Crypto.com App Review 6/18/2020

 

Crypto.com App Review
                    Crypto.com App Review

       Have you ever heard of Crypto.com? I’ve been aware of the exchange for awhile now, but just recently choose to give them a try. While watching one of my favorite youtubers  Lark Davis (TheCryptoLark), I noticed a brief promo for Crypto.com that spurred my interest.

          Lark Davis discussed a feature that allowed account holders to use debit/credit cards against their cryptocurrency balance. I was also intrigued by the crypto earn feature which is very similar to staking. I figured why not give them a try, I’ve pretty much tried every reputable exchange with a mixed bag of results.  My mind was made up when he said that I would receive $50 in MCO tokens if I staked 50 MCO for a certain amount time along with signing up for a card. This didn’t happen as promised, but we will get into that later.

            I first attempted to sign up for Crypto.com via there exchange website and soon discovered that it was not offered to the United States. I then downloaded the app and started the sign up process and successfully registered an account.   Once it was time to fund the account, I ran into problems that would have caused most people to given up. Crypto.com would allow me to enter my debit card information, but every time I attempted to fund the account, the transaction would be declined. This was quite frustrating to say the least.

            I attempted to use a several different cards and each attempt was declined. I then started to worry that one of my cards may have the account frozen due to too many unsuccessful attempts. Guess what, that’s exactly what happened when I attempted to buy something a couple days later.

             At that point my frustration got the better of me and I gave up. I was done with Crypto.com and the regulatory problems that I was experiencing. Its a well known fact that traditional financial institutions are not a fan of cryptocurrency and some make it very difficult to transfer funds to and from crypto exchanges.

            While sitting around the house the following day it struck me like a bolt of lightening. Why don’t you transfer some Bitcoin or Ethereum to them instead of fiat currency. The whole concept behind cryptocurrency is to get away from banks and their control over our money. I felt so stupid when I quickly found the cryptocurrency deposit feature and funded my account with Bitcoin.

           Once my new account was funded, I started to explore the app and was impressed with its ease of use. There were plenty of cryptocurrencies to choose from and I didn’t feel as limited as Coinbase and Coinbase Pro have left me on many occasions in the past.

          Crypto.com even has Cardano( ADA) listed which is my all time favorite crypto project next to Bitcoin. This told me that this exchange has foresight and will reap rewards when the Shelly Testnet goes live. I decided to purchase a few choice cryptocurrencies and proceeded to stake 50 MCO tokens with crypto earn.

           Once the staking was completed, I attempted to sign up for a debit/credit card. It appeared to be ordered, but my account always stated that the status was pending and I have not received my 50 MCO to this date. On the positive note, I was impressed with the high rate of returns that Crypto.com offers.

        I staked CRO tokens for 14% annual return for 30 days. They offer as high as 18%, but I didn’t want to put all my eggs in one basket on a test run. I am sure you understand the logic. Ethereum and Bitcoin don’t offer as much, but its better to be earning something than nothing.

           So the big question is would I recommend   Crypto.com  and the answer is yes. I am a bit disappointed when it came to the the $50 bonus, but I am hoping that the process just takes longer than I expected. With that said, please remember that I am not a financial adviser and I am just another guy on the internet with a passion for cryptocurrency. Please do your own research before you make any financial decisions.

              If you have found this Crypto.com App Review helpful and you are planning to join Crypto.com, please use one of the  Crypto.com links found throughout this page. I will receive small credit from Crypto.com and the money earned will help me keep my blog up and running. If you choose to go directly to Crypto.com, that is fine too. Happy trading with whatever exchange you plan to use.

Check Out The Crypto Lark video below for a more insightful view into Crypto.com. Please feel free to fast forward to the 4:34 time mark of the vlog.

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Crypto.com App Review 6/18/2020

Presearch Affiliate Marketing

Presearch.Org
                               Presearch.Org

              It’s been awhile since a cryptocurrency actually caught my eye due to true adoption potential, but it has finally happened thanks to Jason Appleton. Jason Appleton goes by the name Crypto Crow and has a YouTube Channel that I follow and have found to be informative. Last week during one of his broadcast, Jason introduced Presearch.org as a potential new up and comer. While watching his presentation, I agreed that Presearch Affiliate Marketing Opportunity may have a chance to change how Affiliate Marketing works within search engines.

                As you probably already know, you need to be careful in who you follow in the crypto world because many online personalities are just out for themselves. They appear to care about their following, but are actually just out for personal financial gain. A lot of times they will discuss a cryptocurrency projects without disclosing that they are actually providing a paid endorsement. Jason Appleton has been 100% forth coming and has gained my trust. He is also a supporter of Cardano , which is my favorite blockchain project.

                As you probably already know, affiliate marketing is an industry worth well over $12 billion dollars and growing everyday. With numbers like that, it was just a matter of time before a cryptocurrency start up attempted to tap into the industry. With a bit of know-how and innovation, I believe Presearch.org has accomplished this feat with a Presearch (PRE) on the Ethereum Blockchain.

