DO THAT THING THAT RICH PEOPLE DO WHEN THEY TURN MONEY INTO EVEN MORE MONEY

LEARN THE LESSONS OF THE RICH GET RICHER CLUB:

 

LESSON ONE

 

Bitcoin’s exchange rate grew from $0.0008 to more than $10,000. Currently, the number of Bitcoin transactions averages over 10 million per month.

 

LESSON TWO

 

What does it take to be successfully RICH in general?

  1. First, it takes a lot of work and effort.

  2. Nothing comes for free. If it does, it isn’t real.

  3. Second, dedication and passion help. Believe in you and in your capabilities. This opens many doors and the gates to success too.

  4. Finally, a bit of luck never hurts. The three combined will make any person successful in his/her field.

 

LESSON THREE

 

Understand the passion, dedication and luck of cryptocurrency.  There is a reason that cryptocurrency has become overwhelmingly popular over the years and that 2018 may end up being the biggest cryptocurrency year yet.  At the end of the day, not only is cryptocurrency an emerging market, which is attractive to investors, it’s also a bet against central banks, which is attractive to the masses.

 

So, it’s no surprise if everyone wants to know how to get into the crypto market.  However, when to do it, what you need to learn about it before taking that final step is VITAL to equation of how to succeed in it.  Here are a few tips to follow to help you make money consistently through one of our favorite axiom’s, “knowledge is ALWAYS power.”

 

WHAT DOES IT TAKE TO BE SUCCESSFUL IN CURRENCY TRADING?

 

If you want to become a card-carrying member of the rich, get richer, club, you must embrace loses.  Losing is part of the game. Winning is part of the same game, too. The market is made of real people, with real money. When the stop loss gets hit, you realize things just got real.  If we embrace losses it means we can learn when to expect them because everyone knows that you can’t be right one hundred percent of the times.

 

Psychology in cryptocurrency money making plays a vital role. Calculate your steps, the risk, and the reward. This way, you’re a step closer to learning how to become a member of the rich get richer population.

 

There’s a saying that the market is like a beautiful woman. Ever changing, has an aura of mystery, and everyone’s fascinated.  Yet, no one truly understands it. With cryptocurrency, some people expect to become a millionaire overnight.  Don’t fall for that trap.  It’s not even possible.  If you treat the market with respect, you’ll get respect back.

 

To treat it with respect, you must learn how to make a profit. Technical and fundamental analysis of the market helps.

 

WHO CAN YOU TRUST?

 

When trading cryptocurrency, or any other asset for that matter, research is key. However, it’s important to be wary of where you are getting your information. Unfortunately, in the cryptocurrency space, there are several biased sources out there. So, make sure that when you do your research, you are only getting your information from reputable, well-established brands and companies.

 

CRYPTOCURRENCY IS NOT THE GAME OF MONOPOLY

 

While some try to make cryptocurrency out to be a get rich quick scheme, so they can buy Park Place and Broadway, that’s not what it really is. At the end of the day, like any other asset, building wealth through cryptocurrency will take time. So, don’t set your sights on reaching the penthouse suite, at least not yet. Instead, set realistic goals and create an investing plan that will help you stick to those goals.

 

DON’T MAKE YOUR DECISIONS IN A PANIC

 

As mentioned above, the world of cryptocurrency is a very new, emerging market. As such, there will be chaos from day to day in the prices of these virtual currencies. The key is not to panic. Don’t make knee jerk decisions based on emotional responses to what’s happening at that particular moment in the market. Instead, take it slow and steady, kick the emotions to the curb, and make well thought out decisions when making your trades.

 

ATTEND WORKSHOPS AND CONFERENCES IN CRYPTOCURRENCY SO YOU KNOW TECHNICAL INDICATORS AND DON’T CONSIDER YOURSELF TOO COOL FOR SCHOOL!

 

Because the cryptocurrency market is so new and volatile, it’s important that you take a technical approach to trading. At the end of the day, technical indicators will give you more accurate signals in the cryptocurrency market than fundamental data. However, don’t forget the fundamentals if you’re going to take your trading to the long-term level.  Finally, as with anything in life, the more you learn about the cryptocurrency space, the more successful you are likely to be when investing and trading within it. So, any time you have the chance, take a moment to do some research, take some classes, participate in workshops and conferences to learn about the industry, trading strategies and more.

