Cryptocurrencies Archives - Page 3 of 3

BlockFi – The Crypto Savings Account

Post author:Hyder A.
Post published:April 12, 2021

BlockFi is a crypto company that offers Interest Accounts, Trading Accounts, and Crypto-backed Loans. If you use Coinbase or another brokerage for buying your Bitcoin, Ethereum, or other crypto, you can transfer your money to BlockFi's Interest Account and earn as high as 8.6% APY on your crypto. I started using BlockFi back in January of 2021 by transferring 2.4 ETH of my Ethereum. Within the past 2.5 months, I have earned $38.40 in interest. Starting a few weeks ago,…

The $1000 Investment Challenge – 3 Month Update

Post author:Hyder A.
Post published:April 1, 2021

In 2020, I heard about the $1000 challenge between the online Finance community. It is a 1-year challenge where you invest $1000 in any way you want to see who makes the most money. Since the $1000 challenge has been around for a while, no one has done this challenge in recent times. I thought it would be an interesting experiment to try during the Pandemic. Because I run a personal finance blog, I decided to expand my experiment. I…

Investing Versus Paying Off Debt

Post author:Hyder A.
Post published:March 8, 2021

Due to FOMO, or Fear Of Missing Out, most people will want the answer to be Investing. In reality, paying off debt is the better option for most people and most situations. As a velocity banker, I definitely prefer to pay off debt. Investing When it comes to Investing, there are many different ways to invest. You can invest in real estate, stocks and ETF's, bonds, index funds, and start up companies. Within stock market investing, you can choose to…

How I make over $2500 per year Mining Bitcoin

Post author:Hyder A.
Post published:February 24, 2021

A friend of mine (get it?) has been mining Bitcoin since 2013. To date, he has earned 1 complete Bitcoin, meaning he owns about $56,000 in Bitcoin at the time of this post. When I visited his home, I found a computer mining Bitcoin in almost every room of the house. In total, he had 8 or 9 computers mining Bitcoin, including an ASIC unit specifically designed for mining. He couldn't install more because the power requirements needed to mine…

Ethereum – The Rising Crypto Star

Post author:Hyder A.
Post published:February 15, 2021

Ethereum is a decentralized and open-source blockchain that was created back in 2015. Its cryptocurrency is called Ether (ETH). It is currently the second largest cryptocurrency after Bitcoin. As a crypto, it is more powerful and has more potential than Bitcoin (BTC) due to its smart contract functionality. Bitcoin, Tezos, and Ripple also have smart contracts, but the framework is not as robust as Ethereum. Since Bitcoin has a limited supply of $21 million Bitcoin and Ethereum does not currently…

Robinhood vs Webull vs M1 Finance – Which is Best?

Post author:Hyder A.
Post published:February 3, 2021

I know I need to address what happened with Robinhood and GameStop last week. I do not agree with the way Robinhood handled things. On the flip side, I understand why Robinhood, Webull, TD Ameritrade, and other brokerages froze the ability to buy GameStop and other stocks involved in the subreddit Wallstreetbets strategy. If you don't know what I am talking about, click here to read my post explaining what happened. With that out of the way, this blog post…

Top 3 Micro-Investing Apps

Post author:Hyder A.
Post published:January 13, 2021

Micro-Investing Apps, like Micro-Savings Apps, are designed to help you save without you feeling it. All of these apps do charge high fees for investing. They are not the best choices for an avid investor, but may help the beginner investor get started in investing. Here are the top 3 Micro-Investing Apps. 1. Qapital Qapital is an app that offers 8 customizable rules such as the Round Up and Spend Less Features. With the Spend Less feature, it will save…

How to Invest in Bitcoin – Step by Step Guide

Post author:Hyder A.
Post published:January 5, 2021

Cryptocurrency is an unregulated and decentralized digital currency that can be used to buy goods and services. Bitcoin, the most popular crypto, has been around since 2018 and has just hit a price of $30,000 for the first time. In fact, the value increased by $5000 in the first few days of 2021. There are many people who think Bitcoin and cryptocurrency is a scam while others invest all of their money in Bitcoin. The truth is you can buy…