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I created an algo that tracks the most hyped stocks on Reddit. Here are the results for this week
What's up everyone. I created an algo that scans the most popular trading sub-reddits and logs the tickers mentioned in due-diligence or discussion-styled posts. Instead of scanning for how many times each ticker was mentioned in a comment, I logged how popular the post was among the sub-reddit. Essentially if it makes it to the 'hot' page then it will most likely be on this list. There are two parts to this post. The first is for posts that were submitted in the most active trading sub-reddits (such as this one), and the second part has the most mentioned tickers from the WSB sub-reddit. How can I use this list? The best way to use this data is to learn about new tickers that might be trending. As an example, I probably would have never known about the ARK etfs, or even Palantir, until they started trending on Reddit. This gives many people an opportunity to learn about these stocks and decide if they want to invest in them or not. The data on this list is limited to one post per ticker. I've taken the most 'popular' post for that ticker on whichever sub-reddit it may have been. What I've found is that normally if tickers begin to trend on one sub-reddit then generally-speaking there will be posts for the same ticker on various other sub-reddits. Here's the data from the last week.
I created an algo that tracks the most hyped stocks on Reddit. Here are the results for this week
What's up everyone. I created an algo that scans the most popular trading sub-reddits and logs the tickers mentioned in due-diligence or discussion-styled posts. Instead of scanning for how many times each ticker was mentioned in a comment, I logged how popular the post was among the sub-reddit. Essentially if it makes it to the 'hot' page then it will most likely be on this list. There are two parts to this post. The first is for posts that were submitted in the most active trading sub-reddits (such as this one), and the second part has the most mentioned tickers from the WSB sub-reddit. How can I use this list? The best way to use this data is to learn about new tickers that might be trending. As an example, I probably would have never known about the ARK etfs, or even Palantir, until they started trending on Reddit. This gives many people an opportunity to learn about these stocks and decide if they want to invest in them or not. I've displayed the most 'popular' tickers on whichever sub-reddit the post may have originated from. What I've found is that normally if tickers begin to trend on one sub-reddit then generally-speaking there will be posts for the same ticker on various other sub-reddits. Here's the data from the last week.
Estimated Total Comments Parsed Last 7 Day(s): 891,904 *Comment volume on GME was lower than usual because they had a separate thread specifically for GME
NOTE THIS ARTICLE IS SLIGHTLY DATED. I MADE A NEW UPDATED POST - VERSION 1.1 OF THIS SAME ARTICLE. THE INFORMATION IS BASICALLY THE SAME - JUST MORE CURRENT link here: https://www.reddit.com/dogecoin/comments/lfhomy/misconceptions_regarding_dogecoin_revised_version/?utm_source=share&utm_medium=ios_app&utm_name=iossmf Misconceptions regarding Dogecoin. This information below is important. I ask that you please take the time to read this entire post before making judgment or commenting. My discord group of over 100 people have grouped together the majority of the most asked questioned and misunderstandings regarding Dogecoin, into the following 22 key points. Please read them below. 1) What is Dogecoin? Dogecoin (/ˈdoʊdʒkɔɪn/ DOHJ-koyn, code: DOGE, symbol: Ð) is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the popular "Doge" meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community reaching a market capitalization of US $5,382,875,000 on January 28, 2021. [Wikipedia, 20210203] 2) Why Dogecoin? For the Lolz. Well, not quite. Initially as a purely meme-driven alternative to the likes of Bitcoin and Litecoin, Dogecoin in-fact boasts very low transaction fees and fast transaction times, very little network congestion, and most importantly, is designed to be used as a daily means of exchange, like your morning cup of coffee. Also, it is really fun, and who doesn't like the Dog ?! 1/2) What Is Dogecoin? And why Dogecoin? Back a few years ago, some crazy people banded together in support of a cryptocurrency known as Dogecoin. Similar to other cryptocurrencies, Dogecoin, the people's crypto, finds itself with the support of hundreds if not thousands of individuals pushing for this currency to succeed. But what is that?
Unless you have been absent from every social bubble, you may have heard of Bitcoin. For the purpose of this explanation, you will find that Bitcoin is not exactly an easy thing to equate to Dogecoin, but lets think about the criteria of a Cryptocurrency. Bitcoin did not find its foothold overnight. In fact, it took several years. A lot of people fought tooth and nail for their belief in the coin. Crypto, in a nutshell, is a decentralized form of currency that finds its value in a combination of individual asset involvement, ease or difficulty in security of an exchange, creating a method of reliable, secure, trustworthy exchange, and other reasons. Think of it like this: to exchange goods and services without currency, one must barter. I can barter a service (a haircut, for example) towards someone who needs a haircut, and in exchange they can barter a good or service to me. Currency then becomes an "IOU" (I Owe yoU) so that, if somebody needs me to cut their hair, they can give me an IOU for a good or service they control. When enough people begin adopting this, a centralized currency eventually takes hold. Crypto seeks to take this a step further and, insteal of relying on building up a centalization in terms of valuable metals or debt, it is built up solely on the exchange of goods and services. Dogecoin, compared to other cryptocurrencies, finds itself in a strange position where the origins did NOT see it soaring to the moon in any situation. Funny how things can change in time. Dogecoin has pros and cons to it. Comparing it to other cryptos, it does not face a supply cap like Bitcoin does. It is not a directly equated asset, such as how Bitcoin can be attributed as a digital gold asset. Mining dogecoin is also much simpler (comparitively) and does not face difficulty spikes, a source of Bitcoin slow-down. In essence, in 50 years, Dogecoin will still be around, still be mined, still be traded. Bitcoin will cease to be created, hoarded, and become the digital currency of the affluent.
Step 3) Places to buy dogecoin places where you can spend Dogecoin? Refer to dogecoin posts by the moderators 4) Cryptocurrencies vs stocks. The main differences between them. When comparing crypto to stocks, the main thing to keep in mind is that cryptocurrencies have few if any regulations applied to them. It is still the "wild west" of trading. You can be scammed, skimmed, pumped-dumped, as so forth, much more often and more easily than with stocks. Terminology is similar to exact between the two, but both require a certain mindset. Crypto is almost always a long-haul game, where stocks can be short play or long haul. 5) Dogecoin vs Bitcoin - their competitive advantages and disadvantages. Many cryptocurrencies have a higher degree of scarcity in comparison with FIAT (e.g. the US Dollar). For example Bitcoin / BTC has a strictly limited supply. And even though Dogecoin is not strictly limited, it is still a lot more scare in terms of supply than the US dollar. This simply means that if more people want to hold BTC or Doge versus the limited supply of the respective coin, the value of the cryptocurrency increases. 6) Is Dogecoin a meme or should it be taken seriously? We have all witnessed the power of a meme, the depths it can reach in society, especially in recent years. We have seen it many times before with video games, consoles, Oreos, or as of late even toilet paper... A meme has inherent value in the form of “widespread information”. A meme can spread an idea across diverse communities, and even entire countries literally overnight. This can bring about lasting effects on culture and society. If correctly taken advantage of, Doge can become the dominant meme currency of the internet, and amass real-world value just by being a popular, recognisable meme itself. This is where the saying “Dogecoin is the people’s coin” comes from. 7) Mining Dogecoin and the history of Dogecoin). How a new currency entered the market. mining is the process of creating new cryptocurrency by solving a computational puzzle. mining is necessary to maintain the ledger of transactions upon which cryptocurrency is based. Miners have become very sophisticated over the last several years using complex machinery to speed up mining operations. Approximately 600,000 dogecoins are produced per hour and 5,256,000,000 per year, 8) Circulation of currencies. The importance of buying, selling, and holding - and the differences between them. To briefly explain this, a lot of people have been saying “buy and hold” or “I’m never selling!” - which in itself is great start. But there remains a lot of misinformation around the topic, for example that simply "buying and holding Doge" will drive up the price indefinitely. Unfortunately, that is just not true. Buying, holding, and selling are all intricately connected with each other. ALL of those three states are essential for a (digital) currency to flourish. Holding does neither hurt or raise the value of the asset, but rather it helps to establish a baseline, which is also called "setting a floor". Those who have diligently kept on holding their coins, have allowed Dogecoin to stabilize at roughly 0.03 USD cents for the past few days. Remember, this remains a huge gain from where Dogecoin has been just weeks ago. The reason the price is not changing much from this baseline right now is because few are buying and few are selling their Dogecoin, specifically due to topics which will be covered in other sections here. However, an active circulation of a currency is critical to establishing it as an effective means of exchanging goods and setting it up for long term growth. The best way to increase the overall value of the currency in the long run is by eventually by exchanging your coins for goods, services, or just by tipping and trading with other Dogecoin holders. The value of any means of exchange is fundamentally driven by supply and demand. If two parties agree that X amount of asset A is roughly worth the same as Y amount of asset B, you effectively have established a market. 9) Establishing a floor or a baseline. Due to other current issues, such as "RH" and other platforms artificially delaying FIAT-to-Crypto exchanges, these trends may appear strange at first sight, but those who continue holding onto their Doge are affecting or rather creating the floor. The floor is essentially the lowest value Dogecoin will drop to at current market conditions. The floor is currently 0.03 USD cents. Which is up from 0.008 USD cents just a few months ago. 10) Inflation and deflation Infinite supply / no cap vs cap in regarding to cryptocurrency
Inflation and deflation are common economic terms used to explain the change in the inherent value of a currency. This means that that 1 US Dollar today does not have the same value or “worth” as it did, for example, in 1950. Inflation is a situation of rising prices in the economy. A more exact definition of inflation is a sustained increase in the general price level in an economy. Deflation on the other hand occurs when the inflation rate falls below 0%, that is a negative inflation rate. While inflation reduces the value of a currency over time, a sudden deflation of a currency increases its relative value. This would allow more goods and services to be bought than before with the same amount of currency. Deflation can be a factor in leading to a recession and also result in a deflationary spiral.
10a) What does all this mean with regards to cryptocurrency, specifically Bitcoin versus Dogecoin?
Well - Bitcoin is stagnant or deflationary over time, while Dogecoin is inflationary overtime. This is due to the way they are architected and mined, and how new coins are added into their respective markets - covered in other section. What gets misunderstood is which one is “better” or rather "the lesser evil". Since Dogecoin has an “infinite supply”, how can it maintain value?
10b) You may have read things like: "You're stupid if you buy Dogecoin. It has no value. It has unlimited supply. It's just a stupid meme." Let's look at the US dollar (or essentially any major FIAT currency of your choice). FIAT currency is created out of thin air. It is backed by large sums of debt, and in the normal course of the economy it is inflating endlessly. But FIAT currency does have value. It's a value assigned to it by governments and people, a commonly accepted means for exchange. Again, FIAT does not have a limited supply. In fact, the supply of the US dollar is a lot more inflationary than Doge would ever be. Please think about that for a moment and make up your own mind. 10c) Yes, Dogecoin has a supply growth of about 5 billion coins (that's about 4-5% right now) per year, but why is that a problem, practically speaking? The growth is there to keep transaction fees to a minimum and allow a small, but healthy inflationary tendency, rather than the opposite. 10d) Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter.
If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD, when it hits a new record high every few months or years, its supply will have to grow inevitably. We have to see the bigger picture! Dogecoin may well climb to one US dollar, but why stop and sell there? Instead, we could build a new, fair, balanced monetary ecosystem based on Dogecoin, not to make a quick profit, but to change the whole world. Our current money is backed by signatures on debt contracts, not on real values. But it works, because we believe in it, even if it will be our downfall if it continues like this. Dogecoin is different. Dogecoin has a set amount of coins entering the market by the minute. There are plenty of spreadsheets out there showcasing exactly how much many Dogecoin will be in circulation at any given moment of time. People get confused because they think inflation is a bad thing, when in fact it is actually beneficial in small quantities and beneficial to the longevity of a currency. Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter. If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD when it hits a new record high every few months or years, it's supply will have to grow inevitably.
11) Financial aspects of Dogecoin. Who will profit from it? What will happen if Dogecoin has exponential growth? A zero-sum game. Explaining that you only realize a loss or profit at then time of sell.
To clear things up - cryptocurrency is essentially what economist call a Zero Sum Game. A zero-sum game is a mathematical representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants. What this means is that across a group of people who engage in selling and buying Dogecoin, if one person gains another person loses. For example if you bought at 0.08 and sold at 0.03 someone made a profit of 0.05 cents per Dogecoin while you lost 0.05 cents per Dogecoin. The important thing to understand is that in these situations the only way you truly lose or gain anything is when you sell. You don’t realize your gains or losses until you complete that transaction. What this means is that if Dogecoin does increase exponentially the people who have been holding since the price has been low will gain astronomical returns on their investment, while others who joined late will not.
