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5 Ways to Enjoy Your Crypto

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Okay, let us forget for a moment whether you like it or not, whether you agree with the practises involved in acquiring it or not. Cryptocurrency is a pretty big part of life these days, with more people and more companies being open to the idea of using them as a form of currency to trade for goods and services. Which, depending on the market, is an interesting gamble for both companies AND their customers. But why is that an interesting gamble, I hear you ask?

Cryptocurrency is considered a volatile asset, which effectively means the value of that asset is constantly changing and for the most part, in an unpredictable way. So let’s say companies like Tesla who announced a year or so ago that they will be accepting specific cryptocurrencies as a method for buying one of their cars. Now, since Cryptocurrency is a volatile asset, this could potentially pay out one of two ways. A way that benefits you or a way that benefits the company. As an example, say what you’re buying is valued at $45,000, at the time of writing that would be 1.27 Bitcoin, as they are currently priced at $35,411.60 per coin. Now you hand over your 1.27 (plus gas fees), you take your item, maybe it’s a car, maybe it’s something else. Within the next 24 hours, those Bitcoin could be worth, $40k? $50k? Maybe they peak up to $65k again like they did in November 2021. Or, the opposite could happen, they could drop to $30k, $25k or less.

HOWEVER, if you’ve been around the scene for a while, then you’ll likely already know the risks involved in getting into the crypto game. In which case, maybe you’ve made a few bucks, and you would just like to know some of the ways you can currently use your crypto, since it is an ever changing landscape. Maybe you want to use it as capital to make more money? Maybe you’re just wanting to trade anonymously for goods and services. Well you’re in luck since we’re going to cover some of your options here! So if we’re all about ready to get started, let’s get into it!

Sportsbooks

Okay so since we’ve already spoken about gambling, let’s talk about gambling some more. Like I mentioned earlier Crypto in and of itself is a gamble, you could make a boat load of money or you could lose out, when you assess the situation and approach it with a level head, checking all the facts and figures, you really can make it work for you, even with the risks included. But what if you’re wanting to take your money that you’ve invested in crypto, gamble it and potentially, while assessing risks of course, make some more money off of it, is to stake it at some sportsbooks.

If you’re already profiting off your crypto and you’re into your sport, as we have hinted at, one great way to utilize your crypto would be through legal online sports betting sites. Some of these sites allow users to exchange their cryptocurrencies, such as Betmgm sportsbook, a LOT of sports books these days are, getting with the times as it were and getting into accepting crypto as collateral I guess it’s kind of in the nature of it right? The sportsbooks taking a gamble too? But doing this you could potentially gain on any winnings too, through the fluctuations in crypto prices. You might win £200 tonight, but in the morning it could be £250. Remember the risks, your capital is at stake so gamble responsibly!

NFT’s

Next up is another risky venture, but something that has absolutely BLOWN UP in popularity in recent months, regardless how you feel about it, NFT’s (Non-Fungible Token) are a huge thing right now. Non-Fungible means  that it’s “unique” so you own the only one, if your NFT is a picture of a specific animal for example, you’re the only person that owns THAT segment of information in the blockchain, of course there are memes regarding “right click, save as” etc but when it comes to the value of that particular item, you’re the only one who can really trade it, the same as owning a painting from a famous artist, there’s only one original right?

Shopping Who’d have thought?

Like I mentioned at the top of the show, a lot more retailers are beginning to accept cryptocurrency for their goods and services, there are a few reasons for this. Firstly, if you trade with Crypto, it is all done anonymously, so you don’t have to give a retailer your details, nothing is saved on record. Secondly there’s the excitement of potentially beating the system by actually picking up those goods and services for cheaper than you initially would’ve if the cost of your crypto tanks, of course that isn’t without it’s risk. Finally it shows that businesses are finally starting to move with the times. Which is a great thing, we’ve moved beyond the past for a reason, grandpa!

Money Transfers

While this one may not necessarily make sense, given you do have to pay for crypto transfers. Transferring money via crypto, specifically at low volumes, is one of the quickest and cheapest ways you can actually transfer. Since cryptocurrency is a peer to peer system, you can immediately transfer your funds without having to wait for an external source to look things over and approve it. You won’t have to pay any fees to a bank, you don’t have to pay any charges on any overdrafts or anything like that and again, like I mentioned earlier, you get to keep all of your details off the systems of big companies and banks alike.