 

FINAL DESTINATION

 

Cryptocurrency is an exciting market. With wide swings in value and tremendous opportunities for gains, there’s no reason not to want to be involved. However, always keep in mind that where there is a chance of gains, there is always a chance of loss. Take your time, acquire knowledge, attend workshops, conferences, meetings and get to know the market.  We believe in the future and so should you.

WHAT’S NEXT?

When you think of blockchain, what first comes to mind? Many of us immediately think– Bitcoin. While blockchain technology is at the core of Bitcoin transactions, blockchain has many other applications and it is really what’s next in the world of digital transmissions.

 

EVENT TICKETING

 

If there is any one industry that needs a change its ticketing.  I’m not talking about parking tickets, but event ticketing.  The event ticketing industry is a multi-billion-dollar industry that is growing every year, and as a result, growing in costs as well.  Once hailed as a sanctuary for die-hard fans to easily purchase tickets for their favorite shows without having to travel to the box office, Ticketmaster, and the online ticket industry, has become nothing more than a maximum cash grab through ridiculous fees, and more recently, ticket resales.

 

Purchasing a pair of $46 tickets on Ticketmaster right now will cost you about another additional $37 in fees.  To put this into perspective, this is about 40% in fees.  Yes, you are paying 40% extra for the convenience of buying online!!

 

Ticket sales are one of the most demonstrably appropriate industries for blockchain to get involved with.  The purpose of blockchain projects is to give power back to the consumers, to avoid unnecessary intermediaries, and to keep immutable and verifiable history.  Blockchain tickets should be a music lovers dream come true.  A blockchain backed ticket would be fool proof.  For starters, there would be no opportunity to sell counterfeit tickets.  Since tickets are immutable and tracked throughout the blockchain it would not be possible to resell a fake.  Additionally, many of these ticket programs seek to eliminate or reduce price gouging ticket re-sellers.

 

There are already several blockchain event ticket projects in existence now and some that already have working and actively used systems.  Some of these projects are Aventus, Crypto.Tickets, Blocktix, EventChain, BitTicket, and GUTS Tickets.

 

GUTS: YOUR OWN “GUARANTEED UNIQUE TICKETING SYSTEM”

 

GUTS is an individualized digital blockchain ticketing agency. GUTS utilizes blockchain technology to create a simple and transparent mobile ticketing ecosystem. GUTS’ technology allows users to access and purchase tickets directly from their mobile devices, eliminating the potential of ticket loss and fraud. With the Guaranteed Entrance Token Protocol, ticket owners maintain complete control over the sale, resale, and trade of tickets. In the coming years, GUTS plans to expand outside of its Netherlands base. The company aims to sell over one million tickets in 2019 with its recent strategic partnerships.

 

In addition to the ticket/entertainment revolution, Blockchain is currently helping to combat issues of political and institutional corruption, financial fraud, and privacy violations.  Here are some blockchains that have been a long time coming:

 

 

FARMATRUST: COMBATTING COUNTERFEIT DRUGS

 

FarmaTrust is an international drug tracking system that aims to maximize pharmaceutical supply chain efficiency. Blockchain is the foundation of FarmaTrust’s encrypted global tracking system. With the aid of artificial intelligence and data analytics, FarmaTrust prevents counterfeit drugs from entering the market. It does this by connecting with warehouses, manufacturers, shipping companies, hospitals, and pharmacies to track the product lifecycle of medical supplies. Customers can verify the authenticity of medicine by scanning a product’s QR code on the FarmaTrust mobile app.

 

STORJ: THE FUTURE OF CLOUD STORAGE – STORJ IS THE AIRBNB OF DIGITAL STORAGE.

 

Storj is a blockchain-based internet storage system. Storj aims to revolutionize cloud storage by providing users with increased security, efficiency, privacy, and transparency at a fraction of the cost of current cloud technologies.

 

How does it work? With shared cloud storage, Storj eliminates downloading inefficiencies and provides users with a higher level of privacy. Blocks of data are virtually “shredded” and dispersed across the network before they are stored. The shared cloud network minimizes download times characteristic of existing cloud platforms. Users pay only for storage they use and can rent out the extra space that they don’t use.

 

SHOCARD: THE NEXT GENERATION OF IDENTITY AUTHORIZATION

 

Shocard’s use of blockchain technology enables individuals and enterprises to digitally store identification information. Once a user creates a ShoCard ID, the user can upload and store personal information on a mobile device. Touch verification and encryption techniques, such as hashing and digital signing, ensure data security on the blockchain. Only intended recipients can decrypt a user’s information after the identities of both parties have been verified.