12) Stability vs Volatility This describes basically how stable something is over a set period of time. Volatility is how much prices change over time. Stabilization of Dogecoin is important for the overall health, however, cryptocurrencies are known to and will likely remain very volatile for the foreseeable future. 13) Pump and dump vs long term growth. "Pump and dump" is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Pump and dumps are consider illegal. While a subset of people are trying to pump and dump Dogecoin the legitimate community is focused its long term growth and stability which is achieved through the rest of the topics addressed here 14) Difference between cold storage, internet wallets and Robinhood Coldstorage - in the cryptocurrency world cold storage refers to physical objects/devices that contain your cryptocurrency. Wallets are an electronic program of service that stores your cryptocurrency Robhinhood- as of right now robinhood does not actually give you cryptocurrency when purchased through them. From Robhinhood’s cryptocurrency page: “We don’t currently provide you with access to your wallet or your wallet address. You own the cryptocurrency assets in your account, and you can buy or sell them at any time. We’re evaluating features to allow you to safely transfer coins to and from Robinhood, and we’ll update you when these features are available.” Robhinhood will be addressed in another section. 15) Elon Musk - Is he important for Dogecoin? The impact of celebrities and big business supporting Dogecoin Big business allowing Dogecoin to be supported as means of exchanging goods, and people like Elon musk supporting and backing this cryptocurrency are important to proving its value and legitimacy. 16) Is getting Dogecoin to increase to the equivalent of one US dollar possible? Can and will it really happen? What will change if it does happen? Yes, despite not having a fixed or capped supply, the value of the currency can rise based on its relative value against other currencies in the market. You can find examples of this in the FOREX market where currency pairs are traded, like Euro against US dollar, or US Dollar against Japanese Yen. As the value of Dogecoin rises, more and more businesses will recognise its potential and importance, and subsequently begin to accept it in exchange for goods and services. This will also help to grow the developer community around Dogecoin. In summary, Dogecoin has a way to go and can be improved from its current state, but the potential for greatness is there already today. NEEDS MORE INFORMATION T 18) Is Dogecoin a product of the Wallstreet Bets movement? What differentiates dogecoin from GME/AMC? Just like some other investment opportunities (Nokia, Blackberry), DOGE was brought into the spotlight amidst the whole GME situation during the previous week. Unlike those stock, however, Doge is not another short squeeze, it is not a stock. It is a cryptocurrency / asset that many people think has potential, despite its Meme origins. Many who feel that they were late for embarking on the GME hype or the Bitcoin train in 2013 respectively, are now looking towards Doge, one of the early alternatives to the original cryptocurrency, Bitcoin. Doge got a lot of interest recently, for example with the Elon Musk tweeting the same week. 19) The situation with Robinhood - Changes in terms and conditions. Disclaimer, it is important to read through Robhinhoods entire terms and conditions to fully under what happened. The information below is just a summary and is not Robhinhoods terms and conditions but an explanation of what happened and why it happened Robhinhood has received high profile backlash in the media recently for their involvement with GME/Wallstreetbets. A lot of the cryptocurrency and Dogecoin community were outraged when they found out that about one week ago Robhinhood stopped allowed instant transfers for their cryptocurrency. Unfortunately, while we may not agree with what happened there they do have a reason for this. Over the past week the sheer amount of people trying to buy cryptocurrency skyrocketed at one instant. When robinhood allowed for instant transfers what they were really doing is essentially “loaning” you money to make trades or purchase cryptocurrency before the funds actually hit Robhinhoods business account. This caused a huge liquidity issue and Robhinhood could not meet the demand. That is why you had to wait 5 business days for your funds to be approved. This is standard practice across multiple brokerage firms before Robhinhood pioneered the instant transfer option. Whether we like it or not, Robhinhood is a power house in their industry and not going away. Robhinhood is one of the most mainstream ways to purchase and sell cryptocurrency and if everyone pulled their money out of Robhinhood the entire cryptocurrency market would collapse which I believe we can all agree no one wants to happen. 20) Feb 4th - Feb 8th Well unfortunately we wanted to get this post out before Robhinhood’s clearance of funds. Went through, but now that they did, you can see what happened. The price immediately skyrocketed. This happened due to the topics we covered above. Now what’s going to happen is the people who are pumping and dumping know that this is coming and will be immediately prepared to sell. This will cause huge volatility with dramatic swings up and down. Nobody knows exactly what’s going to happen this week, but we do know it’s going to be crazy. That is where the diamonds holders come into play. We need to set a new floor after this swing to show the rest of the world that dogecoin is legitimate and can weather extreme volatility. Thank you for reading this post in its entirety. It took a large amount of collective effort of people in my discord. I appreciate them to no end. We have over 100 people in that discord and we are here to stay. We are interested in explaining Dogecoin, reducing the scare factor and backing up Dogecoin through economic, social, financial, mathematical theory, etc. Per Dogecoin rules I cannot give out this discord, but if you are interested message me. It goes into greater detail on every one of these topics, with resources, links, articles etc. thank you and above all else remember that at the end of the day this is a meme cryptocurrency from 2013. But the people have spoken, and this is now official the people’s currency as well. Dogecoin🚀🪐🚀
PSA to Newbies coming into Ethereum and Bitcoin: Don’t buy from any exchange that doesn’t allow you to actually withdraw your coin
The Problem
I’m seeing a big influx of new users asking questions about where to buy their first bitcoin or ethereum and how to store it. I didn’t realize this before, but mega corps such as PayPal, Robinhood, and Wealthsimple do not allow their users to actually withdraw their crypto to their own wallet. You only have the option to buy and sell the coin on their platform. This is terrible for the community and not at all what cryptocurrency is all about. These companies are basically creating gated communities where they are profiting from pure speculation, and is detrimental because if you buy on these platforms you will never have the ability to actually hold your own coins. Ethereum is also a utility coin, for you to actually interact with the Ethereum network you need Ether. If you are never able to withdraw the coin, how will you ever interact with the network? You’ll never be able to try out these new Defi projects, stake your own coins, or try out any of the cool new Dapps that will for sure come out in the future. You will end up in the same place which spurred satoshi to invent BTC in order to avoid, which is having an entity or a government that can take away everything you own at any moment. They are also creating a system where they are taking your money to buy more BTC/ETH but they never have to sell their holdings.
Why is giving your money to these companies a bad idea?
If you are giving your money to these type of companies, then you are fundamentally misunderstanding the value proposition of BTC/ETH and are making an uninformed and bad investment decision. You are investing in the downfall of the community. You may make money in the short term, but the long term prospects of you surviving in this space is low, and decrease the potential for the market as a whole. The reason why Bitcoin was invented in the first place is so that people can transfer value over the internet without corrupt government or malicious companies being able to take that away from you. By giving money to these companies you are basically signaling to the market that you don’t understand the value of BTC or ETH at all, and you’re just here to try to make a quick buck. This in turn gives the mega corps more money to market to other newbies that are trying to make a quick buck and the cycle continues. These mega corps will end up dominating the market, and perhaps get to the point where they have unnatural influence on the direction of the chain. We may just end up exactly where we started and then what’s the point of even being on these block chains? If capitalism is your religion, money is our prayer, BTC is your denomination, then you are worshipping the devil by giving your money to these type of coroporations
Can these type of exchanges be good for some people?
I do see the value of these type of platforms for a very specific type of person: someone that only wants to speculate on BTC/ETH and don’t actually want to use, try, or participate at all in the community. By using a platform that doesn’t allow you to withdraw means that in the event you get hacked you will never lose money that the mega corp is unwilling to reimburse. But that just means that you make no attempt to take responsibility for your personal digital security, and will never truly own something online that other people don’t have control over. And that’s fine. Someone’s grandma that wants exposure to BTC without any of the risk might choose this route. But if that’s the case, then I would suggest you just invest in something else instead, because if you don’t see the importance of owning something yourself online then your not investing into BTC/ETH for the right reasons. I strongly implore you to understand what it means to hold your own coin and keys. There is definitely risk - it’s ALL the risk. But that’s the point, understanding digital identity and digital value to the point where it is absolutely EVERYTHING. There is a saying in the crypto community - not your key, not your coin and that’s exactly what these type of platforms are boxing you into. Crypto forces you to live in the new reality where understanding the underlying technology is everything. For those newbies out there looking the next moonshot - if you don’t fundamentally understand what you’re getting yourself into, how do you expect you’re going to find the next 10x 30x thing? Money is not just going to drop out of the sky
Companies that don’t allow for withdraws:
please let me know which companies don’t allow for withdraws and I’ll continue adding to this list so that newbies can have a quick look at which companies they should definitely not give their business to
PayPal
RobinHood
Wealthsimple
Etoro
So if you are new, where do you buy your BTC/ETH?
This question is going to be heavily dependent on what part of the world you are from. If you are about to post this type of question, please include which country you are from and what currency you want to buy in.
What wallet do I withdraw to?
The community consensus for long term holding is hardware wallets. The most popular ones are Ledger and Trezor which are both multi-coin wallets. ONLY ever buy directly from these websites, and never from resellers as they could potentially have been tampered with. If spending extra money is out of the question for you, then consider looking into generating a wallet with virtual machine that is not connected to the internet. I’m not as familiar with this method of wallet generation so I’ll let more informed people chime in on this. Alternatively, the least secure way out of the bunch would be to use an extension wallet like Metamask or MyEtherWallet. Ledger have previous had a data breach where their customers information was leaked to the web. The hardware wallets themselves are still secure, but Google the circumstances of this to make your own informed decision on whether or not you want to continue using this wallet.
I have questions, and I need help!
We understand that crypto is hard, and there are a barrage of information, traps, and scams out there on the internet, but it’s very difficult to help you when you don’t provide adequate information. You are much more likely to get support from the community if you are more specific with your question and provide as much details as possible (never under any circumstance post your private key or 12/24 mnemonic key online while asking for help.)
To those of you who got in on ARB at 55p, over a month ago, you would be up 53% from today's closing bell (117p). To those who bought near the peak at 135p, you may be relieved to know I am still holding. Q1 and Q2 of 2021 should be their best performing months (based on recent RNS updates), so there is still plenty of growth to be had. With the incoming catalysts, I have a conservative estimate of 200p and 600p by Dec 2021. I did a quick search on Reddit and Youtube and was impressed to see that there is little to no mention of this NEXT stock that I am about to present. Meaning that for those of you who do decide to invest, you are getting in super early!! I wouldn't be surprised if these fraudsters on Youtube start mentioning it as part of their "DD" in the coming months. I'm still holding 8 stocks, but have recently swapped out some old stocks and now have some new ones, one of which is: KR1 PLC Who are they? KR1 is like VC on speed. Founded 2016 as KRYPTONITE1, they are a pioneer in the EU digital asset investment space, supporting early-stage blockchain and DeFi projects. Listed as the following: KR1:AQSE. This exchange is actually a huge advantage - in terms of price and being undervalued - more on this later. KR1 (unlike arb) is not a miner, they are focused on investing in smart-contract/token economies, especially those relying on a ‘Proof-of-Stake' network that, unlike 'Proof-of-Work' networks, such as Bitcoin, do not require enormous computing power & energy consumption to guarantee the security & censorship-resistance of the network’ (per recent Kusama RNS). Proof of stake now looks set to be a dominant blockchain technology – esp. with Ethereum 2.0 ready to go live. Also, if you’ve read about/had a friend lecture you about Bitcoin energy consumption eating the world, then KR1’s a genuine green/ESG crypto investment for you (& your friend) to consider. KR1 PLC Chart The operational progress of the KR1 team has been nothing short of extraordinary, for a view of their investments to date, see: KR1 Holdings Market Cap: $117 million (vs a $130 million portfolio) - that generates $10.25 million pa in staking profits. Main Portfolio Value comprises: (DOT: £58.77mm, LDO: £30.05mm, ATOM: £12.41mm, WNXM: £4.24mm, KSM: £3.75mm, DFN: £3.28mm, ETH: £2.49mm, RPL: £1.03mm) For anyone who wants to see the level 2 data, this can be found here. My main investment thesis is that existing trends with cryptocurrency and blockchain will accelerate at exponential levels in 2021. Some quick highlights from this year are: 1) Elon Musk adding 1.5 Billion BTC to Tesla's Balance Sheet. This is > 10% of their cash position. Wow!! We’ve even seen listed companies like MicroStrategy & Square (Jack Dorsey) buy Bitcoin as a corporate treasury asset in the past. Like it or not, other CEOs will follow suit in diversifying their assets. While writing this I've also read that Apple are considering to follow TESLA in buying Bitcoin. This is a positive trend, and trends are super important in investing. 2) Long term macro still incredibly positive for bitcoin imo, evident by the fact that grayscale has been buying more BTC than is created. We know a wall of money is coming from family offices, hedge funds, pension funds, corporate treasuries etc; and 3) The whole fiasco with RobinHood and Citadel. Whether or not you believe there was some conspiracy between them (for which I do not), the key takeaway is this: People are losing faith in central exchanges and centralised finance in general. Decentralised Finance (Defi) is moving forwards at an exponential rate and I think it would be silly not to have some exposure to this. I also want to add that crypto is a great hedge from inflation or stagflation if you have a huge expansion in money supply, but households arent spending and only save, added with stricter fiscal policies such as taxes, welfare etc. Summary of 2020 from KR1. Expanding on some of their holdings listed above: The diversity & number of investments in KR1’s portfolio is quite unique – globally, maybe a handful of crypto VC/hedge funds come close, while listed crypto & blockchain portfolios aren’t remotely as diversified. Polkadot (DOT) is a digital infrastructure project. Created by the co-founder of Ethereum. Great interview by Gavin Wood here where he explains Ethereum's fees and how Polkadot makes this much quicker and cheaper. $DOT outperformed $BTC today which is a very bullish signal. I see DOT going to $30. Just look at their Cosmos ($ATOM) holding from the weekend gone, KR1 is holding more than $16.5million!!! KR1 has also invested a total of US$150,000 in return for 15mln tokens in the Lido project. Last time I checked KR1's 15mln Lido was worth $40million. Reference has been made to holdings in BTC and ETH, thus, this has yet to be priced in. From day one, KR1 eschewed Bitcoin & focused on seed/early-stage investment in token economies/blockchain projects. Because Bitcoin’s ultimately a bet on price while investing in blockchain is a bet on innovation! Innovation will win 10x over and that's why I am invested in KR1 vs BTC directly. Valuation: KR1 is at NAV discount because it is a small illiquid stock on a difficult to buy exchange. This will soon change however with a higher market cap, a move to better exchanges, and public acceptance and understanding of what Defi is. With 131million shares that equates to 90p per share. Including the 60p for the staking valuation at PEx10 that equates to £1.50 per share, or £2.10 per share using PEx20. In short, I think KR1 is a great undervalued stock as their SP does not reflect the true value yet. KR1 is not a BTC/ETH play, it's a diversified portfolio of 4 dozen crypto projects. The main reason KR1's SP does not track the true NAV is that the BOD still does not provide a detailed portfolio breakdown (by units & value), or a regular NAV update – except via its results, months later! Aquis Stock Exchange Listing: KR1 is listed on the Aquis Stock Exchange (formerly, NEX), hence why more investors haven’t discovered & bought the stock. So how do I buy KR1 you ask? I personally use Hargreaves Lansdown and buy it over the phone using this number: 0117 980 9800 List of brokers where you can buy online: Barclays, Davy, DKB, Eqi, ING Diba, S Broker, Share Centre, Swissquote, x-o. List of brokers where you can buy over the phone: HL (I use these), Barclays, C Stanley, Canaccord, Davy, DKB, Eqi, Goodbody, IG, Interactive Investor, ING Diba, Pareto, S Broker, Share Centre, Swissquote, x-o. Note: If I have missed any off this list, please let me know in the comments and I can update. AJ Bell and T212 are currently reviewing telephone options. And yes, this should work for non-UK clients & brokers – KR1 settles via CREST, just like any LSE share. If you’re a UK investor, make sure you buy via a tax-free ISA. Ultimately, an up-listing is the solution…i.e. an AIM:LSE listing, and/or even a US OTC listing, could deliver a drastic valuation re-rating. Price Target: 150p/share (PEx10) OR 210p/share (PEx20) My largest holdings are ARB and KR1. Full disclosure, I own 10,000 shares of KR1 @ 41p. Just to finish, I am not advising anyone to buy this stock. I am not a financial advisor. You have to do your own research. Just wanted to share (in my opinion) a really good stock that I am long-on.
