FRIDAY FLASHBACK!
UPDATE: This should have been posted on Friday đ©đ©đ© but here we go!
Hopefully, after Wednesdayâs and Thursdayâs posts you have plans to get some free crypto this weekend! I know mine is! Iâm not missing out on a chance to get cryptocurrency for free especially when I know that the asset can potentially increase in value! I donât care if it increases in one year or one week - I didnât pay for it, and Iâm going to gain from it!
But, itâs Friday so letâs touch on what we talked about this week:
ADVANTAGES OF DEFI: (1) The interest rates are attractive; (2) there are lower transaction fees than CeFiâs; (3) there is no middle man to take a cut; (4) no broker fees; (5) no pressure and/or credit checks if you want to borrow money (youâre borrowing from yourself anywayđ€·đŸââïž); (6) the blockchain keeps track of every transaction and makes it available to whosoever will; (7) transactions are open, transparent and accountable, and the best one of all ⊠(8) this technology has already made over 100K millionaires according to CBS News! Here is the link to that article: https://www.cbsnews.com/news/bitcoin-millionaires-100k/
DISADVANTAGES OF DEFI: (1) Market volatility is something to pay attention to because the coins can soar and/or drop with alarming regularity; (2) it requires a huge mental shift that many donât want to take, as well as a learning curve; and (3) there are many skeptics.
FREE CRYPTO! WHERE AND HOW TO GET IT! See yesterdayâs post for a list of some of the companies offering free cryptocurrency for different reasons. Mostly the companies just want to get the coin in circulation so the free crypto is used as a marketing lure. (There is also something called an AIRDROP of crypto that we will chat about soon.)
I hope you do something good for yourself this weekend (besides getting free cryptođ)! Make a plan for where you want your life to be, and next week we will chat about staying power and what makes the persistent person win! #ConsistencyIsKey - enjoy your weekend!â„ïžâ„ïžâ„ïž
Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing⹠. The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestion in this post.