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Steve Stanulis | How Cryptocurrency Inspired His Upcoming Movie

Steve Stanulis, a decorated retired New York City police officer and award-winning Hollywood actor/director, has recently taken to cryptocurrency and has used it to help inspire one of his upcoming films entitled ‘Red Money.’

We sat down with Steve to learn more about his thoughts on crypto, his upcoming films, and if he thinks the entertainment industry will start paying actors and other crew members with forms of crypto in the future instead of regular US currency.

What were your original motivations for getting into the entertainment industry?

My story is a bit unique, I was a former NYPD Officer with no aspirations of being in this industry. I then had the opportunity to work with Leo DiCaprio in 1999 after ‘The Titanic.’ I was introduced to that world and was immediately hooked.

When did you first become aware of cryptocurrency?

I first became aware of cryptocurrency since I am active in the stock market. My broker pitched the whole idea to me and I actually thought he was out of his mind when I was first approached with it. Like so many other times, unfortunately, I passed and shortly it then exploded into what it is today. 

You currently have a project in development called RED MONEY, that is based on the cryptocurrency world… why do you feel this type of story has to be told?

I’m really excited about this project! I believe it (the story) has to be told because right now it is so unique and relevant in today’s society. I definitely think it is the wave of the future.

What else about the project can you tell us?

Here’s a little glimpse/teaser: Basically, in one year from today, the President announces all money will be “red.”  Anything you turn in green you will receive back in red and failure to do so by a certain date will make all green money worthless; this causes massive chaos, kind of like ‘The Purge.’ We will be going into pre-production in early 2019, so stay tuned for all!

Steve Stanulis

Is there a form of cryptocurrency you support more than another type? And if so, why?

I am a big believer in Bitcoin. It is the biggest type of cryptocurrency and it currently has a 40% share in total in the cryptocurrency market.

Have you ever had to pay people, or been offered a form of crypto (such as Bitcoin) payment for something within your industry instead of the ‘regular US currency?’

I have not yet but I do believe in the very near future that could be a natural form of payment, in the entertainment industry and several others.

Do you feel in the future actors, directors, etc. will start accepting forms of crypto as payment?

I do believe at some point that will happen depending on where this whole cryptocurrency market/trend goes.

What is the best advice you have ever been given?

Don’t be afraid to fail!

Social media links:

https://www.instagram.com/stevestanulis

https://twitter.com/stvstanulis

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Crypto Accepted Here | Colin McIntosh Sells Bedding for Cryptocurrency

As the cryptocurrency marketplace continues to become more mainstream, various industries continue to adapt and begin accepting various forms of payment.

One such industry that has just started to adapt is the bedding one, where CEOs such as Colin McIntosh of Sheets & Giggles has started to allow customers to pay with Litecoin, Bitcoin, Bitcoin Cash, and ETH.

We sat down with Colin for an exclusive Q&A to learn more about his views on cryptocurrency, why crowd-funding websites should start adapting more, and why he chose to take charge in the bedding world on accepting such forms of crypto.

What was your original motivation for getting into the e-commerce and bed sheet world?

At my last company where I was on the founding team, I developed an expertise in sales & marketing of physical goods (which is kind of the opposite of a lot of other startup folks in their 20s—everyone focuses on software).

At that startup, we took two wearable tech products from crowdfunding concept to nationwide retail, and I ran our business development. So, when I started my own company, I really wanted a physical product that was my own brand, and I knew I could succeed on the marketing side if the product was strong.

I really wanted to enter a commodities category that was highly fragmented and largely traditionally physical retail so I could shake up the industry. Everyone wants better products at lower prices, but that’s not really possible when you’re giving a brick-and-mortar retailer like Bed Bath 50% margins on your product (which they demand in this category).

Based on my prior experience, I knew that we could undercut retail pricing in this category by 25-40%, and by doing so we could deliver a luxury product at an affordable (~$100) price. I also wanted something that had a good mission to get me out of bed in the morning (pun intended), as my last company had a really strong mission (it was basically a modern Life Alert, and we definitely saved a few lives).

The sustainability aspect of our eucalyptus sheets fit that bill, so I made the decision to move forward with sheets. Plus, Sheets & Giggles is about the funniest name possible for a bedding business, so I had to do something with the domain—ha ha 🙂

When did you first become aware of cryptocurrency?