MISCONCEPTIONS REGARDING DOGECOIN (REVISED, VERSION 1.1)
This is a revised version of my previous article. I am going to try to update frequently as it appears people have more and more questions and misconceptions or misinformation is being spread quickly. This post is to educate not only the Dogecoin community but anyone who is interested in cryptocurrency/currency is general. This information below is important. I ask that you please take the time to read this entire post before making judgment or commenting. My discord group of over 100 people have grouped together the majority of the most asked questioned and misunderstandings regarding Dogecoin, into the following 20 key points. Even if you know the answers to some of these please read the entire post. (Especially if you’re from the cryptocurrency community) Please read them below.
Question: What is Dogecoin?
Answer: Dogecoin (/ˈdoʊdʒkɔɪn/ DOHJ-koyn, code: DOGE, symbol: Ð) is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the popular "Doge" meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community reaching a market capitalization of US $5,382,875,000 on January 28, 2021. [Wikipedia, 20210203]
Question: Why Dogecoin?
Answer: For the Lolz. Well, not quite. Initially as a purely meme-driven alternative to the likes of Bitcoin and Litecoin, Dogecoin in-fact boasts very low transaction fees and fast transaction times, very little network congestion, and most importantly, is designed to be used as a daily means of exchange, like your morning cup of coffee. Also, it is really fun, and who doesn't like the Dog ?! 1/2 - second perspective) Question: What Is Dogecoin? And why Dogecoin? Answer: Back a few years ago, some crazy people banded together in support of a cryptocurrency known as Dogecoin. Similar to other cryptocurrencies, Dogecoin, the people's crypto, finds itself with the support of hundreds if not thousands of individuals pushing for this currency to succeed. But what is that? Unless you have been absent from every social bubble, you may have heard of Bitcoin. For the purpose of this explanation, you will find that Bitcoin is not exactly an easy thing to equate to Dogecoin, but lets think about the criteria of a Cryptocurrency.Bitcoin did not find its foothold overnight. In fact, it took several years. A lot of people fought tooth and nail for their belief in the coin. Crypto, in a nutshell, is a decentralized form of currency that finds its value in a combination of individual asset involvement, ease or difficulty in security of an exchange, creating a method of reliable, secure, trustworthy exchange, and other reasons. Think of it like this: to exchange goods and services without currency, one must barter. I can barter a service (a haircut, for example) towards someone who needs a haircut, and in exchange they can barter a good or service to me.Currency then becomes an "IOU" (I Owe yoU) so that, if somebody needs me to cut their hair, they can give me an IOU for a good or service they control. When enough people begin adopting this, a centralized currency eventually takes hold. Crypto seeks to take this a step further and, insteal of relying on building up a centalization in terms of valuable metals or debt, it is built up solely on the exchange of goods and services. Dogecoin, compared to other cryptocurrencies, finds itself in a strange position where the origins did NOT see it soaring to the moon in any situation. Funny how things can change in time. Dogecoin has pros and cons to it. Comparing it to other cryptos, it does not face a supply cap like Bitcoin does. It is not a directly equated asset, such as how Bitcoin can be attributed as a digital gold asset. Mining dogecoin is also much simpler (comparitively) and does not face difficulty spikes, a source of Bitcoin slow-down. In essence, in 50 years, Dogecoin will still be around, still be mined, still be traded. Bitcoin will cease to be created, hoarded, and become the digital currency of the affluent.
Question: Places to buy dogecoin places where you can spend Dogecoin?
Answer: Refer to dogecoin posts by the moderators or a simple Google search for a list of businesses that accept doge as payment.
Question: Cryptocurrencies vs stocks. The main differences between them.
Answer: A stock is a type of investment that represents an ownership share in a company. Investors buy stocks that they think will go up in value over time. ... A stock is an investment. When you purchase a company's stock, you're purchasing a small piece of that company, called a share. A cryptocurrency: When comparing crypto to stocks, the main thing to keep in mind is that cryptocurrencies have few if any regulations applied to them. It is still the "wild west" of trading. You can be scammed, skimmed, pumped-dumped, as so forth, much more often and more easily than with stocks. Terminology is similar to exact between the two, but both require a certain mindset. Crypto is almost always a long-haul game, where stocks can be short play or long haul.
Question: Dogecoin vs Bitcoin - their competitive advantages and disadvantages. Many cryptocurrencies have a higher degree of scarcity in comparison with FIAT (e.g. the US Dollar). For example Bitcoin / BTC has a strictly limited supply. And even though Dogecoin is not strictly limited, it is still a lot more scare in terms of supply than the US dollar. This simply means that if more people want to hold BTC or Doge versus the limited supply of the respective coin, the value of the cryptocurrency increases.
Question: Is Dogecoin a meme or should it be taken seriously?
Answer: We have all witnessed the power of a meme, the depths it can reach in society, especially in recent years. We have seen it many times before with video games, consoles, Oreos, or as of late even toilet paper... A meme has inherent value in the form of “widespread information”. A meme can spread an idea across diverse communities, and even entire countries literally overnight. This can bring about lasting effects on culture and society. If correctly taken advantage of, Doge can become the dominant meme currency of the internet, and amass real-world value just by being a popular, recognisable meme itself. This is where the saying “Dogecoin is the people’s coin” comes from.
Question m: Mining Dogecoin and the history of Dogecoin). How a new currency entered the market.
Answer: mining is the process of creating new cryptocurrency by solving a computational puzzle. mining is necessary to maintain the ledger of transactions upon which cryptocurrency is based. Miners have become very sophisticated over the last several years using complex machinery to speed up mining operations. Approximately 600,000 dogecoins are produced per hour and 5,256,000,000 per year,
Question: Circulation of currencies. The importance of buying, selling, and holding - and the differences between them.
Answer: To briefly explain this, a lot of people have been saying “buy and hold” or “I’m never selling!” - which in itself is great start. But there remains a lot of misinformation around the topic, for example that simply "buying and holding Doge" will drive up the price indefinitely. Unfortunately, that is just not true. Buying, holding, and selling are all intricately connected with each other. ALL of those three states are essential for a (digital) currency to flourish. Holding does neither hurt or raise the value of the asset, but rather it helps to establish a baseline, which is also called "setting a floor". Those who have diligently kept on holding their coins, have allowed Dogecoin to stabilize at roughly 0.03 USD cents for the past few days. Remember, this remains a huge gain from where Dogecoin has been just weeks ago. The reason the price is not changing much from this baseline right now is because few are buying and few are selling their Dogecoin, specifically due to topics which will be covered in other sections here. However, an active circulation of a currency is critical to establishing it as an effective means of exchanging goods and setting it up for long term growth. The best way to increase the overall value of the currency in the long run is by eventually by exchanging your coins for goods, services, or just by tipping and trading with other Dogecoin holders. The value of any means of exchange is fundamentally driven by supply and demand. If two parties agree that X amount of asset A is roughly worth the same as Y amount of asset B, you effectively have established a market.
Question: Establishing a floor or a baseline.
Answer: Due to other current issues, such as "RH" and other platforms artificially delaying FIAT-to-Crypto exchanges, these trends may appear strange at first sight, but those who continue holding onto their Doge are affecting or rather creating the floor. The floor is essentially the lowest value Dogecoin will drop to at current market conditions. The floor is currently around .06 USD cents. Which is up from 0.008 USD cents just a few months ago.
Question: Inflation and deflation Infinite supply / no cap vs cap in regarding to cryptocurrency
Answer: Inflation and deflation are common economic terms used to explain the change in the inherent value of a currency. This means that that 1 US Dollar today does not have the same value or “worth” as it did, for example, in 1950. Inflation is a situation of rising prices in the economy. A more exact definition of inflation is a sustained increase in the general price level in an economy. Deflation on the other hand occurs when the inflation rate falls below 0%, that is a negative inflation rate. While inflation reduces the value of a currency over time, a sudden deflation of a currency increases its relative value. This would allow more goods and services to be bought than before with the same amount of currency. Deflation can be a factor in leading to a recession and also result in a deflationary spiral. 10a) What does all this mean with regards to cryptocurrency, specifically Bitcoin versus Dogecoin?
Well - Bitcoin is stagnant or deflationary over time, while Dogecoin is inflationary overtime. This is due to the way they are architected and mined, and how new coins are added into their respective markets - covered in other section. What gets misunderstood is which one is “better” or rather "the lesser evil". Since Dogecoin has an “infinite supply”, how can it maintain value?
10b) You may have read things like: "You're stupid if you buy Dogecoin. It has no value. It has unlimited supply. It's just a stupid meme." Let's look at the US dollar (or essentially any major FIAT currency of your choice). FIAT currency is created out of thin air. It is backed by large sums of debt, and in the normal course of the economy it is inflating endlessly. But FIAT currency does have value. It's a value assigned to it by governments and people, a commonly accepted means for exchange. Again, FIAT does not have a limited supply. In fact, the supply of the US dollar is a lot more inflationary than Doge would ever be. Please think about that for a moment and make up your own mind. 10c) Yes, Dogecoin has a supply growth of about 5 billion coins (that's about 4-5% right now) per year, but why is that a problem, practically speaking? The growth is there to keep transaction fees to a minimum and allow a small, but healthy inflationary tendency, rather than the opposite. 10d) Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter.
If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD, when it hits a new record high every few months or years, its supply will have to grow inevitably. We have to see the bigger picture! Dogecoin may well climb to one US dollar, but why stop and sell there? Instead, we could build a new, fair, balanced monetary ecosystem based on Dogecoin, not to make a quick profit, but to change the whole world. Our current money is backed by signatures on debt contracts, not on real values. But it works, because we believe in it, even if it will be our downfall if it continues like this. Dogecoin is different. Dogecoin has a set amount of coins entering the market by the minute. There are plenty of spreadsheets out there showcasing exactly how much many Dogecoin will be in circulation at any given moment of time. People get confused because they think inflation is a bad thing, when in fact it is actually beneficial in small quantities and beneficial to the longevity of a currency. Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter. If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD when it hits a new record high every few months or years, it's supply will have to grow inevitably.
Question: Financial aspects of Dogecoin. Who will profit from it? What will happen if Dogecoin has exponential growth? A zero- sum game. Explaining that you only realize a loss or profit at then time of sell.
Answer: To clear things up - cryptocurrency is essentially what economist call a Zero Sum Game. A zero-sum game is a mathematical representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants. What this means is that across a group of people who engage in selling and buying Dogecoin, if one person gains another person loses. For example if you bought at 0.08 and sold at 0.03 someone made a profit of 0.05 cents per Dogecoin while you lost 0.05 cents per Dogecoin. The important thing to understand is that in these situations the only way you truly lose or gain anything is when you sell. You don’t realize your gains or losses until you complete that transaction. What this means is that if Dogecoin does increase exponentially the people who have been holding since the price has been low will gain astronomical returns on their investment, while others who joined late will not.
