WOW! Crypto investing app hits #4 trending on Google Play Finance! Just below Paypal and Zelle!
Wow guys! Crypto Millionaire just hit #4 trending on Google Play Finance!
This is not only good news for the app, but also, for the entire world of Crypto investing. It's just amazing! A recently released Crypto Investing app just below Paypal and Zelle! It shows how much interest there is out there for crypto investing and how, even the little guys, can compete with the establishment! This is just the beginning!
This is all thanks to you guys, your comments, your ideas were all incorporated in the app and it helped it get to such a high distinction!
Crypto Millionaire on #4 place of trending apps on Google Plays Finance!
Here's my latest post about updates to the app below, please comment and share your thoughts
Hello my fellow Steemians and Crypto Investors,
The highly anticipated update to the Crypto Millionaire investing app is ready and successfully published at Google Play!
It was approved and published by Google just yesterday and finally today I have a little time to write about it and how excited I'm to announce it!
You talked and we listened! Most, if not all, of the futures requested by you, the great Steemians, crypto investors and online app reviewers, have been implemented. Whatever we left out or you feel will make this app even better please do share on the comments below.
The app has now been updated with the following:
- Improved order of coin holdings details
- Added advanced sorting functionality, just tap on the column names and have fun with it!
- Added ALL coins listed on CoinMarketCap, yes, even those shitty ones we all love to hate:) hehe
- Improved app description and text strings
- Fixed several issues when converting from fiat currencies, it's always complicated like relations :)
The app helps you create a balanced portfolio that holds the millionth of supply of the top crypto currencies by market cap.
The strategy is based on a combination of passive indexing (recommended and followed by investing legends Warren Buffet and Benjamin Graham) and the new “Millionth of Supply” investing strategy targeted to crypto currencies (popularized by Adam Meister of the Bitcoin Meister @bitcoinmeister Youtube channel at https://www.youtube.com/channel/UCsqKbe0_9D9gO48DeuDjbCg).
The goal of this strategy is to own a millionth of the supply of each of the top coins by market cap. This way you guarantee that if any of them succeeds in the future you will be part of the elite, the top 0.1 percenters and millionaires of the future. If any of the top coins (or some of them) succeed(s) and become(s) a widely used reserve currency you will be guaranteed to own a millionth of its supply.
More about this investing strategy in detail bellow
You can start investing with very little money every month, or buy the top coin’s millionth of supply right away. Either way you’ll be happy you did as good as possible without the stress of active investing, the FUD and FOMO so typical in this field.
Unless all coins fail, which is highly unlikely, you will very likely become a crypto millionaire by following this investing strategy with your disposable income (ONLY).
The app is free to use, however, it has non-obstructive ads to provide a bit of support to the work of the programmers who created it, with crypto love, from Cuba and Miami.
More features and an IOs version are on the way
Patience , patience my friends. App developing is very demanding work which takes lots of time and money so the more app installs and eyes seeing ads on this free app the faster I will be able to outsource some of the work, especially for the IOs version which I'm outsourcing almost 100%. So, the more you share it with your friends and make it useful for more people, the faster we'll all get to making it perfect!
Especial thanks to @bitcoinmeister, @taskmaster4450, @danpaulson, @pouchon, @outerground, @barrydutton, @chesatochi and @gold84 for their kind comments, encouragement and suggestions that made this app possible. Love you all!
Notes:
App pricing information feeds from CoinMarketCap.com’s API. To refresh swipe from the top.
This is not professional investment advice. I'm not your financial advisor. All investments carry a degree of risk. Only invest money you can afford to lose! Do NOT go into debt to invest.
This app DOES NOT collect or transmit to the internet any portfolio information. All portfolio data entered in the app can be entirely made up for education purposes and changed at will anytime.
What percentage should you invest in each coin to become a multi-millionaire? A winning index strategy
Investing in crypto is becoming a safer bet each year as Bitcoin and altcoins get older, improved and better established. We are still in the very early days of crypto and the opportunity to strike it rich is well within reach of most people, provided they have access to the internet, modern banking and a little disposable income. However, for most new investors coming into the crypto space deciding which coins to invest in and how much is a very complicated issue.
There’s so many of them, so much information, high tech jargon and amazing promises that sound more like lies uttered by politicians than from the nerdy developers that are pitching them. Every new coin is hyped, packaged and sold like the next Amazon... However, despite all the hype and noise, we can now say with a high degree of certainty that some of them will make it big in the future, but which one(s)?
Interesting fact: All users of crypto currencies today represent less than 1% of the number of current Facebook users. More details
The reality is, no one knows, whoever tells you they do, they are flat out lying, fooling you and themselves. This market looks very much like the early car industry in the United States. Thousands of car brands appeared everywhere, a lot of them were very promising (remember the DeLorean?), but most eventually went bankrupt, only a few succeeded in the long run.
