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Cryptocurrency

Crypto Journey

I first heard about crypto with Bitcoin in 2013, when it was $40. It wasn’t until 2017 that I really got into studying it and developing an awareness of the totality of the blockchain technology.

The first step, as is for learning any new thing, was to do research.

Crypto Knowledge

My first crypto blog was written November 30th, 2017.

Since then I have written 14 blogs about the crypto space and blockchain technology. In December 2017 I wrote about how cryptos were being seen by the IRS and reminding everyone to view this new technology at the early stages…

This is important information… this is about being aware of what is going on, and be open to learning the new way now rather than later. Being at the beginning of the bell curve and taking advantage of this opportunity to stand in our own power and be self sovereign.

I began writing blogs about setting up cryptocurrency wallets, backing them up and keeping your information safe. I’ve touched on ICO’s, learning on Coinbase, stablecoins, Blockstack, and NFT’s.

With all of that said, I am definitely in a better place now financially than in 2017. Cryptocurrency has shifted the way I see money, and the way I interact with currency.

There is no doubt the market has grown exponentially, and will continue to grow as we are still in the adoption stage.

Crypto

I did a survey once and asked people 4 questions about cryptocurrency.

One question was, “How important is blockchain education?” 15 out of 16 people who answered the survey questions said it was important!

Another question was “Do you hold cryptocurrency?” 13 out of 16 said no.

So people think it’s important to learn about, and can see it has promise, but they do not understand it enough to invest in it.

That is why doing the research is the first step. Understanding information is always key to doing new things.

Blockchain technology is here to stay, its already implemented in so many ways, and cryptocurrency doesn’t seem to be going any where anytime soon. The market cap went from 900 million in 2013 to its current value at 2.6 trillion. That is a 288,789% increase in 8 years.

Get off Zero

The amount of money I invested in the past 5 years has grown exponentially, (and it was not a massive amount of money). Some of that investment went into fees, creating NFT’s, and business transactions. It has also went into things for my family such as a new puppy, tractor, and home improvements. I can say without a doubt, getting into cryptocurrency has been the best investment I have made.

https://twitter.com/bitcoingraffiti

Even the astrology speaks of how there is a huge financial transformation happening. There are even TikTok users who are using astrology to read whats happening with the crypto market.

Lately there has been so much talk about how our world is adopting cryptocurrency! From other countries using bitcoin, to President Biden writing an executive order for our government to research into creating our own US central bank digital currency!

This is the time to get off zero… if you are interested in taking the first step we would like to talk to you. We want to assist those who are interested in learning and actually investing in their future.

I truly believe that others should get off zero and begin to invest in this new technology and the financial shift that is currently taking place. I would love to use what I have learned and my journey to help others thrive!

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4 Crypto Question Survey

I have recently developed 4 survey questions’ in order to learn more about cryptocurrency awareness in my community. The responses I receive will assist in the creation of future learning opportunities for all. Please take a minute and complete the survey by clicking the link below:
 
Take the 1 minute Survey
Thank you for your participation! If you are interested in learning more, or have any questions please message me!
– Raine Dawn
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Coinbase Learning

I discovered recently that you can earn crypto while learning about crypto on Coinbase. I am learning how specific cryptocurrencies work — and I get a bit of each currency to try out for myself.

So I have been learning about Stellar Lumen and XLM.  Stellar is a platform that connects banks, payment systems, and people. Stellar unites the world’s financial infrastructure so money can flow quickly and cheaply between banks, businesses, and people. It has some amazing potential.

For people sending money to family members overseas, Stellar offers a cheaper, faster alternative to traditional money transfer services.

Banks, businesses, and people can use Stellar to turn traditional assets, like dollars and euros, into tokens. These tokens can then be transferred and exchanged with any other participant on the Stellar network.

As a Coinbase customer, you can learn how it all works and you’ll earn XLM.  XLM is the Stellar networks own cryptocurrency which facilitates low-cost, universal payments on Stellar.

Digital assets on Stellar are protected by a decentralized global network of computers running Stellar’s open source software. These computers cooperate to confirm legitimate transactions and prevent malicious ones.

Stellar is a cooperation token, that globalizes the marketplace. I can see many benefits from participating in learning and sharing how Stellar works and how it can be applied to businesses as well as personal financial transactions. If you own a small business, Stellar could be a new platform for your business to connect to the digital world.

Click here to get started! Once you have watched the five 1-2 minute videos, you can invite up to 4 friends to earn XLM too! They can be new or existing Coinbase users. You’ll earn $10 in XLM for each eligible friend who completes a lesson.

Happy Learning and Earning!

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Cryptocurrency Wallets

Now that you’ve purchased some BTC and ETH on Coinbase it’s time to get a private wallet.

