Tag: bitcoin

Credit Cards: How to Make Balance Transfers Work For You

Who was the Welsh guy who threw away $200 million of Bitcoin?

My aim with each blog post is to help you move to a better financial future. I believe that there is not enough financial education in the national curriculum and I intend to share anything helpful that I have learned along the way. I am by no means a financial expert. None of the information on this website constitutes financial advice and is provided as general information only. This is my personal finance blog; my marketing blog is over here and I have been blogging there since 2010. I hope you have found this information useful. Thank you for reading.

Best regards,

Mike

Who was the guy who Gambled His Nation’s Future On Bitcoin?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM

Nayib Bukele and Bitcoin

This is the story of Nayib Bukele, the president of El Salvador. In 2021, as one of Bukele’s intiatives, El Salvador became the first country in the world to adopt Bitcoin as legal tender. Bukele gave citizens of El Salvador $30 worth of Bitcoin that they could spend via the Chiva App and Chiva wallets. Restaurants and shops were instructed to accept payments in Bitcoin. In an extremely bold and courageous move for a political leader Bukele started using the country’s money to invest directly in Bitcoin in the hope of making a profit. He received considerable criticism from around the world for doing so but at the time of writing (December 2023) this has proven to be a successful move.

Please watch the video to discover the full story of Nayib Bukele’s investment in Bitcoin. After you have watched the video, please let me know your thoughts in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you invested in Bitcoin? Will you invest before the Bull Run starts next year? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

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If you have enjoyed this post you will also like the following posts:

What is the Bitcoin Halving? Why is it Important?

Credit Cards: How to Make Balance Transfers Work For You

Best regards,

Mike

Is crypto a Hedge against Inflation?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM

Inflation

Inflation is the rate at which the purchasing power of the money you hold decreases over time. In this context a hedge is a protection against or a way to avoid the impact of inflation on your money.

In this video, I explain the effects of inflation on the money that you hold and assess the levels of interest being offered to savers by banks and building societies in the UK. I then compare these interest rates with possible returns from investing in Crypto assets and give my opinion about whether Crypto is a hedge against inflation. This does not constitute financial advice.

After you have watched the video, please let me know your thoughts in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you invested in Bitcoin? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

Prime XBT Crypto Trading Platform.

✅ to get up to $7,000 as a deposit bonus.

✅ Use Code MIKE7 to redeem the deposit bonus.

✅ Use Code MIKE 25 to get 25% off trading fees for each order.

If you have enjoyed this post you will also like the following posts:

Credit Cards: How to Make Balance Transfers Work For You

Best regards,

Mike

Should Avalanche (AVAX) be in your Portfolio?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM

Avalanche

Avalanche is a top twenty cryptocurrency by marketcap according to coinmarketcap.com. In this video, I discuss the results of my research into the project and give my investment verdict. This does not constitute financial advice.

Points that I cover in my analysis are as follows: History, what is Avalanche? ? Which blockchain or blockchains does Avalanche use? Why has Avalanche been called an Ethereum killer?

What is my investment verdict?

After you have watched the video, please let me know your thoughts about Avalanche in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you invested in Avalanche ? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

If you have enjoyed this post you will also like the following posts:

Credit Cards: How to Make Balance Transfers Work For You

Best regards,

Mike

Should Cardano (ADA) be in your Portfolio?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM

Cardano

Cardano (ADA) is a top ten cryptocurrency by marketcap according to coinmarketcap.com. In this video, I discuss the results of my research into the project and give my investment verdict. This does not constitute financial advice.

Points that I cover in my analysis are as follows: History, what is Cardano? Which blockchain does Cardano use? Why has Cardano been called an Ethereum killer?

What is my investment verdict?

After you have watched the video, please let me know your thoughts about Cardano in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you invested in Cardano? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

If you have enjoyed this post you will also like the following posts:

Credit Cards: How to Make Balance Transfers Work For You

Best regards,

Mike

What is the problem with DeFi?

