Tag: Cryptocurrency

  • What happens if a crypto wallet doesn’t accept my cryptocurrency but still clears?

    crypto wallet1 (3)

    What happens if a crypto wallet doesn’t accept my cryptocurrency but still clears?

    To resolve the issue, wait for your crypto wallet to come back online, open the messaging system, and ask for help. (i.e. “Is my wallet available?”) The help-desk person at the wallet’s headquarters should be able to give you the answer. If the wallet is not responding to you, try contacting the wallet’s help desk.

    What if I see a suspicious activity in my account?

    Stop accepting payments, just like your bank would. Contact your bank’s fraud department to investigate the suspicious activity, but also consider taking some precautions. Try limiting the amount of time that you remain online while your account is being hacked and you might also consider having an independent third party perform some of your online financial activity while your online bank account is vulnerable.

    Can I use my cryptocurrency to buy illegal goods?

    crypto wallet hacker

    No. However, exchanging cryptocurrencies like bitcoin to the more mainstream form of currency is a completely legitimate and transparent process. Once a currency has been verified by a bank, it is truly verifiable.
    Can my cryptocurrency be bought from an untrustworthy source?

    Unfortunately, cryptocurrencies are considered by many to be one of the safest ways to exchange value. But a handful of unscrupulous cryptocurrency dealers remain on the dark web, where some are known to charge commission rates as high as 20% for bitcoin and many others are believed to sell counterfeit crypto currency.

    Concerned about cryptocurrency? Consider investing in the U.S. dollar. Cryptocurrency can also be used for international transactions.

    How can I be sure my cryptocurrency is safe?

    crypto wallet theft

    Any cryptocurrency has the risk of being stolen by hackers.

    For that reason, many cryptocurrency exchanges are in different countries, which keeps hackers out.
    But, if you decide to use an online cryptocurrency exchange, there are a few things to consider.

    1. Do your research. Learn as much as you can about the exchanges that you are using and avoid transferring large sums of cryptocurrency to an exchange that you do not trust.
    2. Don’t spend cryptocurrency on any exchange that is not physically located in your country. International exchanges are highly regulated and may be subject to third-party involvement in your transactions.
    3. Make sure your crypto wallet software is kept up to date. Certain software may have security holes that are being exploited by hackers.

    How do I make sure my cryptocurrency is not being used for money laundering?

    Take advantage of anti-money laundering (AML) programs that have been developed by countries such as Switzerland to identify suspicious transactions and report them.

    Most of these programs track the movement of funds as they leave an account and the subsequent movement of those funds into an account of a commercial bank to determine whether any money laundering or terrorist financing activity has occurred.

  • What causes cryptocurrencies to spike or sharply fall in price?

    Market Conditions causes cryptocurrencies to spike or sharply fall in price.

    What causes cryptocurrencies to spike or sharply fall in price? It’s simple — market conditions.

    Bitcoin, the most popular cryptocurrency, fell as low as $6,300.27 per coin before climbing back above the $7,000 mark again. Bitcoin has spent much of its time since that high near $11,000 stuck in the $6,500 to $7,000 range.

    While bitcoin is the most famous of all cryptocurrencies, it’s far from the only one and is by no means the only valuable type of coin. A group of coins, known as altcoins, are also in the cryptocurrency space. Here’s the best way to invest in the most popular coins out there.

    Cryptocurrency investment strategy

    cryptocurrencies spike sharply fall price2

    Without a doubt, Bitcoin is the most well-known, but as the world’s most valuable cryptocurrency, it’s a bit narrow.

    Bitcoin and other cryptocurrencies have been in the public eye for several years now, and most people have heard of it.

    First, let’s establish what cryptocurrencies are. Let’s say you get paid $50 every month, but you’re just keeping the coins in a virtual wallet on your computer. You use this virtual wallet to pay your bills and transfer money online.

    Let’s say in the summer of 2016, a bunch of people start using these virtual wallets to make online purchases at “bitcoins.” These online purchases cost less in real money than what the payment processor, like PayPal or VISA, would charge.