Question: Stability vs Volatility
Answer: This describes basically how stable something is over a set period of time. Volatility is how much prices change over time. Stabilization of Dogecoin is important for the overall health, however, cryptocurrencies are known to and will likely remain very volatile for the foreseeable future. 13a) Pump and dump vs long term growth. "Pump and dump" is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Pump and dumps are consider illegal. While a subset of people are trying to pump and dump Dogecoin the legitimate community is focused its long term growth and stability which is achieved through the rest of the topics addressed here 13b - second perspective) Essentially many people are just coming onto DOGE because it has low barrier to entry, and enticed by the idea of coming in low, selling what they have and running with the profits short term. This has lead to pumps and dips, and a lot of misinformation being thrown around. I should clarify some points for those who are coming in, instead of repeating the HODL and diamond hands rhetoric. Planned pumps are not what Doge needs. Pumps of this nature usually have an attached implication, which is that people will plan on selling, capitalising on the hype and then buying low to wait for the next pump. This leads to money being taken out of the coin, resulting in the lower price we now see. This means that planned pumps are essentially feeding sellers. We are not doing this in secret. This is a public forum and people with the intention have the information needed to drain us dry if we let them. Essentially, if we want Doge to grow, planned pumps need to stop being openly advertised, or they need to die altogether. Of the two, the latter is the easiest, and it is what this post will be focusing on. Sustainable Growth is now the way. Pumps are fine when they're unpredicted - Elon Musk is living proof of that. However, planned pumps will result in our good boy coin shooting down to the dips, where sellers can reinvest and wait to harvest our money again at the next pump. If however, we grow the price slowly, the floor will increase in a much more stable fashion, resulting in smaller dips. This will mean that the insane dips where sellers truly farm their coin at become very inhospitable to them, as they'd need to put more and more money to receive less and less profit. Essentially, by slowly growing the coin with organic 'food' instead of steroids, we can slowly choke out those parasites who are ruining the growth of the coin by making every dip a horrible investment for their time and efforts. Sure, buy at the dips. Sure, hold the coin. But don't plan any more pumps. The less room you give to the sellers, the doubters and the paper hands, the more coin you can collect and the more profit that awaits you in the future. Conclusion If we come together as a community, Doge will truly live up to the hype - the people's currency. If we choose to continue listening to planned pumps, we have a very difficult, long and risky road ahead of us. Sustainable growth will beat large planned spikes any day.
Question: Difference between cold storage, internet wallets and Robinhood
Answer: Coldstorage - in the cryptocurrency world cold storage refers to physical objects/devices that contain your cryptocurrency. Wallets are an electronic program of service that stores your cryptocurrency Robhinhood- as of right now robinhood does not actually give you cryptocurrency when purchased through them. From Robhinhood’s cryptocurrency page: “We don’t currently provide you with access to your wallet or your wallet address. You own the cryptocurrency assets in your account, and you can buy or sell them at any time. We’re evaluating features to allow you to safely transfer coins to and from Robinhood, and we’ll update you when these features are available.” Robhinhood will be addressed in another section.
Question: Elon Musk - Is he important for Dogecoin? The impact of celebrities and big business supporting Dogecoin Celebrity/Influencer Involvement
Answer: Elon Musk, Mark Cuban As many may know, Elon is highly involved when it comes to “meme culture.” we can see Elon has tweeted several times concerning “doge,” reposting memes found from Reddit, as well as concerning himself with the ripples of the recent stock news. Mark Cuban, another notable wealthy, down-to-earth, community-involved individual, has recently mentioned “#dogecoin” specifically. Regardless of whether these people have positive intentions towards $DOGE or not, their mention carries weight and public opinion and is a good assumption that new eyes are looking at us as a result. It should be noted that they have tweeted neutrally to positively towards $DOGE, not indicating a full-send support but they clearly are not talking down the possibilities. Big business allowing Dogecoin to be supported as means of exchanging goods, and people like Elon musk supporting and backing this cryptocurrency are important to proving its value and legitimacy.
Question: Is getting Dogecoin to increase to the equivalent of one US dollar possible? Can and will it really happen? What will change if it does happen? How high can Dogecoin realistically rise in price. Market cap explanation and comparison to US currency and global FIAT currency.
Answer: Yes, despite not having a fixed or capped supply, the value of the currency can rise based on its relative value against other currencies in the market. You can find examples of this in the FOREX market where currency pairs are traded, like Euro against US dollar, or US Dollar against Japanese Yen. As the value of Dogecoin rises, more and more businesses will recognise its potential and importance, and subsequently begin to accept it in exchange for goods and services. This will also help to grow the developer community around Dogecoin. Market cap = price x supply. Price is determined by supply and demand (buying snd selling of Dogecoin. Supply is determined by mining Dogecoin. The current market cap of Dogecoin while writing this article is 9,000,000,000 (9 billion) if Dogecoin was to reach $1 it would have a market cap of 128 billion dollars. Bitcoin (the most successful cryptocurrency$ currently has a market cap of approximately 700,000,000 (700 billion dollars). This means that at $1 the total supply of Dogecoin would be “worth” about 1/7th of Bitcoins total supply. The estimated supply of the US dollar is 2,000,000,000 (2 trillion) since 1 dollar = 1 dollar (LOLZ) the market cap of the US currency is 2 trillion. If Dogecoin were to reach this market cap - the price can be calculated through dividing the market cap (2 trillion) by the supply (128 billion). This means that dogecoin would equal the entire US currency at $15.60. This is definitely not impossible but highly highly improbable to ever reach this value any time soon. As in like 3-10 years away minimum. Now the entire supply of the entire worlds fiat currency is 37 trillion dollars. You can apply the same logic from above and see that the value would be $288.6. This is the theoretical limit to how much Dogecoin can be worth due simply to the fact that if it was valued at anymore than that amount it would be “worth” more than the entire world’s currencies combined which is not possible without adding more supply.
Question: Is Dogecoin a product of the Wallstreet Bets movement? What differentiates dogecoin from GME/AMC?
Answer:!Just like some other investment opportunities (Nokia, Blackberry), DOGE was brought into the spotlight amidst the whole GME situation during the previous week. Unlike those stock, however, Doge is not another short squeeze, it is not a stock. It is a cryptocurrency / asset that many people think has potential, despite its Meme origins. Many who feel that they were late for embarking on the GME hype or the Bitcoin train in 2013 respectively, are now looking towards Doge, one of the early alternatives to the original cryptocurrency, Bitcoin. Doge got a lot of interest recently, for example with the Elon Musk tweeting the same week.
Question: The situation with Robinhood - Changes in terms and conditions. Disclaimer, it is important to read through Robhinhoods entire terms and conditions to fully under what happened. The information below is just a summary and is not Robhinhoods terms and conditions but an explanation of what happened and why it happened
Answer: Robhinhood has received high profile backlash in the media recently for their involvement with GME/Wallstreetbets. A lot of the cryptocurrency and Dogecoin community were outraged when they found out that about one week ago Robhinhood stopped allowed instant transfers for their cryptocurrency. Unfortunately, while we may not agree with what happened there they do have a reason for this. Over the past week the sheer amount of people trying to buy cryptocurrency skyrocketed at one instant. When robinhood allowed for instant transfers what they were really doing is essentially “loaning” you money to make trades or purchase cryptocurrency before the funds actually hit Robhinhoods business account. This caused a huge liquidity issue and Robhinhood could not meet the demand. That is why you had to wait 5 business days for your funds to be approved. This is standard practice across multiple brokerage firms before Robhinhood pioneered the instant transfer option. Whether we like it or not, Robhinhood is a power house in their industry and not going away. Robhinhood is one of the most mainstream ways to purchase and sell cryptocurrency and if everyone pulled their money out of Robhinhood the entire cryptocurrency market would collapse which I believe we can all agree no one wants to happen.
Question: if all of the above information is true why the cryptocurrency full of people who are trying to discredit Dogecoin as legitimate cryptocurrency.
Answer: The cryptocurrency is horribly misinformed. They may have a solid understand of the technology aspect of cryptocurrency but the reason why Dogecoin will be successful is based on economics, mathematics, social theory and statistics as WELL as the underlying technology. cryptocurrency is full of gatekeepers who horde their knowledge while the Dogecoin community is focused on explaining and educating new people. cryptocurrency is notorious for being extremely serious and feel threatened that something that started at as a joke/meme has the potential to be better at cryptocurrencies intended purpose - exchanging goods and services - than Bitcoin or any other popular cryptocurrency which is deflationary in nature. Thank you for reading this post in its entirety. It took a large amount of collective effort of people in my discord. I appreciate them to no end. We have over 100 people in that discord and we are here to stay. We are interested in explaining Dogecoin, reducing the scare factor and backing up Dogecoin through economic, social, financial, mathematical theory, etc. Per Dogecoin rules I cannot give out this discord, but if you are interested message me. It goes into greater detail on every one of these topics, with resources, links, articles etc. thank you and above all else remember that at the end of the day this is a meme cryptocurrency from 2013. But the people have spoken, and this is now official the people’s currency as well. Dogecoin🚀🪐🚀
IF YOU ARE SERIOUS ABOUT DOGECOIN PLEASE REAS THIS
Okay. First off: This is going to be a very, very long post. I request that everyone please reads the ENTIRE post before making a decision or assumption. Second off: the information I am about to provide below is not entirely mine. It is a mixture of my own personal thoughts and beliefs, as well others. For the purposes of transparency I am going to differentiate which posts/thoughts are mine and which are others. Third off: over the past few weeks I have found that there is a small subsection of this Reddit who understand what the potential of this. This is NOT about financial gain. Yes, for a certain subgroup of initial investors there will be, but that’s NOT the point. This is a economical and social movement/experiment on a WORLDWIDE scale. WE HAVE THE POTENTIAL TO CHANGE THE ENTIRE WORLD. This is the chance for literally hundreds of thousands, potentially millions of people to get their first experience with cryptocurrency. Forth: DOGECOIN coin is the PEOPLES coin. Bitcoin is for the initial pioneers for the technology. Dogecoin is the coin that will literally bring crypto to a worldwide audience. Fifth: I want everyone to know I am in this for the LONG Haul. I am to use every single mathematical, statistical, economical, financial, and social theory and apply it to Dogecoin. Sixth: This is an important disclaimer and I know everyone says but I feel like I have to mention this. I am not a financial advisor. I am not advising you to invest in Dogecoin. Any decision you make is ultimately yours and yours alone. No where in these posts will you see people mentioning when to buy or when to sell. Seventh: everything I post below complies with the dogecoin terms and conditions and if there is something that doesn’t and you are a mod seeing this, please give me the chance to modify or update this before removing this post. Finally: this a collection of my own thoughts as well as others. This first post is NOT mine but I use it as introduction to the thought process and ideology behind the real goal. FIRST POST: Thank you for spreading awareness, people! There are a lot of so called financial experts on reddit and youtube spreading bullshit about the supply cap of Dogecoin and calling it a worthless memecoin. Yes, Dogecoin has a supply growth of about 5 billion coins (that's about 4-5% right now) per year, but why is that a problem? The growth is there to keep transaction fees to a minimum. Dogecoin doesn't need a supply limit like Bitcoin, because in the long run it will be much easier to exchange Dogecoin for goods and services, than with other crypto currencies or regular currencies for that matter. If Bitcoin wants to become a real global currency with buying power, not just a speculation tool to exchange it for a few thousand debt based USD when it hits a new record high every few months or years, it's supply will have to grow inevitably. We have to see the bigger picture! Dogecoin will climb to a dollar, but why sell there? We could build a new, fair, balanced monetary system with Dogecoin, not to make a quick profit, but to change the whole world. Our money is backed by signatures on debt contracts, not on real values. But it works, because we believe in it, even if it will be our downfall if it continues like this. "You're stupid if you buy Dogecoin, it has no value, it has unlimited supply." Yeah right, but your fucking US dollar, which is created out of thin air, is backed by debt and is inflating to endlessness, has value? It has a limited supply? Please, think about that for a few minutes! Dogecoin has not an unlimited supply in the sense that the supply could grow 10x from one moment to another, devaluing your Dogecoins by a 1000% in an instant, which could happen to any "normal" currency and is happening right now to the USD. That's just not possible, because of the way mining Dogecoin works. It has a fixed number of new units every year, so if the value of 1 unit goes up, the percentage of inflation goes down. People need to understand this. Dogecoin has the possibility to change our perception on money and what money stands for. It can't be backed by signatures on a debt contract, it has to be backed by real goods and services. It shouldn't be a tool to make a quick buck of when you see the green candle skyrocketing. Dogecoin needs to be more than that. Yes, sell some of it when it hits a dollar, but stay in it for the long run. Understand and spread awareness of the fact that our current money is valueless, but we all agree with the illusion that it "works", so it's still "valuable" in the sense that we use it everyday to buy goods and services. We could apply that same illusion to Dogecoin, but here it would be different, because it's not backed by debt, like the USD is. It would be backed by real values and our trust in it. Please share the truth and let people know! Okay. Now this next one is my personal opinions/thoughts SECOND POST (my personal thoughts) GUYS THIS IS IMPORTANT FOR EVERYONE TO READ. This is a zero sum game. There is a zero net sum financially across everyone. However there’s a two different things at play. One the cost of entry Is low. The whole purpose (you can check my other posts if you don’t believe me) is to only invest what you are specifically willing to lose and nothing more. I tell anyone who spending money they don’t have or need for family to get out because that’s not the point. I will literally ride the 🚀 or 🌊 where ever it takes me. If it crashes I’m okay because I didn’t put anything I wasn’t ready to lose. The next thing is that the returns for the initial people - the people who are the pioneers who have been holding dogecoin for years or months have a chance astronomical gains - financial freedom if you own 100,000 or more. Also - for day traders in the stock market it is also a Zero-Sum gain as well. But nobody is complaining about that. This is crypto so it’s different. The only inherent value this has is the value WE - the people set it at. WE THE PEOPLE DECIDE THE PRICE of this currency. There is no companies trying to play the stock market or short squeeze us. it won’t wreck the US economy if this skyrockets or it fails. It’s not only purely economical either. This is a social experiment as well. The push for $1 dollar is because it would make a highly speculative 2013 meme cryptocurrency equivalent to a national currency through the sheer will of a collective group of people. TLDR; Get in with what you can, don’t over invest, HOLD to the 🪐or🔥and whatever happens enjoy the ride because it’s about to get real. STEAL THIS POST I DONT CARE THIRD POST - Not mine. As an international business major I can tell y’all one thing , whoever’s telling y’all dogecoin don’t have any value is totally wrong and fuck them , cause I want to let y’all know that money is valuable because we give it value besides that it’s a piece of paper nothing else gold is a fucking rock but since we give it value it’s valuable 🌕🌕so Dogecoin is valuable because 7 millions plus people decided so 🚀🚀🚀🚀we can give it any value that’s we want yes it was a meme and as u can see now it’s a meme that as now a market value over 7 billion dollars 💵 Still not valuable?