Investment

Last but not least, the obvious one. Just like how your grandpa used to collect gold, or silver dollars or pretty much anything of the sort, these days people collect Cryptocurrency in the hopes that one day it will be worth something. This is why you see so many meme coins like $Doge and $Shib making headlines and skyrocketing in popularity. People like to jump on these with the dream of potentially becoming a millionaire from a small early investment. Imagine this, you’re looking at a new meme coin, let’s make something up (might already exist who knows) $42069bitz. Each one of those is worth $0,00.00001, so for $1 you can buy 10,000. Imagine, if by some crazy miracle, Elon Musk tweets about it or something and it raises in value, even if it becomes half a cent somehow, that’s $5000 from a buck. Is it likely? No. Is it possible, absolutely. Look at the history of $Doge as an outrageous example. That’s going to do it for this one! So, since you’re here, I take it you’ve delved into the Crypto world, how has your experience been? Have you been lucky? I personally made a little bit on Ethereum at the start of 2021, bought $225, went up to $850, I tried to hold out for $1000 before I dropped it and it tanked back to $450, after fees I think I made $190-200 profit, not a bad little turnaround but look at what it could’ve been! I just want to end by saying, if you haven’t and you’re interested in getting into cryptocurrency, or sportsbooks, or any form of gambling. Please gamble responsibly, don’t bet above your means and please don’t chase those wins. Good luck and take care everybody! Stay safe.

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How You Can Avoid Credit Cards That Have Red Flags

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When you are searching for a credit card, you may examine multiple types of red flags, and you could avoid credit cards that have a high interest rate, extra fees, inflexible terms and a low credit limit. Before you submit an application, you could also evaluate the reputation of the lender. You may read many testimonials that describe the lender, the features of the credit card, the rewards and the experiences of customers.

Estimating the Fees

Some credit cards may charge substantial fees, and if a credit card requires an annual fee, you may avoid that credit card. Once you review the terms of the contract, you should examine the fees, the benefits of the credit card and the policies of the financial institution. Subsequently, you could obtain a credit card that does not charge fees, and this credit card may consistently reduce your monthly payments.

Determining the Interest Rate

Before a lender provides a credit card, the company could examine your credit score, the unused credit, the debt and the open accounts. Afterward, the business can quickly determine the interest rate of the credit card. If the credit card has a high interest rate, you may search for other credit cards, and you could select a credit card that provides a better interest rate, multiple incentives and online tools.

Reviewing the Terms of the Credit Card

While you review the terms, you can examine the company’s policies, the fees, the due date of the payments and the rewards. Some credit cards could also provide a cash advance, yet once a customer obtains a cash advance, the company may charge extra fees. Usually, you should avoid a credit card that has inflexible terms, and you could find credit cards that can provide cash advances, low fees and flexible terms.

Examining the Rewards

Some credit cards may provide incentives that can help you to save extra money. Once you make a purchase, the financial institution could automatically offer cash back, and after you access your online account, you can estimate the value of each reward. The company may also offer tools that will allow you to monitor your credit score. If a credit card does not provide substantial rewards, you may search for another credit card, and you could obtain a credit card that can reduce the interest rate, offer valuable rewards, consolidate several types of debt and decrease the monthly payments.

Comparing Many Credit Cards and Submitting an Application

Lantern by SoFi has designed a marketplace that can allow the customers to compare multiple types of credit cards. The borrowers may examine each lender, the benefits of the credit cards, the interest rate and the credit limit. Once the customers compare credit card offers, the borrowers could also find many credit cards that do not charge fees, and the customers can select credit cards that will help the borrowers to consolidate debt. Before a borrower submits an application, the company might prequalify the customer. Subsequently, the borrower could submit an application, examine the terms of the credit card, receive multiple incentives and utilize the credit card.

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Bank Refinance Home Loan

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Interest rates are at all-time lows. If you’re considering a refinance on your mortgage, now may be the perfect time to lock in your rate.