So, how do I know which coins will succeed?
The simple answer is you DON’T. Trying to pick winners is very dangerous game that most people lose, those who don’t are demonstrably just plain lucky and end up losing everything the next time they bet big. The strategy that I’m introducing guarantees the winners come to you, rather than you pick them up.
How much money should I put in each?
This is a huge conundrum for most investors. With so many coins available and limited disposable income to invest it’s hard to distribute the funds in a sensible way.
Introducing the Millionth of Supply Passive Indexing strategy and the Crypto Millionaire app:
Crypto Millionaire is an app that feeds from the Coinmarketcap’s API and lists (or indexes) the top coins by market cap and daily trading volume. The coins at the top give you a pretty good idea of the current coins being favored by the market.
The goal of this strategy is to own a millionth of the supply of each of the top coins by market cap . This way you guarantee that if any of them succeeds in the future you will be part of the elite, the top 0.1 percenters and millionaires of the future. If any of the coins (or some of them) succeed(s) and become(s) a widely used reserve currency you will be guaranteed to own a millionth of its supply .
Screenshot of Crypto Millionaire showing the USD value needed to own the millionth of supply of the top coins ordered by market cap. Follow me @CryptoEagle for updates.
It doesn’t matter if you invest $100 dollars every month or $100,000 at once, your goal will be to own the millionth of the supply of the top coins as soon as possible by spending only disposable income . So, if for example, all you had is $100 dollars to invest monthly, you would invest this amount in each top coin according to the percentages shown, no more, no less. At the bottom of the app is the total amount in USD you would need to invest to do this for your favorite coins.
How rich will you be if you follow this strategy?
There are currently an estimated 10.5 trillion dollars in existence. If you owned a millionth of the supply of US dollars right now you would own about ten million five hundred thousand dollars!
In the United States alone, at end of 2016, there were 10.8 million millionaires, according to a study from Spectrem Group's Market Insights Report 2017.
Credit Suisse estimates there are about 35 million millionaires in the world (including all financial and nonfinancial wealth, such as assets, collectibles, and homes). If we compare this number to 21 million, the total number of Bitcoins that will ever exist, we can see that there won’t ever be enough Bitcoins in the world for every millionaire to even hold just one!
Also, this doesn’t account for the disruption of other industries such as remittances, Gold as a store of value and many other new uses of crypto currencies that we can’t even dream of today. As an example, if Bitcoin overtook just 5% of the market cap of Gold, a single bitcoin would be worth approximately $24,000 USD.
But, “introduce any crazy coin name here” is so great, the technology is amazing, so exciting. It’s the future, my guts tells me!
Yeah right, the market doesn’t care about your hunches, white paper promises, or all those great technologies that people sell as the best thing since Coca Cola. Nope, only market cap, volume and related network effect can tell you what coin will end up being favored by the market.
You must re-balance every once in a while
About every 3-6 months you should take a look at the index and re-balance it. If any coins dropped in market cap sell them and re-invest the money on the top coins until you own the millionth of their supply. If there are new coins rising to the top you should invest in them until you reach the goal as well, no more (over invest), no less (under invest). If you don’t do this you are risking missing the upcoming coins and keep investing in the long term losers.
Don’t invest on coins that only briefly come to the top
(Especial thanks to @famunger for contributing to this point)
Even though market cap gives you a pretty good idea of the top 4-5 coins, as you go down the list you will see, every once in a while, some temporarily overhyped coins that come up but can’t sustain their ranking and eventually crash. Only invest in coins that manage to maintain their top rankings for at least 3 months or more. Don’t fall victim to the Fear of Missing Out (FOMO) so typical in this world.
Advantages of this strategy:
You will be almost 99% guaranteed to become a multimillionaire by owning the top coins the market finally ends up favoring. You will certainly sleep like a baby!
You can start investing with very limited funds and continue investing periodically. Even if you don't get to own the millionth supply of every top coin you'll be certain you did as best as you could with your limited resources.
You won't over or under-invest in any particular coin and thus keep risks at a minimum.
You’ll skip all the typical drama of investing in cryto. The Fear of Missing Out (FOMO), the Fear, Uncertainty and Doubt (FUD), the daily crashes, the pumps and dumps etc. will not rattle your nerves and send shivers down your spine every time they happen.
Disadvantages:
This is a boring, long term, no feelings involved, passive strategy, you will not have the adrenaline rushes and enjoy or suffer all the crypto drama. Picking winners is reduced to a simple to follow probabilities game.
