A few other things to note this fine Monday.
It’s now 3 times in the last week that Facebook’s algorithms have put some of the most graphic, horrible images and videos (that immediately start playing of course) in front of me when I come to post something on here. I don’t spend any time surfing on Facebook (probably because I have like 5000 “friends” on there and most are more like public fans from my tv show days), but I do have Facebook Fan pages and I do post stuff on my wall because for those 5000 people. So I do plan to continue using Facebook. But after seeing a disturbing image when I went on Facebook to post a link to Trading With Cody article this morning, I’m going to have to make sure I ONLY come to my own personal Facebook page. I will do my best to NEVER look at my Facebook Feed again.
Here’s a deep thought: If Facebook, the company, didn’t also own Instagram and Whatsapp to offset how bad Facebook the social network has become, what would FB the stock be at? I’d bet FB the stock would be below $50 had Zuckerberg not saved his company by rolling up his biggest competitors while he had the chance.
Back to Cryptocurrencies….here’s a link that I neglected to include in this morning’s Trade Alert that I’m nibbling a second small tranche of Stellar Lumens. You can read The Great Cryptocurrency Crash book here.
With Bitcoin and every other crypto crashing again, I wonder what those cryptocurrency chartists who kept telling me that bitcoin and cryptos were about to explode higher and that I keep mocking are saying now?
This is a really true and funny and ironic comment from a Trading With Cody subscriber in the chat room this morning:
“I’m less than 30 and don’t own any crypto yet. Still doing a little research here and there. In no rush to buy. BUT, who would keep their Crypto holdings in anything but cold storage? Hacks on banks, Microsoft systems, etc etc the list goes on and on. Then again…. doesn’t it completely make the point of crypto (in some respects) useless if it’s in your safety deposit box?”
A good answer comes from another TWC sub in the chat room: “I understand what you mean, but just as you currently store your money in a physical safe, or federally insured bank or maybe another acceptably safe storage location, a currency exchange is not at the top of that list. That is what someone is doing by keeping their coins on the exchange you use to transact cryptos. Keeping a small amount there is not going to hurt you, but for large dollar values, a hardware wallet is the safest route. It’s not extremely time consuming to transfer back and forth from hardware wallets to exhanges.”
As far as buying Stellar Lumen and the best way to do it — well, I’ve explained before, to buy Stellar Lumens, it’s not easy just yet. Rather than try to explain how to buy Stellar Lumens, I’m just going to link to a Google search of “How to buy Stellar Lumens.” My colleague Jake Fistes has been helping me with my crypto purchases, but I’m stepping up and learning how to do it right now personally too. And, as always, I suggest you do some of your own homework before making any moves with your own money. Visit Stellar.org and visit this page about Stellar Lumen wallets and be careful out there, as always.
The Stellar Lumen is currently trading at around 24 cents. If Stellar becomes a winner, over time it will get much easier to buy Stellar Lumens and that would help create a virtuous cycle for the Stellar network and the Stellar Lumens.