See when you purchase your currency on Coinbase, they hold your wallet information. If something were to occur with the site, your wallets could be compromised. So that’s why we have private wallets.

There are a few types of private wallets that provide different ways to store and access your digital currency. Wallets can be broken down into three distinct categories – software, hardware, and paper. Software wallets can be a desktop, mobile or online.

  • Desktop: wallets are downloaded and installed on a PC or laptop. They are only accessible from the single computer in which they are downloaded. Desktop wallets offer one of the highest levels of security however if your computer is hacked or gets a virus there is the possibility that you may lose all your funds.
  • Online: wallets run on the cloud and are accessible from any computing device in any location. While they are more convenient to access, online wallets store your private keys online and are controlled by a third party which makes them more vulnerable to hacking attacks and theft.
  • Mobile: wallets run on an app on your phone and are useful because they can be used anywhere including retail stores. Mobile wallets are usually much smaller and simpler than desktop wallets because of the limited space available on a mobile.
  • Hardware: wallets differ from software wallets in that they store a user’s private keys on a hardware device like a USB. Although hardware wallets make transactions online, they are stored offline which delivers increased security. Hardware wallets can be compatible with several web interfaces and can support different currencies; it just depends on which one you decide to use. What’s more, making a transaction is easy. Users simply plug in their device to any internet-enabled computer or device, enter a pin, send currency and confirm. Hardware wallets make it possible to easily transact while also keeping your money offline and away from danger.
  • Paper: wallets are easy to use and provide a very high level of security. While the term paper wallet can simply refer to a physical copy or printout of your public and private keys, it can also refer to a piece of software that is used to securely generate a pair of keys which are then printed. Using a paper wallet is relatively straightforward. Transferring Bitcoin or any other currency to your paper wallet is accomplished by the transfer of funds from your software wallet to the public address shown on your paper wallet. Alternatively, if you want to withdraw or spend currency, all you need to do is transfer funds from your paper wallet to your software wallet. This process, often referred to as ‘sweeping,’ can either be done manually by entering your private keys or by scanning the QR code on the paper wallet.

I have experience with using:

Wallets are secure to varying degrees. The level of security depends on the type of wallet you use (desktop, mobile, online, paper, hardware) and the service provider. Online wallets can expose users to possible vulnerabilities in the wallet platform which can be exploited by hackers to steal your funds. Offline wallets, on the other hand, cannot be hacked because they simply aren’t connected to an online network.

Remember that no matter which wallet you use, losing your private keys will lead you to lose your money. If your wallet gets hacked, or you send money to a scammer, there is no way to reclaim lost currency or reverse the transaction. You must take precautions and be very careful! You are solely responsible.

  • Backup your wallet. Store only small amounts of currency for everyday use online, on your computer or mobile, keeping the vast majority of your funds in a high security environment. Cold or offline storage options for backup like Ledger Nano or paper or USB will protect you against computer failures and allow you to recover your wallet should it be lost or stolen. It will not, however, protect you against eager hackers. The reality is, if you choose to use an online wallet there are inherent risks that can’t always be protected against.
  • Add extra security layers. The more layers of security, the better. Setting long and complex passwords and ensuring any withdrawal of funds requires a password is a start. Use wallets that have a good reputation and provide extra security layers like two-factor authentication and additional pin code requirements every time a wallet application gets opened.

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Cryptocurrencies

For the past few months I have been intensely learning all I can about cryptocurrencies. If you have no idea what I’m talking about, you might have heard of Bitcoin sometime in the past few years and a lot more recently.

Most people hear the word Bitcoin and automatically have an anxious feeling, or have no idea what it is. When I share what I’ve learned with some close friends I get questions like… What is Bitcoin? Is digital currency safe? Whats the point?

So I decided to share my experiences and what I’ve learned so far. Through a number of blog posts I will be discussing what cryptocurrencies are, how they are used and what it means for each of us.

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
“decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation”
Basically… what makes bitcoin so revolutionary is the technology itself… not so much the coin. Though the coin is valuable as well, to me its the block-chain and smart contract technology that make it so.
Block Geeks explain Blockchain technology really well…
blockchain
I urge you to look into block-chain and cryptocurrencies.  Our financial future will not look the same in 10 years, what better time to get started then now.
In order to purchase some cryptocurrencies you will want to create an account with an exchange depending on where you live…
For example, in Europe, you can use:
  • Bitcoin.de
  • Kraken

USA

Asia

  • OKCoin
  • BTCChina
  • BitFlyer
You can use this link to set up a Coinbase account. Begin investing with a top performing currency like Bitcoin or Ethereum first… and then just breathe… it can feel a little overwhelming and scary at first, however you got this. You have the ability to stand in your full power as a self sovereign individual.
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