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Cryptocurrency

The Currency of Crypto

I began my journey into the crypto currency world in 2017. I heard about it back in 2013, when it was $40, but I did not get involved. Though it was interesting, I didn’t feel like I had the time to get involved and learn about it.

In 2017 I began to see finance and currency a little differently. My relationship with money had been shifting from a poverty mindset, full of lack and fear…To a mindset that money is a direct representation of our personal level of trust in the abundance that the universe has waiting for us. I say waiting because everything we can imagine already exists and is simply waiting for us to tune in to the frequency of receiving it!

New Dawn

I had to really study the blockchain technology to help me feel more comfortable when setting up my first wallet or making my first purchase, or trade!

After I realized that this was a technology shift, and it was simply in the beginning stages… I began to pay more attention and feel more comfortable. I always tell my students the more you do something the easier it gets. So I created a few wallets, and purchased tokens on exchanges. These experiences really helped me to feel empowered, as I began to take back my financial sovereignty.

I truly see blockchain technology as the beginning of a new dawn. A new era in the digital and financial pillars of our time. I find it super important to also mention that the astrology of these times is one of a great financial shift.

When I realized this is a change in the structures as we know it, I dived right in to learning about this new technology. Even with the anxiety, I knew I just needed to push through and keep going.

FOMO and Anxiety

My first trade was nerve racking… do I trade now or wait for the price to go down!? What happens if I buy it now and the prices does go down!?

The first time I sent money to another wallet caused even more anxiety. What if I put the address in wrong? The coins could end up in some random wallet!

What if I lose my private key, or my private passcode? What if the app gets uninstalled or something and I can’t recover my wallet or coins?

All of these questions flooded my mind in the beginning. But the more I worked with the technology and understood how to store my information, and how to double check my work the easier it got.

The Fear Of Missing Out is totally normal at first. We have been so programmed to FEAR not having enough. Programed to keep what we have “safe.” But when the world is seen as a place of abundance, you always have enough. When we hold on to something it becomes stagnant and no longer flowing with energy. Currency is meant to flow. The current gives and takes. Now when I trade or send currency, that anxious feeling doesn’t overwhelm me…. It simply helps to remind me to slow down and be mindful.

A little goes a long way

My investment strategy has been to simply buy in. There is no need to have large sums of money before one invests. Since it is a matter of long term financial revolution… its about more than just a get rich quick strategy. This is a technology adoption, there are going to be major players in the game who will get involved to build the foundation. Like any adoption plan, there are stages… and we are in the early stages of adoption.

I have had exponential growth over the past 5 years with this awareness. My partner has spot on analysis of the market and the shift. He has researched and aligned so many data points along the way, which have assisted us in the selection of where to allocate funds.

Knowing that the universe is aligned with me has allowed me to let go of the FOMO and the poverty mindset. I have been able to overcome those programs to shift my mindset towards the flow of currency in my life.

Alignment

Currency

Aligning your mindset with one of receptivity, allows the universe to show up in the most improbable ways! We begin to allow things to unfold, rather than create resistance to receiving by putting limitations on what we wish to receive. Sometimes when we think we want one thing, it’s really just a step in the direction of the true desires we have. But sometimes we do not know that desire even exists until something else shows it to us.

Action rewards truth… when we take action on our truths the universe rewards us. When we push through even when we feel unsure, we are choosing to manifest our true desires.

Use this link to sign up for Coinbase if you haven’t yet!

https://www.coinbase.com/join/valent_js6

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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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Crypto News

There were many news stories about cryptocurrency lately… Coinbase was ordered to release the names of 14,000 people to the IRS. Some people have voiced their concerns with getting involved in cryptos due to the news.

I think it is C.E.E.Q.E.R time…

After reading some articles, and knowing about the court hearing that began a year ago… I have a few things to say…

First of all, the 14,355 names and information being asked for by the IRS are people who have received $20,000 or more in Crypto currencies from 2013 to 2015. This makes up 3% of the number of customers on Coinbase.

What do we learn from this?

  1. That the IRS is going to tax cryptos
  2. That 30% of the money generated from the gains people have made, will now be going to the government.

Question:  does the GOP tax bill have anything about cryptocurrency written in it?

I did some exploring and I found out that Nevada and Delaware are two states which have put bills in place that say no local government can tax block-chain technology.

I also read that the IRS was requiring everyone who has mined or bought cryptos and then sold or used to pay for goods or services.

So when we begin getting into Cryptocurrencies we must find all perspectives to understand it from… it’s not just about buying and selling, it’s not just about making money. It’s also about a whole new system about to take over.

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.

❤

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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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