Can $50 change your life?

First off,

I am not a techie person, so I am generalizing what I have been learning about Crypto currencies.

Also, I was NOT a fan of Crypto currencies UNTIL recently! 

I remember about ten years ago when I first heard about Bitcoin!  My thought for many years was that Bitcoin was a crazy idea, because you had to mine it (use computers to create algorithms) to create said coins. The more Bitcoins that are mined, the more expensive it gets to mine them due to more computer time needed to MAKE them due to more complex algorithms being used for each new coin! Now from my understanding it takes on average over $4,000 of electricity to make one coin. This sounds insane to waste that much electricity to create an electronic entry!

People started buying this Bitcoin for under 10 cents each back in the early days, now they are about $44,000 EACH, and has gone as high as $60,000 plus!

Does this get your attention now? Since Bitcoin has come out about a decade ago, thousands of new types of Crypto coins and tokens and NFT’s and other electronic means of trade have been developing.

The US dollar USED to be backed by Gold and Silver. Ever since 1971, the US dollar has been backed by nothing.

Why is a one dollar bill worth 100x times more than a $100 bill, since they both cost about 4 cents to make?

Our current money based system is now a FIAT system, meaning that nothing tangible is backing the money we print, that is, nothing but faith that we can trade our paper or digital dollars (in our bank statements) for goods and services!

Today our Government spends TRILLIONS of dollars a year, MORE then what it brings in for taxes! How is this possible? Well our Government just electronically adds more zero’s to it’s accounting ledgers as needed. After WW2 the US dollar became the worlds reserve currency, due to the might of our Nation, a Nation that the world respected and felt safe with.

But now things are rapidly changing in the world, and foreign Nations are now abandoning the US dollar. The world knows that the USA can never repay the amount of FIAT currency that has and is being created! In reality the USA has been bankrupt for years, it will ultimately fail and become a very scary place to be, until things get turned around if ever!

Note also, that almost ALL of the main Governments around the Planet are doing the same as what the USA is doing in regards to fiat currencies. They are going all-in on destroying their currencies through inflation!

This leads back to Crypto currencies and tokens etc….

The young people of today are sick of the status quo of what’s going on with the Governments. They do not trust the system anymore! These young people are really getting into the different Crypto currencies that are, decentralized and are some what out of the control of Governments. Now many merchants both large and small are excepting some of these Crypto’s for payments of goods and services.

The more places that start to accept payments in Crypto’s the more popular they become. Now even a few countries are using Crypto currency as the defacto payment method. Many young people are starting to use pier to pier transactions, completely bypassing the banking systems!

While Bitcoin is the big dog on the block still, many up and coming new Cryptos are gaining rapidly.

I am still a newbie in Cryto’s but was just notified that a type of Crypto was just added to the COINBASE exchange!

Coinbase is one of the prominent exchanges for Crypto currencies!

This new Crypto on Coinbase is called: Shiba Inu (SHIB) each coin is currently about .0000075 cents each. Which means currently you can get over 6 million coins for $50. While there are a vast amount of Shiba created, it is a unique concept.

For example, if Shiba just gets to 1 cent, your $50 would turn into $60,000, it’s allot like what Bitcoin did!

Just thing of dropping a few hundred dollars on Shiba, then ignoring it for a few years, maybe you will get a good shock at how much it is worth in the future, maybe not!

If you have never thought about Crypto currencies, I think it is something that is not going away and will become much more popular as a way to do transactions in the years ahead. It’s fun to do research on different Crypto’s and as always, diversification is important. Buy different crypto’s along with some Gold, Silver, land, ammo etc…

The above is not financial advice, it is just my opinion!

Enjoy these wild times and good luck.