    What happens next? What would it take to make more money off your “bitcoins”? How about when those payments are automated, and the payment processor can reduce the cost of the transaction by more than the cost of the bitcoins?

    Now, this is where things get interesting. Cryptocurrencies allow those people who hold these virtual wallets to make digital payments to anyone else in the world, instantly and anonymously. In other words, anyone with internet access can pay you for anything, anytime. The only requirement is that they have a private “wallet” on their computers.

    That’s when people really start looking at what they’re holding. And it’s why the price of these coins can skyrocket.

    Investing in crypto coins

    cryptocurrencies spike sharply fall price2

    Once you understand the concept, it’s simple to invest in them — the whole thing is a peer-to-peer network. There’s no central authority that controls how cryptocurrencies are issued or how transactions are processed.

    People and businesses can come together on these peer-to-peer networks and exchange money, assets, anything they want, and the network requires that the parties involved in the trade, or trade, agree on a value.

    So, one way to invest in crypto coins is to trade directly with another investor. It’s like buying stocks of a company.

    Also, a way to invest in crypto coins is to purchase virtual “wallets,” which allow people to make transactions.

    Once again, it’s a peer-to-peer system. Here, it’s the company that holds the coins that the owner of the wallet created for their transactions.

    It’s important to note that cryptocurrencies aren’t worth any more or less than they are. The cryptocurrency markets are basically a gamble on which ones will be the most valuable and will be adopted by more people.

    In short, all crypto coins fluctuate based on the value and adoption of each coin. A lot of speculation happens in these markets, too.

    That’s where Bitcoin and other cryptocurrencies are different from gold and real estate. Bitcoins aren’t scarce — we’ll get into the math on that in a moment — but the number of bitcoins that are created is capped.

    Gold has many people fooled, but it has truly little, if any, practical value. Just because gold can be used to make jewellery or people assume it has a practical use, that doesn’t make it valuable.

    The same can be said for real estate and stocks. When someone buys a home or stock, they’re betting they’ll be able to sell it at a profit. Many think there’s value in buying cryptocurrencies, but few can really explain why.

    That will all change in the future.

    Buying and owning crypto coins

    As you can see, investing in cryptocurrencies is an incredibly risky game. A lot of the theories floating around regarding why cryptocurrencies are so valuable are due to speculation.

    In other words, if cryptocurrencies are a real thing, they’ll be adopted by more people, and with more people, they’ll become more valuable.

    With that being said, there are a few cryptocurrencies that you can invest in that are more likely to become more popular and worth more.

    One example is Ethereum. It’s another virtual currency, created by a decentralized network. In other words, Ethereum uses its own blockchain for transactions.

    Another example is Bitcoin, which is currently the most popular cryptocurrency. Bitcoin’s blockchain is the only one that’s been cracked, which makes it difficult to be copied, which makes it extremely valuable.

    You can read more about Bitcoin and its blockchain in this article.

    Bitcoin and other cryptocurrencies are valuable, but a lot of people don’t know about them and are buying and holding some of the biggest and most popular.

    These crypto coins can really go in either direction. They’re susceptible to investor sentiment.

    Cryptocurrency investing is a game of speculation.

    Lastly, it’s important to note that the prices of most cryptocurrencies are based on how the market perceives them — in other words, the demand for the cryptocurrency.

    So, when the market values a cryptocurrency at a high level, that’s typically considered a suitable time to buy, as it shows people are buying into the market.

    On the flipside, when the market values a cryptocurrency at a low level, which means there aren’t that many people who want to buy it and that means they’re selling it, which typically indicates lower demand.

    Don’t invest if you don’t understand the cryptocurrency market.

    Bitcoin’s price is going to go down. That doesn’t mean cryptocurrencies won’t ever be valuable, but right now, cryptocurrency is a high-risk, high-reward kind of investment.

    Get in if you want to know where this market is going and how it will do from here. But if you invest in Bitcoin and other cryptocurrencies, I will highly suggest buying coins and holding for a few years before looking to sell them.

