NEWSLETTER August 23, 2021
They used to say that the “third time's the charm”, but last week wasn’t as productive as I would have liked it to be – but as I said in one of my videos, you have to make peace with some things in order to move forwards. I only was able to get three videos done last week, but I was able to help a number of people on the phone and in some appointments, so that’s a bonus. I also finally got into one of my local Chambers of Commerce, so we’ll see how fruitful that becomes. Speaking of that, I highly recommend that you give your local chamber a call and ask them a few questions. Usually they are rather helpful and engaging – after all, that’s their job – and if you get a chance to talk to someone that knows the ins and outs of both the area and the businesses, you will get some valuable insight. Take the time to call them and talk to them about who you are and what you are doing, and also find out about the chamber(s) in the area. Is there one for your city or town, or is it a county-wide chamber? In my particular area, there are actually three – one for each major town (Myrtle Beach, North Myrtle Beach and Conway) but none for the county, which is interesting. I was fortunate enough to get introduced to the Director of Economic Development for one of them, and he gave me not only the rundown of how each of them work but also to let me know the size of the chamber membership and how unique (and popular, as a result) my particular business will be. Hint – odds are you will be the only cryptocurrency business in your chamber, so definitely take advantage of that status! One more thing off of my list…. Speaking of which….
Getting it Done
I was able to get a video released last week on the topic of accomplishments and lists. That’s probably one of my favorite topics and “aha” realizations. You do need perspective, and you cannot beat yourself up over what you don’t get done. Rather, celebrate what you DO accomplish and then reprioritize for next week. It’s a good exercise because – as you will quickly learn with any new endeavor – there is always something to be done, and the list never seems to end. For example, a typical week for myself includes (but is not limited to):
…and whatever else pops up each week. It’s funny how you start a new business and it consumes a lot of your time almost immediately, and you wonder how you ever did anything else but your new career. That’s why it is so important to plan your week as best as you can and review it at the start of the next week to see how you can improve, and if you need to adjust priorities and time allotments. It may sound daunting and possibly overwhelming, but turning a passion into a career certainly makes it far more enjoyable. There’s never a dull moment in cryptocurrency and with Bitcoin, that’s for certain. Now, about Bitcoin….
Bitcoin revisits $50,000
We all saw this coming, right? But maybe not with such speed. Bitcoin was in the $30K’s not too long ago, so those who happened to time it just right have seen significant profits – on paper. That’s just it – no profit (or loss) is real until you sell whatever it is you invested in – always keep that in mind. Now that people are starting to hear all the numbers, it is becoming more and more known that there are fewer and fewer bitcoin available for sale, which is only going to drive the price up in the long term. Short term price volatility is always expected, but 2-3 years from now everyone will be wishing for prices under $100K more than likely.
Other coins are starting to blast off as well. Cardano fans – and I know that there are plenty of them out there – have seen the price of ADA go from under $1 to nearly $3 in about a month. With a new upgrade coming on September 12th for Cardano called “Alonzo” that will finally add smart contracts to the platform, people are hopping on board if they weren’t there already. There is also a bit of a supply shortage for ADA as over 70% of the coins are staked, reducing the available number of coins. That’s been happening for Bitcoin as well as recent metrics have revealed that exchanges like Coinbase and Gemini have seen over 110,000 bitcoin taken off of their platforms in the past 30 days. That’s right, over 110K bitcoin in a month. That’s why it is so hard to get bitcoin off of exchanges. Get them off now!
What it all means for you – and for me
There’s so much going on – not just in cryptocurrency and with Bitcoin, but everywhere – it is impossible for just one person to keep up. That’s why we have this community where we share whatever we can, however we can. So two simple things – make peace that you will never ever be “on top of everything” because that’s just not possible. Secondly, I’m going to personally try and remember that message each and every day (might be worth posting around your house near your goals list…..) and just keep plugging along. Each and every day, just try and improve. Keep it simple. Do better in something each day. Get something done, or closer to done, on your list. Learn more. Share more. Help someone. That’s my takeaways.
Well that was a longer email but I hope that helped. Bitcoin, Cardano and cryptos in general seem to be heading in the right direction again, and we can all remember how things were as recently as the last bull run from December to May. Is this the start of it? Hard to tell, but it would not surprise me at all.
So in the interest of helping you all in some way, here are my videos from last week including the announcement of our winner of ALTCOINopoly last Friday and a special interview I did with DiviDaddy and his two kids who are already more knowledgeable about cryptocurrency than most adults:
Lastly, here’s a few links for everyone to both reach me for additional help and also a link to get started on borrowing against your cryptocurrency – or at least, setting up a credit line so that you can get cash against your Bitcoin or Ethereum (or 30+ other coins) if you want or need to have access to more money:
Jeff / LL's calendar click here
or email me (reply here) or call (240) 517-6051
NEXO Link click here
Take care everyone and here’s hoping for plenty of green candles going forwards!
-Jeff / LL
Leave a Reply.