What is the Safest Crypto to Buy and Invest in Your Hard Earned Money?

If you were following the crypto industry news for the last year, or have invested in crypto during the bull run, you probably asked this question more than once in the last couple of months. Well, let me tell you that you are not alone. Thousands of people all around the world are speculating what crypto is safest to buy and what crypto has the highest potential, but also what is the safest place to buy and store the crypto.

I guess the only person who hasn’t been affected by this year’s crypto bear market are those who either weren’t exposed to any so they didn’t buy, or those who got into crypto now or way before and didn’t sell. But if you bought any cryptocurrency except Bitcoin in the last 1 and half years you are most likely questioning the true nature and reality of this fairly new industry. And it’s ok, again, you are not alone.

The ugly reality is that whether you bought any crypto or not, you lost your money, or the value of the money. Because if you just hold the cash under your pillow or in a bank, you have lost the purchasing power by the rapid pace during the 2020 and 2021 pandemic, and continue losing until now as we speak. The hyperinflation created by printing trillions of euros and dollars, or any other FIAT currency creeping on everyone at the hyper-speed. The sad thing is that not many people realize that until it’s too late and they have lost everything.

It’s critical to educate yourself on the topic of finance, especially the unconventional education, the true reality of the finance and monetary policy, and how totally corrupt the financial system is. They won’t teach this in schools because they don’t want you to know so you inevitably lose everything you have, own nothing and be happy.

Sounds familiar? Ok, now lets talk about crypto a slightly bit more positive news and facts.

Our Only Hope in the World of Finance and Ownership

The latest crypto boom and bust of 2021 taught us that not all cryptos are created equally and not all coins are good investment, especially when we are talking about investing long-term. In fact, actually the vast majority of crypto coins do not fall into that category except one, or maybe a handful few, and there are many good reasons for that.

This year, we learned the painful and expensive lesson with downfall of many crypto companies that ignored the risk of over exposure and became insolvent losing their and customers funds due to bad leadership and risk management, growing fast and falling even faster. Yes, we talk about TerraLabs, Celsius Network, Voyager, and the most painful and recent downfall of the second biggest crypto exchange FTX, just to name a few major companies. This crypto sh*t storm has affected the entire crypto industry and will take some time to recover.

So, what is the safest crypto to buy?

To no surprise it’s the first and the biggest one of all, BITCOIN!

 

 

The Big Difference Between Bitcoin and Other Cryptocurrencies

There are many technicalities that distinguish Bitcoin from other cryptos, but the biggest and most important difference is that Bitcoin is the only coin categorized as commodity, and for a simple reason.

There is no Issuer, CEO, or ICO funding, therefore there is nobody who controls that. It has the limited fixed supply that cannot be changed or adjusted, and it’s based on the proof of work (PoW) consensus algorithm that has built in the bitcoin halving that happens every 4 years which makes it also scarce.

These are just a few major reasons why Bitcoin is the No. 1 and only digital asset given to people to achieve true financial freedom long term.

If you would like to learn more on this topic I highly recommend to read books such as Bitcoin Standard: The Decentralized Alternative to Central Banking, Bank to the Future: How to Protect Your Future Before Governments Go Bust by Simon Dixon (check out his YouTube channel with hundreds of videos on Bitcoin and crypto topic), and also listen to interviews with Michael Saylor who explains the best what does Bitcoin mean for humanity and how it’s different from other crypto assets that cannot be the same.

Learn why the Bitcoin is the humanity’s only Hope for true financial freedom, conservation of energy, and fair financial system.

Simon Dixon BnkToTheFuture.com

When it comes to crypto investing, BnkToTheFuture is one of the older companies in the field. Founded by Simon Dixon, the man who wrote the first Bitcoin book called Bank to the Future: Protect Your Future Before Governments Go Bust, and presented at the first conference, the company is trying to make investing easier for the everyday person. They have had a lot of trouble following regulations, but they are making a lot of progress. However, there are still some critics who don’t trust them. If you’re considering joining this company, you should keep in mind that it will probably take a while to comply with regulatory requirements.

 

 

Celsius Network Trial News – November 2022 Update

Celsius Network is, or should I rather says was a company that claims to mine bitcoins and other crypto currency. It has a massive debt, with over $4.7 billion owed to its customers. It has about $167 million in cash on hand, which it says will provide it with ample liquidity for its restructuring. However, as of July 14, the company has only $4.3 billion in assets and $5.5 billion in liabilities.

