To hear the bulls talking about crypto its all over now…
Everyone is getting ready to lose all their money…
But what if there were more to crypto than just money…
What if there were more to crypto than just a blockChain…
What if crypto were not what you think it is at all.
What if people are still making money with crypto right now while everyone else is still losing money…
Imagine the truth about crypto is that you can use STX crypto to make a residual income…
People are still making money buying and selling crypto but more than that people are still making better than 8 percent which is 7000 percent higher than the average savings account in the average po dunk bank account.
The average Bank account savings account is paying less than 0.025 some even less than that at 0.0028 and less in fact some banks charge you to have your money in their banks.
A local bank in a rural area is right now currently paying 0.25 percent. On top of that IF you apply for a loan the going Rural Rate for a collateralized loan is 18.4 percent while credit cards rates range as high as 38.9 percent…
So what is the deal with Crypto APY… It ranges anywhere from 5.0 percent APY to 12 percent APY…
Naturally do research look at what they offer and who they are.
Don’t just see a high percentage APY and think that sounds cool, Look Deeper.
What does it do…
How does it work…
Is it open source?
What do others think about it.
Look on the message boards and see if there are
What happened with FTX and the guy that is probably going to spend time in jail?
These things happen and they will continue to happen…
But it does not have anything to do with crypto itself.
It does not mean that bitcoin is now worthless.
What it does mean is that some of these exchanges are in need of help from authority.
This could happen to any bank if the people in charge of the bank were to take your money and disappear.
It does not mean that all banks are going broke.
So the next time you hear someone make a statement that crypto is now dead just remember that they said the same thing about crypto over 400 times in the last several years and guess what they were wrong then and they are still wrong now.