(Clears throat) Well as you all may already know, I have officially went what I like to call "Full Crypto". Meaning I live my life 95.86% on Crypto and barely use any fiat. Now yes, yes I know that life might not be for everyone and that's ok, but for those that either want to get into it that far or just need some good tips on some good tools to use, then here ya go.
Ever since I went "FC" (full crypto) thing got a lil interesting hahaha it was tough at first and I am still trying to overcome certain problems but hey, ima get there lol.
Well the first thing I needed was a way to turn my current fiat into Crypto power right... Coinbase is obvious easy choice. I applied for a Gemini a while back but have still not been accepted. Crazy I know right. I'm not going to do a review on coinbase because I mean come on guys. Buuuuuuuut basically its just to transfer fiat into crypto. So to start I will say
I ordered a Shift Card and a Bitpay card as a means of getting things that I need. (it feels like such a loss when I have to spend crypto but hey) I keep hearing about the litepay card but I have not looked into it that much just yet.
There is a Coinmarket cap app that I use to keep track of the flow of things. I can see the current price of most coins.
I have a hard time keeping track of my actual Steem value and other long hodls so I use a Blockfolio app to keep me informed for long hodls. Its not very good for day trading tracking etc because you must manually input the buys etc.
I day trade a lot and also look at the movements of charts pretty much non stop lol so the trading view app is a plus.
Binance has a app even though I don't use it much. Comes in handy every now and then
I use Steemit more than ever now so I try to use the apps that I can to track Steem action. Esteem is decent, often slow and pics don't show half the time. But Steemify is great for notifications. Heck I just got a notification from it while typing lol.
If there are any good apps you recommend, please leave a comment down below.
Respectfully as always
~Truce
I have about 25% of my portfolio worth in crypto. I live in Canada so Coinsquare is the exchange i link to bank to change back to Canadian dollars. Binance is my main exchange. I also use Coinbase for quick purchases. Also use Bitmex for leveraged futures and Hitbtc to get obscure coins. Then use shapeshift.io, etc. for quick changes. Much easier in Canada to purchase with credit. The altcoins is where the real money is right now. I trade altcoins but invest in ethereum. I keep a rolling sum that i am building up as savings. Very very bullish on ethereum. I also keep a little Ripple i got at 0.21 per, but i am going to sell half soon. Check Amazon and Overstock.com. They take Ether and offer a ton of day to day products. I expect soon Litecoin will be a good transaction medium for day to day. The only ICO I contributed to was Chronologic. They work on Ethereum alarm clock too. Important programming projects because Ethereum is built devoid of pre programmable timing-based transaction capabilities. These projects help create functions that execute in ethereum based on time.
There is no doubt that investing into things like eth is smart, toekns that you can build on, utility tokens etc neo is another one (no shill) i don't even own neo. I will have to look into chronologic tonight, im bored lol. Ill def also look into amazon and the sort.
Was thinking of going on a holiday to japan on full crypto. Do those cards still work?
bitpay def works, been using it for a while, have not used shift yet but many ppl tell me they use it all the time. Most prefer shift over bitpay, something about fees, but I have both for back up purposes
thanks for the info ill look into them :) i want to try go more crypto too
I might be joining you soon in the crypto life. I don't have a bank account now, so cashing out into fiat currency isn't working out for me.
I live in a country where cash is important, so I'll probably adopt a 75/25 ratio at the end.
yeah get you some crypto cards that have visa on them and you should make due most likely (not advice lol)
Awesome, congrats! I bet it can be complicated, but people like you are paving the way for the rest of us!
Its def tough, living my whole life on the way the system works then boom u turn lol I jumped off a cliff and am learning to fly on the way down. Best way because now I have no choice.
What is the most difficult thing to pay for with your crypto?
.... taxes lol
how long you been in crypto?
🤣 taxes... I started my crypto journey about a year ago. Through Coinbase. As I’ve learned more, my faith in it has grown exponentially. I have much more to learn! I found your post especially interesting because I was JUST reading about how to spend my crypto and how my business can accept it. I think it’s really important to use it to create the demand for others to start using it too. How about you? How long did it take from beginning to now being FC?
Only been FC about 3 months ago. I own a car shop so yes, making btc and crypto forms of payment def drive more users to drop fiat and use crypt. I figure the sooner I replace my currency with crypto the better. I'm not really limited and crypto in the long run is only going up. Unlike the dollar has lost 66% in the last 20 years. People don't realize in 1999 I could buy a gallon of gas for 1 dollar and now it takes 3, 10 years ago I could buy 13 gallons of gas for 1 btc and now I can buy about 3,300 gallons of gas with 1 btc and rising. Change ones paradigm and perspective and you change your life.
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good Post! Im currently looking for the best App to use Steemit on my mobil..after reading ur Post, I think I will start with Steemify :-)
This is an excellent post. I live in the states, so I worry how the taxes would affect you if you made a move like this.
But I hope you continue to share your story with us as you move foward.
38k or under and its 0 percent tax and 38 to 425k is 15 percent.
reference https://www.fool.com/taxes/2017/12/22/your-guide-to-capital-gains-taxes-in-2018.aspx