What if instead I picked PIVX where I could have made 100 times my money and turned $10,000 into $1 million?
Jerry Banfield with EDUfyre – Cryptocurrency investment and retirement planning
What is the most effective investment strategy with cryptocurrencies like Bitcoin, Ethereum, Dash, Ripple, and Litecoin? How can a cryptocurrency portfolio on an exchange like Poloniex be used to build an incredible retirement savings? Watch this class to find out! Which wallet do I use to buy Bitcoin and Ethereum to do the strategies I show you here? I use Coinbase at http://jerry.tips/coinbjb. If you use that link to fund your account with $100 bought or sold in BTC or ETH, you and I each receive a $10 bonus in Bitcoin! For getting started, I think Coinbase is the easiest. For investing $10,000 or more I recommend Bitstamp or Bitfinex.
In summary, the best method for making the most money with the least risk seems to be to bet the entire market and HOLD ON instead of trying to trade or speculate. Imagine if you had a chance to invest in the stock market when it first opened. Just betting the entire market would virtually guarantee success regardless of which individual stock performed well. In 2016 I tested this strategy and was very happy to watch the Bitcoin roll in as many altcoins I invested small amounts into grew rapidly. If I had simply left everything in there instead of making a typical new investor mistake of trying to trade and make even more, I would have many 3 to 5 times more than I originally invested with very little risk. The one big win I did get was betting it all on Dash which to date has changed my $10,000 investment in a masternode into what today is worth $72,000 AND pays out $100+ every week! What if I had choose poorly on another currency and lost all my money? What if instead I picked PIVX where I could have made 100 times my money and turned $10,000 into $1 million? Today I am ready to begin a long term strategy that will allow me to participate in all the greatest gains while minimizing my risk in any one digital currency. As I am listening to Unshakable and Money Master The Game by Tony Robbins, he consistently emphasizes the value of a balanced index fund as one of the most effective ways to invest for the average person interested in making a profit because this requires no skill with trading, no need to continuously watch the market, and makes holding on during a down time easy. In accepting reality, I see I have no time or energy to do trading. With all honesty, I am not smarter than you reading this or the other traders. I do not want to just compete and fight. I want to put my money into something I believe in and just leave it there indefinitely as a retirement investment package. The simple strategy I am starting to execute is to invest .5 Bitcoin into the top 100 currencies on Poloniex and other exchanges with whatever masternode rewards I get placed into Bitfinex which just has the very top of the digital currencies. Over time this should allow me to pay the least tax and get the highest reward with the lowest risk. If you would like me to make a complete online class showing each step to do this, would you please leave a like on this video? If over 1,000 people leave likes beside you, I will do live streams showing my progress each month! Here are the top 100 cryptocurrencies as of April 13, 2017 according to CryptoCurrency Market Cap.
7 Ethereum Classic
27 Stellar Lumens
28 First Blood
43 Storjcoin X
55 I/O Coin
61 Agoras Tokens
69 NAV Coin
71 E-Dinar Coin
77 LBRY Credits
83 Plus Bitcoin Plus
88 Pepe Cash
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Jerry Banfield with EDUfyre
Jerry Banfield with EDUfyre
In 2005 while I was in college at the University of South Carolina, I tried to start working online. I signed up for an MLM program and a survey website. A month later, I had refunds from both and figured working online was not possible because everything was a scam. The truth was I was afraid to fail again.
In 2011, I moved in with my wife and launched an online business focusing on video game addiction in an attempt to avoid dealing with any of my other problems. In a few months, I changed my business to selling shirts because I realized there was no money in video game addiction. A year after starting my business, I dropped out of my criminology PHD program at the University of South Florida to run my business full time which by then had changed to helping clients with Facebook and Google ads based on my experience failing to do them successfully for myself.
In 2013, I starting sharing everything I knew for free on YouTube because I hoped it would help me get more clients. By April 2014, I was nearly bankrupt after failing at 15+ different business models. I was also nearly dead from trying to drink the pain away and fortunately the fear of death motivated me to get into recovery. Being in recovery motivated me to focus more on being of true service to others and less on what I would get out of it. I started making courses online with Udemy which soon turned into my first real business. I partnered with as many talented instructors as I could and learned from top instructors how to get my courses the most sales.
In 2015, I tried making some inspirational videos sharing what I learned in recovery and got an amazing response on YouTube. To make the background on my videos more interesting, I started making the inspirational videos while playing video games. To make a more helpful website, I hired a freelancer to convert the videos into blog posts including this about page originally.
Cryptocurrency investment and retirement planning intro (4:31)
The bottom line upfront buy and hold the whole market (8:14)
Reviewing Bitcoin and Cryptocurrency prices from 2013 through 2017 (15:12)
What is the minimum amount to get started? (10:32)
Buying Bitcoin and Ethereum on Coinbase (4:08)
Price averaging with daily BTC and ETH buys (5:05)
Depositing Bitcoin from my Coinbase wallet onto Bitfinex (5:03)
Funding my Poloniex exchange trading account with Ethereum from Coinbase (3:33)
Bitfinex tutorial featuring my first trades (12:42)
Buying into the top altcoins on Poloniex (16:08)
Risks of investing in crypto (11:49)
When and how to cashout on Bitfinex (7:07)
Is the investment liquid and is there a penalty for withdrawing? (3:32)
Diversification versus sticking with one cryptocurrency (6:01)
Basics of paying tax on transactions (4:56)
Avoiding trading, exchanging, and speculating (7:11)
Where is the price trending for Bitcoin and altcoins? (3:40)
If already invested, stick with one or trade into others? (7:00)
Which digital currency is the best to buy and hold? (6:02)
Are there potential risks to my bank account? (5:21)
Intro to live Bitcoin cryptocurrency retirement tutorial (10:26)
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