Probably around 2013 thanks to Reddit. I reallllllly missed that boat!

What are your views on cryptocurrency, whether it be positive or negative?

I’m very optimistic about cryptocurrency in general. I think the mission behind decentralized services and currencies, in general, is worth backing, and worth getting excited about. I think that the effect it’s had on startup funding (ICOs) is a double-edged sword. Ignoring the obvious problem of scams, it’s amazing that unaccredited investors can ‘invest’ in some ICOs that they think are worthwhile, but some companies have raised amounts of money equivalent to their Series A through D in a single day. As a result, they start spending it like it’s a seed round, and it’s gone in 18 months without having shipped a product. Startups are supposed to be scrappy and smart with every cent, but large ICOs take away some of that urgency.

You are currently planning on offering Litecoin, Bitcoin, Bitcoin Cash, and ETH to your customers… what do you hope this expansion of currency will bring forth?

On SheetsGiggles.com, we just recently added the ability to pay in Litecoin, Bitcoin, BCH, and ETH. I decided that we’d take crypto payments after I emailed Bed Bath & Beyond one day in February and asked if they accepted Bitcoin. I got a pretty clear “no,” but they said they’d look into it (spoiler: they haven’t changed anything). I figured someone in the space should accept it, so I went ahead and added it to our site’s payment portal in order to expand the amount of essential everyday items that someone can buy with crypto.

Do you feel that sometimes cryptocurrency scares people off? Or with sites like Shopify making it easier, more people are able to adapt?

I think it absolutely does. I both like and dislike having each coin’s logo next to major credit cards and PayPal’s logo: on one hand, it’s nice to legitimize them as valid ways to pay for everyday items. On the other hand, I think it can be confusing for people that don’t know that it’s just another payment choice, and I have noticed a drop in cart completion with the addition of the coin logos.

We’ll monitor it for a while and make a final decision about if we’ll keep the crypto options long-term. People also have a misconception that cryptocurrency is only used for illicit goods and illegal actions, which is a frustrating stigma that I’d like to challenge.

Your products are not thousands of dollars cost wise to buy… so how do you figure you are going to incorporate cryptocurrency once you do start offering it?

Coinbase has a really simple plugin that allows people to buy products on Shopify-hosted sites with crypto, and then it pays the company in USD. It’s really straightforward, and I’m excited to get our first crypto purchase.

You ran a pretty successful crowdfunding campaign for your company… do you think cryptocurrencies should be offered as a way to contribute to the crowdfunding process in the future on various platforms?

I think that just like Shopify and Coinbase have worked together on an integration, Kickstarter and Indiegogo should add cryptocurrency as a payment option as well.

I do think that crowdfunding campaigns already suffer from a lack of legitimacy (some scams, a lot of inexperienced founders that don’t know how to deliver a product, and a decent amount of campaigns never ship anything), so the answer of ‘should we or shouldn’t we’ isn’t as straightforward as it was for Shopify.

Crowdfunding campaigns have worked hard to build and protect their legitimacy, so I think the biggest challenge with any integration would be the PR side of things.

What is the best advice you have ever been given?

1) Go out of your way to make people happy. It’ll come back to you in spades over the long term.

2) Before building a product, come up with a sustainable, profitable, long-term business model that leverages your personal strengths and skills. Then, build or adapt a product that fits within that business model. You’ll be much more successful than if you just build a product, and then try desperately to get people to pay for that product (most founders build the ‘thing’ and then try to build a business after).

Do you feel in the future other bed sheet product brands in your industry or stores that sell items like yours (such as Bed Bath & Beyond) will start accepting Bitcoin and other forms?

Maybe some of the startups, but definitely not BB&B! I literally have an email from them from six months ago that said they would look into it (spoiler: they haven’t).

Other startups in this space tend to have a more ‘serious’ brand than we do (I don’t know why; we’re selling bed sheets, not curing diseases or going into space). I think that as uptight as some of my competitors are, they might not work with cryptocurrencies until they’re faced with the prospect of losing money if they don’t.

Outside of work, do you trade cryptocurrency personally and follow it?