    If you buy now, you’re going to lose money. And if you’re looking to make a profit, this is one of the worst times to get in on it.

  • How does dogecoin go up?

    How does dogecoin go up?

    So, how does dogecoin go up? You can speculate on what will happen to dogecoin, but you can’t predict when it will happen.

    This article is going to be about the inner workings of dogecoin and the diverse ways people speculate on its future.

    How do people speculate on dogecoin?

    If you look on dogecoin.org, they have a page where you can type in what you think dogecoin is going to be worth in the future. They have links for actual currency, but what they do is let you type in what you think it will be worth in the future. They give you a value for dogecoin, and then they show you how much that would be worth in different currencies, like USD, Pound Sterling, Euros, and Gold.

    This is called a Rate Prediction.

    There is a way to calculate dogecoin’s rate predictions. For most people, they are going to be hugely different. But some people use the same equation for calculating dogecoin’s rate predictions.

    It’s not secret: Bitcoin uses the same equation to calculate it’s rate predictions.

    So, how does dogecoin use the same equation? The equation is called:

    dgp = a * (btc / t) ^ (t / 365) * (v / v0) * (1 + r)^(t/365)

    How does dogecoin go up?

    Where:

    dgp = dogecoin’s rate prediction

    a = dogecoin’s rate prediction

    btc = Bitcoin’s current rate

    t = how many days since the prediction

    v = dogecoin’s value

    v0 = Bitcoin’s value on the day of the prediction

    r = Bitcoin’s annual inflation rate

    What do they use as Bitcoin’s current rate?

    The easiest way to calculate it is to use the current rate of $1,000,000. This is $1,000,000 divided by $1,000,000 = 1.

    What do they use for Bitcoin’s value on the day of the prediction?

    They use the current rate of $1,000,000, which is the easiest way to calculate it. It’s an uncomplicated way to do it and it’s the one that is used the most.

    What is Dogecoin worth today?

    To stay updated with Dogecoin and to read more detailed information visit my dedicated Dogecoin page found here: Dogecoin | Will Dogecoin reach 1$? | Why is Dogecoin a joke? (lewis-anderson.com)

    https://lewis-anderson.com/dogecoin-can-i-make-money-with-it/

    Thanks for reading, please book mark and come back often to read more great articles.

  • What are NFTs? (non fungible tokens)

    NFT’s Meaning Non-Fungible Tokens

    NFTs, meaning (non-fungible tokens) are a type of cryptocurrency that are unique and cannot be interchangeable. This means that each individual token is unlike any other and has its own specific value on a blockchain network. They are often used to represent unique items in video games, virtual worlds, collectible comic books or artwork.

    An example of NFT (non-fungible token)

    One example of an NFT is an artwork on the blockchain that cannot be divided into smaller parts and has unique identifying information associated with it.

    nfts meaning non fungible tokens

    Are NFTs a worthwhile investment?

    The investment potential of NFTs is still relatively new and there is no one definitive answer. Some believe that they could hold value due to their rarity and the fact that a central authority does not control them. Others are more cautious, believing that the market for NFTs is still small and could be susceptible to price manipulation.

    As with any investment, it is important to do your own research before deciding whether to buy into NFTs.

    Are there any risks associated with NFTs?

    There are a few risks associated with NFTs, including:

    • Their value could be susceptible to price manipulation.
    • Their market could be small and illiquid, making it difficult to sell them if needed.
    • They could be susceptible to fraud or theft.
    • They may not be supported by all wallets and exchanges.

    As with any investment, it is important to do your own research into the risks associated with NFTs before deciding whether to invest.

