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Of the many games announced during THQ Nordic’s Showcase this evening, Space For Sale is the one that caught my eye the most, primarily because it looks a bit like Animal Crossing with aliens. In it, you play a small stubby astronaut who dreams of hitting it big as an intergalactic property developer. Man, they really took the phrase ‘colony sim’ to its literal extreme, didn’t they? Are we sure that isn’t Tom Nook under the helmet there? The proportions defintiely seem right, is all I’m saying. I just hope the rent you end up charging isn’t… astronommical. Sorry. Here’s the reveal trailer.
The Command and Conquer games are stone-cold classics, but it’s been a long time since we were treated to Tim Curry’s Anatoly Cherdenko rapturously talking about going to space. Thankfully, upcoming RTS game Tempest Rising looks like it’s poised to resurrect that special formula of crunchy real-time strategy combat interspersed with slightly cheesy FMV-style narrative cutscenes.
“Volatility and market decline are when the wealthy make their money, [sic] this is a buy time.” Mike Kosnitzky of Pillsbury Winthrop Shaw Pittman’s private wealth division.
Morgan Stanley and Bank of America’s double-digit increases in their loan divisions are the increase of wealthy customers borrowing against their portfolios (stocks, bonds, and securities). The increase by the Federal Reserve is a “buying” signal for the wealthy. They use the banks’ money to buy certain big-ticket items using their assets as collateral. Even if the repayment costs them (which it usually doesn’t) more, their net worth is intact.
I mentioned this a couple of articles ago, but let me show you what that looks like.
The cryptoverse offers an unparalleled opportunity for everyday people to change their life. It provides avenues to invest like the wealthy, earn passive income like the wealthy, and live comfortably, like the wealthy, without depleting your assets.
Of course, this is done on a smaller financial scale, but that is the point. Everyday, people can take the small amount they have (and with good counsel) and find a life they could only dream about.
The cryptoverse isn’t a get-rich-quick scheme (although fortunes can be made — and lost — quickly). Still, it is a realistic opportunity for everyday people willing to change their mindset and take a calculated risk while following a solid investment strategy.
The strategy that I am suggesting is a long-term strategy — 20–30 years. It isn’t some gimmick, hype, or a way for me to make a quick buck.
It is an opportunity for everyday people to think and act differently while changing their way of life.
Here are a few of the ways the cryptoverse offers that rewarding life.
It takes crypto to make money.
Like the early days of the California gold rush, crypto-millionaires were made because it was new and untethered. In all likelihood, those days are in the past, and such “moon-shot” (explosive growth in a matter of days) opportunities are rare. However, that does not mean everyday people are late to the cryptoverse party.
Taking your best possible investment, invest in one coin that allows staking. (Ethereum does, Bitcoin does not). As that coin grows, take small amounts of profit until you have regained your initial investment. Then you repeat the process. In the meantime, stake your investment, earning you a small amount of passive income.
Staking
Staking is as easy as following the prompts on the exchange that you bought your coin. Most exchanges provide this option, and a few clicks are all that you need.
Staking (usually) takes place in a staking pool, where (smaller amounts) your coins go to rest and earn you passive income. You receive a portion of the interest based on the amount you staked.
Staking is part of the proof-of-stake validation method (the Ethereum shift called the merge), where all transactions on the blockchain are verified and secured. This process adds an additional layer of security to the blockchain causing it to be less likely to be hacked.
The downside to staking is that your investment is locked (you cannot transfer it) while it is staked. However, using staking as a long-term strategy removes this risk.
Yield Farming
Yield farming is another way to earn passive income and operates like staking. However, because of the high risk, it is not something that I include in this article.
Dollar Cost Averaging
Dollar Cost Averaging is another way to grow your coins, giving you more coins to stake. The principle is simple. You determine the amount of money you will invest, determine how often you will invest this amount, and execute that plan without fail.
The coin’s current value is not considered using this method and is proven to be an excellent way to grow your investment.
The key to success in using this strategy is to recover your initial investment as quickly and safely as possible without lowering the value. For example, if you invested $1,000, cashing in $100 when it reached $1,100, you have not decreased your investment value of $1,000.
The strategy is slow and methodical (so do not be fooled), looking for future value.
Borrowing in DeFi
Your diligence, patience, and persistence have paid off. You have accumulated enough crypto assets to borrow against.
Decentralized finance (DeFi) loans are much like traditional bank loans but without the middleman (or person). It is a peer-to-peer transaction where you come to a platform (see below), agree on the terms, set up the smart contract governing the terms, freeze your assets, take the money, and begin your repayment agreement.
Granted, you will not have millions of dollars as collateral (like the wealthy), but you will have your investment intact (rather than depleted) after you have paid back your loan agreement.
Imagine how good you will feel knowing that your purchase did not “break the bank!”
At this time, here are a few DeFi loaning platforms:
Follow along as I learn; maybe you, too, will learn. Perhaps, together, we can explore the cryptoverse.
Disclaimer: I am an avid student of all things crypto. The cryptoverse caught my attention when COVID-19 captured the world and locked down the global economy. Since then, I have dedicated a portion of my time to learn about this currency — the currency of the future — and international business. As a writer, I have determined to journal my discoveries. I have chosen to write them in short, bite-sized articles to help anyone interested in learning about this space. These articles are not written in cryptoese or investments but easy-to-understand articles. I am not offering advice, simply the information I discovered on my unexpected journey into the cryptoverse. There could be something for the seasoned investor to glean from reading, but my focus is on the crypto-curious.
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The cryptoverse and everyday people: growing wealth like the wealthy was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
Samsung heir Lee Jae-yong — known in the West as Jay Y. Lee — has won a presidential pardon by South Korean president Yoon Suk-yeol, allowing the grandson of Samsung’s founder to resume leadership of the powerful conglomerate, Bloomberg reports. The pardon will be formalized on August 15th.
The presidential pardon is reminiscent of the two given to Lee’s father, Lee Kun-hee, who was convicted of corruption and tax evasion in 1996 and 2008.
“In a bid to overcome the economic crisis by revitalizing the economy, Samsung Electronics vice-chairman Lee Jae-yong, whose suspended prison term ended recently, will be reinstated,” the South Korean government said in a statement reported by the Financial Times.
The pardon is the latest turn in a…
Ring, the Amazon-owned home security company that’ll sell you a camera just as swiftly as it will give law enforcement access to that same camera’s footage without a warrant, is producing a television show that sounds an invitation to participate in the surveillance state. You know, as a fun family activity.
Deadline reports that Wanda Sykes has signed on to host Ring Nation, a new America’s Funniest Home Videos-style clip show from MGM Television, Ring, and Big Fish Entertainment, the production company behind Live P.D. Described as a “daily dose of life’s unpredictable, heartwarming and hilarious viral videos” in a press release, Ring Nation will feature footage captured on people’s Ring cameras presented in a way that’s meant to be…
Moonscars, an upcoming 2D action game from Humble Games, is looking like the closest we’ll get to Bloodborne for PC for a while yet. Humble and developer Black Mermaid released a Moonscars release date trailer following the game’s original announcement in March 2022, featuring an extended look at protagonist Grey Irma and the dark, brutal journey that awaits as she seeks to uncover the mysterious circumstances surrounding her birth and life.