 

Tasks such as logging onto a server, sharing personal information, and conducting financial transactions can be performed seamlessly through the ShoCard mobile app. The ShoCard app eliminates the need for usernames and passwords, digitizes identification, and provides authentication at one’s fingertips. Shocard does all of this while creating an audit trail to detect and prevent identity theft.

 

BEXT360: A COFFEE SUPPLY CHAIN SOLUTION

 

Bext360 improves supply chains of commodities using blockchain, machine technology, and mobile applications.

 

HERE’S HOW THE SERVICE WORKS:

 

coffee cultivators load their product into Bext360 machines equipped with sensors and optical recognition technology. The machines sift the product, assign a quality grade, and link output to crypto tokens. Blockchain payments are then made directly to farmers and stakeholders based on the quantity and quality of their products.

 

Bext360’s technology eliminates the “middle men” in transaction processing so that farmers receive a greater share of the profits. Wholesalers and retailers can leverage data collected during the process to improve product quality and ensure that fair trade conditions are met. The system tracks goods from the source to the consumer, resulting in a more transparent and efficient supply chain.

 

FINAL THOUGHTS

 

Blockchain technology could radically transform the competitive playing field by simplifying transactions, increasing supply chain efficiencies, and streamlining user information. With most rapidly evolving technologies, companies must adapt quickly and embrace innovation to maintain a competitive advantage. Blockchain is no exception.

 

Blockchain has made significant advances since its early days of enabling illicit activity on the dark web. Currently, major institutions such as Walmart, FedEx, J.P. Morgan, and IBM are utilizing blockchain to create more transparent and efficient supply chains, store data, and cultivate more secure digital relationships.  The global blockchain market is rapidly growing. Research estimates that the market capitalization for blockchain-related goods and services is expected to reach $7.7 billion by 2022. According to Forbes, banks alone could save $8 to $12 billion annually by implementing blockchain technology. Blockchain is gradually becoming a new norm of next-generation of business, so expect to see more of it and believe that it IS WHAT’S NEXT!

BITCOIN’S BIRTH OUTSIDE THE BOX AND THE MYSTERIOUS CONSPIRACY THEORIES THAT FOLLOW IT

THE creator of BITCOIN, is known only by the pseudonym Satoshi Nakamoto.  Who is Satoshi Nakamoto?  Well to understand that question, let’s start with the Japanese word “Satoshi” = “wise”, or intelligent, and “Nakamoto” = “center point”, or central.    Then mix that in with despite years of leaving posts on Bitcointalk.org, Satoshi never left a clue about his true identity.

 

Mix in that with we know that Gavin Andresen, who is acknowledged as “the public face of Bitcoin”, claims years of correspondence with Satoshi but never met him or spoke with him on the phone.

 

Then add a dash of historical fact in that the NSA wrote a paper in 1996 that some say lays the groundwork for Bitcoin.  Did your hair raise up on that one?  Well, please do remember that this is one of the functions of the NSA. The NSA is charged with exploring cryptography and its applications. There are certainly similar elements between the NSA outline and Bitcoin. But the paper is still relatively broad.

 

And the paper was never kept secret, it was published. We could even surmise that the real Satoshi Nakamoto could have read it and got some ideas. He, or whatever organization the name represents, would have done their research to review published material about cryptocurrencies.

 

Now stir completely and add in that the paper was published on networking P2P Foundation and said the elusive Nakamoto lived in Japan and was born in 1975.  Yet when the world’s media thought they had found their Satoshi Nakamoto in 2014 – they found out he was just a regular guy who was a computer engineer living in Temple City in Los Angeles County.  But wait, there’s more!  There is a Japanese-American man, named Dorian Satoshi Nakamoto.  Alas, he firmly denies he was or is the shadowy force behind the infamous cryptocurrency – so, the plot continued to thicken.

 

One of the best known ‘Other’ Nakamoto-suspects is an Australian computer scientist and businessman named Craig Wright.   But unlike the other leading contenders, Wright claims he is Nakamoto and in 2016 provided technical “proof” to the BBC, The Economist and GQ. This consisted of a demonstration of the verification process used in the very first Bitcoin transaction. But he was discounted when The Economistclaimed, “such demonstrations can be stage-managed” and reported that Wright refused to make the proof public and to provide other assurances. Last, we bake at 350 degrees with the knowledge that there is currently no publicly available cryptographic proof that anyone is Bitcoin’s creator. What???  How could that be?    We may never know the answer to this question for in the creation of the Bitcoin, maybe no one is who they pretend to be.