                The Presearch.org search engine gives users the ability to earn while they search similar to Brave. They also protect their user’s information like Brave does, but there is a major difference between these two search engines. Presearch gives its users the ability to apply their earned tokens towards Affiliate Marketing through staking.

                For example, if you purchase or earn PRE tokens, you can stake them against a Keyword on the search engine. The highest bidder gains ownership of the keyword and all the affiliate traffic associated with the keyword. The Keyword will be placement at the top of all searches that are associated with it. If you chose to sell your tokens or remove them from the stake, the second highest bidder will now get the traffic. Anyone who follows cryptocurrency knows that staking is the future and this is such a basic, but ingenuous way to use staking.

                Presearch tokens can be purchased on Presearch.org or earned, but they are also now available on Kucoin Exchange. This is excellent news because Kucoin is a respected exchange with reasonable fees unlike many other competitors. I can remember paying outrageous transaction fees to various unnamed exchanges before I understood how everything worked. I am sure I’m not alone on that one. I view it as participating in the learning curve unfortunately.

                Presearch.org currently has over a million users, which is a respectable number, but pales in comparison to search engine giants like Google and Bing. Presearch has a long way to go, but the concept and real world adoption is there. The question is if they can get the crypto world community to embrace their project and cause mass adoption in the Affiliate Marketing industry.

                Please remember that this blockchain project is speculative and only time will tell if mas adoption takes place. They may be on the verge of changing the Affiliate Marketing industry forever or they may disappear into oblivion like so many other projects has done. Please remember that I am just a guy out there on the internet with a passion for cryptocurrency. I am not a financial adviser and it is important for you to do your own research.

                 If you are planning to give Presearch a try, please support my blog by clicking on one of the Presearch Links throughout the blog and True Life Blogs will get a small stipend for your patronage. 

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Buy On Bad News Sell On Good News

Buy On Bad News Sell On Good News
                                                                                                Buy On Bad News Sell On Good News

                They say buy on bad news and sell on good news. The outbreak of the coronavirus that originated in China earlier this year is restructuring the medical and financial systems that we have all become reliant upon. We can only hope that the decisions made concerning the virus are wise and will help deescalate the growing public fears.

            The WHO which stands for World Health Organization recently upgraded the outbreak to a pandemic, which was a wise decision with the continuous spread of the virus. But every action has a reaction and we are witnessing that today with the steep financial market declines.

                The recent events that just transpired with Donald Trump creating a travel ban from Europe and the stock market sharp decline will put the best investor to the test. I agree that a travel ban should have been put in place, but this will also expose the severity of the situation and will force the general public to stop and take note.

         This drastic measure was somewhat ignored when it was done to China because everyone knows that they are a trading partner, but that’s about it. China is closer to becoming a full blown enemy of the United States if political and imperial behaviors of both nations do not change in the near future.  Creating a travel ban with a close ally like the European Union has made everyone stop and think.

                Donald trump is a businessman with international ventures all over the world. If anyone realizes the significance of such a decision it’s him. This preemptive strike against the coronavirus also known as COVID-19 will ripple across the world and will cause mass shortages in everyday supply lines. All financial markets responded today with extreme losses and are still going down as I am typing.  But with such a response, could this be potential for an opportunity if done properly? The answer is yes, but patience, fortitude, and instinct will be required.

                The saying buy on bad news and sell on good news is easier said than done. When you are watching your portfolio lose 25% to 40% percent of its value in a single day does not trigger a buy attitude in the typical investor. The average investor starts to panic sell, which increases their loss in the long run.

         I have learned over the years that the financial market can be very turbulent at times, but this is the natural progress of the financial system. Nothing and I mean nothing goes straight up forever, and when it does, it’s a clear sign that you are in a bubble. Guess what folks, the bubble just popped, but I never thought it would be a virus that would cause this climatic state.

                When I looked at the state of the cryptocurrency and stock market today, I saw nothing but opportunities presenting themselves. Here is the catch though. When has the market bottomed and how to tell that things have stabilized? Do I actually have money to invest right now or do I need to remain liquid?  

           This is where instinct comes into play and a bit of fortitude and common sense. Instead of chasing the market down, I have learned that it is better to start buying once the market has started to reverse its course. This system is very easy to follow, because as long as I see red across the board, it is a clear indicator that the market has not fully corrected itself yet.

                But once I see green consistently appearing, this tells me that the market has stabilized and it’s time to follow the old trusted quote” buy on bad news, sell on good news.” There is literally a buffet of stocks and cryptocurrencies that are undervalued right now and will reap profits for those who are willing to have foresight into future.