    The Benefits of NFTs (non fungible tokens)

    There are several benefits that come with using NFTs. Here are some of the most notable:

    1. Increased security – One of the biggest advantages of NFTs is that they offer increased security. Since each token is unique, it is much harder for hackers to steal or corrupt them. This makes them a perfect choice for businesses and individuals who need to store sensitive data.
    2. Enhanced flexibility – Another advantage of NFTs is that they offer increased flexibility. Unlike traditional cryptocurrencies, NFTs can be used to represent a wide variety of assets. This makes them perfect for use in a variety of different settings.
    3. Increased transparency – NFTs also offer increased transparency. This is because all transactions that take place using NFTs are recorded on the blockchain. This makes it easy to track all activity and ensures that everything is above board.
    4. Increased liquidity – One of the biggest benefits of NFTs is that they offer increased liquidity. This means that they can be easily traded and exchanged for other cryptocurrencies or fiat currencies. This makes them a perfect choice for businesses and individuals who need to move money quickly and easily.
    5. Increased value – Finally, NFTs offer increased value. Because they are unique and cannot be replicated, they are often in high demand. This means that they can be worth significantly more than traditional cryptocurrencies.

    How to Use NFTs (non fungible tokens)

    There are a few ways that you can use NFTs. Here are some of the most popular:

    1. In video games

    One of the most popular uses for NFTs is in video games. Many video games now use NFTs to represent in-game assets. This can include anything from weapons and armour to clothes and cars.

    nfts meaning

    2. In virtual worlds

    NFTs are also popular in virtual worlds. In virtual worlds, NFTs can be used to represent anything from land to buildings. This allows users to create their own virtual world and customize it to their liking.

    3. In digital platforms

    NFTs are also popular in digital platforms. In digital platforms, NFTs can be used to represent anything from music to videos. This allows users to share and sell their content in a secure and reliable way.

    The Future of NFTs (non fungible tokens)

    The future of NFTs is looking bright. There is a growing demand for NFTs and more businesses and individuals are starting to see the benefits of using them. This is likely to continue in the future and NFTs are likely to become even more popular.

    So far, the only downside of NFTs is that they are still relatively new and few people know about them. However, this is likely to change in the future as more people learn about the benefits of using them.

    Conclusion

    NFTs are a form of cryptocurrency which are unique and may not be exchangeable. They offer a number of benefits, including increased security, enhanced flexibility, increased transparency, and increased liquidity. They are also in high demand and are likely to become even more popular in the future.

    If you are looking for a secure and flexible way to store your data, NFTs may be the perfect choice for you.

    Thanks for reading!

  • What is cryptocurrency, what is it used for and why do we need it?

    I wanted to cover in this article, cryptocurrency, cryptocurrency mining, cryptocurrency wallet, cryptocurrency exchanges and the best cryptocurrency exchanges. So, let’s start.

    Cryptocurrency is a digital currency which is secured through cryptography, in other words, a digital currency that uses encryption to prevent the duplication of a coin and to verify the transfer of funds.

    Cryptocurrency is the first virtual currency to be invented. Since the nineties, several other virtual currencies have been developed, such as e-gold, in the 2000s, and Bitcoin in 2009.

    In general, cryptocurrency is a type of digital currency that uses cryptography for security. Cryptocurrency is a digital coin that uses cryptography to help control the creation of monetary units and to verify the transfer of funds, operating independently of a central bank.

    How does cryptocurrency work?

    cryptocurrency work

    Cryptocurrency uses an open-source technology through a public ledger, where all transactions are verified and shared among users.

    Transactions are being confirmed by peers and recorded in a public distributed ledger called a blockchain. The transactions are recorded in a ‘public ledger’ of transactions with no central authority involved. In other words, it is a distributed public ledger where all transactions are recorded.

    The transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. The transactions are recorded in a ‘public ledger’ of transactions with no central authority involved. In other words, it is a distributed public ledger where all transactions are recorded.

    How many types of cryptocurrencies are there?

    There are 2,000 cryptocurrencies in the world, with more than 1,000 of them being considered active.

    Since the first cryptocurrency, Bitcoin, was invented in 2008, 1,000 more cryptocurrencies have been created.

    What are the benefits of using cryptocurrency?

    Cryptocurrencies are acting as a form of digital money that is not issued by any government or central bank. They are decentralized and can be transferred through a peer-to-peer network.

    What are the advantages of using cryptocurrency?

    Cryptocurrency has several advantages, including:

    Security – Transactions cannot be duplicated; they are irreversible and cannot be counterfeited.