I’ve traded some coins… I don’t talk about it that much. Not that I’ve lost an embarrassing amount of money betting on the wrong coins, or anything. I follow it as closely as I can (mostly by subscribing to different subreddits). There’s just too much info out there to stay as informed as I’d like, so I stopped trading and just enjoy following the news now.

Where do you see Sheets & Giggles in five years from now?

I’ve said from day one that we’re building a pun-based bedding empire. I want people to eventually think about their bedding choice from a material and brand perspective, vs ‘which 300-thread-count cotton sheets are the cheapest?’ It would be amazing if in five years, people are Googling ‘eucalyptus sheets vs cotton’ before they decide to buy the same old thing that hurts the environment.

Anything else you wish to add on the subject of crypto?

I think it’s amazing how much crypto has changed the lives of some friends of mine. I have friends who have been able to pay off student loans, put down payments on homes, and have flexibility to start a business because they bought the right coin at the right time.

WEBSITE URL: https://sheetsgiggles.com/

TWITTER URL: https://twitter.com/sheetsgiggles

Written / Interview By Steven Goodman exclusively for cryptocurrencynews.com

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Jared Goetz Shares Cryptocurrency Ideas

Popular e-commerce entrepreneur and business owner Jared Goetz has made a career out of being ahead of the marketplace and adapting his companies to new trends. At the age of 21, Jared made his first million, then went on in the years to come to run other businesses that have made millions of dollars. He has been named one of the top entrepreneurs under 30 years old by both Forbes and Entrepreneur Magazine and now offers courses/coaching programs for other businesses/individuals who want to create e-commerce sites or Shopify storefronts.

Through his online and in-person educational courses, Jared has found himself once again ahead of everyone else, becoming one of the first “teachers” in North America to actually accept a form of cryptocurrency in exchange for education and knowledge. 

With Shopify taking orders via Bitcoin, and other e-commerce companies now adapting to new cryptocurrencies, we sat down exclusively with Jared to find out his thoughts on the marketplace and what future trends we may see…

 

What were your original motivations for getting into the e-commerce world?

I always was into having the latest and greatest gadget or product, so this led to me often having things that nobody had ever seen or used before. The reactions I would get for some items were so strong that I thought I should maybe start selling some of the things I was getting my hands on. I caught wind of the Canton fair in China, which is essentially the CES of wholesale gadgets. Once I saw the endless amounts of cool products I could potentially sell, I was hooked.

 

How long have you both been investing in various businesses?

I have been investing in businesses since I was sixteen. My friends and I were always trying to start new ventures and make money on our own. My spirit never changed, but the companies and events I was putting my money into got much more serious around age 21.

 

From making your first million in your early twenties to now being recognized as one of the top e-commerce entrepreneurs, what life lessons from your own journey of growth have stuck with you?

There are a lot, but the most important is to get started and don’t quit. So many people spend so much time thinking about what they will do next, instead of going for it and not worrying about being perfect. The best way to start something new is actually to start! Then, once something is started, it’s important to realize that things won’t be easy and will probably take time. It’s completely normal to have bad days, mess up and go about things somewhat wrong, but it’s all about picking yourself up and going just as hard the next day. Breakthroughs happen, but it takes persistence and patience.

 

When did you first become aware of cryptocurrency?

When Bitcoin first came out, I was intrigued by the possibility of a universal form of currency. Naturally, my business is global, so the fact that I could receive one currency across the board interested me. I did my homework and kept up on the industry essentially since it was first reported on.

 

What are your views on cryptocurrency, whether it be positive or negative?

I am a big believer in getting something started and not harping on perfection, but working to get there. I think crypto has surpassed the initial boom and is now in a refining phase, which is great to see. I have a favorable view of the concept but do think there are tweaks to be made, which is to be expected.

 

You offer online education courses that people can pay with Bitcoin for, making you one of the first to accept this form of payment for educational purposes… when did you decide you wanted to make this an option for your students?

After so many people invested in Bitcoin this past year or so, I knew that more places would start accepting it as payment. I am usually an early adopter, so I thought it would be worth exploring and trying for my potential customers.

 

How has the response been since allowing this form of currency?

It’s gone well so far and has gotten a lot of good feedback from people about this being an option. Most of my students still pay with traditional forms of payment, but we’ve certainly seen people take advantage of our Bitcoin option.

