Love it or hate it. It really doesn’t matter. Cryptocurrencies such as Bitcoin and Litecoin are disrupting the role of financial services in ways that big banks didn’t expect.
And it can replace your job and the skills you’ll need to be relevant in the next decade.
So Why are So Many Women in the Dark When They Hear the Words Cryptocurrency, Blockchain, and Fintech?
Most women are risk adverse. They’ll do whatever it takes to create a false idea of a safety net in order to protect their emotional sanity. Women are quick to dismiss ideas that don’t fall within the normal standards of living. And let’s not talk about opening our eyes to things that interfere with the plans we have created for ourselves. Heck no!
But times are changing, and we need to be able to quickly upgrade our thoughts and ideas – or risk being left behind.
Join us for the 2018 Great Wealth Transfer Challenge so you can understand the changes that are taking place and how you can capitalize.
What is Cryptocurrency?
Cryptocurrency is a digital asset that can be used as a medium of exchange or as an investment. It’s like digital money with cryptographic powers.
The most popular cryptocurrency on the market is Bitcoin. Released in 2009, Bitcoin is the first decentralized digital currency to go “mainstream”. On December 10th, the Chicago Board Options Exchange launched Bitcoin Futures contracts. On December 18th, the Chicago Mercantile Exchange will have its own bitcoin futures contract available.
And you’re probably wondering, “what the heck does all of this mean?”
Well, many people have questioned the credibility of Bitcoin and other cryptocurrencies. People have gone so far as to say that it’s a “legal ponzi scheme”.
Cryptocurrency is all digital, not governed by a central bank, and valued based on perception in the market. Some people love the idea and some people think it’s absolutely ludicrous. The launch of Bitcoin futures by CBOE and CME has been seen as a way to legitimize the currency in the marketplace.
Let’s see how this goes. Subscribe to careergoddessacademy.com for the latest updates.
How Can You Invest in Cryptocurrency?
When a reputable big four accounting firm such as PwC makes a public statement that they are accepting bitcoin for their professional services, you probably should take note and do your research.
Not only is PwC accepting bitcoin, they are also encouraging students to “buy bitcoin” in order to immerse themselves in the changes that are taking place in the financial services industry.
Representatives from each of the ‘Big Four’ global auditing firms were in attendance yesterday at New York’s Fordham University to discuss blockchain in the capital markets.
Subhankar Sinha, a Director in PwC’s FinTech practice, attended a conference at New York’s Fordhan University to discuss blockchain in the capital markets in February 2017. His words of wisdom were enough to help students pay off any debt that accumulated.
Sinha boldly encouraged students to buy and hold bitcoin and ethereum if they want to participate in the financial markets. According to Garrett Keirns, Author at Coindesk, the PwC Director gave students some advice that can change their tax bracket.
“Buy it with your own money. That will give you a tremendous dividend. You have to put yourself in uncomfortable situations. Have an open mindset.” Subhankar Sinha
If you still want to get a taste of the crypto market, you can test out the markets with as little as $100 (approximately $105 including fees) and you can use this referral link to get $10 free bitcoin. Need help? Contact us at blackcoupletravels@gmail.com. You don’t need thousands of dollars to get started. You just need to know the basics of investing and have at least $100 by your side to fully capitalize on the opportunity.
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Is it Possible to Lose Money Investing in Cryptocurrency?
Yes. It’s an investment. There are no guarantees in the cryptomarket (except taxes!) but there are certain steps you can take to mitigate your risk.
If you play the game of investing, you have to understand the rules.
Everything goes up and down. It just happens faster with bitcoin because the cryptomarket never takes a break. It’s open 24/7, even on holidays.
Nobody plays to lose. But you shouldn’t play blindly either. Make sure you educate yourself on the cryptocurrencies that you are investing in. Attend webinars that help you learn how to invest.
Just think of an investment like a woman who is PMSing. You don’t know if she’s going to swing left or right. But if you observe her frequently, you’ll have an idea of which moves you should make to mitigate anger.
Why Not Test the Waters?
As women, we have to constantly position ourselves to create endless opportunities.
Don’t be that woman who was too afraid to live. Don’t be that woman who is resistant to change. Don’t be that woman who is skeptical about everything she doesn’t know about.
It’s mind blowing to think a woman is more willing to go to a fancy restaurant and taste food that’s not good, but wait on the sidelines when investment opportunities are given to you.
Here’s the reality: the safety net that kept us warm a decade ago isn’t reliable enough to help us survive in the next decade. The economy is not stable as we think it is, and we keep ignoring the signs. The economy works in cycles.
According to my good friend investopedia, “The economic cycle is the natural fluctuation of the economy between periods of expansion (growth) and contraction (recession). Factors such as gross domestic product (GDP), interest rates, levels of employment and consumer spending can help to determine the current stage of the economic cycle.”
So every cycle means that a different strategy should be created in order to successfully operate within that cycle. Want to discuss strategy? Contact me at charlene@charlenerhinehart.com or blackcoupletravels@gmail.com for a strategy session!
“Don’t invest what you can’t afford to lose. Don’t be so afraid of losing that you never invest.” – Charlene Rhinehart
Ready to test the waters? Grab $105 and open a coinbase account. Coinbase is the most popular cryptocurrency exchange on the web right now. Use this referral link to get $10 free bitcoin when you purchase at lease $100 (subtotal).
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