Crypto: A Dish Best Served Cold
When it comes to crypto I always compare it to a Pusha T single. You know that it's high quality and the news alone will shake up the game. But there’s just something about it that leaves you uneasy about it. Will this really last forever? How much of these are real and how much of it is a facade? And one other thing is that either you hate it, or you love it. There’s no in-between. These similarities continue with Pusha T’s latest release “Diet Coke”.
”Yesterday's price is not today's price!”
A snippet of Pusha T rapping the unreleased track in the studio sent Twitter ablaze. There’s nothing like a new Pusha T track when it hits the streets. It’s like the D-boy era is back. Just like with crypto. Whenever any news about crypto drops. The prices go up. But they also can go down. Or as a Fat Joe sample yells in the beginning of the track, ”Yesterday's price is not today's price!”. That’s the nature of crypto. Volatility at its purest. The prices go up and down similar to how Pusha T explains coke prices in the streets. Checking CoinMarketCap can become an hourly ritual to the day traders and hedge fund managers who must deliver. “The number on his jersey is the quote price.” The numbers on CoinMarketCap tracks the price of each cryptocurrency and lets buyers and sellers know what’s fair market. But people quickly learn that all ain’t fair in love and crypto.
If you can get it cheaper somewhere else why not go? But be careful to not let the jackers know where your stash is. In the crypto space this means don’t let the hackers know where crypto is. Because although crypto is secure. The place where you stash your coins may not be. Mostly we’re talking about a Crypto Exchange. A Crypto Exchange is on the web. It’s the traphouse for some in the game. But if you trap (i.e., buy and sell crypto in the same place you keep your coins) be careful that somebody else is not watching. And don’t let your only defense be the front door. We say front door because it’s the easiest to enter when welcomed. Just like a front door the exchange welcomes people but some front doors only have a padlock to keep your house safe. And if somebody really wants to get in a padlock ain’t gonna stop them. For an exchange that means cybersecurity protocols won’t either. Big news hit in 2014 when Bitfinex a crypto exchange was hacked for over 60 million in crypto which today is over 4.5 billion. The stories do go on and on as billions have been stolen from crypto exchanges all over the world. You learn that owning crypto ain’t as easy as they say it is. You learn that when there’s a warm meal everyone has a plate right?
“Missy was our only missdemeanor”.
What’s the answer? Pusha T shouts it twice in his track “Missy was our only missdemeanor”. Meaning the only way to truly not get caught up with your coins gone in a billion-dollar hack is to put your crypto into what’s called a cold wallet. What’s a cold wallet? You can Google search what it means and get the exact wording. But my definition is that a cold wallet is a physical device (usb-like in most cases) that is used to store your private keys to where your crypto currency is kept, that is completely offline (aka ain’t no hackers gonna be able to access it.). There are some that use Bluetooth, but we want this crypto cold. Not luke-warm. The advantage is that it’s offline. But what if you get robbed walking down the street with your cold wallet? These devices can help with that. Just put in a special password and Voila! A separate account with a smaller amount of crypto can be accessed for the robbers to take a smaller amount and not the whole pie. Pusa T says “You ordered Diet Coke, that's a joke, right?”. The robbers thought they were getting the whole pack. They got the pack that was stepped on. Aka. They didn’t get the good crypto or the account that is really gonna make you money.
So you might be asking which one to get? I’m not a financial adviser or a fiduciary so do your own research. But if we was on the block and I had to give you an opinion I would go with the Ledger Nano S. (Make sure to get it new from the website and not sites like ebay. People like to put viruses on those) Why? It’s the cheaper option. Just at $59.99 you can test the cold wallet out and see if you like it. It’s completely offline. No internet. No Bluetooth. Just plug-and-play. Also there’s numerous videos and tutorials to help you. Plus it’s discreet. And let’s not forget about the secret account to throw off the robbers.
If you want to buy the Ledger Nano S here’s a quick link to get one:
Ledger Nano S | Ledger
"Imaginary players ain't been coached right!"
When it comes to crypto there’s a lot of people just jumping in looking to get rich quick, But few realize that getting rich also means that you are defensive as well as offensive. And a real coach will tell you that being defensive minded helps you manage your risk. But many ain’t been coached right! So look into getting a cold wallet to store your crypto. Most importantly do your own research! And if you have time listen to Pusha-T’s single “Diet Coke”.
You ordered Diet Coke, that's a joke, right?
