[Crypto Q]

Happy New Year Daily Funder Community!

I’ve been lurking from the shadows for quite some time now around here and finally feel like I have something worth sharing so… why not.

Being a merchant cash advance broker is not exactly the easiest “job” in the world. ESPECIALLY when you’re brokering deals from your kitchen table barely bringing in $1,000 a week.

It’s a lonely place… It’s always a thrill when you get a deal that pays $10k+ in commission, but when you realize that it could be the last commission check you see for a while, and you got bills, and kids, you sober up real quick. That said, I figured I had to figure out a way to make some passive money. It did’t have to be a lot. Just consistent.

So… here I stumble into Bitcoin. Like many of you I kinda laughed at it. Crypto currencies are a joke. Crypto currencies are a Ponzi scheme. Crypto currencies are a scam. Crypto currencies are not real money. These are all things I forced myself to believe from the time bitcoin was at $100 all the way up until when I finally caved in and allowed bitcoin and crypto currencies to change my life.

I hopped on coinbase and made my first bitcoin purchase of just $100 worth in December of 2016. They have this auto buy feature that allows you to repeat the same purchase at set intervals, so I set it up to buy $20 worth per week. Keep in mind, I’m reading stories about people betting it all on black (taking out second mortgages to buy coin) AND WINNING. But… forced myself to stay within my means and simply hold on to it and see what it does.

When it shot past $1,000 it really got my attention. In the back of my mind I can hear Jamie Dimon saying how much of a scam and a bubble this is, and how badly it was going to turn out. Then, I started seeing other thought leaders in the crypto space who believed in their hearts and souls that BTC would get to $10,000 by the end of 2017. Then, there is another group who sees a $100k BTC by 2020, and $1M by 2025. This all sounded like crazy talk. Sounded like these folks were either off their meds or being paid serious money to pump out propaganda.

“This is just nuts” I thought to myself. So, confused, I took my winnings and LEFT bitcoin. I made a decent profit and figured “it’s better to leave the casino sooner than later…”

But leaving bitcoin allowed me to study it more without having anything at risk. In my mind, I wanted to prove that I was a genius for getting out of bitcoin right before it crashed into smoke. So in between playing phone tag with business owners and trying to get deals funded I would read up on it.

The more I tried to write this mental thesis that said “my timing was perfect, the party is over” the more I learned about how blockchain is kinda like the new Facebook. That’s NOT a perfect analogy but if you asked me 10 years ago, “hey will Facebook be around in 50 years in some way shape or form?” I would have said 100% yes. So, if you’re asking me if blockchain will be around in 50 years in some way shape or form, I’d see your 50 and raise you another 50 years for 100 years...

So after I failed convincing myself once and for all that it was a ponzi scheme / scam / bubble, I decided to go back in with a belief that “blockchain is going no where, even if bitcoin dies.”

I proceeded to lose my mind - applied for new credit cards, quickly maxed them out, all in on bitcoin. I started piling in when the price was right around $3,000 in July of 2017 and had zero balances on any of my credit cards by October. At this point, I figured I was “gambling with house money” so after taking some profits I got even more crazy.

I began diving into what they call alt coins like Ethereum, Litecoin, Ripple, etc. Fast forward to mid December the entire crypto space exploded and EVERYTHING went up. Some coins went up WAY more than bitcoin. I was lucky enough to get in on some coins that PUMPED HARDER than bitcoin and have made an 8x return on my investment from today, going back to a couple of weeks ago. Insane.

I made more in 2 weeks in crypto currencies than I have made in the last 18 months brokering merchant cash advance deals.


YOUR TIME IS NOW!

If you have been in denial about cryptos like I was I would encourage you to simply start researching. Keep your money in your wallet and simply try to do everything you can to become as knowledgeable on blockchain as possible as a first step.

Once you understand blockchain, you may lead to a conclusion that it will be around longer than you will be on this earth. IF you make that conclusion, then you can research coins.

