kingmarine posted: " The early parts of 2022 saw the attempted demise of cryptocurrencies. Central banks, governments, and institutions sought to destroy the fledgling crypto community. Don't forget to check out the mega-book "Counting on Crypto 2 (free pdf)." But we surv" Military Family Investing
The early parts of 2022 saw the attempted demise of cryptocurrencies. Central banks, governments, and institutions sought to destroy the fledgling crypto community. Don't forget to check out the mega-book "Counting on Crypto 2 (free pdf)."
But we survived, and we are currently on a slight upswing. What does the future hold for cryptocurrencies, decentralized finance, the Metaverse, and non-fungible tokens? Nobody knows for sure, but I believe the future is bright.
CRYPTO GUIDANCE
The recession almost destroyed crypto, but now it's time to get back on track. USDC is one of my favorite ways to outpace a recession; however, my favorite centralized exchange, Voyager, is out of commission.
We all need an emergency fund, but who says it has to earn less than one percent interest? If you have a little room for risk, we can add treasuries and USDC to our emergency fund to obtain massive gains.
The stock market is an emotional roller coaster; sometimes, we need peace. A couple of alternatives to investing in the stock market are Fundrise and USDC. Which one is worth your investment dollars?
I love investing for income—aiming for a 9% dividend yield. USDC gives us a 9% return out of the box. But which of these portfolio choices is the safest?
I took a road trip from Pensacola, Florida, to San Diego, California. One day, I turned my attention to cryptocurrencies to ensure it holds a significant portion of my passive income future. Here is what I considered along the way.
One of the reasons why crypto almost died was trading on margin. People gained significant equity on their coins and used that to borrow against their holdings. Margin trading is a form of leverage—helpful in good times and dangerous in bad.
We thought that crypto would serve as a hedge against the stock market. It turns out they trade in tandem, at least for now. Which one will have the best recovery with stocks and cryptos on the rise?
USDC and Series "I" Bonds both yielded over 9% for a time. However, USDC had some trouble because of over-leveraged exchanges, and as inflation dies, so will the yields on "I" Bonds.
If you had $10,000 you wanted to invest, which of these choices would you consider the safest? We have USDC, treasuries, and "I" bonds to choose between, and they all have excellent pedigrees. Debt from the US government is the safest but also yields the lowest, which is its own form of risk.
CRYPTO INVESTING 101 SERIES
Before jumping into the crypto markets, take time to understand what type of investor you want to become. Crypto takes advantage of people who love the latest hype project or meme coin.
So many people lost their shirts in crypto, especially recently, that it's easy to be fearful. However, crypto is the future of banking and financial transactions. We must persist in our pursuit of crypto excellence.
Thousands of crypto coins are on the market, and more are cropping up daily. If you aren't careful, Fear Of Missing Out syndrome will overtake your brain and mindset. Avoid FOMO at all costs by staying to your investing principles.
An excellent place to start in crypto is with stablecoins. I always call USDC the best stablecoin, followed by Tether USD. I love USDC because the creators keep equal amounts of USD and USDC on their balance sheets.
After stable coins, big smart chains will give you some stability in your portfolio. I like Ethereum, Polkadot, and Cardano for the future. Smartchains, or Layer 1 coins, form an excellent base for your dollar-cost averaging habit.
Now for everyone's favorite part of crypto investing, gambling. Yes, we call this speculation, and you need a tiny budget to conduct these plays. It's fun to invest in coins and dream of a 10X return, but don't take it seriously. The path to true wealth is slow, consistent gains over time.
My favorite exchange, Voyager, rolled a lousy hand of cards. Some of their counter-parties were over-leveraged, forcing Voyager to liquidate many of their positions. Now, Voyager is in bankruptcy court. I have $10,000 inside my Voyager account, and we don't know what will happen. But it's all part of being a first-mover.
THE METAVERSE 101 SERIES
Will your next romantic relationship be with a robot or artificial intelligence? Soon, you won't be able to tell the difference between AI and humans on dating apps. Be careful of who you talk to in the metaverse.
Do you think you are irreplaceable at work? I hope not because businesses are constantly looking for ways to cut costs. If you are in a non-creative position, I advise you to build your own business on the side—the metaverse is coming for you.
Consulting is already a lucrative business and will become even more so in the metaverse. The metaverse will allow you (and your AI) to be in multiple places at once—allowing you to multiply your business exponentially.
Have you ever wanted to coach multiple clients at once? The metaverse will allow you to double or triple yourself by mixing data from your AI with live events from your clients. Who doesn't want an A.I. coach available 24 hours a day?
Advertising in the metaverse will consist of companies building complex worlds on top of their intellectual properties. From there, content creators will create stories and mini-worlds that will keep brands top of mind. Envision a "Gotham City" metaverse where creators can build complex, gritty, noir-style crime dramas.
CONCLUSION
Crypto proves that it is more "sticky" than most people consider. Now, it's time for everyone to get on the hype train. Be careful of FOMO and quick hits. Find your investing principles and stick to them; things are about to get even wilder than in 2020 and 2021. Good Luck!
Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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