There may be coins that gain 1000 percent in a few weeks that won’t show up in the index until their market cap grows to the top and which you will miss but, on the bright side, you’ll also miss the big losers, the suicide inducing and family wrecking crashes.
There’s still the slight possibility (the 1% chance) that the entire crypto world is a huge bubble that will never work, the Internet could come crashing down after an EMP attack or a meteorite could strike earth... In which case we are all screwed anyways and should worry more about food and bullets to fight the zombies...
CHECK OUT MY PREVIOUS POSTS:
"It's Been Dismal" - Gold Coin Sales Slump As 'Bugs' Bounce To Bitcoin
Bitcoin All-Time-High on Google Trends - 91% strong correlation with its price
Why China (or governments) can’t stop crypto
ETHEREUM’S RAIDEN VS BITCOIN’S LIGHTENING – What’s happening?
SEE THE CHARTS! Segwit progressing slow but already helping ease congestion in the Bitcoin network
Tell me what you think of this post in the comments below. This is not professional investment advise. I'm not your financial advisor. Only invest money you can afford to lose!
Follow me for updates news and commentary on "sane" crypto investing.
Happy crypto investing!
Quite a few info.
This post is a testament on how we need to understand and set our mind to embrace cryptos for long term.
I am in.
This tells you that despite the current bear market there's a lot of interest out there for Crypto investing! This is just the beginning! regards my friend!
Crypto/BTC is a great way.The earliest way to get rich and not just make money with crypyo is to buy BTC and hold for year or two..........
I think something problem. whats wrong sir?
Read my slogan above: I’ll only upvote meaningful comments
Great content. I Use blockfolio which seems to do the same job on IOS. But is nice to seem adoption reach more and more places every day!
Thanks Ray!
I'm working on an iOS version as well but it's taking time. Will post here when it's ready for sure. The app has some similarities with BlockFolio but this is more an investing strategy, rather than portfolio tracking. best regards!
Yeah, I see you have different features and I know how long it takes to develop good apps. share when you are ready and I will be happy to give it a try!
This is so great! You got the great point here......
so helpful post for us.
thanks @cryptoeagle:-)
@cryptoeagle ! This was a great post, I wish it was here within the 7 day period to give a great upvote!
I am going to write about yout App in my blog right now!
Regards, @gold84
Thank you @Gold84, I've been working on updates to the app and very busy. The new version will feature news related to each coin and a paid version without ads. Regards
Great news @cryptoeagle ! Are you a developer or have people doing it?
Regards, @gold84
Both, I have people helping but also develop and advise on the crypto features. Truth is I don't have time to do it all myself
@cryptoeagle, Great job so far!
Regards, @gold84
Bitcoin is one of the biggest opportunities since the invention of the internet itseif....great times to be around..............................
i know about this app ....its really amazing app ....everyday we doing 10 resteem post .....to day we goona resteem your post becuse its reayy helpfull and knowlageble ....thanks for shereing
Great Invention. Crypto investing app.I like activities. Thanks for sharing such a exclusive post. Follow and resteem.
you are great soul @cryptoeagle:-)
Congrats on the wonderful accomplishment. Hopefully many Steemians downloaded it. I tried to spread the world as much as I could.
By the way, how many downloads does the app have?
I will continue to spread the message...I have 3 downloads for you as soon as the IOS version comes out.
Thanks for showing us the wonderful talents Steemians have on here.
It was a big surprise this morning for me. I guess it was because of the rate of growth, not because of the number of users. No way the app is competing with Zelle at 50 million users! hehehe. I believe the app currently has somewhere around 10k users, it's difficult to tell because they don't give you the exact number. I do know for sure it's getting 30K ad views daily, I get that number thorough admob. Anyways, it's still great news to make it to the list and it tells you that despite the current bearish news and situation there's plenty of interest and growth in crypto out there. regards
Even at 10K downloads...that is really awesome...
Sorry to disappoint you, but of those 30K views each day, I account for 25K of them.
I told you I was wearing a hole in my screen swiping it. I guess I need to address my OCD a bit more.
In all seriousness, I think you have a winner having an app for crypto. I wonder where all those people came from. I know many on here are into crypto but I am not sure we could reach 10K....
I wonder where else you are attracting attention from.
that's pretty cool to know....
thats great information..
thanks for sharing
This is a PHENOMENAL post my Friend! Thank you VERY much for sharing! Cryptos are the PRESENT and FUTURE! I am encouraging my Family, Friends and Clients to join Steemit! It is such a VERY kind and helpful Community! Steemit is giving People hope! All the best my Friends! Positive Energy! Great Karma! I'm upvoting and I am honored to follow @cryptoeagle :)
i use this apps .thanks for your important apps