There are over 3,000 of them and most of them are total garbage. Example, there’s a “cage coin” a coin that was made in the honor of the actor Nicholas Cage! There's also a TittieCoin. Yes. There is literally a TittieCoin. These are just two examples of the complete and total garbage out there.

Then you have coins like Ripple who has been on a tear and is being adopted by a bunch of banks around the world. Most people will just default to bitcoin and there’s nothing wrong with that.

Avoid the scams! There is a lot of GARBAGE / SCAM / NONSENSE out there.

Schemes promising you that you’ll be fabulously wealthy in 12 months if you just give over $10k or whatever to “invest” in whatever crap they’re selling. Stay away.

Remember, the SAFEST bitcoin investment is the investment you can afford to lose. Take an amount you can afford to blow at the casino without batting an eye and put it in. Also, the SMARTEST investment has simply been to hold. If you had 1 bitcoin and did nothing but hold it since bitcoin started, you’d have gone from 5 cents to $15k + in 9 years…. The + is based on the fact that if you held bitcoin and controlled your keys, you got free bitcoin cash, and free bitcoin gold when bitcoin forked…

Anyway, I’ll stop here… The first time I heard about bitcoin was here. So, I felt like I had to share this with you all. Especially the “mom and pop” brokers who want a way to add to their income and reduce the stress of brokering deals.

[MCNetwork]

Preach it brother!

[fma123]

ditto! dont stand by the sidelines folks! take 5% of your net worth and start there but yes do your research 1st! Do not sleep on crypto's boyz and girlz! Just the beginning!

[WestCoastFunding]

Is there a ton of money to be made here? Yes.
Is the price based on any actual value? No.
So it’s just complete speculation? Yes.

It’s all a matter of timing. People who invested early will make a zillion bucks. Many buying in now will be wiped out when the bubble bursts.

[johndough17]

Is there a ton of money to be made here? Yes.
Is the price based on any actual value? No.
So it’s just complete speculation? Yes.

It’s all a matter of timing. People who invested early will make a zillion bucks. Many buying in now will be wiped out when the bubble bursts.

I would much rather fund my own deals then go into crypto. Happy with a 25%-42% return, with a merchant i trust.

My buddy did throw 7k in 3 weeks ago, went to taiwan, came back and banged out like 26k out of it, which was insane.

I am honestly afraid of going into it, but may consider...

[johndough17]

Happy New Year Daily Funder Community!

I’ve been lurking from the shadows for quite some time now around here and finally feel like I have something worth sharing so… why not.

Being a merchant cash advance broker is not exactly the easiest “job” in the world. ESPECIALLY when you’re brokering deals from your kitchen table barely bringing in $1,000 a week.

It’s a lonely place… It’s always a thrill when you get a deal that pays $10k+ in commission, but when you realize that it could be the last commission check you see for a while, and you got bills, and kids, you sober up real quick. That said, I figured I had to figure out a way to make some passive money. It did’t have to be a lot. Just consistent.

So… here I stumble into Bitcoin. Like many of you I kinda laughed at it. Crypto currencies are a joke. Crypto currencies are a Ponzi scheme. Crypto currencies are a scam. Crypto currencies are not real money. These are all things I forced myself to believe from the time bitcoin was at $100 all the way up until when I finally caved in and allowed bitcoin and crypto currencies to change my life.

I hopped on coinbase and made my first bitcoin purchase of just $100 worth in December of 2016. They have this auto buy feature that allows you to repeat the same purchase at set intervals, so I set it up to buy $20 worth per week. Keep in mind, I’m reading stories about people betting it all on black (taking out second mortgages to buy coin) AND WINNING. But… forced myself to stay within my means and simply hold on to it and see what it does.