 

How important is education at all levels to you?

Education is critical – it’s essential to me. It doesn’t have to be formal education, but to be successful, you need to be continually expanding your knowledge of the industry you’re in, business, and life in general. If I’m not doing, I’m learning.

 

What is the best advice you have ever been given?

It’s not so much advice, but a book called The 12 Week Year, by Brian Moran. This book taught me so much about how to be productive and get work done that moves my business forward. I recommend it to almost every entrepreneur I provide advice to.

 

Will you be accepting other forms of cryptocurrency in the future?

I’m open to it. So long as the currency is reputable, I don’t see why not.

 

Do you feel in the future other educational institutes like colleges will start accepting Bitcoin and other forms?

Eventually, yes, but not for some time. I think crypto has a while to go before it reaches that level of stability. I could maybe see some online or small schools doing it before the bigger ones, but there is a lot of red tapes that already exists in big schools so I couldn’t see it happening anytime soon. 

 

Anything else you wish to add on the subject?

I have some cryptocurrency and am working to expand my portfolio slightly before year’s end. If I had one thing to add, I would encourage more retailers and e-commerce merchants to allow select purchases to be made with cryptocurrency. It’s forward-thinking adoption that helps move society forward!

 

SOCIAL MEDIA LINKS:

Facebook: https://www.facebook.com/Jgoetz12/

Instagram: https://www.instagram.com/jaredgoetzwhathewants

http://jaredgoetz.com/

Written / Interview By Sarah Kauffberg exclusively for cryptocurrencynews.com

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What is it? – Crypto Currency News

The rise of cryptocurrency was so sudden and widespread that before the world could realize what was happening, it was knee-deep in it.

Cryptocurrency gained extreme popularity due to its new-found status as an investment option, away from exchange-rate risks which come with all the other investment options. With such risks involved in cryptocurrency, the upcoming gold-backed cryptocurrencies are attempting to stabilize it to some extent and provide some security to cryptocurrency owners.

How does Cryptocurrency Work?

Cryptocurrency is not present in a tangible form since it is a product of blockchain technology. This might make one not take it seriously, but the unbeatable growth of cryptocurrencies, such as Bitcoin, is proof of why one should take it seriously.

Cryptocurrency functions are very different from those of fiat money. It is a digital currency, free of regulations created by governments and banks.

Knowing that cryptocurrency is completely decentralized encourages many to use it; but often times, that also becomes the reason behind the downfall of the currency as well as an increase in the risk involved.

There is no tangible structure of how cryptocurrency is made and as its creation depends on demand and supply.

The Uncertainty and Volatility of Cryptocurrency

Cryptocurrency is hard to understand and requires extensive research on the part of the buyer to safely purchase any form of it.

Apart from issues like losing one’s cryptocurrency wallet, being the victim of a hack, lack of proper legal assistance for retrieval, etc., there is an issue with the uncertainty and volatility of the cryptocurrency market.

The precise factor that drives the rate of cryptocurrencies is not always possible to point out. However, like most commodities in the market, its rate depends on demand and supply.

However, since the size of a crypto-market is much smaller than an actual stock market, a small movement of a given cryptocurrency can have a huge impact on its price.

The issue of the legality of cryptocurrencies is also concerning. Some governments deem it illegal because an alternate currency against the nationalized currency would mean huge problems for the government, not to mention the lack of income in the form of taxes.

Once cryptocurrencies started being perceived as safe havens for investments, it was only a matter of time until gold and cryptocurrency formed a relationship.

Furthermore, the gold market’s value or, simply, gold price is fixed at any given time and this is comforting considering cryptocurrency rates fluctuate without any explanation or set pace.

Gold is considered to be one of the most precious metals and a safe way to invest money and get results in the long run. Since gold is present in a physical form, it is much more reliable for the most of the population.

Several gold-backed cryptocurrencies are coming up and have started offering ICO’s (Initial Coin Offerings) to raise money for their startups. The ICO can be bought with fiat money easily.

This way, gold-backed cryptocurrencies aim at providing some sense of security to the owners for their digital money also has some value in the form of fiat money.

This is truly revolutionary as it bridges the gap between digital currencies and fiat money. However, this does not indicate any market relation between the two and neither is it going to affect gold prices.