🦍yeah Ight apes remember diamonds hands 💎💎💎balls of steel 🌑🌑🌑 🐕🐕🌕dogecoin to the mooon and beyond FOURTH POST(also not mine) I am excited as you are for Doge getting so much attention that it has deserved, especially being in it for years. Here's my two doge's on the subject. I never have bought on robinhood because it sort of defeats the whole purpose of crypto. The idea is your suppose to be decentralized and anonymous. The gains anyone have made are going to have to be reported as taxable income. Defeats the purpose in my opinion. It really sucks for people who bought in at 7 or 8 cents. You guys are now bag holders, but why even sell? If you look at the historical charts, it's been pumped before, found a new average just like every other crypto has with volatility. This will find a new average, in my opinion, much higher than before. Dogecoin is definitely going to go up with all the new attention and time. The data is even there, dogecoin is the most mentioned thing in history on Twitter. Think of that. I have been holding since 2014. I could have sold, made a quick buck and rebought lower. The people who did, congratulations that's fantastic. Dogecoin is the actual coin of the internet whether or not people want to believe it. With this new data, there will be companys that see this and in my opinion adopt doge as a viable payment method once it stabilizes similarly to Pornhub (this is just the start). Don't think of Doge similar to bitcoin. They are both crypto's in that respect, but with different purposes. Doge is a currency for everyone, where as bitcoin is digital gold asset. Additionally, we have some great developers on the matter and more will join the team. More smart contracts are being designed with Doge and as the crypto space evolves in the years, Doge is not going anywhere. Every exchange in the world was down due to sheer volume and demand for Doge. Changelly delisted Doge. Kraken was down and I believe is still down. Binance is hard for the US traders because I don't think it is supported. Servers literally blew up. Wow! That is literally crazy. Robinhood is controlling the doge playing field potentially and we will never know what the reason is, if it's due to volume they cannot support or if they are fucking people over. Regardless I don't think dealing with crypto on Robinhood is right and I would suggest taking your money out of Robinhood. My final thought is this. It's pretty clear Elon Musk is watching crypto. He has mentioned Doge before and now has bitcoin listed in his profile. He is a memer alike. From a business and professional point of view, Bitcoin is the way to go for him. He hates the SEC and is for decentralization. Bitcoin makes sense. People keep saying, Elon has nothing to do with Doge which I disagree with you especially with all of his mentions. In my opinion, I think someday, something will be done. If there is one thing Doge has in common with Musk, is that this crypto and one of his companies were started as jokes - The Boring Company. The Boring Company is now designing sophisticated tunnels underneath cities to change the way we know travelling. So, knowing this, I think with Musk being a memer and and having a liking for Doge, we potentially can see Doge as a revolutionary way of currency and payment method. There's a reason I have been holding for so many years. Because with all the new attention and jokes, I believe there is something brewing. So my friends, if you were unfortunate enough to buy in at the top, my suggestion to you would be to hold on for the ride because I have experienced major volatility. In the long run, we are going to go far. Thinking of crypto on a time line, we haven't even begun to scratch the surface. WE ARE JUST BEGINNING. This is not investment advice, just my opinion on the matter. Love you shibes, be strong, and keep on wowing. <3 Edit: To everyone who has gifted me, thank you so much! These are my first gifts on Reddit and honestly I am so happy we are all in this, in something huge. Hodl on and much love to you all! NOW - You guys may be wondering why I am providing all of this information. I am providing this information to show the WORLD that there is a collective group of people who understand where is going. All of the above posts original creators have been invited to my discord page. Now I know per Dogecoin rules I am not allowed to promote my discord link. But if you are someone who understand everything I’ve just said. Then message me and I will send my discord. This discord is meant to get everyone on the same page. It is not a pump and dump scheme or financial short term gain type of thing. The comments are being monitored and banned if the poster starts to bring this up. DogecoinTo$1 AND THEN ➡️🪐
I am 32 years old and I made $475,000 this past year. I live in a VHCOL and work as a television director (currently remote).
Disclaimer: this is a long boy. I’m self employed and a business owner. No doxing or guessing, I love u forever. Section One: Assets and Debt Use this section to explain your current financial picture at large. Current NW: ~375k. I’ve been a high-earner for 2+ years. Retirement Balance: As a business owner, I put in money into a SEP-IRA but wasn't able to prioritize it until the past 3 years. Current balance is: $39,238.79. My investment portfolio is $88,465.72. I also have a 7k+ pension from my union I'm working in contributing to. Equity if you're a homeowner (and how much you put down and how you accumulated that payment): None Savings account balance and Checking account balance (personal and business: $272,839.99. I keep a ton in a HYSA and in my savings. I have a huge upcoming tax bill and due to my illness I write about below I keep a couple years in savings. It is not what my financial advisor would most prefer but she understands that it makes sense for my particular situation. I’d rather put money into a house but haven’t been able to figure out the area I want to live in. Credit card debt (and how you accumulated it): I spend a lot on credit cards (AMEX and CHASE) and pay it off every month. Student loan debt (for what degree) Zero! I paid off high five figures debt. Immensely proud of this. Anything else that's applicable to you IF YOU COMBINE FINANCES WITH A S/O PLEASE INCLUDE ALL OF THEIR ASSETS / DEBT AS WELL Section Two: Income Income Progression: I've been working in my field for 10 years, my starting salary was $27,500. I wrote an income progression story prior to this. Have you changed careers? Did you recently have a breakthrough in your career? Here is where you can tell us about your salary/job progression. Main Job Monthly Take Home: It really depends on the month and what stage of a project I’m at. I get paid based on contractual milestones and I have a deal that pays me monthly. The range is from 10k to 76k per month and I pay taxes every 3 months. I would say my base is around 20k after taxes per month and paying for my researcher. Side Gig Monthly Take Home: I have about 3 different jobs so I do believe some of the monthly is side hustle income but I kept it in the main spread. IF YOU COMBINE INCOME WITH A S/O PLEASE INCLUDE ALL OF THEIR INCOME AS WELL Section Three: Expenses Please include ALL expenses relevant to you. Here's a good place to get started: Rent / Mortgage / HOA fees (please specify how you split it if living with a partner): 3400 per month for the rental in the HCOL. It definitely the fanciest place I’ve rented in quarantine. My boyfriend pays 2k. Retirement contribution if you contribute more than what’s as already specified from the income / pre-tax section. I contribute 1200 for my SEP-IRA per month (if I remember). Savings contribution: I try to save a lot but right now but it’s hard to calculate as everything feels a bit irregular because of my income. Investment contribution: For the past 6 months I’ve put 8500 towards my investment portfolio per month which I haven’t seen anyone else do so I’ll probably make it less than that per month for the future year. Debt payments (please break this down individually and specify if you're paying above the minimum) Donations (please specify if monthly or annual). Feel free to also put volunteer hours you normally do as well! 2k (Planned Parenthood, Recovery Organizations, Food Pantries, ASPCA, local domestic violence shelter). Aiming for 5k for this year. I give around 5k in family support per year. Electric: none, taken care of in rent Wifi/Cable/Landline none, taken care of in rent Cellphone: I pay for my whole families’ cell phone bill which $414 for all of us. Subscriptions: 199.96+, this is embarrassing and I even did editing of it last month. Right now for monthly: Netflix (13.99) Hulu ($10) NYT ($10) Patreon ($10) Sling ($40) Audible (22.99) RePost App ($4.99) HBO Max ($14.99) Spotify, split with BF ($6), Curology ($20), Barkbox ($27) Amazon Prime downloads around $20) All write-off able. Yealy: YNAB ($80) Amazon Prime ($119) Blinkist (99.99) Amex Platinum (450) Chase Sapphire Reserve ($99) Gym membership: I was a member of Equinox in the city and have spent SO MUCH on gyms in the past 5 years. I currently pay ZERO. Pet expenses: Insurance is $59 b/c I have an adult dog. Food and toys average ~35 per month. I paid 3k in hospital bills. Healthcare bills: I’ve paid around 15k the last 4 years in extra health care related costs due to a rare illness. Right now I have health insurance through my union! I pay ~50 out of pocket for meds. Car payment / insurance: I’ve leased a car and it’s $299 per month and $140 for insurance (boyfriend splits this, so I pay $70 plus lease). Regular therapy: 400 per month (specialized therapist) and 280 (healthcare professional) Paid hobbies: Do you count buying apple products as a hobby? This year I had to buy a new souped up iMac ~3k. Any other expense that's relevant to you I have a ton of business expenses. Before I receive my take home I pay 10% of my gross income to my agent and 5% to my lawyer (so I pay 15% on top of the 475k but it goes immediately to them). I have a bookkeeper (250 a quarter) accountant (2-3k per year) and a full time assistant. My assistant is currently on one of my show’s budgets but I have paid for her out of pocket (1400 a week). I also pay for an executive coach 2x a month which is 350 a session. Union dues are around $250 a month but are dependent on how much I make. Website: $20 a month. I have my stuff in storage which is currently costing $150 a month but it was about 2k for the move back in July. Shopping/Amazon: Average ~400 per month Groceries/take-out: 1000 per month, split with my boyfriend. I am being real with you, please don’t drag me! Inheritance: My parent passed away quite suddenly when I was in my 20s, the the assets were divided amongst the remaining children. I received ~35k DAY ONE: Excited to write a money diary! It’s going to be an expensive week, I think … Last day of vacation! I sleep in until 9am and go downstairs to make some hot drip coffee. I check my email and I promise that I will NOT stay on email all day. I have some bitcoin/investing/banking stuff I have to take care of but mostly it’ll be a book in bed, watch tv sort of day which feels like I can do forever. 11a I email the bank manager asking some technical questions but it’s time sensitive due to estimated taxes so I know I should call but I email instead. 12p I watch a video about bitcoin and opt for a hot wallet versus cold storage. I read the directions *VERY CAREFULLY* as it all seems slightly difficult to comprehend how the best way to store bitcoin is. 12:30 It’s last day before work stress starts in a big way and I treat myself to my favorite meal which is beef noodle soup + scallion pancakes. I tip 25% $35.60 1p I head out for a drive through coffee at local starbucks (mask and hand sanitizer of course) I use my phone and it’s contactless. $5.31 2p I’m looking for some comfy pajamas and somehow find myself on Madewell. I can’t find what I’m looking for but I ordered a sweet constellation kerchief. $13.29 The rest of the day is spent in bed :) besides a light cycle ride. Total Spend for the day: 54.20 DAY TWO: 8a: first day back at work after the break, snooze for 15 minutes. Wake up and remind myself to brush teeth before my coffee. I go downstairs and let the dog out and make coffee. I sip it as I call my assistant and outline the goals for the week/what happened over the break. 10:30a: call with my editor, we get on google hangout and discuss the strategy for getting the edit in the best possible place for the network. 12:00p: team call for my other series. I have a bigger team on this one and I mention I’d like to have a group communicable brainstorm and I'll pay for coffee/pastries to be sent to wherever they are currently working from. I love my team. 2:00p: I have a joint therapy session with my therapist and a family member. We are very close and it’s a good way to process some tough stuff. It's a good session with some salt! I work with a specialist who is quite expensive but worth every penny ($300 per session with 60% reimbursed at the end of the month by insurance so = $120). $120 3:15p: I quickly have to run to the bank for an in-person and scheduled meeting, I absolutely begged to do over the phone and they said no.. I need to move money to a newly formed corporation to pay estimated taxes. It takes 15 minutes and I wear a mask (and so does the manager). I pay 1.85 for parking. $1.85 3:45p: Like clockwork, I go to starbucks for the drive thru and order a soy latte to get me through the rest of the meeting. It’s delicious! $5.31 4:00p: I’m billed for my doggo’s insurance, worth every penny for the best girl in the world. $58.96 4-7:00p: In google hang out meetings the rest of the day and I feel like me and my team are on the same page. My boyfriend goes to pick up groceries, they grocery store attendant places it in the waiting trunk (thank GODDESS for these humans, can we get them the vaccine already!) $178 split = $89 7:30p: I made myself a quesadilla while my bf works late. I’m mad at him for throwing out some of my leftovers :( 9:49p: as you can see from yesterday I’ve been really getting into researching bitcoin and the bull run it’s been having. I check my portfolio and decide I want to move my monthly “fun” money from RobinHood to Coinbase and I purchase $50 more of Bitcoin and $50 of ethereum. I invest about 1% of my net worth in bitcoin as I believe in it as a system. $100 Total Spend for the day: 369.81 DAY THREE: I wake up late as I started working after those trades and working my way through a book for work (or the late coffee). Suprisem I make coffee and the sweet doggo has already gone out. I start the day by eating some leftover eggplant dish. While enjoying a non-traditional breakfast I put on YouTube, I love watching an older tennis match to regulate my running brain . One of my employees needs to transfer court discovery off of a DVD. My assistant purchases a DVD player and burner on my business card for $22.04 My financial advisor does a bi-monthly call to verbally get my OK to release funds for the assessment. I usually do quite a bit but i’ll be paying A LOT in taxes this month. I verbally confirm 1000 to buy our usual index funds and mutual funds. $1000 My development producer is back from break and I am paying her out of pocket until one of current dev projects is financed. The rest of the team (6+ people!) is on currently being paid on my greenlit projects. $275 per day x2 = $550. I pay at the end of the week but want to keep track here. It’s google-hangouts until a 2pm lunch where I throw some ham and some spreadable cheese w/ a pickle on a plain tortilla and my boyfriend makes me a fresh latte from our home machine, swooooon. I know I shouldn’t go to the drive-through but I love getting in the car and getting a little fresh air. For the rest of the afternoon, I read through my prep for my big network meeting tomorrow and fire off emails. I definitely need help tracking down a couple of deals and email my agent. I go for a walk with the doggo and chase her around while she gallops around, it’s beyond charming. 