5 minute read
CryptoGains
January 2021
Bitcoin was created by Satoshi Nakamoto, a pseudonymous person or a team who presented this technology to the world in a 2008 document. The concept was simple i.e. to allow peer-to-peer transfer of money across the internet and without the use of a middleman [say, Paypal, Venmo etc. etc.]. Unlike government-issued currencies such as the Euro or the Dollar, Bitcoin can be purchased on cryptocurrency exchanges. You do not need to seek the permission of a bank, company or government to buy or transact with it. Bitcoin allows online transfers without using a bank or a payment processor. The removal of such gatekeepers creates a range of new possibilities including the potential for money to move around the global internet more cheaply and quickly while at the same time, allowing individuals to have maximum control of their own assets. Anyone with an internet connection can securely send Bitcoin across the globe without having to seek anyone's permission. It only exists digitally; there's no physical version of it.
Bitcoin is internet money and is legal to use, transact with, hold or trade. It is used for everything from travel to charitable donations. It is accepted as payment by Microsoft, Paypal, Starbucks, Whole Foods and thousands of retailers across the world. Depending on your goals, Bitcoin can function as a store of value [similar to gold], as an investment, or as a way to transfer value across nations.
Unlike the world's paper currencies, there will only be 21 million Bitcoin ever produced. Consequently, it's a deflationary asset whose value has increased by several thousand percent since it's inception in 2008. Bitcoin is divisible i.e. just as 100 cents make a dollar, 100 million Satoshi's make a whole Bitcoin. It is therefore, possible to buy Bitcoin in fractions [called Satoshi's].
Since Bitcoin is only 12 years old, it's highly volatile and experiences wild swings in the course of a day. However, as the world goes increasingly cashless and even as national currencies begin to devalue, it has become evident that the future of Finance lies in Bitcoin. Already, it's the world 7th. largest currency.
Besides Bitcoin, there are thousands of other cryptocurrencies that have launched and each performs a specific function that includes insurance, supply chain management, cross-border payments, medical recordkeeping, borrowing, lending, saving and earning interest without the use of banks. This internet money has given 2.3 Billion people around the world access to the banking and the credit system.
Ravi Bahal MS, Materials Science, University of Cincinnati Executive MBA, Strategic Planning, Pepperdine, Malibu, California Married with 2 daughters 1 grandson Ravi has monitored this space closely since 2015. Of the 8,000 cryptocurrencies today, over 99% are expected to fail due to either poor fundamentals or as scams. Ravi researches them to filter out the bad projects and educates the public about the merits of the good ones. CryptoGains(c) accepts no commissions on trades but instead focuses on education. Ravi resides in Humble and may be contacted at 949-400-0495.
Leaning on the Truth
Deborah Elum, Author & Speaker
One day, I wanted to make a cup of coffee. As I pulled my Keurig coffee maker away from the wall towards me, I heard something behind it fall and break. The sound I heard was a glass jar as it hit the marble countertop. It had shattered and pieces of glass were everywhere. Most of the pieces were in plain sight on the countertop. But some of the pieces were hidden under the toaster, the coffee maker, and other objects. I did not realize it until it was too late that the jar was leaning against the coffee maker the whole time. In life, if we are not watchful, we can become comfortable hiding behind the security of a job, our family, a savings account, a relationship, or even a position in the church. But what happens when what we are trusting in is suddenly removed from our lives? Will we be like that glass jar, breaking into pieces and shattered forever or will we be able to continue to trust and rely on God? As women of faith, we must not put our confidence or trust in anything other than God and His word. God loves us so much that He sent His only Begotten Son to die for us. That is why we can lean on Him and His promises at all times.
“Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge him, and he shall direct thy paths.” Proverbs 3:5-6
If This is Life, I’m Not Getting Out of Bed shares tips on how to live beyond past fears of what others say about you. This book helps you to free yourself from the captivity of rejection. It’s time to get up and stop allowing negative words and wrong opinions to determine your future. It’s time for you to take back control of your LIFE! Available on Ama-
zon.com, , ISBN: 978-1-7339510-2-9, 5.5 x 8.5 inches, 90 pages, $10.95.
You have a reason why you exist. Now, it is time to discover the REAL YOU! Unlock your destiny and purpose so you can achieve what you were created to do. Overcome procrastination while learning to stay motivated and focused. This book will empower you to let your destiny, desires, and dreams shine forth.Learn the five doors that stop you for achieving your purpose and destiny.
Have you struggled with letting the wrong people, ideas, or thoughts into your life? Having trouble setting goals and sticking to them? Don’t let the door of procrastination cause your destiny to be locked away, not achieved, and eventually forgotten. This book will help you stay motivated, focused, and pursue your purpose. It is time to discover The Doors to the Real You! by Deborah Elum, 5 ½ x 8 ½, 58 page trade book, Available on Amazon.
