leorebel5

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Crypto: The Poor Man's Way To Wealth

Crypto: The Poor Man’s Way To Wealth

I grew up fairly poor, in a small town in Oklahoma. We didn’t have a lot of material things, but dad always managed to put food on the table and clothes on our backs, and we got to see a good movie every once in a while. I was taught the same traditional things almost everyone else was taught, things like how important it is to get a good education, and that the 2 things you should never screw up…

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Investing: The Best "Job" In The World

Investing: The Best “Job” In The World

So, let me ask you a question. Do you like your job? Do you hate it? Do you wish or even dream about telling your boss to shove that job where the sun don’t shine? Well, if you said no to the first question and yes to the second one, this article is for you. I am going to hopefully point out to you that conventional wisdom is something that is outdated (go to school, graduate, get a good job, get…

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A Crypto Strategy That Works

In 1999, I was working for a large cell phone company, and I won a contest at work and the prize for first place was a brand new Dell desktop computer. I was so thrilled! I started learning everything I could about the internet, but what I was most interested in was how I could make money with my computer and quit my job I hated so much. I had some limited success selling things on Ebay and Amazon for awhile, but both of those became like full time jobs, and I began to hate doing that too. I was contemplating all of this one day, and I remembered something the Rich Dad/Poor Dad guy once said. He said, don’t trade your time for money, let your money work for you. By the way, these first 4 paragraphs are about me and how I got started trading crypto’s so if you want to get to the part that will be helpful to you, you can start with paragraph 5.

This made a lot of sense to me. You see, if you have the greatest business in the world, but you are tied down to working that business for 12 to 14 hours a day, you are still not free. You may have a lot of money, but no time to spend it and enjoy it. Sure, you could take a vacation every 3 months or so, but you still have 3 months of 14 hour days for 3 months just to get to that point. I realized all this, but yet I did not know how to go about making money without working a job or having a business, but then I realized that I had always been interested in investing as a way to earn passive income, so I started studying everything I could about investing. Now remember, this was during the time of the internet boom. Companies like Microsoft and Oracle and Google, were cheap back then, but I did not know how to evaluate these companies, so I paid for a service to teach me some basics about investing and learned quite a bit that way, but, at the time, I really did not have much money to invest, and I was afraid of loosing money also. I ended up not investing in anything, but I did keep studying the stock market and investing and I learned a lot over the last 20 years about investing that gave me enough confidence to want to look into crypto investing.

The one thing I learned about crypto’s that really got me excited is that you can buy some small cap crypto’s for less than one penny. Let’s look at my superstar crypto Matic as an example. I bought Matic when the price was 0.00334 and I bought 45,000 of them. It is now at 7 cents and I have made over 6 times my money. Now, Matic is projected to hit at least $10 buy the experts. Some of the other crypto’s I bought will only hit $1 or $5, but Matic is a crucial token (by the way, some are called tokens and some are called coins, but they are actually neither. What they are are software programs that run things on the new internet called the Blockchain.) Anyway, my Matic is now worth 3,104 and I paid less than $190 to get those 45,000 Matic. I have 10 coins currently and I paid less than one penny for all but 2 and for those 2 I paid a little over 1 penny, so I still got them very cheap and I bought over 40,000 of each one, so If only half of them hit $1, I will still make close to 200,000, but some of them will hit $5 or $10 or even more, so you can imagine how much I could potentially make.

Now, It took me hours and hours of research and trial and error and even loosing some money to get to where I am now. I spent about 1,500 on all those crypto’s combined, but they are now worth (as of this morning) 5,300. I have not taken any profit yet, but, I do know what my targets are for each one to hit before I sell it, and then I will take my profits and re-invest in some more that I think will be good investments. My point with all of this is, it takes a while to learn this and get everything set up, and there are a lot of different tools you can use to make everything easier (and all the tools I use are free) but once everything is set up, it literally takes only about 15 minutes a day to look over everything and the rest of the day, I get to do what I want. I am semi-retired so I do have some income to live on until I hit the jackpot on some of my investments. Also, crypto’s, just like stocks, run in predictable patterns, so If you learn what these patterns are, your risk of losing money is way less. My goal, is to earn 80,000 to 200,000 in crypto, then take the profits and start trading Forex and possibly options.