This post may contain affiliate links please read our disclosure for more info. This video was first published on my YouTube channel; you can subscribe to my channel here http://bit.ly/1BuKsoM

DeFi = Decentralised Finance

DeFi is an abbreviation for Decentralised Finance. As a retail investor you may be attracted to some of the amazing investment returns on offer in the DeFi space. However, it is very important to remember that DeFi is totally unregulated and many projects are run by teams who are anonymous. In this video, I discuss some of the problems with DeFi.

After you have watched the video, please let me know your thoughts about the DeFi space in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Are you invested in any projects in the DeFi space? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.info

You can also earn interest on the Crypto you hold from BlockFi.

Visit https://blockfi.com/mikepitt to get started.

If you have enjoyed this post you will also like the following posts:

Credit Cards: How to Make Balance Transfers Work For You

Best regards,

Mike

Is it too late to buy Ethereum (ETH)?

This post may contain affiliate links please read our disclosure for more info. This video was first published on you can subscribe to my channel here http://bit.ly/1BuKsoM

Buy Ethereum

Ethereum is the second largest Crypto asset by market cap size. In this video, I assess whether it is too late to invest in Ethereum. When I started investing in Crypto in 2017/18, Ethereum was only $2-300 dollars. Clearly there has been significant growth since then but it has not been all plain sailing. You have to get used to Bearish as well as Bullish markets in Crypto and in

After you have watched the video, please let me know your thoughts on Ethereum in the comments under this post or under the video on YouTube.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you bought any ETH yet? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.io

You can also earn interest on the Crypto you hold from BlockFi.

Visit https://blockfi.com/mikepitt to get started.

If you have enjoyed this post you will also like the following posts:

Credit Cards: How to Make Balance Transfers Work For You

Best regards,

Mike

What is Staking ?

This post may contain affiliate links please read our disclosure for more info. This video was first published on you can subscribe to my channel here http://bit.ly/1BuKsoM

Staking in Crypto

If you review the interest rates offered by traditional bank accounts and building societies in the United Kingdom, you will quickly realise that the interest rates offered are not keeping pace with inflation. At the time of writing, Inflation is at 9% in the UK, the highest level for 40 years.

Within Crypto, there is a way to earn interest on the Crypto that you hold and that is called Staking. The rates on offer are typically much higher than you will be offered at a high street bank and therefore more attractive. In this video, I answer the questions, what is staking? and how do you Stake Crypto? This is helpful for those who are relatively new to the Crypto sector. Let me know your thoughts in the comments section below. At this point, it is customary for me to remind you that I am not a financial adviser and this is not financial advice.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you staked any Crypto yet? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.io

You can also earn interest on the Crypto you hold from BlockFi.

Visit https://blockfi.com/mikepitt to get started.

If you have enjoyed this post you will also like the following posts:

Credit Cards: How to Make Balance Transfers Work For You

Best regards,

Mike

Are Market Crashes inevitable with Crypto?

This post may contain affiliate links please read our disclosure for more info. This video was first published on you can subscribe to my channel here http://bit.ly/1BuKsoM

Market Crashes

If you are considering investing in the cryptocurrency sector one variable that you will have to come to terms with quickly is market volatility. Investing in Crypto is rarely a set it and forget it process, there are a lot of benefits to staying up to date with geopolitical developments and market trends. I discuss the most significant market crashes in Crypto history and offer an explanation and strategy that you can profit from. Let me know your thoughts in the comments section below. At this point, it is customary for me to remind you that I am not a financial adviser and this is not financial advice.

I believe that with Cryptocurrency regular people have the opportunity to change their financial future within a 3 -5 year timespan. That is why I am so passionate about the sector.

Next Steps

Have you changed how you approach investing in cryptocurrencies? Let me know in the comments section below.

Also, get in touch if you would like my help. My email address is mike@learnmoney.io

If you have enjoyed this post you will also like the following posts:

Credit Cards: How to Make Balance Transfers Work For You