In stock investing there is something known as a "dividend" stock. When you buy a dividend stock, each month or year the company whose dividend stock you own will pay you part of their earnings in cash, directly to your account.
It really is pretty cool because not only do you benefit if the price of the stock goes up but you also get paid to own the stock!
HORIZEN, the team who created the ZEN cryptocurrency allows you to do something exactly like investing in dividend stocks.
Horizen will actually pay you every week for owning ZEN.
Whats the catch?
You have to set up a "node". Don't know what a node is? Don't worry. I'll tell you. Plus they are super easy to set up. I'll show you how.
What is a node?
Nodes are essentially other computer points that all commuication between a specific blockchain network and also provide a supporting role to the network.
In the Horizen Network they call them "ZENnodes" and there are two types of Zennodes. Well really three types.
A fullnode, a...
We just went through a huge crash and now we're in a bounce back which could be
a dead cat bounce or it could be that the FED is buying everything LOL.
Uncharted territory.
I don't think anyone really knows.
BUT....
What I do know is that whether we are going down to DOW 6,000 or up to 40,000,
it is wise to listen to certain insiders because they have access to information
and know whats up before the general public does.
And in my book "Stack Silver Get Gold", I say the public is always LATE to the party.
You want to be in whatever you're in before the public knows about it.
This is why I PAY to subscribe to a ton of newsletters.
I'm thinking of releasing a service where I just send out a monthly list of what
I think are the best recommendations I find in the newsletters I pay for but its kind
of a pain to set up.
So until then, here are some of my favorite newsletters and programs that I pay for.
1) THE MORGAN REPORT - David Morgan is one of the most requested speakers at any...
I recently interview a 5 billion dollar precious metals dealer.
If you want to know whats going on in the gold and silver market, you probably can't get much better than talking to this guy.
His name is Andrew Schectman.
He is the founder of what is probably the world's best precious metals dealer otherwise known as Miles Franklin.
In this short interview, we didn't so much talk about whats going on in the market today (Ok I made him give one awesome 2018 gold investing tip at the end).
Instead we talked about how to spot a great gold and silver dealer if you happen to be just starting out with precious metals investing.
We also talked about why MINNESOTA is probably the best place in the world to buy your gold and silver from.
Finally, Schectman gives you his number one gold investing tip for 2018. Let's just say you're probably going to want to make a new purchase or two after you hear his tip.
Good Morning-
I moved to the tropical island of Puerto Rico to get away from the cold, dark Chicago winters and also take advantage of Puerto Rico Act 20 and Puerto Rico Act 22.
The Export Services Act and the Individual Investors Act.
In short, these acts allow you to drastically reduce your business taxes and totally eliminate your capital gains taxes on gold, silver, precious metals, stocks, cryptocurrencies, ETFs, mining stocks etc...
I wrote a nice little short read on both acts for Miles Franklin. You can read the full article here:
https://www.milesfranklin.com/puerto-rico/
When bitcoin was $200 it was still considered pretty much nerd money.
When BTC hit $1000 I got a lot of the "its a bubble, you're an idiot" comments.
But right around BTC $16,000 is when I think my inbox started to fill up with serious questions about the bitcoin and how to best get started buying the cryptocurrency.
The FOMO was strong.
FOMO = fear of missing out.
Bitcoin went up from there to almost $20,000 and many people bought in for the first time.
Well guess what?
Bitcoin crashes a lot. Its volatile.
This time is no different.
BTC crashed almost 70% down to about $6,000.
FUD took over.
FUD stands for "Fear, Uncertainty and Doubt".
My Facebook and Twitter feeds blew up.
I got many questions asking if people should sell.
I said if you're not a pro trader you must HODL.
Judging by my social media feeds I don't think too many new bitcoiners listened.
What does it mean to HODL or be a HODLER?
The term “HODL” or “HODLER”, refers to...
Mike Maloney just released a new video in his phenomenal series called "Hidden Secrets of Money". This video is called "From Bitcoin To Hashgraph: The Crypto Revolution" and provides an overview of how bitcoin and cryptos work.
You can watch it below. It is episode number eight in the Hidden Secrets of Money series. If you have time, watch them all.
Lots of Bitcoin is a bubble talk as we knock on the door of 2018
But Bitcoin bubble talk is nothing new.
In 2011 Bitcoin was in a "bubble". If you bought BTC at the all time high (ATH) of the 2011 bubble you would have paid $32 for one Bitcoin. By November of 2011 Bitcoin had crashed back down to $2.
In fact, Bitcoin has a "crash" on average of at least 30% once per quarter as this chart below from Mauldin Economics shows...
So does this tell you Bitcoin is a bubble?
It tells you Bitcoin is volatile.
In the "picture in the picture", it shows that there is a constant war going on between the forces of FUD and FOMO.
FUD = Fear, Uncertainty and Doubt.
FOMO = Fear Of Missing Out.
When Bitcoin is on a roll, you get the FOMO.
100,000 accounts being opened per day on Coinbase. Facebook posts praising Bitcoin from your neighbor who believes the Earth is flat. The price of BTC moves up quickly. (By the way, with 100k accounts per day on Coinbase opening up, what else do you...
Aha!
Here's a smart series of intro to bitcoin video lessons from the Khan Academy. Just watch it all the way through if you're still wondering exactly how bitcoin works....
https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking#bitcoin
Good stuff.
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