How Volatile is Crypto Currency – Is This A Safe Way To Invest? Hello Guys, I have to admit I have had a funny old week. Had some trouble with my eBay, to begin with, and this meant I was late posting some orders. Not an ideal situation but let me tell you what happened.
After I got those bits posted around 11:30 am I headed off to my local to watch the early game between Leeds FC and Tottenham. Not the result I was hoping for but anyway… I enjoyed having a few beers and watching the game – not going to lie.
I proceeded from there back to my sister’s house (Not the most ideal situation) and I decided I wanted to write a new blog on her laptop. It was not a great time to be doing this but I just wanted to come up with something. So ultimately I decided to write about my current situation with eBay.
This was my last post [You Can Read It Here].
In this post I totally broke the walls down for a website I never planned to be about anything else other that affiliate marketing and blogging tips.
The end result was a post about Ecommerce that actually recommended Affiliate marketing but also Ecommerce.
The idea still feels a bit strange to me now but now I am happy with this decision. In fact, this is what has led me to writing this new post.
Which was pretty much inspired by the news about Dogecoin after Elon Musks Appearance on SNL. (1)
It got me thinking…
How Volatile is Crypto Currency?
24 Hours Later…
I also watched a video in the meantime by Jeff Berwick ‘The Dollar Vigilante’. I am probably not doing my google rankings any favors mentioning this man. Personally, I think he is great but how do I put it – Jeff isn’t exactly the sort of person that the mainstream media and ruling classes want you to know about.
He talks about some very controversial stuff but he also seems to be bang on the money. Time and time again. About the latest trends in CryptoCurrency.
So, I was inspired by his video.
He recommended Monero and PirateChain as his top 2 investment tips. Also, he explained how DogeCoin in only one year grew by 20K%. From being worth 2/10 of $0.01 to +$0.40. So, if you spent $1 or $2 then you would have made a nice chunk of change now.
If only I knew then 😮
Anyway, on this same day, I searched for DogeCoin on Google, and actually, some very recent news was brought to my attention.
‘DogeCoin drops in value by 33% after Elon Musk SNL TV interview’.
Actually, I watched Jeff’s video before this again, and I couldn’t believe it. He said this would happen after reading one of Elon Musk’s’ tweets.
His exact words were something like “Hopefully DogeCoin crashes because then I will really be laughing”, and low and behold!
DogeCoin or dodgy coin. Yes very volatile indeed. One TV interview by Elon Musk and see what happens.
The question is will it climb back up to where is it was before? Will it go up even more? Or totally fizzle away to nothing? 🤨 At the time of writing this 1 Doge is around $1.25. Maybe I will kick myself later for not investing but just a TV appearance, even a tweet can totally change the course of a CryptoCurrencies value.
Update: May 17th One Week later Dogecoin is up to $1 USD > $2.05 DGC. Nice a little profit there 💲 IF only Binance accepted by Credit Card payment.
So, definitely volatile, and Elon Musk is definitely the puppetmaster. BitCoin hit 50K a couple of months back. Mostly, because Musks company invested 1.5 Billion in the figurehead CryptoCurrency. Since then he announced his Tesla cars would accept BTC and has just recently said he now won’t.
Both see a rise and dip in the value of BTC
I honestly, don’t trust this bloke as far as I can throw him but you see a trend right. How just a news report can change the trajectory of this kind of investment.
How Volatile is Crypto Currency – Is This A Safe Way To Invest?
It depends maybe how much you spend. Like any trading of currencies although DogeCoin at $1.25 each (as of May 10th, 2021). If you buy 10 or 20 coins it’s not a huge investment and let’s say it doesn’t grow by another 20K% but just 10K% that is still $12.5K potentially for $25. Which really doesn’t make volatile seem so bad.
Except you can not guarantee this will happen. It might, and it might even happen with other coins instead. Invest in a bit of each. Try even to earn some Crypto for free. In the general sense of the word, CryptoCurrency is the future
What If You Don’t Want To Buy Crypto
Invest in something else. I know this is kind of the same conclusion as my last post. Invest in training and tools to do affiliate marketing. You can even do affiliate marketing to earn crypto! If you are looking to get started with some free training there is actually only one place I recommend!
This also includes my own personal coaching. Once you sign up please add me on Facebook, and I will gladly help you every step of the way. If you don’t have Facebook you can also contact me in a number of other different ways.
I also have another platform you can join after Wealthy Affiliate that pays $20 just for completing the training. You don’t have to go this route but this $20 will cover your first month in WA as a Premium member.
Note: I have since learned this $20 will not be released till you reach a threshold with this other platform for $50 so scrap that.
Anyway you can join this platform it is called Traffic Dominators and you can make the other $30 by referrals or sharing links to the live training.
You will only need then to buy a domain. This is usually $13.99 but I can help you get yours for $0.99 and I will even show you how to transfer it over. In fact, I have written a guide on this website especially for this
How Volatile is Crypto Currency – Is This A Safe Way To Invest? As mentioned above Crypto Investment is a double-edged sword. The good thing about it is it can make you a lot of money but contrary to that it can also lose you a lot of money. It actually works in a way that your gain is someone else’s loss and vice versa.
However, if you look into investing in the right coins at the right time you have an excellent opportunity. To see your small investments Sky Rocket! The DogeCoin is a great example of this. Again as mentioned above if you bought 5 coins in April 2020 that would be $20,000 you would have in April 2021.
That is a huge profit but then if you bought 20,000 DogeCoin in April 2021 you would have lost $6,000 in its value a month later. This may change of course. For better or for worse but just be warned.
I would probably recommend listening to the Dollar Vigilante. You might not like everything he says but his advice on Crypto – he seems to really know his stuff. Check out his website here
Before I go. If you have read so far many thanks for your time. Anyone that you know that might find this information helpful please share it with them, and anyone else that might find this information to their benefit.
Great please drop us a comment below ⏬ if you would like to share your experience with DogeCoin, Crypto investment, or anything else shared in this article it would also be great to hear from you.
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