         But for now, patience is very important because there are still a lot of decisions being made that will affect the markets.  For example, Disney World just announced that they will be closing all theme parks until at least April. It’s difficult for me to imagine the amount money at play with Disney World due to their sheer size and operating cost. This will have an immediate ripple effect across the state of Florida and travel industry.

                The cryptocurrency market has also been very volatile with Bitcoin experiencing a record loss yesterday that rippled across the new fledgling financial industry. I still believe that blockchain technology will change the world, but for now I will be on the side lines waiting for the perfect opportunity. I see so many crypto projects that are 25% -40% down that I want to scoop up, but I still see red. Until there is majority green on a regular basis, I will stay on the sidelines.

                In conclusion, please note that I am not a financial advisor and just some guy on the internet voicing his personal opinion. The financial world is unpredictable these days, but with like all other bubbles and recessions, the markets will correct themselves over time. Just remember to have patience, fortitude, and instinct while following the old trustworthy quote, “Buy On Bad News, Sell On Good News”.

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Investing With Cryptocurrency 101

Investing In Cryptocurrency
         Investing With Cryptocurrency                                                                                

             If you are reading this blog, I am assuming that you have heard of Bitcoin and other cryptocurrencies and would like to try  investing with cryptocurrency. Yes, I said invest because cryptocurrency will be the currency of choice in the future. Cryptocurrency is seeing more and more adoption on a daily basis, but it is currently being used as a store of wealth more so than a currency.

         As you have probably seen in your initial investigations, there are over 2000 cryptocurrency coins and tokens listed on CoinMarketCap.com.  Many of the coins are failed projects, but some are winners. I would like to assist you in your initial research and investment endeavors.

                Before you start  investing with cryptocurrency, please do not make the mistake that I did. You will need to do some research first and gain some basic understandings of cryptocurrency. I am sure you have heard of Bitcoin, which is probably the safest investment for beginners. But there are many other good options out there. You will need to decide if you are a speculative investor (high risk) or looking for a store of wealth transfer similar to gold.

              Speculative is pretty straight forward in my opinion, extremely similar to penny stocks. You may experience great gains while on the other hand, you may lose everything in one day. Now store of wealth (recommended) is very different. You are transferring your traditional government controlled fiat currency to a cryptocurrency like Bitcoin, which is not controlled or regulated by any government. I like to think, “The money for the people, by the people, for the people”.

                Now that I have stressed research, I would like to suggest some currencies that I personally recommend for the novice investor. I am sure you have heard of the first one; Bitcoin which is traded with symbol BTC that was created by Satoshi Nakamoto. No one really knows who this person is, but this individual or organization (conspiracy theory) released a white paper in 2008 describing how to create and implement Bitcoin, which also created Blockchain technology. Bitcoin has been around for over 10 years and has a proven track record of profitability, but also has had some extreme fluctuations in price never happen quite often.

                The second recommended coin is Ethereum that trades under the symbol of ETH.  Ethereum was proposed by Vitalik Buterin in 2013 and went live on July 30, 2015. Ethereum is a public open source blockchain, and the keyword is open source. You will hear the term token and ERC-20 token thrown around quite a bit in the cryptocurrency world. All you need to realize is that these currencies, which there are many of them resided on the Ethereum Blockchain.

             Remember that word open source and how I mentioned that there are many failed projects and up and comers? Many of these currencies will be found within the Ethereum Blockchain, but you only need to remember one thing, Ethereum is at the top of the food chain.

               It is important for you understand that when investing with cryptocurrency, some currencies are decentralized like Bitcoin and Ethereum. No one person or organization is in control of its future. The centralized currencies are quite different and have usually been created by businesses to resolve various problems in the financial world. . That’s not necessarily a bad thing, just something you should realize before you invest.

                Ripple (XRP) is an excellent example of this. This cryptocurrency was created by Ripple Labs and they are attempting to establish a faster and more reliable payment protocol for the banking and business institutions of the world. They may accomplish this goal and are quite popular, at one point they were the number two cryptocurrency currency. Just remember this; it was created by a business and run by a business which makes it centralized. Someone could hypothetically hit a switch and it would be gone forever.

                Some other cryptocurrencies that I suggest for you to look into are Neo, Cardano ADA, VeChain VET, Tezos XTZ, Basis Attention Token BAT, Kyber Network KNC, and COTI. These are just some of the promising currencies out on the market right now, but this can change quite quickly because the technology is improving on a daily basis.

                Okay, I think you should have the basic gist concerning cryptocurrencies that you will be investing in at some point of time. Now let’s talk about some research websites that I personally use and suggest. I have had good experiences using Coinmarketcap.com, Investing.com, Cryptocompare.com, Tradingview.com, and believe it or not Youtube.com. Remember you are responsible for your own research and don’t go off any one person’s opinion. Similar to marriage, it’s relatively easy to get into cryptocurrency but no so easy to get out without a loss if you make the wrong choice. 

Investing With Cryptocurrency

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