to money. But in retrospect, I must tell you that without risk, there is little gain. Sure, we can take our savings and put them in a savings account to make crappy interest rates that may get us a cup of coffee.

I don’t know about you, but I would rather take a little more risk and make a lot more money.

I believe cryptocurrency may be the answer

So in talking with other females, I have discovered that many would like to invest in the cryptocurrency phenomenon, but they just do not know how to.

I have decided to give some information that can help you decide if cryptocurrency investing would be the right move for you.

What cryptocurrencies should you invest in?

You may be familiar with some of the main cryptocurrencies. There is:

  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Dash

But did you know, there are many, many others?

I am by no means a financial adviser, so I will not tell you which ones you should purchase. But you can go to Coin Market Cap and view all the cryptocurrencies in the world. You can see the current price, supply in circulation, 24 hour volume and percentages of rise or fall.

Now if you find one you are interested in, you will want to ask Google where you can buy it. I can lead you to a good place to purchase Bitcoin, Bitcoin Cash, Ethereum and Litecoin, but you will have to search where you can buy others.

If you are interested in any of the above, you can buy them here at Coinbase.

Storing your cryptocurrency

What you need is a digital wallet to store your cryptocurrency. You can have either a hot wallet or a cold wallet. A hot wallet means it is connected to the internet and cold means it isn’t. The types of wallets are:

  • Desktop – They are downloaded and are on your computer. They can be accessed even if internet is not available.
  • Mobile – Similar to the desktop, these are for mobile devices.
  • Online wallets – These are wallets you can only get in with an internet connection. They are from 3rd parties and located “in the cloud.”
  • Paper – These are simply printed on paper and stored wherever you like, preferably, a safe.
  • And Hardware – A small device similar to a USB.

This link tells some of the best wallets available. Some wallets are expensive while others are free.

My recommendation is the online wallet Coinpayments. You can store over 75 different currencies and manage them easily

What you can do with your cryptocurrency

You can buy, trade or just save. As time passes, more and more online and offline merchants are accepting cryptocurrency as a payment option.

And, if you have your own business, you can set up payment gateways where you accept cryptocurrency. As a matter of fact, the Coinpayments link I gave you above allows you to do that.

Keep records

I suggest that you keep records of your crypto purchases and you can watch if it is gaining or losing value.

But always keep in mind that there can be huge fluctuations in value. You do not want to get emotionally stressed or elated. I have watched Bitcoin go up more than $1,000 in one day. It has even dropped that much in 2 hours.

The best tip I can give you is to not invest more than you can lose.

I heard one speaker say, “The second biggest mistake you can make is investing so much into cryptocurrency that if it fails, you will have to file bankruptcy. But the biggest mistake is, not investing in cryptocurrency at all.”

Conclusion

I hope this helped you understand about investing in cryptocurrency.

Remember, I am still learning too, but I have money in on the digital blockchain because I believe it to be one of the best investments there is.

But, I have not put my eggs all in one basket. Cryptocurrency has had some crazy moments. Some experts say it will fail completely and others say it will go through the roof.

It is ultra important that you take time to learn and understand the risk. There are a huge supply of tokens available, but it can be super risky. Before investing, take a deep dive to understand the risk you are taking.

I would love to hear your thoughts.

If you have any questions or comments, feel free to post below.

Thanks and keep on moving.

Crypto Investing Is For Girls Too

crypto investing

Hey everyone… Tara here from Dallas, Texas.

bitcoin

The women’s restroom at the Blockchain Superconference

I just had to write this post while I am taking a break at the Bitcoin, Ethereum and Blockchain SuperConference.

And wow, this place smells like aftershave… Yep, there are no lines at the women’s restrooms, and I am slightly wondering why.

We need financial health too!

As I looked around at all these males, I began to wonder why there are barely any females here. I have heard stories of how some of these men found financial independence just because they have invested in the cryptocurrency craze.

Why aren’t more women getting in to this money making venture?

This I can’t answer, but I will give my opinion why more females should consider investing in cryptocurrency.

Men’s restroom at the Blockchain Superconference

Most of you know that I am adamant about helping people live healthy. And financial health is a huge part of this mix. You see, it is finances that cause stress and stress leads to many bad health problems.

So why not get yourself in strong financial health?

  • Maybe you are nervous about investing in something you know little about
  • Or you are listening to some crypto “haters” and are assuming it will drop

No matter your opinion or reasoning, I want to assure you that you CAN make money in crypto investing.

A friend

I have a friend who was residing in Puerto Rico before Hurricane Maria devastated the country. And he had told me had some money in Bitcoin and Ethereum and he was quite happy with the profits he had made.

My friend was able to travel back to the States, rent a home and when time was right, he flew back to his home in Puerto Rico and installed a solar system to manage without electricity.

And while he makes good money in his work, my friend told me that he was able to do all of that with the profits he has made off cryptocurrency.

What’s more, a group of cryptocurrency billionaires have moved to Puerto Rico and are buying up property… Yes, they are all men.

Why no women? C’mon girls, we need to keep pace with these guys.

You can check out about these billionaires wanting to make Puerto Rico a crypto utopia here. And let me quote something important in this article from the New York Times:

And these men — because they are almost exclusively men — have a plan for what to do with the wealth: They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like.”

My friend also told me the governor of Puerto Rico is even considering making the government run on a blockchain system.

It seems blockchain is the future.

Isn’t it time for the Crypto Ladies?

I wanted to share this with you girls because you deserve financial freedom too.

And you need to know that you can buy a little or a lot of cryptocurrency. It isn’t difficult once you learn.

One of the speakers at this conference is Ronnie Moas who founded Standpoint Research. In mid 2017, Bitcoin was trading at about $2,500 per coin (you can buy “pieces” of coins). Ronnie predicts that by 2027, Bitcoin will be valued at, or above $50,000 per coin.

As I write this, Bitcoin is over $10,000.

Girls, You Need To Get IN!

I plan on sharing more on this, but I do want you to realize that cryptocurrency IS going to keep rising and you would be foolish to stand on the sidelines while we win.

If you would like to get started with investing in cryptocurrency, you can do so at Coinbase. Just click here to get started.

There is more conference fun happening, so I am going to head back. But I will be sharing more soon and I know you may have questions… So ask them in the comment section and I will either answer with a post or in a direct response.

Let’s get financially healthy together.

And that is all for now from Crypto Mom… Stay tuned for more great info on this subject.