MJCarlsonStrategies

I know it has been awhile, but here is a little post I wrote about some neat crypto projects.

Morning cryptofamily! I guess we are all happy to see the cryptoverse doing so well this morning. Gotta be honest, I much prefer slow and steady over extreme movements, but I will take the rise. I think the fact that the Senate didn't rubber stamp some awful proposed legislation over cryptocurrencies gave us all a sigh of relief and a boost in price.

QNT - The more I read about this project, the more I feel that this project has the potential to thrive in either a bear or bull market. The ability to connect multiple, unique blockchains is the use that will bring many projects together. That's a pretty powerful tool. I know a lot of folks are scared off by the price, but if you look at overall tokenomics, QNT is more limited than Bitcoin and differentiates it from many tokens out there. I just find that so many new to the crypto space go for the projects that are cheap (READ - less than a penny) and think they will hit it big with a multiple. This is not the way.

CakeDeFi - I took a dip into liquidity mining on CakeDefi. Very easy process to set up, but you do need to go through the KYC process. Once you have done that, the site offers multiple options including liquidity mining, staking and lending services all at decent rates. Liquidity mining yields the most, but you get rewarded in DeFi tokens and a small amount in the currency you paired - ETH for me. In about 1 week, I have made about $100 in DeFi tokens. Easy, passive income. When you are ready, you can transfer those DeFi tokens to an exchange like KuCoin and just go from there. DeFi is actually a pretty decent coin to have in your portfolio or just convert.

Be careful out there and have fun!

It’s pretty surreal that a whole new form of credit card use is emerging out of the cryptocurrency movement. These credit cards allow you to convert and spend your cryptocurrency in order to pay for certain goods and services.

It’s very early in the movement and still evolving, but the millennials are already embracing that payment in crypto will be part of their future. I’m getting my Coinbase Visa card next week. I still have plenty of research on this new product so let’s see how this goes.

Anyone else interested in getting a new card?

Visa Partners with 50 Crypto Platforms on Card Programs - Blockworks There was over $1 billion worth of digital currency spent via the company's crypto-linked cards in the first half of 2021, Visa reported

PSA - Just avoid looking at all markets today. Try doing something more enjoyable like pulling out fingernails or other fun activities. Distractions are your friend today and remember this is about the long term.

In business as in life - fill the room with your personality, not your ego.