The company admitted that it did not earn enough revenue to cover payouts to investors, but they inflated the price of the CEL coin. This behavior suggests a high degree of financial mismanagement. Furthermore, the company’s yield to existing investors may have been paid using the assets of new investors. As a result, Celsius Network is now in the process of bankruptcy.

If instructed, Pillay would investigate the Celsius Ponzi scheme, but she would only look at facts that would inform the inquiry and not reach any legal conclusions. This is the second time that Celsius has been accused of being a Ponzi scheme. In July, the CEO of KeyFi, Jason Stone, sued Celsius on charges of manipulating the crypto markets. In addition to these lawsuits, state regulators in Vermont have sought broader powers to investigate the company’s bankruptcy.

This investigation was prompted by numerous complaints from consumers of the Celsius Network. The company also received an investigation by 40 state securities regulators for alleged securities fraud and mismanagement. Despite this, the company has been able to retain the support of the creditors’ committee appointed in its bankruptcy case. The creditors’ committee is already investigating many aspects of the DOJ’s initial request.

 

Recent court documents from Celsius Network have been made public. They reveal the names and financial dealings of thousands of users. They also reveal wallet IDs and crypto transactions data. However, the information is still inconclusive. Therefore, users are encouraged to reconsider the firm’s privacy policies. The Celsius Network bankruptcy trial news is not encouraging and should be scrutinized closely.

The company’s bankruptcy case is a difficult one for both sides. As a result, a court-appointed examiner will be appointed to determine the company’s financial stability. If the company has not submitted a Chapter 11 reorganization plan, it will be forced to file for bankruptcy. It must also answer a number of legal questions regarding the company’s ownership of crypto and the crypto-currency that is being sold.

The trial highlights the problems that Celsius Network faces in the cryptocurrency world. While it was once a titan of the crypto lending industry, it is now facing bankruptcy and allegations that it is running a Ponzi scheme using the money of its customers to pay off early depositors. This has led to the lawsuit by a former Celsius Network investment manager and many, many, many more.

 

Salt Lending Company

 

SALT Lending is an online crypto lending platform that provides small businesses and individuals with personal loans. The company was launched in 2016 and is operated by Salt Blockchain Inc., a for profit entity, Salt Lending LLC. This service is unique because it offers loans without credit checks or collateral. This means that people with bad credit can take advantage of competitive rates. Holders of SALT coin also enjoy forgiving interest rates and fees, as well as flexible credit and LTV ratios. SALT also offers a stabilization feature that protects borrowers from market dips too.

SALT lending company uses decentralized blockchain and smart contracts to enforce the lending and borrowing processes. The company is licensed in nine countries and most states. However, it is not licensed in Europe yet, although it does plan to expand into other countries. The service offers a maximum loan amount of $50,000 with repayment options between three to twelve months. With SALT, you will be able to monitor your loan and deposit transactions using a mobile app. You can even opt for push notifications to stay updated on the status of your loan.

The fees for SALT loans depend on the type of loan, amount, and location of the borrower. You can check these fees using the handy calculator on the website. SALT will be transparent about the fees, and will let you know how much collateral you need. The service will allow you to borrow up to $50,000 if you meet all its requirements.

 

SALT is a good option for those who want to access a small business loan with low interest rates. The company allows small businesses to apply for loans from $5,000 to $25 million and offers three to twelve monthly payment windows. In addition, SALT provides comprehensive insurance coverage and multi-signature security for user funds. Users can also use different cryptocurrencies as collateral.

SALT has been growing steadily since its launch in December 2017. In the first few months after the company announced its lending platform, its price rose to $17. Users can trade SALT with other users on its website or on exchanges. The native token of SALT is also available to trade. If you have any unused SALT tokens, you can sell them on exchanges.

In addition to its user-friendly website, SALT has a dedicated loan manager who provides support through live chat, email, and phone. The company also offers an extensive FAQ section. Customers can also use a mobile application for tracking loan status, depositing and withdrawing money, and receiving notifications. And SALT also offers an insurance plan that covers their clients against theft and fraud.

Opening an account on SALT is very easy. The process is similar to most other cryptocurrency services: a valid email address, a password, and an invite code.