6:30p: I quit early and get on the airbnb’s echelon bike while streaming the Black List. I push it and am able to do around 40 minutes which is really good as I deal with a chronic illness that I developed a couple of years ago. It’s been a lot to process/manage. I stretch on the mat and detail the work out in my habit journal (this month it’s write a daily gratitude list, spin or go outside for a walk, read 10 pages, tidy around the house and do something nice for someone else). I then VERY POLITELY ask my boyfriend when dinner is likely to be ready and he reminds me not to ask that as he is not a private chef. He’s made a delicious meat sauce w/ egg noodles (while working through his incredibly demanding job) and I am very grateful. I pour us some diet pepsi from a 2liter like it’s a fine wine, he laughs. 8:30p, it’s after dinner and he wonders if we should order dessert from the greek place. The delivery charge is $7 which is highway robbery but he says he’ll splurge and pay for. 9:00p Damn, the show we have been watching has been pulled off the streamer. I rent the season for 9.99. $9.99 Total spend for the day: 1582.03 7:00a It’s FRIDDAAAAAY. Who doesn’t love a short week? I wake up early to get into a zen place before my network meeting. I brush my teeth, add some curology moisturizer to my face and head downstairs to make coffee. I for the first time in a while give myself a fresh cat eye and it’s only slightly crooked, score! I grind fresh beans from a European coffee shop (christmas gift from a colleague) and it’s truly like being there! Well sort of. 9:00a big meeting, it goes so well and is easy and we have some laughs. I remind myself not to be too nervous about these meetings. 10:00a I celebrate the good meeting by…. cleaning the kitchen. It was a wreck and I should have cleaned it last night but didn’t feel up to it. I use the second to last serving of eggplant and fry and egg in the skillet to put it over the cold eggplant dish. It ends up tasting quite gross because I undercook the egg whoops. 10:30a: I got my boyfriend the wrong sized shoe for a holiday gift. Whoops, I return the too small pair and purchase a size up. Shoe place will reimburse me but I want to make sure to get him the shoes ASAP. $127.61 11:00a: I have to pay state taxes and IRS by Jan 15th. My approve my accountant to pay the initial fee of $4500. I keep checking my account to see if it’s gone. $4500 12-5:00p it’s a true whirlwind and I end up getting a pretty distressing personal phone-call. I go for a 25 min walk and call my sister and she helps me feel better about the situation. I call my assistant and we start to build a presentation I’ll be giving to high school students next week on how to get an entertainment meeting and how to follow up. I orate and she jots down. She asks if it’s okay to deliver it back to me by Monday at noon. I have a fairlife milk latte and am still full from breakfast. I copy-check a proposal for another project and prior to sending it to the production company, it’s pretty good if I do say so myself. 5:30p my second in command on big project calls and gives me an end of week summary and I pepper her with questions, I feel like I’m sort of out of the loop and she does a great job of adding clarity. We edit some outreach emails together and set a couple of early in the week meetings. 6:30p I text back and forth with a pal and put on workout gear as I’d actually been wearing pants and a shirt and a real BRA all day! My boyfriend was shocked, how “normal” I looked. I get on the exercise bike and do a light 30 min spin while watching the Blacklist again. It’s pretty grisly and I’m not sure if I am going to continue watching. 8:00p we usually do delivery on Friday nights (my treat) but BF has decided to make some of the frozen lobster tail his parents sent us for Christmas. He makes lobster tail with angel hair pasta w/ some lemon, butter and pepper. It is… DELICIOUS. I also have my cake from last night’s delivery which we split. 8:30-10:00p TV and hanging with the rufus and talking about how Twitter finally kicked that jerk that is the current sitting president off their service. 10:00p I check bitcoin, it’s up to 40k, holy moly. I’m trying to reach 10k and then cash out my initial investment, we shall see. Total Spend for the day: 4627.61 DAY FIVE: Wake up like clockwork at 7am and go back to sleep. Lounge in the bed with the boy and the dog until 10:30 when my caffeine headache starts to abound. 11:00a One of my favorite festivals is having to do an online only version of the festival and I want to be sure to support. I ask my assistant to use the company card when she has a second. $199 12:00 I do some bed watching of videos I’ve marked for research. It’s nice to be in a house and use the upstairs. Bf has made an egg white only omelette which I think will be gross but it is actually quite good because it has fresh shallots and jalapeno. I grab a handful of chocolate chips to cap end the lunch/breakfast. 2:10p I’ve been researching an organization I’d like to contribute to. I’m in recovery from a substance abuse disorder and I wanted to find a BIPOC/recovery based org that passes the charity standards. I found an amazing organization in Minneapolis and donate 500 and send a personal note to the head of the org asking if there is anything more I can do for hethe mission. $500 2:30p: I have a zoom with my pals who I used to work and it’s a fun session where I get to ask A’s three year old so many sorts of questions. I obviously do not have kids and am semi-ambivalent but I do love the curiosity of kids. 3:30p: Bf has fresh french onion soup with gruyere cheese. It’s pretty fantastic and I couple it with the last remaining bit of my eggplant dish I made last Sunday and froze. Proud of myself for making and finishing a dish I meal prepared. 4:30p: I go for a very brisk walk while listening to audible, I’m reminded to reach out to a family friend and we set up a catch up-call for tomorrow. I watch tennis and a doc on Paris Hilton. 6:30p There’s a good tennis match on so I set up my laptop next to exercise bike and the minutes start to melt away. I used to be an exercise fiend before my chronic illness diagnosis and have for the last year REALLY ramped down my exercise which is fine. This week, I’m feeling like I'm back to my old self. I bike at an intermediate pace for 30 minutes and a lite pace for a remaining 20 min. 7:30 it’s dumpling night!!! Bf suggests a fancier place but then says no let’s do cheaper! I go all in and get peking duck and it is PRICY but pure HEAVEN. I get a dish for tomorrow too. 103.71 with tax and tip. $103.71 Total spend for day: $802.71 DAY SIX: I sleep in, I usually zoom with my pals on Sunday morning but I wake up late and send an “opps” text. I grab the physical copy of the NYT and start with metropolitan and work my way into real estate. I’d prefer to have my money in a house versus the stock market but I’m not sure where I’ll live next so it’s not in the cards for the near future. I read and listen to classical music and feel like a fringe character on SATC. I bide my time until the tennis match at 12:30 by watching YouTube videos regarding a certain child actor star. 12:30 I start watching the match, it’s a pretty boring match so I offset it by reading reddit and playing with my dog. I got her a bark box in December and she loves playing with the toys. The rest of the day is a mixture of TV and couch and the internet and I have zero guilt about it. 3:00 I head outside to call one of my father’s best pals. We haven’t talked in years and he and his wife pop into my head and we launch into a fun catch-up call. I speak honestly about my illness (I know i’m so vague here) and it feels good to talk about it. I walk for around 30 minutes and then do a loop with the rufus. We plan to stay more in touch. 3:45 I jump on the echelon bike and do a light 30 minutes as my legs are pretty sore from yesterday. I do this more for mental health benefits than physical as it’s one of the core things that lifts my moods. I even bought myself star stickers to put on the calendar if I do 20+ minutes of exercise. For my illness, exercise is strongly urged. 5:15p: I had to Starbucks drive-through for a skinny mocha and a choco croissant. Meanwhile, I text two friends who have been going through a hard time and check in. I listen to a recovery podcast and sit in the car and meditate on all that recovery has done in my life. $8.80 6:00p: another super boring tennis match! Unsure why they’ve been so one-sided or why I am continuing to watch it? I read up more on said child actor Lindsay Lohan and read a bizarre story in the NYT “Here Is What Happens When You Cast Lindsay Lohan in Your Movie” it’s a disturbing. I help boyfriend slightly with dinner prep and we start to order groceries for the week but do not complete said task. Total spend for day: $8.80 DAY SEVEN: 8:00am I wrote out my to-do list and action items the night before so I wake up knowing what needs to be done. I watch a couple of Graham Stephan response videos (really weird pastimes) and drink, you guessed it coffee. I load a new edit onto my monitor set-up and take notes, I really like where he is headed. I quickly write out the notes and give the editor a ring. I get a text from my producer on my other project and I do back to back meetings/calls to discuss on how earth we are going to film in the wake of the current COVID climate. I check bitcoin, huge market drop and is sitting at 32k. For breakfast/lunch I make 2 over-easy eggs with american cheese on a plain tortilla and I throw on some sriracha for good measure. I pair with a fresh polar seltzer and some of the eggplant dish that we made again in sunday. Meetings are dragging and I’ve had a coffee, a latte, a cold brew and another coffee. Realizing that coffee/caffeine runs my entire life, not uncommon for a person in recovery. I had to do a creative note-card session with my producers today which involves a lot of creative thought but I struggle with a caffeine crash around 2:30. I decide to go for a walk and listen to a famous recovery tape. 4:30 a medical appointment with a specialist via zoom. $140 a session. $140 5:30 I go to the mailbox and get a hospital bill for a CT scan that I had to get a couple of months ago. I get scans every 6 months. My insurance was billed 3181 (insane) but I am only responsible for $104.41. 104.41 6:30p time to hop on the bike. It’s gotten a lot easier and I do a light one and then do a full body stretch. I head upstairs to shower and boyfriend has made jewish brisket which is like a warm hug. We order another round of groceries which is 190, so $80 spit. $80 Total Spend for day: $324.41 Total spend for week: 7769.57 (minus taxes 3269.57) Reflect on your diary: Yeah this was pretty average minus the 4500 in taxes, I spent a lot of money so it was really interesting to write this up and see where it all went. I come from a spender mentality and am trying to revert into a saver mode. I’m very interested in FIRE and have read several books. Mostly, I am just trying to be more mindful when using a credit card because it can become “I want, I buy” and my industry is very up and down so I really need to be committed and save. Thanks to everyone in this community, especially the mods. Xx
What is cryptocurrency? Everything you need to know in 2021
What is cryptocurrency? Everything you need to know in 2021 Cryptocurrency, shorthand crypto, refers to digital currencies or tokens that are secured by cryptography. It is akin to digital assets that represent certain rights, such as ownership towards a network, digital collectibles, spendable currency within the system, or even as a proof of ownership of physical items. What is bitcoin? - The birth of the first cryptocurrency Bitcoin was first released by Satoshi Nakamoto on 3rd Jan 2009 as a new form of money. It is a novel invention that has given birth to the technology we call blockchain today. Little did people know that it will have an impact wider than just reinventing the antiquated financial system. It has in fact, gone on to inspire a whole generation of developers towards building a decentralized Internet. What is the blockchain? Blockchain is the key infrastructure that powers the whole crypto industry. Let’s see what problems blockchain is aiming to solve. Ever wonder why in this modern age we are still relying on paper based documents for important matters? Examples of these documents include physical copies of our passports, identification documents, and certifications. That's because we have yet to find a good way to make sure that information shown digitally is not tamper-proof, until the advent of blockchain. Blockchains basically ensure that the information depicted is accurate and that the data is not compromised. Historically, it has been costly to prove ownership to an asset because of all the regulatory red tapes, middlemen, and processes involved in recording who owns what at a specific time. With blockchain, anyone can launch a network and distribute ownership of that network to millions of people globally with a fraction of the cost. This is a bit abstract but imagine owning a part of the Internet where value is accrued to the owners - this would be pretty impressive. With cryptocurrencies, people can imbue ownership rights in the form of digital tokens that can be easily transferable. As such, multiple projects chose to fundraise globally, distribute tokens as rewards to early adopters, and as a token of commemoration. Thousands of tokens have been released since then. Even though most of them fell into oblivion, some of them managed to capture enough value that they are now worth billions of dollars. Cryptocurrency prices and market cap The cryptocurrency market has grown significantly since Bitcoin was first released in January 2009. As of January 2021, there are more than 6,000 tokens being tracked on CoinGecko with total crypto market capitalization breaching $1 trillion. Why is cryptocurrency so popular today? Bitcoin is increasingly being mentioned in the mainstream media after its price reached $40,000 at the time of writing in January 2021 with a valuation of roughly $840 billion. Along with it, other crypto tokens also mimic similar price increases as more attention is being paid to the space. Bull runs have a way to capture people’s attention, attracting hordes of speculators into the field, feeding into a market frenzy. There are several factors contributing to the rapid rise in price. One of them is the increasing accessibility to buy crypto assets, with Paypal announcing support for cryptocurrencies, combined with the rise of fintech apps that support crypto trading such as Robinhood, Square Cash and Etoro. Another one is the institutional adoption of investing in Bitcoin as a hedge against the structural weaknesses of the US Dollar due to the loose monetary policies by the Federal Reserve. Some of the public companies that did that include Microstrategy and Square. Is it good to invest in cryptocurrency? Unlike common asset classes such as stocks and bonds, major cryptocurrencies like Bitcoin and Ethereum do not produce any cash flows. As such, it did not receive good remarks from value investors. Warren Buffet famously made public remarks referring to Bitcoin as ‘rat poison’. Bitcoin actually has characteristics more akin to commodities such as Gold. The fact that it is the first fixed-supply digital asset in the world makes it a good store of value. Therefore Bitcoin is more appealing towards macro investors that are looking to hedge against the weakness of the US Dollar. Paul Tudor Jones, Druckenmiller, and Raoul Pal are some high-profile investors that have made positive remarks about Bitcoin. Owning Ethereum in the meantime is like owning a portion of the new Internet. The hype surrounding Decentralised Finance (DeFi) applications built on Ethereum are not just smoke and mirrors. These DeFi applications have been seeing skyrocketing user numbers, attracting billions of dollars of capital, and seeing more brilliant builders go into the space. Currently there are no concrete methods on how to value these assets, but this is normal for a new asset class. Valuation methodologies will become more mature as these assets gain more adoption over time. Investing in crypto now is similar to investing in Internet stocks back in the year 2000 - the possibilities are vast but the road ahead is still uncertain. As the analogy goes, humans have a tendency to overestimate the impact of technology in the short-term and underestimate its effect in the long run. We are still in the early innings of crypto revolutions and there will be lots of ups and downs before we see the mass population benefiting from this technology. As such, please exercise caution when investing as crypto is still pretty much a high risk investment. The price can be very volatile and it is definitely not for the faint-hearted. For beginners, what you can do is to start learning more about the technology, its ethos and its use cases.
