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The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

The crypto market continues to evolve at a rate that seems almost impossible and yet it encompasses almost everything fr...
10/04/2024

The crypto market continues to evolve at a rate that seems almost impossible and yet it encompasses almost everything from Bitcoin to Bored Apes but the one thing that it is missing is education. What you learn today could be outdated next week. I recently joined Project 2033 - a 10-year commitment of on-going crypto education updated in real time and is as dynamic as the crypto space itself. Done by professional instructors and broken out into easily digestible video learning "crypto chunks" that even my short-term attention span can learn from. Beyond the growing list of instructors is a growing community of like-minded crypto enthusiasts looking for a space to learn, collaborate, and pivot together as needed as this space matures which I guess ultimately is what cryptocurrency was intended to do. Bring the impossible to all of us.

Here is a link to a 2-minute video highlighting the course and community –

An A to Z, all-inclusive crypto course in one convenient location!

Crypto Investing – Hope is not a strategy but Dollar Cost Averaging is! I started in outside B2B sales over 25 years ago...
13/11/2022

Crypto Investing – Hope is not a strategy but Dollar Cost Averaging is!

I started in outside B2B sales over 25 years ago long before we had smart phones and apps to tell us where to go and remind us what to do. My first manager was hardcore and lead a group of twenty somethings Monday thru Friday on the journey of sales. He always had a one liner to get us motivated by making us laugh but ultimately to teach us a lesson. I remember there was always one particular line he would say if it was approaching the 9:00 hour and our motley crew didn’t have our day planned out. He would say “Hope is not a Strategy.” I use to laugh and head out to the field thinking I have a strategy hit my quota. Years later I realized that small one line had such a big meaning not only in sales but also investing but really just about everything but let’s stay on the investing part because that’s what you’re here for.

What is Dollar Cost Averaging (DCA)?

Dollar cost averaging or (DCA) is a strategy of purchasing an investment in which the investor spreads out their purchases so that the total price paid has no correlation with market timing, events, or emotion. Things that can even challenge the most experienced investor. You simply invest the same amount of money at the same time intervals regardless of price. Sometimes whatever your buying is on sale sometimes it’s not but regardless the investment is made.
If you participate in your employer’s 401(k) or similar type program you are already dollar cost averaging. Think about it, the investment is made every time you get paid regardless of the market and it’s probably right around the same amount or percentage each time you get paid. Congratulations your using the power of DCA!

What are the benefits of Dollar Cost Averaging?

• The average amount you spend on investments can be reduced through dollar cost averaging.
• If done properly you can automate the process basically a set it and forget model taking out emotions or (FOMO) Fear of Missing Out.
• It supports the habit of consistently investing in order to accumulate wealth over time
• DCA completely removes trying to time the market or “catch the falling knife”
• It’s a strategy that you can use time and time again for all types of investments
• It can be used with new or seasoned investors if time or any other reason you need to automate
• You can always pause, stop, or pivot if needed for whatever reason so it’s flexible and fluid

Why use Dollar Cost Average in the Crypto market?

Cryptocurrency in my opinion is the crown jewel for dollar cost averaging. It’s a market that never closes and it can change literally in an instant. How many times have you gone to bed and woke up the next morning only to find out that Bitcoin spiked 20% and you forgot to buy or the other side of the “bitcoin” and you bought only to find out it dropped 30% and you’re like why didn’t I wait. Guilty as charged on all counts. Dollar cost averaging although can’t stop those sleepy bad decisions definitely makes you feel better because if you’re a DCA investor the ups and downs aren’t as emotional or really even noticed. You almost become numb because you know at noon your buying $5 worth of bitcoin everyday regardless of price and it’s only 5 bucks. It’s less than a latte from my favorite mermaid. Whatever. I’m going to bed.

How I Dollar Cost Average?

There are many platforms that offer some type of DCA service. The only downside of dollar cost averaging with crypto investing can be the fees especially if you buy daily like I do. I have found a work-around option. I use Robinhood for both crypto, ETF’s, and stocks that I buy on the regular. It’s simple to set-up and there are zero fees. So, if you want to buy $1 a day of Bitcoin you get a $1 of bitcoin every day. I actually buy $5 everyday 7 days a week at high noon…makes me feel like a gunfighter.
Robinhood connects right to your bank account so if your unfamiliar with crypto wallets and the blockchain that won’t be an issue yet. Once you accumulate enough to be concerned and understand the phrase “Not Your Keys - Not Your Crypto” you can transfer to a cold storage wallet such as a ledger to store offline but that’s an article for another day. Really, I’ll write an article about that soon.

I hope this article at the very least gets you thinking about your strategy and using time as leverage rather than emotion. Always remember - Hope is not a strategy!

Here is my referral link for Robinhood if you would like to explore the platform. If you sign up we both get to pick a fractional stock reward usually $5 to $10 …free latte!

Link: join.robinhood.com/quintok1

Please note that this is not financial advice just sharing my investment journey. I am not a registered investment, legal or tax advisor or a broker / dealer. All investment financial opinions expressed here are from my personal research and experience and are intended as educational material only. Please do your own research. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended error and misprints may occur. I have personally invested with Robinhood.

For the latest news and headlines for all things crypto visit www.iqcryptonews.com

Peer-to-Peer Alternative Lending Platform (USD or Crypto) up to 14% APR!Update 11–18–2022. MyConstant released the follo...
31/10/2022

Peer-to-Peer Alternative Lending Platform (USD or Crypto) up to 14% APR!