How Gold-Based Cryptocurrency Works

In order to issue such a currency, a token or coin representing the value of gold is issued. The value of gold per coin/token can depend on the cryptocurrency itself.

For instance, OneGram- a new cryptocurrency based on gold, is setting up a floor price for all of its coins as the gold price of 1 gram of gold.

This gold is safely stored with a third party or can be traded with other coin-dealers/holders.

This ensures a minimum value of the token/coin as the value of this gold is based on the gold price of the day; so, even at a minimum, the coin will be equal to the current gold price.

Certain countries, too, are looking to issue their own gold-backed forms of cryptocurrency, since it offers a tangible reality earlier missing from cryptocurrencies.

In an attempt to move away from cash, China is developing its own cryptocurrencies. Since China is the world’s top buyer of gold and has been storing up gold in its bank reserves, it wouldn’t be surprising if this new cryptocurrency is also backed by gold.

Gold-Backed Cryptocurrencies You Can Invest In

Already, there are several companies offering gold-based cryptocurrencies to buyers.

Physical gold ensures that the value of these cryptocurrencies is stored in vaults in various countries across the world, depending on the token involved and the cryptocurrency itself.

These are some of the gold-backed cryptocurrencies being offered on the market right now:

  1. Lionsgold
  2. OneGram
  3. Goldmint
  4. Xaurum
  5. Gold Coin

Other crypto-currencies are in the process of being started off and are offering pre-ICOs (a token sale offered before the official ICO campaign or crowd sale), which can help investors and buyers make quite some money.

However, it is crucial to do proper research before one makes an investment in these cryptocurrencies.

  1. Golden Currency
  2. GoldVein
  3. GoldMineCoin

How to Buy Gold-Backed Cryptocurrency

Bitcoin and Ethereum are two major cryptocurrencies that are being used to buy alternate cryptocurrencies.

To buy any gold-backed cryptocurrency, it is essential to have a stash of Bitcoin or Ethereum first.

Different platforms and cryptocurrencies have their own requirements of what is needed to make a purchase, depending upon the token and what it runs on. Usually, Ethereum is used for this purpose.

In order to buy Bitcoin or Ethereum, fiat money can be deposited at crypto-exchanges. It is important to use only trusted and approved crypto-exchanges for this purpose.

>> Check out these 10 Crypto Exchanges

What to Take Away

Cryptocurrencies have been popular and feared at the same ever since they came into being, but using gold to back cryptocurrency is sure to make them a much more reliable form of currency.

The development and success or failures of the many upcoming ventures of gold-based cryptocurrencies are much-awaited in order to see the fate of this new form of cryptocurrency.

It is important to be well-informed before investing in a cryptocurrency, since most people lose money without understanding what exactly happened.

An understanding and proper knowledge of the crypto market is necessary to venture into the world of cryptocurrency; once done, it can yield unbeatable results and have many other advantages as well.

Featured Image: depositphotos/ maximsamos

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Super Model Kennedy Summers Finds Love In Crypto! – Crypto Currency News

Kennedy Summers was crowned Playboy’s Playmate of the Year a few years ago, but what people may not think is behind all that beauty, is a ton of brain which has become addicted to the world of crypto. 

These days, in between studying to become a doctor and modeling, Kennedy trades and has used her social media platforms (which have millions of fans/followers around the world) to help others out with various crypto & trading tips.

 

We sat down with Kennedy to hear some of her tips and why crypto has become a true love in her life away from the modeling scene…

 

What were your original motivations for getting into the modeling world?

I got into modeling when my mother enrolled me in etiquette classes in middle school.  The woman teaching me also happened to own a modeling agency, and it all just kind of took off from there. I’d never even considered it!

 

You are also now a day trader… how did you find your passion for trading?

Weirdly enough, I was hired by an online trading school to give a presentation to a bunch of traders in Times Square, and they offered me a choice: they would tell me what kinds of things to say, or they would let me take their classes for free and teach myself before the conference.  I decided that knowing how to read stock charts is a really important skill, and I’m also really opposed to doing anything halfway, so I went for the classes.  I could just imagine standing on stage and giving my speech, and then being asked a question about something I’d never heard of, before staring blankly back into the crowd like a deer in headlights! It wasn’t going to work for me.  Luckily, my grandparents actually taught my brother and me how to invest in stocks when we were little kids, so I was a little bit familiar with charts.  Learning how to day trade was a whole new animal, though–and a whole lot more fun!

