Posts

Showing posts with the label bitcoin

How cryptocurrency is helping fund my retirement lifestyle

Image
What I’ve done during my lifetime is, of itself, possibly of little interest, it’s what others have contributed and the lessons learned that underscores a life’s true value.  I like to think I’ve lived a very rich life in lots of ways! I was born in London and spent most of my childhood in Heston.  My father ran his own business, as an electrical engineer, and was very careful with his finances, only occasionally dabbling in blue-chip British companies such as British Airways!  My mother stayed at home, as was often the case at that time. My father taught me financial acumen, along with maths and practical skills, whilst my mother gave me a great foundation in life.  Between them, they gifted me an invaluable moral compass, of fairness honesty and justice, that I’ve tried to always use for all decisions. I was lucky enough to find my major love in life early – music!  My mother loved classical music such as Rachmaninov, Bax and Delius, and I was lucky enough to have an amazing music te

Why crypto is an intrinsic part of my financial ambitions?

"Despite being relatively new to crypto, having purchased earlier this year, it is the logical progression of both my career and my attitude to wealth!" I had a fairly nomadic childhood, moving frequently due to my Dad’s work, which meant I attended 8 schools in total! Unsurprisingly it wasn’t overly conducive to a love for school, and whilst I was bright, my A-level tutor, half way through the course, tactfully suggested I may wish to consider getting a career rather than continuing in formal education. Luckily, this suited my desire to achieve in business over more studying for academic qualifications that I may never end up using. I already have a weekend job at Whipsnade Zoo, who kindly paid for me to attend collage as a chef, and I was quickly promoted to a catering manager. Whilst it was good fun, it was fairly limited in career progression, so I ended up leaving for a variety of jobs in high street retail/catering over the next decade, cumulating in me being an area ma

Should You Buy a DAC Pack? Here Are 5 Reasons.

The DAC Coin is the community coin of the global Dacxi Economy. The DAC Pack is a Dacxi product where customers can buy DAC Coins and receive up to 70% more coins as a bonus. Customers buy the DAC Pack because of the significant growth potential of the DAC Coin over the blue chip coin Bundle product. Why Purchase the DAC Coin? The DAC Coin has massive potential for price growth because : Global Demand. The potential of the niche Dacxi global economy, taking its Crowd Finance ecosystem to every country of the world. Coin Utility. It will be used in four areas — crowd services, exchange benefits, global affiliate bonuses and accessing alternative opportunities. Crowd Promotion. A global Dacxi crowd using the coin will promote the brand and its attractiveness. This is a marketing concept that few utility coins possess. 1. The Dacxi/DAC Coin Global Economy The global Dacxi economy has the potential to be a billion dollar niche sector. In each country, Dacxi and its partners will seek to le

Bitcoin Halving is done, what’s next?

Image
For weeks, if not months, the buzz in the crypto-world has been the Bitcoin halving. That happened on May 11, so what happens now? The change in mining rewards from 12.5 Bitcoin to 6.25 Bitcoin happened, but the impact of this was never expected on the same day. The buzz happened before and will happen after the event. The halving means that the miners will have half as many Bitcoins that they need to pay for the mining process. It means that over the coming weeks and months, there will be less selling pressure which means buying demand will have a greater chance of pushing prices up. And the miners, the key people in the Bitcoin ecosystem, need the prices to go up because they just had a 50% income cut. For all the speculators on Bitcoin price rises out there, like me, be very clear, the purpose of Bitcoin is not to make you or anyone else money. Its purpose is to be a currency. So the only people who really matter are the users of the currency and the miners who make the system happe

What a week in crypto?

Image
Sometimes, weeks can go by in the crypto world without as much as a ripple. This week wasn’t one of them. Today, in my first ever report, I’ll be taking a look back at the last couple of weeks in crypto. And let me just start by saying, “I told you so.” Since November 1st, the crypto market has broken that all-important US$14,000 level for Bitcoin. Bitcoin has truly boomed, peaking at $18,000. That’s 28% up in just two weeks. And Bitcoin’s not the only one feeling the heat. ETH is up 22%, and the total market capitalisation has jumped $100bn – or 25%. For Dacxi, the week’s biggest story was Litecoin. As part of our Blue Chip Bundle, I was a little concerned that it was under-performing, and slipping down the rankings. Turns out I needn’t have worried. This month, Litecoin’s up a massive 50%, and has re-staked its claim as the world’s 5th largest crypto. It just goes to show, Dacxi’s pioneering portfolio approach to crypto really is the smartest investment strategy. So that was the we