How does cryptocurrency have value? Very few people actually question where money comes from. It is actually quite a complicated topic involving politics, history, finance, economy, sociology, and human psychology. Ultimately it is a tool of human coordination. Few people realise that the current system has only been in place for roughly 50 years, starting from the US Dollar depegging from gold in 1971. We are still very much experimenting with it, with the banks bailout in 2008, Quantitative Easing, and negative interest rates in recent years. As such, the current monetary system that we have, where most call it the fiat regime, might not be the best. Therefore, it's actually not surprising that someone may invent something better. Throughout human history, we have been transitioning our currency from seashells to rocks, metals, and most recently papers in search of the best form of money. Bitcoin, as the first verifiable fixed-supply digital token that is secured by computers globally has the potential to become the first non-sovereign digital currency (not controlled by the governments) that can be used by anyone across the world. The ability to transfer value across the Internet without having any restrictions is in itself a strong value proposition. Part of the allure of democratization of value is to give back the power of money in the hands of people rather than the institutions. Money also follows the rule of network effect, as a currency that receives more recognition will attract more people to use it and therefore initiating a flywheel of adoption. Once the network is big enough, it is very hard for any competitors to topple it. Gold used to have a dominant market share in the world of currencies. Now we might be witnessing the rise of ‘Digital Gold’. If Bitcoin is to become the base layer of all economic transactions in the future, coupled with its fixed-supply nature, the price will go up as demand exceeds supply. Other than Bitcoin, there are actually increasing adoptions in the use of Decentralised Finance (DeFi) applications, creating a parallel financial market that allows lending/borrowing, capital raising, exchange, derivatives trading and even betting, operational 24/7 globally. With total capital locked inside the system breaching $25 billion as of writing, we believe it has found its product market fit. All these tokens might look absurd in the eyes of common people as most would not even know that these tokens exist, but for those that actually spend the time understanding the space, they would recognise how big this transformation is. The Internet is said to have democratized information, crypto is here to democratize value. These applications are mainly hosted in Ethereum. Any transaction costs made inside Ethereum will have to be paid in its native currency, ETH. When more transactions need to be made, demand for ETH will increase and thus its price. DeFi applications in the meantime also released their own native tokens, accruing cash flows to the token holders, similar to how a company functions. It's now increasingly possible to estimate their future cash flows and come up with a valuation based on the discounted cash flows model. How to buy and invest in cryptocurrency? There are various ways to buy and sell cryptocurrencies. In many countries, fintech applications such as Square Cash, Robinhood, Revolut, Coinbase, Kraken, Binance and Gemini are gaining significant traction. There are currently over 424 cryptocurrency exchanges globally. If you have a specific coin or token in mind, you can search it up on CoinGecko on where to buy it under the markets tab. Should you buy cryptocurrency? If you are still here after the long read, it means that you are intrigued enough to learn more. You do not have to allocate a big portion of your wealth into crypto straightaway. You can start by investing a small amount, be excited about the technology, and try to use it. Do be aware of the price volatility and the inherent risk of dabbling with new technology. Only invest money that you can afford to lose. We believe that the more you learn about crypto, the more you will be dazzled by the beauty of this creation. You have reached the end of the article! Congrats for being one of the few that understand what is cryptocurrency. Source: https://www.coingecko.com/buzz/what-is-cryptocurrency-everything-you-need-to-know-in-2021
Hello! Many companies are trying to expand their market share, especially in the app space, by offering cash or cash-equivalent incentives to new users. If one company offers new users a free stock/cryptocurrency/etc., and a competitor doesn't, then the company with the referral program will gain more market share. This gives you the opportunity generate a nice chunk of change by signing up for a bunch of different apps. I constantly search the web for the latest and greatest referral opportunities, and this is an up-to-date list I'm maintaining that details the best offers around right now! There are more than $1500 worth of offers on this page. Please feel free to leave comments with any thoughts/questions! Gemini, Crypto.com, and N26 are worldwide offers, the rest are US only.
Stock Trading Apps/Websites
Webull:2 free stocks (1 worth $2.50-$250, and another worth $8-$1600 for depositing $100).
Public: 1 free stock worth $10 guaranteed (you get to pick a fraction of a share of stocks like Disney, Apple, Amazon, Tesla, etc.) for opening an account and making a $20 deposit.
FirstTrade: 1 free stock worth $3 - $200 (I got Microsoft!) just for opening an account. No deposit required. 2 more free stocks for depositing $100! Expires February 15th at midnight EST.
Personal Capital: $20 for opening a new account and linking a qualified investment account (e.g. taxable brokerage, 401k, IRA, 529, etc) worth at least $1000. No deposit required!
Wings Financial Credit Union:$50 for opening a checking account, setting up eDocuments, and doing 5 debit card transactions of $5 or more (anything counts, including Amazon GC reloads), OR a direct deposit of $300+ in 60 days. No fees, can withdraw and close account any time.
Oxygen:$25 for opening an account, depositing $200, and doing 5 debit card transactions within 60 days (can just buy 5 $1 Amazon GC's reloads, they don't care what the purchase is). Message me for a link.
N26:$10 for opening an account and making a purchase of $20 or more using their debit card. Available globally, not just the US.
Radius:$50 for opening a Rewards Checking account, depositing $500,leaving the $500 in there for 60 days, and leaving the account open for 90 days. You must use my referral code when prompted during account signup to get the bonus. -TLAM9428D4
Voyager: Free $25 worth of Bitcoin for trading $100 on the app. Use referral code "RAY037” in the “Reward Code” field when you create your Voyager account". Open these link from mobile:
Crypto.com: Free $25 for "staking" (buying and holding) 5000 CRO (approximately $370) for 6 months. (enter referral code 66v69rwt76 if not pre-filled) Available globally, not just the US.
Coinbase: Free $10 worth of Bitcoin for trading $100. They will also give you $12 of the "Orchid" cryptocurrency (which can be re-sold for cash) if you watch 3 1-2 minute videos and answer 3 easy questions about that cryptocurrency. (might get waitlisted, I had to wait a month before getting off it). The "Compound" cryptocurrency has a similar promotion, with $9 of free crypto offered.
Chase Freedom or Flex: Free $200 for signing up for a Chase Freedom Unlimited or Freedom Flex credit card and spending $500 within 3 months. Easy to meet spending terms simply by doing something like buying an Amazon gift card, buying a visa gift card, etc.
Root: Free $25 for downloading the app, and allowing it to track your driving for 3-4 weeks so that they can offer you an auto insurance quote. You need to keep your phone on while driving so it can give you a quote. You can simply reject the offer and take the $25 bonus if you wish, I did!
SoFi Loans: Free $10 just for checking your personal loan or student loan refinance rate options with SoFi. Can also get an extra $300 if you go ahead and accept their loan offer, but you can just ignore the offer and keep the $10 if you wish!
Fetch Rewards: Receipt scanner app, rewards you 5 cents for each receipt you scan from most major chain stores. $2 bonus for using a referral link and scanning your first receipt (open this link from your phone).
Raise: Free $5 credit towards your first gift card if you sign up using a referral code, you can get an extra $5 off your first gift card purchase. I used it to buy a $10 Uber gift card, combined with their 2% discount, I only paid $4.80 for a $10 gift card!
Webull is a commission free stock trading platform/app which is giving out 2 free stocks (1 worth $2.50-$250, and 1 worth $8-$1600 each for depositing $100). That's a MINIMUM of $10.50 in free stock! Webull is available on iOS and Android, or you can use their website. Referral link- https://act.webull.com/kol-us/share.html?hl=en&inviteCode=PUnH4ruayL3j
Public
Public is another commission free stock trading app which gives you 1 stock worth $10 guaranteed (you get to pick a fraction of a share between stocks like Disney, Apple, Amazon, Tesla, etc.) for opening an account and making a $20 deposit. The way fractional shares work is, you get a piece of one of these stocks. You can still sell it or choose to sell it/hold it/it or whatever you wish, just like with a full share. Available on iOS or Android only. http://share.public.com/aruiu
M1 Finance
M1 Finance is an investing account, like Robinhood or Webull. If you open an account using a referral link, deposit $100 to a brokerage account, and keep that initial deposit in your account for 30 days, you will get a free $30 bonus that posts within 14 days. M1 Finance is available on iOS and Android, or you can use their website. https://m1.finance/J6aLCt6SRGdW
FirstTrade
FirstTrade is a commission-free stock trading app which gives you a free stock (valued up to $200) when you open an account via a referral link. No initial deposit is required. Additionally, they are running a short-term promo where you can get an additional 2 free stocks for depositing $100. The extra 2 stocks offer expires February 15th! Available on iOS or Android only. https://share.firstrade.com/MilaAQOK
Robinhood
Robinhood is a stock trading platform/app which gives you a free stock (valued $2.50 - $200) when you open an account via a referral link. No initial deposit is required. Available on iOS and Android, or you can use their website. https://invite.robinhood.com/amadeor3/
Moomoo
Moomoo is a commission free stock trading app which gives you 1 free stock (valued at $4-$200 each) for opening an account via a referral link and making a $100 deposit. Moomoo is available on iOS or Android only. https://j.moomoo.com/000LR3
Acorns
Acorns is an online investing app (iOS or Android) which is offering a free $5 bonus for simply opening an account via a referral link, depositing $5, and keeping the money in the account until the 15th of the following month. You can then withdraw the money and close the account, fee free! If you keep the account longer, they may charge you a $3 fee, so be sure to close it after the 15th on the following month from when you signed up. Acorns is available on iOS and Android, or you can use their website. https://www.acorns.com/invite/TLBCPD/
Round
Round is an online auto-investing app (iOS only) which is offering a free $20 bonus for simply opening an account via a referral link and depositing $500. Alternatively, you can get $100 if you deposit $10,000. Round is available on iOS only. https://app.investround.com/inviteCode/amadeo-r360s0
SoFi Invest
SoFi gives $50 for anyone who signs up for a SoFi Invest account via a referral link and deposits $1000. This offer stacks with the SoFi Money $25 offer, so you can do both! Plus, you can get another $25 cash bonus when you buy $10 or more of crypto like Bitcoin, Litecoin or Ethereum. That's a total of $75 cash bonuses with SoFi Invest! https://www.sofi.com/share/invest/2498539
Personal Capital
Personal Capital is a finance tracking website similar to Mint but tailored for investment accounts. If you open an account and link a qualified investment account for tracking (e.g. taxable brokerage, 401k, IRA, 529, etc) with more than $1000 in it, they will give you a free $20 amazon gift card within a couple weeks. Accounts that do not qualify as valid investment accounts include bank, credit or debit card, Paypal, Stash, Acorns, Kapitall, Groundfloor, WageWorks HSA, Coinbase, digital currency exchanges, and manual investment accounts. Robinhood works! https://share.personalcapital.com/x/oGFEyl
Banking Apps/Websites-
SoFi Money
SoFi is a bank/app that give out $50 for anyone who signs up for a SoFi Money (bank) account using a referral code and deposits $500 from any source. So all you have to do is open an account with a referral link, deposit $500, and then instantly collect the bonus and then take it all back. You can close the account at any time with no fees- https://www.sofi.com/invite/money?gcp=e65d8ea1-fd35-40bc-b801-547c3fc6e749
Porte
Porte is a bank/app which pays you a $50 bonus for opening an account via a referral code, and making a $500 direct deposit. There are no catches, and you can close the account at any time fee free as soon as you register their debit card (gotta wait a few days to get it in the mail). A "direct deposit" technically means that they want you to deposit the money right from payroll, Social Security, or other direct payment, but you can actually meet this requirement simply by transferring in $500 from virtually any source including bank accounts, cashapp, etc. Referral link- https://portebanking.app.link/es7KK8Fb6
Chime
Chime is a bank/app which pays you a $75 bonus for opening an account via a referral code and making a $200 direct deposit. There are no catches, and you can close the account at any time fee free as soon as you register their debit card (gotta wait a few days to get it in the mail). A "direct deposit" means that they want you to deposit the money right from payroll, Social Security, or other direct payment. https://chime.com/milazadrozny
One Finance
One Finance is a banking app/website offering $50 for opening an account with a referral code and making a $250 direct deposit. A "direct deposit" means that they want you to deposit the money right from payroll, Social Security, or other direct payment. They are completely fee free, and you can close your account and pocket the bonus quickly if you wish. https://share.onefinance.com/invite/Amadeo6c7b8c22
Chase Bank
Chase Bank is offering $200 for opening a checking account with a referral code and making a $500 direct deposit. Can easily get around direct deposit requirement. Credits within a few days of meeting requirements. A "direct deposit" means that they want you to deposit the money right from payroll, Social Security, or other direct payment. https://accounts.chase.com/raf/share/2479514579
Wings
Wings Financial Credit Union is a bank offering $50 for opening a checking account, setting up eDocuments, and either doing 5 debit card transactions of $5 or more (anything counts, including Amazon GC reloads), OR a direct deposit of $300+ in 60 days. No fees, can withdraw and close your account any time. https://www.wingsfinancial/newcustform/109cb9ea
Aspiration
Aspiration is an online bank which is offering a free $50 bonus for simply opening an account via a referral link and spending $250. So all you have to do is open a “Spend & Save” account using a referral link, spend $250/1000 using their debit card within 3 months, and then you will get $50 posted to your account! There are no fees to worry about! You can close the account fee free whenever you want! https://my.aspiration.com/app/token/referral/232Y47KAE4OG8Y8W/
Stash
Stash is a finance app that gives out $20 for anyone who signs up for the Stash (bank) or Stash Invest account via my referral link and deposits at least $5 from any source (payroll, another bank account, PayPal, etc.) So all you have to do is open an account with a referral link, deposit $5, and then the bonus will post to your account! The app will ask you to open a paid account, but you can simply open a "beginner" account for $1 a month, and then close your account after 1 month after you get your $20 bonus. https://get.stashinvest.com/amadeowpr10
SkyOne
SkyOne is a credit union which will pay you a $25 bonus for opening a checking account with a referral link, making a $5 opening deposit, and keeping your account open for at least 30 days. This credit union services the SoCal area, but anyone nationwide can sign up if you follow the steps detailed here. People are normally required to make a donation to a local charity to qualify for a local credit union bank account when they don't live in the area, but SkyOne will actually pay for a donation to the "Surfrider Foundation" themselves because they want everyone on the US to be eligible! In other words, you don't have to spend a dime! Simply click ("None of the above? We've got you! SkyOne will make a one-time donation to one of the following non-profits") on the eligibility page when signing up. https://refer.skyone.org/amadeoruiu3
Premier Members Credit Union
Premier Members Credit Union is a credit union which will pay you a $50 bonus for opening a money market account with a referral link, and making a $5 opening deposit. They will also require you to open a savings account alongside the money market account, which also requires a $5 opening deposit. They are located in Boulder Colorado, but will allow anyone to create an account with them as long as you make a $5 donation to one of their local charities (they walk you through it during account signup). That's a total profit of $45! And you can close the account at any time, fee free! referral link (please remember to use my referral code during the account setup too)- https://www.pmcu.org/referred-by-a-friend/VFVJEVQQQ/
Oxygen
Oxygen is a mobile banking app that will pay you $25 for opening an account, depositing $200, and doing 5 debit card transaction within 60 days (You can just buy 5 $1 Amazon GC's reloads, they don't care what the purchase is. Lots of different ways to easily get this). PM me for a link.