 

How long have you been trading?

I started in 2015, so three years now.

 

When did you first become aware of cryptocurrency?

I got my first Bitcoin in 2015, and I’d had a couple of buddies in college who were into it.  

 

What are your views on cryptocurrency, whether it be positive or negative?

My views on cryptocurrency are positive; I think as we shift more and more into a digital world, we’ll realize, as a whole, that currency shouldn’t be an exception to our newfound convenience.  Each currency offers unique features that paper currency cannot, such as privacy, security, and instantaneous international transactions.  The premise of paper currency is already dated–we’re already using plastic these days, and I don’t know anyone besides my washing machine who is remotely interested in heavy, metal coins.  I foresee us evolving beyond plastic in the near future, too.  I don’t see how something that’s still so losable and steal-able could be considered a long-term alternative to primitive cash, which shares those exact problems.  I also suspect that we’ll be seeing more countries create their own cryptocurrencies. 

 

Which future trends in the crypto-world do you feel will happen?

I think that we’re early in crypto, still, especially when it comes to alts.  Bitcoin, although it has already skyrocketed, has set an incredible precedent for the right alts.  It’s fought the battle of acceptance and breaking into the mainstream for them, and hopefully, we’ll only be seeing advancement in the crypto world from this point. I don’t, however, think we’re going to be on a steady train uphill; I think we’re going to see a lot more volatility as things build up towards the year’s end.  I’m expecting most of my coins to stay on the lower side this summer, which is fine for the ones I’m HODLing.  I do have a couple I like to pop in and out of as swing trades and day trades, though, and I’d like to see a lot of volatility in those ones. 

 

What is your process of researching certain stocks or currencies you want to invest and/or buy into?

I keep up with crypto news on one of my favorite platforms and a couple of crypto news sites.  Then, I’ll hop over to the review the appropriate candlestick charts (they’re the easiest way to understand a current or potential asset, in my opinion), before checking out the tapes.  A lot of people ignore the tapes (the bids/asks and order executions), but I think that’s where a lot of them get tripped up. You need to know whether those big orders you see on the depth chart are going through, or if the market makers are just posting them in an attempt to shake out some weaker hands and obtain more coins at a lower price. Sometimes, volatility is real, and sometimes, it’s a result of the market makers.  It’s important to make sure you can tell the difference.  I also like to go through Reddit forums and Tweets to see what the general sentiment towards something is: are people buying or selling? are there a lot of rumors out right now? has the CEO done X, Y, and Z lately, to ensure a timely release of the main net? have they been hacked? It’s basically that old adage: “buy on rumors, sell on news.” 

 

What is the best advice you have ever been given?

That’s easy–to practice with real money.  You can “paper trade” all you want, but until you’ve got actual, legal tender invested in something, you’re not going to appreciate what that kick in the gut feels like as you watch one of your coins fall over a dollar in one day.  You’re also not going to know how you’re going to react to it.  Are you someone with a temper?  Can you handle a bit of stress, or all you all capped-out on drama lately?  You won’t know unless you’re forced to take it seriously, which is a mistake that I made when I was first learning.  I’m not suggesting that you should practice with an entire Bitcoin, but I’m suggesting that you put a hundred bucks or so into a trading platform to actually learn how the system works.  You have to learn how to handle volatility and govern your emotions before you toss 30% of your savings into this market, or else you’re going to lose everything.  You have to be motivated to research the coins and treat them like any other investment, which is hard to do when you’re playing pretend.  Crypto is a dangerous game, even for those of us who know and love it.  And, it’s a real investment that takes time, knowledge, and research–it’s not a Vegas slot machine.

 

Would you say you are addicted to the crypto market these days?

