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Old 06-10-2019, 04:46 PM   #1
mikesx4911
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Dropping Some Banking Knowledge

As many of you probably know I'm BIG into cryptocurrency eat, sleep, repeat it! I will even admit over 70% of my savings is in cryptocurreny lol. As adoption is starting to happen in our everyday lives cryptocurrency banks and loans are beginning to pop up. I wanted to share these interest rates with you take a look at the picture. Originally I only held Cryptocurrency in Celsius but than I got to thinking why do I keep my money in a bank account that gives me terrible interest and they use my money to make money... So I took most of my savings and I invested it into USDC. With a interest rate of %8.10 that is some good interest rates. I have a goal that I want to make $300 dollars a week in interest off this obviously requires a huge savings in USDC lol. But I just wanted to share this new tech./banking with you guys.

What is USD Coin?
USD Coin (USDC) is a type of cryptocurrency that is referred to as a stablecoin. You can always redeem 1 USD Coin for US$1.00, giving it a stable price.


(apologize if image does not show been having some issues)

https://celsius.network/
(website just in case image does not load)
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Old 06-17-2019, 02:10 PM   #2
Mr. Blue
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You have 70% just in cryptocurrency? As someone who also sees the benefits of investing, I've found it best to diversify my portfolio. Admittedly, I don't know much about cryptocurrency but that seems like a risky strategy.
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Old 06-18-2019, 07:57 AM   #3
mikesx4911
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2011 CBR1000RR
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Quote:
Originally Posted by Mr. Blue View Post
You have 70% just in cryptocurrency? As someone who also sees the benefits of investing, I've found it best to diversify my portfolio. Admittedly, I don't know much about cryptocurrency but that seems like a risky strategy.
Oh trust me it most def. is risky haha. I figure with great risks comes great rewards. I like stocks but do I hate how much regulation they have, how slow they grow. But I'm beginning to fall in love with stocks that pay dividends. But now I'm going after stocks that tie in with cryptocurrency. Like MoneyGram take a look at this article if you want a read. I don't think I have ever seen a stock in my life double in just a day! I'm waiting on the price to fall down some to buy some.

http://fortune.com/2019/06/17/ripple-moneygram-xrp/
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