    Privacy – Transactions are kept secret.

    Speed – Transactions are validated instantly.

    Low cost – Transactions are carried out at low costs.

    What are the disadvantages of using cryptocurrency?

    Despite the advantages, there are also some disadvantages to using cryptocurrencies, including:

    Losing a wallet – If you lose your wallet, you may lose all your bitcoins.

    Irreversible – Once you send your Bitcoins to someone else, they cannot be returned.

    No legal protection – Cryptocurrency is not covered by any government or central bank, so there are no protections if something goes wrong.

    What is Bitcoin?

    bitcoin

    Developed in 2009 Bitcoin is the first cryptocurrency to surface. It is the most valuable cryptocurrency in the world, with a market capitalization of over $250 billion.

    Where does cryptocurrency come from?

    Cryptocurrency is created using a distributed public ledger called a blockchain. The blockchain is a continuously growing list of records, called blocks, which are linked using cryptography.

    The blockchain is an ever-growing catalog of records, called blocks, which are connected using cryptography.

    What is the blockchain?

    The blockchain is a continuously growing list of records, called blocks, which are linked using cryptography.

    What is cryptocurrency mining?

    cryptocurrency mining

    Cryptocurrency mining is the process of authenticating transactions in the blockchain. The process of validating transactions on cryptocurrency is called mining. Mining is a process whereby cryptocurrency transactions are validated and added to the blockchain. New transactions are added to the blockchain by miners, and the miners are rewarded for the effort.

    Cryptocurrency mining is the process of verifying transactions on the blockchain. The process of validating transactions on cryptocurrency is called mining. Mining is the process by which cryptocurrency transactions are verified and added to the blockchain. New transactions are added to the blockchain by miners, and the miners are rewarded for the effort.

    What are cryptocurrency wallets?

    Cryptocurrency wallets store the public and private keys which allow users to send and receive funds.

    How do you mine cryptocurrency?

    As above the process of verifying cryptocurrency transactions is referred to as mining.

    Cryptocurrency mining is the process of verifying transactions on the blockchain. The process of validating transactions on cryptocurrency is called mining. Mining is the process by which cryptocurrency transactions are verified and added to the blockchain. New transactions are added to the blockchain by miners, and the miners are rewarded for the effort.

    What is the link between cryptocurrency and the stock exchange?

    Cryptocurrency is often compared with the stock market because it is based on supply and demand.

    What are the best cryptocurrency exchanges?

    The best cryptocurrency exchanges are:

    • Binance – Fast and easy to use, Binance is one of the best cryptocurrency exchanges for beginners.
    • Kraken – One of the largest cryptocurrency exchanges, which supports the highest number of cryptocurrencies.
    • Bitfinex – One of the most popular cryptocurrency exchanges where you can buy, sell, and trade Bitcoins and other cryptocurrencies.

    How do you buy cryptocurrency?

    There are several ways to buy cryptocurrency, such as:

    • Buying them with a credit card
    • Buying them with a bank transfer
    • Buying them with cash
    • Buying them with another cryptocurrency

    How do you buy cryptocurrency with cash?

    There are a few ways to buy cryptocurrency with cash, such as:

    • Buy it in person
    • Buy it with cash through a cryptocurrency ATM
    • Buy it online with cash

    How does cryptocurrency work in the stock market?

    Cryptocurrency is often compared with the stock market because it is based on supply and demand.

    What is the relationship between cryptocurrency and gold?

    Cryptocurrency is often compared with gold because they are both payment systems that offer an alternative to traditional currencies.

  • Dogecoin – Can I make Money with it? (Daily Value)

    Dogecoin – Can I make Money with it? (Daily Value)

    Hi, what is all this Dogecoin about? I have been mining Cryptocurrency since 2014 with my Gaming PC whenever I am not using it. I used to mine Dogecoin too, but Litecoin took it over and my hardware no longer supports mining Dogecoin, so I decided to write some details about what I have learned since Elon and all his wing flapping.

    How Well Do You Know Crypto?