Okay, so I am sure you are wanting to know what crypto’s I have invested in and I am about to get to that, but just bare with me a moment. Keep in mind, I only buy Bitcoin and ETH if I have to have them to buy other coins. Most altcoins have to be purchased with Bitcoin or ETH. Also, You have to be listed with several exchanges, because otherwise, you won’t be able to buy certain coins because not all exchanges list the same coins when it comes to altcoins. Now you might be wondering, why I don’t buy Bitcoin and ETH and hold them until they go up. Well, Bitcoin is 43,000 per coin and ETH is 1,700 per coin. Now, I could learn to trade the options on Bitcoin and ETH and make a lot of money that way, but I am not quite ready for that yet. They would have to go way up for me to make any real money, but if I can buy a coin at way less than a penny and it goes up to $1, and I bought say 40,000 of them, that is $40,000. If I had $43,000 and I bought one Bitcoin and it went up to 53,000, then I only made 10,000, and I had to risk and tie up $43,000 to start. Do you see the difference. I have 10 different coins, that I paid 1 penny or less for (diversification) and the most I could ever lose would be a few hundred dollars if I lost everything, but the upside potential of all the coins I own now is 80,000 on the low end, and possibly as much as 500,000 if some of the superstar coins hit $10 or more. Does this make sense? I hope so.

Right now, I am offering to teach other people how to do this, but let me tell you, It can be very tricky if you try to do this on your own. I did not have any choice but to do it the hard way because there aren’t many people in Oklahoma that know how to do this, but now that crypto is going mainstream, this will soon change. Okay, I got sidetracked and did not give you my list. Now, keep in mind, I bought these at a way cheaper price than what they are at now, so if you want to buy the same ones I did, you will be paying more than I did. The coins I own are Matic, VeChain, Raven, Reddcoin, Dodge, Zilliqa, Mainframe, HOT, and DX. I had Tron, but I sold it because It was not doing well, and I used the money buy Mainframe which has already just in 4 days tripled in price. If you want to set up a session with me, I can teach you the basics in about one afternoon and I will give you ongoing support via email. If you are in my Nextdoor crypto group, just send me a private message, and I will get back to you ASAP. Keep in mind, my wife and I run a daycare and tutoring business during the week, so I may not answer right away, but will usually get back with you the same day.

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5 Things To Know Before Buying Crypto

When I first got into the crypto space, I was overwhelmed and frustrated quite often because there is such a huge learning curve in this arena. There is so much to keep an eye on, and mistakes can be very costly. Fortunately, I only lost about $300 on a scam called BitConnet (along with thousands of other poor unfortunate souls, who also lost God knows how much) but I learned some very valuable lessons and I haven’t lost any more due to scams, however, there are still plenty of scammers out there for sure. Just remember the old axiom, “if it sounds to good to be true, it probably is”. I did not heed that advice on that particular investment. So, the first of the 5 things to know is, be very careful and do your own diligent research on all coins before you buy them. Ask lots of questions of the people behind the project and see what people are saying about the project on Discord and Telegram. Look at the website on coinmarketcap.com for that coin or token and see if it looks like a professional website with several ways to contact the developers.

The second thing you have to do to make sure you don’t lose any money is to make sure you are sending your coins to the correct address. In other words, send only Bitcoin to Bitcoin or ETH to ETH. You cannot send bitcoin to eth. Let me make this more plain. If I want to send my ETH from the exchange where I just bought it, to one of my private wallets, I must make sure I am sending my ETH to another ETH address, because if I send it to the wrong address, I will not be able to recover my funds. Let me repeat that. If you send your coins to the wrong address, they cannot be recovered.

The third thing to watch for is making sure you do not give your private key to anyone else, and you must back it up and keep copies on paper in several different places (I keep some in drawers and other hiding places and I also have backups in my fire-proof safe. If you lose your private key, your funds will be lost forever, or until you find the private key.

The fourth thing to watch for is foreign exchanges. If you have your money sitting in a foreign exchange and the government of that country decides they are going to kill crypto or make it illegal, they could confiscate all of your crypto’s and there would be very little you can do about it. Make sure the country where your coins are located are crypto friendly. Google is your friend.

And, last but not least, make sure you don’t panic and sell your crypto too soon or hold it to long before you take some profits. If you do your research on these coins on some of the crypto news sites and prediction sites, you can get some kind of a target selling price for your cryptos. Keep in mind, your crypto’s will go up and down all the time, and it’s very tempting to panic when your coin goes down to want to sell it because you think you may lose money. I have been guilty of doing this more than once and it cost me hundreds of dollars when I sold my coins prematurely. I suggest you watch some YouTube videos by Ellio Trades and MM Crypto to keep up to date on what is going on in crypto. This may seem like very basic information, but I assure you, if you don’t follow these simple rules, you will lose money most likely.

I hope this information is helpful to everyone. It’s been sort of a long hard road for me because I had to learn all of this on my own, but you don’t have to do that. Right now I am offering to teach people via zoom or skype for free but I only go this on weekends because I have a business that I run during the week and don’t have time then. Just so you know, I started out in crypto with a strategy to buy only the coins that are very low cap (most of my coins I paid less than one penny for) but I only initially put in about $1,500 (and that was just 3 months ago) and my account is over $10,000 right now, so I must be doing something right. If you want to contact me about learning, please leave an email or contact info in comments. Have a great week.