I love crypto.  I’ve made a lot of money in a short time off of crypto but so did a lot of other people.  I definitely enjoyed the rush we had in December-January, but the subsequent tumble was a good reality check for everyone, myself included.  I do my best to keep my emotions out of the game because I’ve read about so many people who have lost so much by making hurried decisions.  I try not to let the highs and lows influence logical trading, even though I sincerely love the volatility.  As a safety net, I keep some of my money in a trust, because I don’t ever want to be up a creek without a paddle.  Obviously, I don’t foresee this happening, or I wouldn’t be investing, but I’m thankful for the extra security and stable dividends.  I’ve learned to never put all of my eggs in one high-risk, volatile basket. 

 

Cryptocurrencies or stocks…which is more intriguing to you?

I’m more interested in crypto, which also has a bit to do with convenience.  I live in Los Angeles, so waking up for premarket on a daily basis is really hard.  Plus, the stock market is only open from 9-5, which means 6 AM – 2 PM in LA.  The hours aren’t ideal here, because you still need to do research before the 6 AM open, and, potentially, even before the premarket opens, if you like to trade then (which I do).

The thing is, when you’re day trading, the only hours that are really volatile enough for big profits are 8:00-9:40, and then ~3:30-4:50.  There’s not much going on during the day, except in special circumstances like big announcements, mergers, or a scandal.  If you miss those windows, particularly the morning one, you’re not likely to have a successful day.  

Crypto, on the other hand, trades 24/7, from my living room, anytime I want.  If I’m reading about crypto and I’m like, “Oh, I should drop X,” I can just do it.  There’s no waiting.  The only thing I truly like better about trading stocks is Tradestation–and I’m not even being paid to say this.  I just sincerely wish that they would come out with a crypto platform because nothing I’ve used for crypto trading even comes close.  Their interface is so customizable, and you can make it really cater to YOU, which is something that we haven’t seen yet on our usual crypto platforms. If anyone from Tradestation sees this, we need serious help over here! 

 

Bitcoin.. what are your views on this hot topic currency?

I believe that Bitcoin is here to stay, and the price will continue to rise.  I wouldn’t day trade it, for sure–it’s a HODL.  I think things are tricky right now for a lot of alts, but Bitcoin has become the gold standard of crypto: even people who don’t know what cryptocurrency is have heard of Bitcoin!  I think that, even as alts continue to surface that are faster, better, and more fill-in-the-blank than Bitcoin, we’re still going to have Bitcoin. I see Bitcoin’s long-term future as the “gold” of cryptocurrency–likely being used as a gauge for the value of alts, rather than as our go-to coin for actual transactions.  I don’t see this being an immediate shift, especially because Bitcoin continues to fork and evolve, but I think its longterm future is different than what we’re using it for, now.  I don’t think we’ll see the end of Bitcoin as long as cryptocurrency still exists–Bitcoin created this world, and everyone else is just living in it.  Of course, they’ll be the standard.  

 

Have you ever been offered a form of cryptocurrency for any work jobs?

I have!  I’ve been offered coins as part of ICO marketing deals, but I haven’t found a company that I’m ready to endorse publicly, yet.  I don’t want to give endorsements of coins if I’m not willing to invest in them myself, even though they offer to pay well.  We’re all in crypto to make money, and I’d rather people respect me in the finance world than watch me make my money by losing theirs.  

 

Do you use Bitcoin or other forms to pay for items in your everyday life, such as travel or investments?

I used some profits from ICX and XRP to pay for two trips to Europe this year!  So far, my crypto profits have taken me to Sweden, Denmark, Iceland, France, Monaco, Italy, Greece, and Switzerland!  I keep most of my crypto on my Ledger Nano S, locked in a safe, so I’ll usually just reach for plastic in my daily life.  I did notice that websites like Craigslist have started accepting crypto as payment, which is pretty cool.  I think it says a lot to see crypto being listed as a payment option because it shows mainstream adoption–which we need to keep crypto alive.  I’m really curious to see what’s going to happen with Ripple and Apple, because that’s really going to move crypto into the hands of people who would have otherwise never touched it.  

 

Anything else you wish to add on the subject?

I’d tell anyone who’s just starting out to do their own research.  Do not, under any circumstances, blindly follow the advice of someone who said something online, somewhere.  Being on the internet does not make anything factual.  Check and recheck your sources, and utilize your resources.  There are so many great apps and YouTube videos out there–don’t be afraid to use them!

 

Big thank you to Kennedy Summers for taking time to talk to us. Let us know what you think of her interview in the comments below!

 

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