When it shot past $1,000 it really got my attention. In the back of my mind I can hear Jamie Dimon saying how much of a scam and a bubble this is, and how badly it was going to turn out. Then, I started seeing other thought leaders in the crypto space who believed in their hearts and souls that BTC would get to $10,000 by the end of 2017. Then, there is another group who sees a $100k BTC by 2020, and $1M by 2025. This all sounded like crazy talk. Sounded like these folks were either off their meds or being paid serious money to pump out propaganda.

“This is just nuts” I thought to myself. So, confused, I took my winnings and LEFT bitcoin. I made a decent profit and figured “it’s better to leave the casino sooner than later…”

But leaving bitcoin allowed me to study it more without having anything at risk. In my mind, I wanted to prove that I was a genius for getting out of bitcoin right before it crashed into smoke. So in between playing phone tag with business owners and trying to get deals funded I would read up on it.

The more I tried to write this mental thesis that said “my timing was perfect, the party is over” the more I learned about how blockchain is kinda like the new Facebook. That’s NOT a perfect analogy but if you asked me 10 years ago, “hey will Facebook be around in 50 years in some way shape or form?” I would have said 100% yes. So, if you’re asking me if blockchain will be around in 50 years in some way shape or form, I’d see your 50 and raise you another 50 years for 100 years...

So after I failed convincing myself once and for all that it was a ponzi scheme / scam / bubble, I decided to go back in with a belief that “blockchain is going no where, even if bitcoin dies.”

I proceeded to lose my mind - applied for new credit cards, quickly maxed them out, all in on bitcoin. I started piling in when the price was right around $3,000 in July of 2017 and had zero balances on any of my credit cards by October. At this point, I figured I was “gambling with house money” so after taking some profits I got even more crazy.

I began diving into what they call alt coins like Ethereum, Litecoin, Ripple, etc. Fast forward to mid December the entire crypto space exploded and EVERYTHING went up. Some coins went up WAY more than bitcoin. I was lucky enough to get in on some coins that PUMPED HARDER than bitcoin and have made an 8x return on my investment from today, going back to a couple of weeks ago. Insane.

I made more in 2 weeks in crypto currencies than I have made in the last 18 months brokering merchant cash advance deals.


YOUR TIME IS NOW!

If you have been in denial about cryptos like I was I would encourage you to simply start researching. Keep your money in your wallet and simply try to do everything you can to become as knowledgeable on blockchain as possible as a first step.

Once you understand blockchain, you may lead to a conclusion that it will be around longer than you will be on this earth. IF you make that conclusion, then you can research coins.

There are over 3,000 of them and most of them are total garbage. Example, there’s a “cage coin” a coin that was made in the honor of the actor Nicholas Cage! There's also a TittieCoin. Yes. There is literally a TittieCoin. These are just two examples of the complete and total garbage out there.

Then you have coins like Ripple who has been on a tear and is being adopted by a bunch of banks around the world. Most people will just default to bitcoin and there’s nothing wrong with that.

Avoid the scams! There is a lot of GARBAGE / SCAM / NONSENSE out there.

Schemes promising you that you’ll be fabulously wealthy in 12 months if you just give over $10k or whatever to “invest” in whatever crap they’re selling. Stay away.

Remember, the SAFEST bitcoin investment is the investment you can afford to lose. Take an amount you can afford to blow at the casino without batting an eye and put it in. Also, the SMARTEST investment has simply been to hold. If you had 1 bitcoin and did nothing but hold it since bitcoin started, you’d have gone from 5 cents to $15k + in 9 years…. The + is based on the fact that if you held bitcoin and controlled your keys, you got free bitcoin cash, and free bitcoin gold when bitcoin forked…

Anyway, I’ll stop here… The first time I heard about bitcoin was here. So, I felt like I had to share this with you all. Especially the “mom and pop” brokers who want a way to add to their income and reduce the stress of brokering deals.

My old man actually told me to invest into ethereum or w/e its called about 8 months ago. Advised me to put 10k-15k into it. Truly wish i listened to him, would've been a good in and out strategy >.<