 

MYSTERIOUS BIRTH

 

Which brings us to the fully baked conspiracy theories about Bitcoin.

 

The first conspiracy theory states that the NSA created Bitcoin and it became an experiment that got away from them.  It is a fact well-known that the National Security Agency created part of the code for Bitcoin.  But does that prove they were behind the introduction of Bitcoin all along?  That the NSA IS Satoshi Nakamoto (aka “wise” and “center point”)?  When you first hear that; it does make you wonder……

 

However, when one looks more closely, one realizes that the NSA creates a lot of cryptography code and some of the cryptography works and is widely adopted.

 

We know through factual history, the piece of the Bitcoin code created by the NSA is a hash function called SHA-256.  SHA stands for Secure Hashing Algorithm. The hash is the expected outcome. An algorithm can be executed on a piece of data, and the output of that algorithm should match the hash. But no one can figure out what the data was with just the hash. It only works in one direction. And there are enough different combinations that it is virtually impossible for any two pieces of data to create the same hash.

 

But, SHA-256 is not unique to Bitcoin OR NSA. It is used widely by different industries, including in SSL certificates which encrypt small data files.  If someone changes one piece of the file, the hash also changes, and the receiving computer will recognize this by comparing the expected hash with the received hash. This prevents data from being intercepted and changed without detection before reaching its destination.

 

Then we have NSA conspiracy number two.  Some great minds in the world are stating that Bitcoin completes the ONE WORLD CURRENCY CONSPIRACY THEORY.  Exactly how would that work? It goes something like this.  The government invents Bitcoin to get people excited about digital currency. Then they create their own, or partner with a mainstream bank to create digital cash.

 

Next, they initiate a global scale false flag attack, like an Orson Welles alien invasion, or an electromagnetic pulse from North Korea, or even a terrorist attack on the power grid. This chaos tanks the economy and the financial system. They blame Bitcoin for funding the terrorists/bad guy aliens and outlaw it.

 

After that, the government “saves the day” with their own cryptocurrency, and allows everyone to trade in their fiat dollars for the digital token. In this conspiracy theory, the government takes complete control over the population. They can roll out automatic taxation, negative interest rates, and any other kind of control they want.  That is probably a half-baked conspiracy theory at best.

 

OUTSIDE THE BOX MYSTERIOUS BIRTH IS NOW THE WAY FORWARD

 

In the end, even if the NSA or CIA created Bitcoin, so what? Bitcoin isn’t the only cryptocurrency out there and if the NSA or CIA did create Bitcoin, then they inadvertently spurred a competition for the best cryptocurrency.   While we realize Bitcoin is used frequently on the black market due to its relative anonymity, we also want to note there are plenty of places, at least within the U.S., that allow Bitcoin transactions.  Microsoft, Dell, REEDS Jewelers, Expedia, and Overstock.com are just a few places that accept Bitcoin as a legitimate payment. Which leads us to the third conspiracy theory side note aka icing on the cake.  The FBI owns one of the largest Bitcoin wallets.  WHAT?????

 

YUP!  A few years back, the FBI shut down the Silk Road—a major black-market site. As with any black-market site, Bitcoin was used frequently to make purchases.  We came to find out that the FBI inadvertently acquired all the bitcoins circulating around the site and as of October 2017, the FBI owned 1.5 percent of the world’s Bitcoin. That doesn’t sound like much in the grand scheme of things, but when you consider how few people in the world own a substantial amount of Bitcoin—1.5 percent is a huge amount for one entity to own.

 

There is a twist to the end of this story.  Sure, it could all be true. But it could just as easily be reversed.  Perhaps Bitcoin is such a promising tool it will ultimately free people from central banking.  That the government is desperate to discredit it. What better way to convince people to discount or fear something, then state that it was created by the NSA or CIA?

 

The government’s best tool is convincing everyone they are omnipresent. Seeing agents in everything paralyzes people with inaction. In the end, no one should base their financial and monetary decisions on an unproven conspiracy theory.  If you do, it is a flip of the coin.  One really can’t make a definite determination about Bitcoin based on the information available. Therefore, the best course of action is to do what you were going to do anyway. So, who Satoshi Nakamoto is, we don’t need to know.  What we do need is his creation and if this creation was spawned in an NSA computer room doesn’t really matter.  It’s not there now and the future of what it can and will be is still unwritten and that’s the part that is so very exciting!