N26
N26 is a banking app (iOS/Android) which will pay you $10 for opening an account and spending $20 or more on a single purchase using their debit card. The account has absolutely no fees and can be closed at any time. Account signup only takes a few minutes. You need to fund your N26 account from another bank with enough money to make the $20+ purchase. The debit card is shipped to you immediately after account signup. You receive the $10 bonus in the form of a statement credit. Available globally, not just the US. N26 is available on iOS or Android only. https://n26.com/amadeor4364
Radius
Radius is a bank which pays you a $50 bonus for opening an account via a referral code and making a $500 deposit from any source. There are no catches, and you can close the account at any time fee free. You need to keep your account open for at least 90 days after depositing the $500, and keep the $500 in there for at least 60 days to be eligible to keep the bonus. So in other words, you can open the account, deposit $500, leave it in there for 60 days, then withdraw the $500 if you wish, and keep the account open for at least another 30 days to get the $50 bonus. You need to enter my referral code when prompted during account signup top get the bonus, its TLAM9428D4. You can see referral terms in the FAQ at the bottom of the page, even though the landing page for the referral link does not do a great job advertising it. https://open.radiusbank.com/?utm_source=referafriend&utm_medium=narmi&promocode=9umylb
Gemini is a cryptocurrency trading app/website which will give you $10 worth of bitcoin for signing up using a referral link and buying/selling $100 worth of cryptocurrency. Available globally, not just the US. This bonus posts VERY quickly, within a day or two. https://gemini.com/share/rllzke26
Coinbase
Coinbase is a cryptocurrency trading platform which will pay you $10 in free bitcoin for trading $100 on the platform! https://www.coinbase.com/join/ruiu_8 They will also give you $9 worth of the "Compound" cryptocurrency (which can be immediately re-sold for cash) if you watch 3 short videos and answer 3 easy questions. https://coinbase.com.earn.comp.invite.9x21smry In addition, they will give you $12 worth of the "Orchid" cryptocurrency (which can be immediately re-sold for cash) if you watch 3 short videos and answer 3 easy questions. https://coinbase.com/earn/oxt/invite/t0wvs4k2
Constant
Constant is a cryptocurrency P2P investing platform which will give you $10 for signing up using a referral link, verifying your ID (pass KYC), and depositing $10. So all you have to do is open an account using a referral link, verify your ID, deposit $10 via any means, and then you will get a $10 bonus that posts instantly and you can withdraw to your bank immediately. No deposit required. https://www.myconstant.com?r=annoyedproduct
Celsius
Celsius is a cryptocurrency investing platform which will give you $40 for signing up using a referral link, enter the promo code "web40", and depositing $200 worth of cryptocurrency. You must keep your deposit in the app for 30 days to get the full $40 bonus. You can then withdraw the full $240 and close your account fee free. Available globally, not just the US.
Crypto.com is a cryptocurrency investing platform which will give you $25 for signing up using a referral link, and "staking (aka, buying and holding) 5000 CRO (their special cryptocurrency, worth approximately $370) for 6 months. You need to apply for their "Ruby Steel" debit card when applying, its a 0 risk debit card, no credit impact, no fees. Combo's well with the Celsius promo if you need a platform to send cryptocurrency from, and you can send the $25 bonus crypto to celsius instantly. Available globally, not just the US.
(enter referral code 66v69rwt76 if not pre-filled)
Chase will pay you $200 for signing up for a Chase Freedom Unlimited or Freedom Flex credit card with a referral link and spending $500 it within the first 3 months. This is one of the best credit card bonuses in the industry! All you have to do is sign up for a Chase Freedom Unlimited or Freedom Flex credit card using my referral link, spend $500 within the first 3 months, and then get your $200! You can cancel the card at any time with no fees or penalties. https://www.referyourchasecard.com/18/ONLMEFPEFJ
Discover IT
Discover will pay you $50 for signing up for a Discover IT credit card with a referral link and making ANY purchase using it within the first 3 months. This is one of the easiest credit card bonuses in the industry! All you have to do is sign up for a Discover IT credit card using my referral link, make ANY purchase using it within the first 3 months, and then get your $50! You can cancel the card at any time fee free. https://refer.discover.com/s/hhti4m
Other Offers-
Root
Root is an auto insurance app(iOS/Android) that will pay you $25 to download their app, let it track your driving for 3-4 weeks, and then offer you an auto insurance policy based on your driving data. You can easily ignore their policy offer, take the bonus, and walk away with the $25 bonus which then then go to your PayPal account, sent as a check, etc. https://rootbonus.com/AmadeoRuiu
Worthy Bonds
Worthy Bonds is a finance app(iOS/Android) that will give you a free $10 bond to download their app, and open an account using a referral code. You never have to deposit any money into the account to get the bonus. You can sell the bond and take out the money after 90 days. The bond will also earn 5% yearly interest while you wait to withdraw. The app may give you a popup saying the bonds are sold out (its a page with a celebratory emoji that pops up). I got this too. They make this popup because they sold out of a certain type of community bond, but have replaced it with a new one for referrals. In other words, you will still get your free bond. Just make sure you hit "next steps", set your initial purchase and monthly contributions to $0, and proceed. It should then credit the free bond immediately. https://worthybonds.com/?r=etyji
SoFi Loans
SoFi Loans is offering a free $10just for checking your personal loan or student loan refinance rate options with SoFi. You can also get an extra $300 if you like their offer and decide to actually take it, but you can also just ignore the offer and keep the $10 if you wish! You should research the pros and cons of student loan refinancing before you consider this option. You can lower your interest rate, but lose some benefits from the federal government. Whether this is worth it to you will depend on individual circumstances. Personal Loan: https://www.sofi.com/invite/personal-loans/?gcp=bf4f78eb-3e5a-4419-b72c Student Loan Refinance: https://www.sofi.com/invite/student-loans/?gcp=183a665b-be7a-45ac-9d5f
Fetch
Fetch Rewards pays roughly 5 to 10 cents (7.5 cents on average) for most receipt scanned. Accepts e-receipts if you connect your email/Amazon. Can scan up to 28 receipts in any given 7 day period. $3 minimum payout. They also give a $2 bonus for signing up using a referral code (open this link from your phone). https://fetchrewards.onelink.me/vvv3/referraltext?code=JU1GW
Raise
Raise is a discount gift card website, that offers a $5 credit towards your first gift card if you sign up using a referral code. They have gift cards like Amazon or Uber on their site, so its pretty easy to find something you would have needed anyway. www.sofi.com/share/2498539?src=copy Thank you for checking out my referral post! As you can probably tell, I spend a lot of time searching the web for referral offers. If you would like, feel free to sign up for my mailing list and I will send new referrals that I come across directly to your inbox. https://mailchi.mp/c52908afbf15/moneywhisperers-latest-finance-tips-latest-finds I've also put together a small blog with finance tips and tricks I've learned over the years. If you're potentially interested, here's a link to it. https://www.youngmoneywhisperer.com/home
If you're new to investing and just signed up for a Robinhood account, you just took a great first step, but there are a number of things you should be aware of before you dive in full-tilt ... We don’t currently provide you with access to your wallet or your wallet address. You own the cryptocurrency assets in your account, and you can buy or sell them at any time. We’re evaluating features to allow you to safely transfer coins to and from Robinhood, and we’ll update you when these features are available. What crypto can you buy on Robinhood? You can buy Bitcoin on Robinhood Crypto in addition to the following cryptocurrencies 24/7 with no commissions: ... Planning your 2021 crypto-media spend? You can watch BTC and buy and sell other cryptocurrencies, stock and options commission-free on Robinhood. Change the date range, read news, and learn more about Bitcoin as well as other cryptocurrencies. You are trusting that your account information is correct and that Robinhood can verify any Crypto you hold. This also means that you cannot transfer Bitcoin to and from your Robinhood account. If your trading is to accumulate and then spend your Bitcoin, you would be required to sell it on Robinhood for USD and then withdraw the USD funds from ... You didn’t buy a bitcoin. You paid Robinhood and are trusting that they will give you your money back at some future date. You can’t withdraw that bitcoin, you can’t send that bitcoin, you can’t receive bitcoin as payment, and you are 100% reliant on Robinhood. Unlike my experience with using a bitcoin ATM, Robinhood quoted me a fair, market price for bitcoin without any hidden fees. I can either buy a specific amount of bitcoin, or a specific dollar amount. You're generally limited to no more than 3 day trades in a 5 trading day period, unless you have at least $25,000 of portfolio value (minus any cryptocurrency positions) in your Instant or Gold account at the end of the previous day.. Follow this link for full answer. In any way, how fast can you sell Bitcoin on Robinhood? Instant Access to Funds For Robinhood Crypto, funds from stock, ETF ... That's where crypto might very nicely come into play. Kraken supports bitcoin, Ether, and Litecoin in addition to 14 different altcoins, making it a popular exchange amongst extra skilled digital currency traders. Multiple security protocols to safeguard your laborious-earned cash. At launch, the operator will support buying and selling of a restricted variety of cryptocurrency pairs and offer ... I do not use Robinhood, but I was extremely surprised when I found out users that buy bitcoin on there can’t spend or send their bitcoin off Robinhood. As far as I know, you can only exchange bitcoin you buy on there back to dollars.
How To Invest Your First $1000 (Using Robinhood) - YouTube
I Got PAID $781.47 with Robinhood Dividends this MarchABOUT: The month of March, I got paid $781.47 in Dividend Income using the Robinhood app. My Stock Por... I Tried Day Trading Bitcoin for a Week I Beginner Crypto RobinhoodGet two free stocks when you sign up to this Stock Trading App: ... We will look at 8 Major companies where you can spend your Bitcoin and other Cryptocurrencies. In this video, we will explore all the things you can buy with Bitcoin you’ve been hodling for so long! LIVE TRADING EVERYDAY STARTING 30 MINS BEFORE OPEN: http://www.youtube.com/thestockmarketStream alerts, stock trading bootcamp, RE course: http://bit.ly/2UQl... How to invest your first $1000 using the Robinhood app My Stock Portfolio: https://www.patreon.com/andreijikh Get 2 Free Stocks on WeBull when you deposit ... 00:00 - How much does it cost to buy Bitcoin on Robinhood?00:33 - How do I sell bitcoins on Robinhood?Laura S. Harris (2021, February 5.) How much does it co... In this episode I go over how to make 10 percent a day on the robinhood app. I also go over how to trade cryptocurrency and other equity in my portfolio. Let... 🔵 Join Coinbase Exchange + get $10 of Free Bitcoin: https://www.coinbase.com/join/5907c318879035083aa43147In today's Coinbase Tutorial, I walk you through h... Today we’re speaking with a Reddit user who used the Robinhood Infinite Money Glitch, and here’s what happened - Enjoy! Add me on Instagram: GPStephan The YouTu... Follow Altcoin Daily: https://www.youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw/videosProtect your crypto with a Ledger - the world’s best hardware wallet: ht...
