So, Yes, I am Fangirling Over MContent This Morning!

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This morning I did spring cleaning on my portfolio with memes and new tokens. I ended up reinvesting into two coins while leaving small balances in five others. Small meaning five bucks or less! One of the tokens I doubled down on was MCONTENT. It is a token that has a unique idea that separates it from some of the others that are just copies of what’s popular. Click below to learn about it!

It deals with seed funding for different projects in the entertainment industry. It also offers education for new investors, such as definitions for what happens when you fall for crypto scams! I was comfortable with my investment with MCONTENT before today, however, I found out something this morning that just pretty much solidified my level of comfort. The project got a shot out from Kevin O’Leary! He is one of the great business minds from Sharktank. He hasn’t been crazy about crypto, which is why hearing him say something good about crypto, makes me feel all warm and gooey inside.

I try to live by his words regarding how I invest or spend my money!

Money is my military, each dollar a soldier. I never send my money into battle unprepared and undefended. I send it to conquer and take currency prisoner and bring it back to me. Here’s how I think of my money – as soldiers – I send them out to war everyday.”

Kevin O’Leary

So, I am just so excited right now to be invested in something that he seems to like. After yesterday’s rug pull the smaller cryptocurrencies are down, so I took this chance to add more funding to my MCONTENT token. It’s sort of crazy how this token isn’t gaining more attention because it is a great project. I think a lot of people have been busy chasing meme coins and some of these groundbreaking tokens are going to slip by. There’s no cute little cat or dog attached to this coin, it’s just great innovation. I invest in meme coins, but I also invest in coins with a future.

Anyway, you know I share the information about the potential goodies with you guys! As always do not do what I do! Do your own research! Research this stuff and make sure you are comfortable with the amount you put in.

I am not a financial Advisor.

Is Shorting Another Crypto A Good Idea?

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After the sudden rise of Dogecoin earlier this year, numerous questions started to fly around about taxing crypto. When we file taxes early next year, we will have to add information regarding crypto trades! If you reside in the United States, be careful if you are shorting cryptocurrency for fun.

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It’s exciting when your favorite crypto spikes and angering when the opposite takes place. However, be careful listening to people urging you to short other coins. While it might help some people’s portfolios, it could come back to hurt your finances in the future. If I remember correctly, exchanges have been told to report anything over $10,000.

If you are new to crypto, you might not be aware that cryptocurrency is viewed as property. I will link something below to give you an idea of the whole tax ins and outs. Just be careful out in the crypto wilderness. This is why it is important to talk to financial advisors about how and when to trade crypto. Never let Twitter act as your financial advisor because it isn’t! Other than that, have fun and invest in your favorite coins.

In other news, SHIBA has been down since last night! Dogecoin has been up to 24.66%. I am still worried about Dogecoin, to be honest. With the amount of money that was poured into Doge by their investors, I would think it would have gained more than nearly 25%. As for Shib, most of us are still holding. Corrections happen, and so do other things!

I can’t wait to see what the weekend brings for our crypto community. As always, be safe and make good decisions. Talk to financial advisors when in question!

https://www.coinbase.com/learn/tips-and-tutorials/crypto-and-bitcoin-taxes-US

Will Robinhood Be Able To Deal With The Mass Number Of Investors Coming From Shiba Inu?

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Now that I’ve successfully finished making and devouring my favorite breakfast coffee, eggs over easy, toast, and a small scoop of blueberry honey on the side, let me turn down my Megan Fox movie, and let’s talk Robinhood. Don’t worry; I can still hear it in the background.

I know, a lot of people are overly anxious to hear about Shib’s listing on Robinhood. However, Robinhood is taking its time and trying hard not to give away clues. Yesterday Robinhood’s CEO Vladimir Tenev tried his best to outrun the question when he was interviewed about offering SHIB! He didn’t say no about the listing and even managed to blurt out some odd rambling about not being the first to list due to safety reasons. We know, Coinbase has a rigorous system when it comes to vetting coins. So, Shib is safe.

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If you recall, Dogecoin had to fight for their Coinbase listing. They had people like Mark Cuban and Elon Musk helping to lead the charge. In the end, Dogecoin was listed, but it took some convincing. Another catalyst could have been the timing around Dogecoin’s listing. The Coinbase stock was going down, and the Dogecoin listing, in my opinion, came to the rescue.

Robinhood isn’t in the same situation Coinbase was in when it listed Doge. Therefore, they can take a little time to figure out how to handle the Shiba Inu listing without having platform issues. When Dogecoin was running at its strongest, Robinhood was messing up left and right. Right now, we are talking about a coin that has a massive following! People are checking hour after hour for this Robinhood listing. Coinbase had hiccups their first week in listing Shib.

Any large platform would be a little nervous about this listing if they had issues in the past. Robinhood managed to grow its crypto team and hired people who were capable of dealing with cryptocurrency, but can they keep up with the volume? Wallets are going to be very important. Perhaps we will not see the listing until the wallets are live. I think we are currently 1,313,313 on the list for wallets. One reason the wallets will be important is due to people having coins on other platforms.

I think we need to chill out and let Robinhood figure out how to make the Shib launch successful. I will always feel like part of the issues that prevented Dogecoin from growing were the errors from platforms not knowing how to deal with the volume. I do not want to see that happen to Shib. It is imperative that the Shib listing goes off without Dogecoin flaws. We want a strong Shiba Inu! Now, back to the movie! I think I have like ten more minutes.

I am not a financial advisor.

Shiba Inu Is More Than A Token.

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Shiba Inu is still kicking butt in the crypto field this morning. I’ve read a lot of questions regarding the reasons behind Shib’s sudden rise. I think people have to understand that Shib is more than just a coin. It is a token that powers a swap. You have to take note of the tokens that carry swaps like PancakeSwap, Sushiswap, or now MakiSwap. If all of this doesn’t make you giddy with happiness, Shib will be listed on WhiteBit tomorrow which will add another set of investors.

In my opinion, and I am not a financial advisor, but I like to look at the swaps. MakiSwap is a new swap that is now around $0.20. These swaps, including Shibaswap, tend to grow within a year or so. Take a look at your coins that power Uniswap, and the ones listed above, and you will see that there is a real chance for earning potential. They do not go to the height of Bitcoin or near that amount per coin, but they do raise more than a dollar per coin, generally speaking.

https://sushi.com/

I honestly think we are witnessing the growth of Shib as a token, which powers a swap. They have the new NFT section, which will be part of their platform, which will generate more income. Not only will the NFT generate income, but it will also trigger automatic burns. Keep in mind burning is something that a lot of us have been requesting.

https://www.shibatoken.com/

As I stated months ago, for Shib to take off, it would have to be on major platforms, and burns would need to be part of any process. The beauty of Shib is that it is still so inexpensive. At this point, you can get 1.3 million for around 30 bucks. Keep in mind this time last month investors could get double or triple that. So, the price is going up! Yet, most of us spend 30 bucks at McDonald’s on a good day.

As always, these are my opinions, and I am not a financial advisor. I’m just a mama on a mission, and I happen to love crypto.