Make sure you check out Pusha T's video to Diet Coke below:
All I Want For Christmas IS CRYPTO
It's that time of the year. You know? The holidays. Everyone is ready for the turkey and hams and don't forget the dressing. Stores across America have already started putting out their Christmas items in anticipation for the MOST WONDERFUL TIME OF THE YEAR! And of course the Mariah Carrey song "All I Want for Christmas Is You". The video on YouTube has over 180 million views. Cha-ching! But you know what this time of year is really all about.... Gifts! With birthdays, holidays like Fathers Day or Mother's Day, Easter, etc, etc, already gone and past. For many, Christmas is the last opportunity to get a present. Amazon Wishlists are getting filled, Santa's across the world are getting ready to hear kids' wishes and the millions of gifts that are to be put under the tree. But one gift that may not be as easy to give is CRYPTO! But the easiest gift you're more likely to receive is a Prepaid Gift Card. Don't fear the CRYPTO SANTA Is here!
Recently I had a birthday come up and one of the gifts that I knew would come is the famous gift card. To me gift cards have never been a present because they lacked imagination and thought. They are usually shoved in a greeting card and depending on how much they are, might not cover the cost of the real gift you really wanted. In my case it was CRYPTO… The gift that keeps giving. Ask the person who accepted BitCoins for a pizza in 2012. Don’t ask the guy who paid multiple BitCoins for 1 pizza. So how can I turn what I don’t want into something I do want? Ask a friend.
Ask a friend I did. In this case I asked a community. The Facebook (Meta) group by the name of the Tulsa BitCoin Meetup. Believe me. These guys are 100x more knowledgeable than I am when it comes to the BitCoin and Crypto space. They can spit out words like Satoshi’s, Decentralized, BTFD, Rekt, and a whole slew of words and crypto slang that goes hand and hand with Bitcoin Maximalists. So why not go to a community of smart BitCoin enthusiasts with a simple question. How do I use a Prepaid Gift Card to buy crypto?
I logged into Facebook. I started to type and then retype my question. Making sure that my question didn’t sound like a BitCoin Wanksta speaking to the enthusiast. I wanted to let them know I was down with the culture. You gotta be able to walk the walk and talk the talk. Or at least try. And try I did. As I hit send I refreshed and refreshed the page 10 times. Minute 3, I got a like. Minute 8 I finally got an answer to my question.
I had questions. They had answers. Paxful. The name alone raised a few alarms. Paxful sounds too much like Taxful. Which sounds like taxes are involved. And anyone that’s in the crypto space knows we have this fear of the government coming in and trying to push us around and tell us what to do. So I had to question it. I had to ask a question to the almighty GOOOGLE.
They say be careful what you ask for. Because you just might get the answer you seek. In this case it was the answer I searched. Is Paxful a scam? And my results let me know that I wasn’t the only one whose asked this question before. . About 533,000 results (0.67 seconds). And reading some of the comments in Quora and 99bitcoins made me think that maybe I should hold off on giving my birthday money away. Maybe there was another way. A way I was using already so that I wouldn’t have to create another account and have to remember another password. That answer was PayPal.
After a quick Google search I realized that PayPal does take PrePaid gift cards as a payment type. Yay. I already have it. So this should be a piece of cake right? In the words of the late Charlie Murphy. Wrong! I had to somehow confirm that a small authorized charge was on this PrePaid card that I had no personal connection to. But the hope isn’t gone yet. Here’s What I did to get my Prepaid Gift Card linked to my PayPal account.
FINALLY when in PayPal go to the 'Settings'. Then go to 'Payments'. In the Automatic payments' section click the 'Manage automatic payments' button. Click the any merchant that you plan to use the PrePaid Gift Card (ex. 'Coinbase Inc.' tab). In the Payment method section select the pencil icon to change the method to the PrePaid Gift Card.
Wola! And there you have it. A Prepaid Gift Card successfully linked to your PayPal account. Now you can buy BitCoin straight from PayPal. Or you can use PayPal as a payment option on another site and use the Prepaid Gift Card as the payment method at checkout on other exchanges like CoinBase. Another problem solved and another Christmas miracle!
Thanks for reading! If you want to learn how to earn $10 of crypto just by signing up for CoinBase or PayPal send me a message!
And happy holidays to all. And to all a merry Crypto Christmas!
You throwing up big C’s but you ain’t a Crypto
At 1:24 on his track Mr. Robot. Dial Tone raps the lines, “We out for this Crypto. You throwin up big C’s but you ain’t a crip tho.” It’s lines like these that are deeply ingrained into the bars of Dial Tone’s latest album “Tones Beach”. Crypto for the later part of 2017 became a trend. Something that saw success just as quickly as it saw failure. But for Dial Tone this new form of currency and technology was never a fade or a trend. For him it meant a new way to play the game, especially for a game that was designed for him to lose. For him it meant ownership. Something that Dial Tone has been rapping about since his earliest projects. And now his latest project “Tones Beach” will be sold for crypto.