Update 11–18–2022. MyConstant released the following statement on there website “MyConstant is unable to continue to operate our business as usual. As such, we’re pausing customer withdrawals as allowed under our Terms of Service. No deposit or investment request will be processed at this time. For further questions, please feel free to contact our Client Success team.” My investments are still on the platform earning but I am unable to deposit or withdrawal. I sent a request to the Client Success team for a call and will update when I have more information. Thank you.

I get a lot of requests on www.iqcryptonews.com from subscribers asking me for some of my favorite alternative investing platforms. Today I wanted to introduce you to one of my favorites.

MyConstant is a multi-market peer-to-peer lending credit platform based in the US. It offers multiple investment products based on your needs with interest ranging from 4% APY to 7% APR (and up to 14% APY) if you deposit crypto. You can lock your money away for 1–6 months for the best rates or choose anytime-withdrawals for flexibility. There are no fees, 24–7 customer support across email, telephone, and social media. MyConstant also provides a free library of resources to achieve your financial goals, fast. Below is a quick overview of the three products I will review today -

#1 — INSTANT ACCESS OVERVIEW

BENEFITS

4% APY, compounded and paid every second
No fees
Anytime withdrawals
Minimum investment just $10
No maximum investment limits

Instant access is MyConstant’s anytime-withdrawal investment account. It pays 4% APY on deposits and you can withdraw anytime for free. If you want to earn a bank-beating rate on your money, consider instant access as your flexible investing alternative. You get 50x better interest than a savings account without locking in your money. Instant access works by investing your money in collateralized lending pools from which borrowers can get loans in return for interest. As such, it’s not a savings account, and is not FDIC-insured. However, it offers the convenience of a savings account with anytime withdrawals and a much better rate, so it could be an ideal way to diversify your investments.

#2 — CRYPTO-BACKED

BENEFITS

Up to 7% APR
Flexible terms 1–6 months
No fees
Collateral-backed
Minimum investment $50
No maximum investment

Crypto-backed loans is a P2P lending product that pays up to 7% APR on fixed terms of 1, 3, or 6 months. When you invest in Crypto-backed, your money funds a lending pool from which borrowers can get loans in return for interest. Borrowers must put up 150–200% of the loan amount in cryptocurrency as collateral to secure the loan, which is sold to repay you if they default or their collateral value falls to a threshold. With flexible terms and up to 3x the interest of a CD, Crypto-backed offers a reliable alternative investment in challenging times. Given all lending is backed by cryptocurrencies, the risk of loss due to borrower default is lower than unsecured P2P lending platforms. MyConstant carefully selects which cryptocurrencies it accepts as collateral to ensure they can be sold at a moment’s notice. Their lending model has not failed them yet, with no investor losses since launch in early 2019.

#3 — CRYPTO-LEND

BENEFITS

Pays 14% APY on USDC and USDT
Pays 4% APY on BTC, ETH, and BNB.
Interest compounded and paid every second.
Unlimited free withdrawals.
No minimum investment.
Available worldwide (non-US currencies converted to USD).

Crypto Lend is MyConstant’s anytime-withdrawal investment account for cryptocurrencies. With Crypto Lend, you can earn interest on your crypto 14% APY on USDC and USDT (maximum value of $20,000. Anything above $20,000 will see 4% APY return). You can also earn up to 4% APY on Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) and others by supplying liquidity to lending pools and exchanges. Your interest is paid and compounded every second in the same cryptocurrency you use to invest, and you can withdraw anytime for free. MyConstant has also capped investments at $3M to ensure it can cover investor losses in cases where it or its partners are at fault.

ADDITIONAL BENEFITS

No fees (investing, depositing, transferring, and withdrawing are all FREE).
24/7 customer support across email, telephone, and social media.
A vast library of investor resources to help get the most out of their platform.
A fully-featured iOS and Android app.
All fiat currencies accepted (though are converted to USD upon reaching the platform).
Available worldwide.

CREDIBILITY

MyConstant is rated 4.7 stars out of 5 on Trustpilot (1,509+ reviews).
MyConstant uses Prime Trust, an accredited US financial institution, for almost all cash management. This means MyConstant rarely takes ownership of your funds, reducing custodial risk to you.
MyConstant has featured in many prominent finance and tech publications, including Forbes, Inc Magazine, Entrepreneur, and Zero Hedge.

SUMMARY

I have been using the platform for well over a year. I have had no problems with deposits or withdrawals. I have reached out to the staff on numerous occasions via phone, chat and email and always received great customer support. If you’re interested in learning more and seeing if the platform meets your investment needs they are currently offering a free $4,000 trial investment account. You earn 4% APY for 15 days and the interest is yours to keep (but not the $4,000). Click on the link below to learn more and start your journey and see how rewarding collateral-backed lending can be.

Referral Link: https://tinyurl.com/y7xac8fa

Please note that this is not financial advice just sharing my investment journey. I am not a registered investment, legal or tax advisor or a broker / dealer. All investment financial opinions expressed here are from my personal research and experience and are intended as educational material only. Please do your own research. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended error and misprints may occur. I currently have investments on the MyConstant platform.

For the latest news and headlines for all things crypto visit www.iqcryptonews.com

The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

Bitcoin - bear or bull?
29/10/2022

Bitcoin - bear or bull?

Bitcoin price has remained around the $19K price for the previous few weeks, leaving crypto investors in a state of skepticism. The crypto market’s downturn

Sharing a great investing tool for passive income...check it out.
09/10/2022

Sharing a great investing tool for passive income...check it out.

Invest in U.S. real estate rental properties with $50 in 5 minutes. No lock up periods and receive rent daily. Lofty is the easiest way to invest in real estate. Discover how to buy fractional real estate at Lofty.ai

15/09/2022

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