If you’re consider Bank refinance home loan, now may be the perfect time to do it! Interest rates are at an all-time low, which means that right now is a great time to take advantage of lower interest rates by refinancing your mortgage. These low interest rates won’t last forever and when they rise again, it will be much more expensive for you to borrow money than if you were able to secure a refinanced home loan today. All this is to say that as you take a look at possible loan alternatives, refinancing your mortgage should be high on your list of possibilities. There are several reasons why this would be a good idea for you.

Refinancing can help you save money on interest and make it easier to deal with the financial stresses of monetary obligations. For example, if your interest rate is higher than what the marketplace can offer now, refinancing will allow you to lock in your rate for years to come and potentially save thousands of dollars in interest over the life of your loan.

Refinancing may also allow you to decrease the size of your monthly payments by lowering them below what they are now.

There are several loan types that you may consider for a refinance, such as a cash-out, interest-only, flexible payment plans and even home equity loans or second mortgages. Whatever your needs are and whatever works best for you, refinancing your home loan can be just what you need to help manage monthly financial obligations.

In today’s world, living in the moment is not always easy. On the one hand, you have to stay alert for opportunities and opportunities are plenty. On the other hand, your new business venture is still in its infancy and there is no sense getting ahead of yourself or making plans that will be irrelevant a month from now . . . if you know what I mean?

Here’s some ways to help you stay focused on your goals as you navigate through life: it’s all about priorities.

Prioritize: If there are multiple projects that could benefit from your attention, it may seem easier just to go with a little bit of this and a little bit of that. However, if you are going to be able to fit everything into a reasonable amount of time, it’s important that you make a plan and stick to it.

From paying bills to spending quality time with your loved ones, you will need to do what is necessary day-to-day. But don’t forget there will be days where you won’t have enough work or money coming in to reach the goals that you set when creating your plan. Look back on all the different tasks that were included in your plan and prioritize them based on how much time they take and how much money they require. Put yourself on autopilot so that you can focus on one thing at a time so that your mind can truly relax and feel at ease.

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Money

Benefits of the Endowment Plan

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An endowment plan is a life insurance policy that provides the benefits of insurance cover and saving plan. The endowment plan allows you to save regularly over a certain period to allow you to get a lump sum amount upon the maturity of your policy if you survive the policy term. However, in case of death, then the insurance company will pay the amount assured to the beneficiaries of the policy. If you are looking for an insurance policy that covers your life and also helps you save regularly over a certain period, then taking an endowment policy could be the right choice for you. The maturity amount can be used to meet your various financial obligations, including paying for your children’s education, buying a house, your retirement, buying a car, and much more. It is upon you to decide how to use the money. In this article, we will discuss the benefits of the endowment plan.

It provides higher returns

One of the greatest benefits of taking an endowment policy is that it guarantees higher returns to the policyholder. It is the best insurance plan to take if you want to guarantee the future financial stability of your family. The payout of death and survival benefits of an endowment plan is much higher compared to that of life insurance. Visit https://www.ocbc.com/personal-banking/insurance/endowment-plans.page to get more information about endowment plan returns.

It is a low-risk plan

An endowment plan is considered a low-risk investment compared to many other insurance plans. So, if you have a low tolerance for risk, then this could be the right plan for you. An endowment plan usually gives the policyholder the maturity amount if he/she survives the policy. This explains why this plan is widely preferred by risk-averse investors.

Dual benefits

An endowment plan provides two benefits at the same time. It allows you to save for the future and also provides life insurance benefits. In case of the policyholder’s untimely death, the beneficiaries will be paid the sum generated and if you survive the period, then a single payment will be paid to you upon the maturity of your plan. So, when you take the endowment plan, you will be killing two birds with one stone.

Flexible premiums

Another benefit of an endowment plan is that it gives the policyholder much-needed flexibility when it comes to the premium payment. As the policyholder, you can make premium payments based on the policy that you have chosen. For instance, you can make payments on a monthly, quarterly, half-year, or yearly basis. It is upon you to choose which payment plan suits you.

Conclusion

From the information shared above, it is evident that the endowment plan is one of the best and most profitable insurance investment options. More so, this plan comes with low risk, higher liquidity, and dual benefits. In fact, when you compare the benefits of this plan to those of other products, you will quickly discover that you will get value for your money if you choose this plan. The endowment plan also guarantees you and your family complete financial stability in the future.

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