Crypto Chat

With all that’s been going on in the world lately, aren’t you wondering if crypto is changing the world? Well, I’m here to tell you that crypto is changing the world for good, and it has been for years.

Or you may be asking yourself how you can get into crypto, how you can make a lot of money, what’s an NFT, is the US dollar losing its value and why is that happening with almost every currency in the world.

Well for starters, ever since the beginning of COVID – 19, crypto started to skyrocket in popularity and price, and while that was happening you were probably working a 9 to 5 job to make money when some people were making millions on crypto. With the US dollar losing its value, I recommend either investing in crypto or buying and flipping NFTs.

NFT or Non-Fungible Token is generally built using the same kind of programming as Bitcoin and Ethereum but the difference is that Bitcoin and Ethereum are fungible, meaning they can be exchanged or traded one another or traded for money whilst NFTs cannot be exchanged for money.

And with the lowering of the price of the dollar as a non-U.S. investor, buying assets in the United States, particularly tangible assets, such as real estate, is extremely inexpensive during periods of falling dollar values. Because foreign currencies can buy more assets than the comparable – dollar can buy in the United States, foreigners have a purchasing power  advantage.

Now that you know this, and you are ready to buy some stocks, you are wondering what stocks to buy, there’s simply too much. Well, the simple answer is to just buy all of them. But, but… I don’t have that much money!

Fear not, as there is a website called S&P 500 that lets you invest in the top 500 stocks, meaning, instead of owning a large percentage of Coca Cola let’s say you can have a smaller percentage of Coca Cola, Tesla, Apple stock, Amazon, Netflix, Visa, Microsoft, Facebook and so many more plus the average annual return is 10.5%.

For a better and simpler explanation for NFTs watch this video:

For a better understanding of crypto and the S%P500 here are some videos:

I hope I managed, at least a bit, to bring this topic home to you!