    I am doing a quick survey to understand how well visitors and the public understand crypto currency. Can I ask you to please answer on a scale of 1 -10 below how well you understand it? It will help me with some research I am doing.

    [forminator_poll id=”647″]

    Dogecoin

    dogecoin-logo

    Dogecoin, is a cryptocurrency created by Jackson Palmer and Billy Markus. Billy and Jackson were Software engineers who worked at IBM and Adobe Systems at the time of inventing Dogecoin in 2013, I remember it vividly. It can be used like any Bitcoin to send payments securely and instantly to anyone in the world, aiming to be fun and avoid any banking fees, as we all know what happened in 2007 with the banking crisis.

    Increased vendors are accepting this cryptocurrency and the network has increased exponentially in value.

    The coin has ahead of the “Shiba Inu” dog from the “Doge” meme for the logo and name.

    The ISO 4217 Code is: DOGE

    dogecoin

    The current Circulating supply when typing this article: 127 billion.

    Released on the sixth of December 2013 and program within the language C++ Dogecoin is predicted to grow massively in the coming months and year, it has already doubled in the first two months of 2021. Elon Musk and other celebrities are boosting the confidence of investors in the currency by promoting and using the coin themselves. In the next 3 years, the coin should see massive growth.

    Built on the Scrypt algorithm, Dogecoin is rehashed from the open source p2p cryptocurrency Luckycoin and Litecoin. There is no limit to the number of Dogecoin which can be mined from the block and with one-minute intervals it’s incredibly faster than other blockchains.

    App for Dogecoin

    There is a Dogecoin Wallet that integrates all the amazing features of blockchain wallets, which is powered by Freewallet. An extremely user-friendly Android app can be found on the Google play store: https://play.google.com/store/apps/details?id=doge.org.freewallet.app

    Dogecoin Live Up-to-date price

    Why is Dogecoin a joke?

    doge meme
    the “doge” meme

    Dogecoin was in fact created as a joke originally by Billy and was working in Oregon at the time. The crypto was initially anonymous and no one knew its creator.

    So why is Dogecoin a joke? and why is it suddenly so serious? I read that Billy Markus wanted his cryptocurrency to be more publicly available and so got help from Jackson Palmer. He worked on the other side of the world in Australia, he purchased the domain name dogecoin.com representing the “doge” meme that was doing the rounds at the time. I know that doesn’t exactly answer Why is Dogecoin a joke? but that’s the fact of the matter, it was created as a joke.

    Why is Dogecoin so popular, all the sudden?

    How can something that started as a joke become so popular suddenly?

    The total value of Dogecoin in circulation almost reached $50 Billion on the 6th of May 2021 which is no joke for a digital currency that started as a joke. Its continued increase just shows it’s here to stay so it’s time to take Dogecoin seriously.

    Will Dogecoin reach $1?

    Will Dogecoin reach $1? – Is it worth investing in?

    On Tuesday, the 4th of May Dogecoin reached an all-time high and was trading for $0.53 halfway to $1. As there are countless different variations to account for when it comes to digital currency it’s extremely difficult to predict if dogecoin ever will reach $1 or not.

    So, with the information we have will Dogecoin reach 1$? On the 06 of May 2021 Dogecoin reached $0.66 so it’s getting higher and higher even though it does drop back down again.

    dogecoin

    The only reason Dogecoin shot up so high is that Elon Musk has Tweeted about the digital currency, which can also negatively impact. If a celebrity or infamous celebrity were to use it for criminal activity and it goes into the news, the value of the coins would drop massively.

    So, for now, I would say stick to Bitcoin if you were to invest or the coins with something more practical in the real world like Binance.

    With Binance Launchpool you can Farm New Tokens by Holding BNB, BUSD, and Other Cryptocurrencies.

    Binance Launchpool was only introduced earlier in 2021, by depositing BNB into a liquidity pool and allowing you to gain crypto tokens. You can farm your BNB and other currencies to gain crypto for free.  Sing up to Binance and start investing in crypto.

    How does dogecoin go up? | Cryptocurrency, Dogecoin, How To (lewis-anderson.com)


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