I havenβt posted in a while. Life gets really hectic sometimes.π
I just wanted to share something really cool that is happening to me, regarding my cryptocurrency journey. π
Challenge No .01 -I have only been in the cryptocurrency market since 12 August 2017. So Iβm only in my third month. The next Challenge (No .02) is that the South African Rand is 13 β 15 to the dollar. This means my money shrinks by a multiple of at least 13. Iβm not too worried about that because it will multiply by 13 when I bank it.π
I however am keeping it in the cryptocurrency market or in USD which is a good ZAR hedge.
Anyway, Iβm just trying to say that Iβm a noob. So after some trial and error (with accompanying loss of funds) LOL, I have learnt a few strategies and and skills. I havenβt enjoyed myself this much since I discovered property as an asset class.
Crypto is an asset class. (Smiley face)
The point of this little note is to share something really cool that has happened on my journey. Even a blind squirrel finds and acorn now and again.π
I am learning some of my stuff off of YouTube and I have subscribed to some channels of people who appear to know their stuff.
So thereβs this Irish girl. βSkytalksbusinessβ. Former English teacher (tick) βfull time trader (I assume- tick) who shares her experiences. I go with my gut and subscribe. She called βMonacoinβ. I wasnβt in it due to challenges mentioned above(too little free money).
Recently she shared info about a new exchange βKucoinβwhich has its own coin βKCSβ and she mentioned that the exchange would profit share (50% of anybody investing in the exchange by holding "Kucoinβ Took a loss on some coins I was holding on Bittrex and took immediate action. What did I have to lose?
Results?
I will let the screenshots speak for themselves. Itβs not a huge amount I admit, but it certainly puts a smile on my face for the following reasons.
Points to highlight:
My Kucoin has increased by 50% since I bought it (1 week). I will be buying more soon.
My Kucoin profit share is paid out daily. The magic of compounding will apply.
I receive residual (passive) income from a simple-to-understand-business-model. Profitshare.
Itβs a Chinese company. So because exchanges have been banned, Chinese markets have moved offshore. Itβs a growing market and has huge upside potential.
I share in the profits of ALL the coins on the exchange. New coins are being added daily. I now own coins I have never even heard of. LOL again.
Here is my invitation codeπ
Enjoy.πFeel free to RESTEEM