How To make Money With Cryptocurrencies

21 Wednesday Feb 2024

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Over the last few years, cryptocurrencies have proven to be great investments and a trading market. And as the crypto market continues to develop and evolve, there are also new ways and strategies for retail investors to make money.

“Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.”

Cryptocurrencies have become one of the most actively traded assets in recent years. The reasons are diverse: first, they are affordable, and you can buy millions of tokens by investing as little as $100. Another reason is that building a diversified portfolio with cryptocurrencies is easy.

While, in most cases, people simply buy and sell cryptos to speculate on price changes and generate money, there are multiple other options to make money with a cryptocurrency.

8 Best Ways to Make Money With Cryptocurrency in February 2024

1.- Investing Early in Brand New Projects at the Presale Stage

For those who can’t afford to invest in well-established crypto projects, there is an excellent alternative: the New crypto projects. As the market proliferates, more projects are introduced regularly. Not all of them are promising or legit, but if you can find the best and invest in their development’s early stages, you can make massive money from brand-new projects. Before their official launch, it is common among the new crypto projects to conduct private and public presales. During these events, their native tokens are not yet official, but the developing team offers to buy them in the presale stage at low prices once the crypto is officially launched and sent to the presale buyers’ wallets.

2.- Buying Established Crypto Coin Like Bitcoin and Holding Long-Term

Perhaps, the best and the most popular method to make money with cryptocurrency is simply investing in a well-established or promising crypto project in the long term. Established crypto projects are backed with sophisticated plans, introduce new features into the industry, and try to solve real-world problems. These cryptocurrencies are not like speculative assets, which will lose their value once the trend ends. They are quite well-established and will gradually draw attention, growing their demand. If more and more people are interested in a crypto project and invest in it, its value will increase. Consequently, you will benefit from the increased price and generate good rewards in the long term. It is incredibly profitable to invest in assets with low supply. It works perfectly with cryptocurrencies as long as they are decentralized, and no single party can decrease or increase their supply.

3.- Creating a Mixed Crypto Portfolio and Holding Mid-Term

Another great way to make money with crypto is to build a cryptocurrency portfolio that is especially useful in risk management. Building a crypto portfolio means investing in some different crypto assets, including Bitcoin, the best altcoins, and even NFTs which are an emerging asset class of their own. One of the most crucial things to consider when creating a crypto portfolio is to make it diversified. If you invest all your money in one coin, there is a higher risk of losing your capital when the asset crashes. But if you invest in multiple cryptocurrencies, you can reduce the risks of losing money even if some of your assets lose their value. If no massive crash in the market affects all the cryptos, your diversified crypto portfolio will go through minor crashes associated with two or three coins.

There are two ways of building a diversified portfolio: investing in coins with different market caps and investing in versatile crypto projects or competing projects. Classified by market capitalizations, cryptocurrencies fall into three large groups: small, mid, and large-cap. Large-cap cryptocurrencies are the most well-established cryptos: they are less risky, but the rewards are lower. In contrast, cryptos with small market caps include higher risks, and the rewards are higher too.

When selecting a crypto exchange or a platform that will fit best to build a diversified portfolio, you need to select the one that supports many crypto coins, provides diversifying tools, and is secure to hold your cryptos.

4.- Staking Crypto in an Exchange

If you have invested in cryptocurrencies that operate on the Proof of Stake blockchains, you may want to use them for extra rewards instead of keeping them idle. This process is known as staking and is one way to earn crypto using your assets for the time you will be holding them. You lock away a certain amount of your tokens for a specific time to participate in the network securing and transaction validation process. When you stake cryptocurrencies, you earn interest rates for the period you have staked them. Hence, when looking for a staking platform, you must pay attention to how much interest rates the platform pays.

Security is another top priority to consider in a staking platform if you lock your assets and need to keep them secure. Among the most popular staking platforms is OKX, and the decentralized platform Defi Swap which will support staking with high-interest rates. 

Besides staking, there is another way to generate extra money through your idle assets. It is called landing. Some decentralized cryptocurrency exchanges have a pool where users can lend tokens for a specific time, and others can borrow cryptos if needed. Those who lend tokens are granted some rewards, and the borrowers pay interest rates to them for borrowing their money. So, lending is another way to make money with crypto, where you again lock up some tokens to gain interest rates.

5.- Day Trading Cryptocurrencies

Due to their volatility, cryptocurrencies can be highly profitable even for one day. Hence, day trading is one of the most popular ways of making money with crypto. It is called day trading because you take advantage of the frequent price changes of crypto assets to open and close multiple positions during the same trading day. In this way, you make a little profit from frequent trades and can generate massive money throughout the day. However, day trading is not a straightforward process. To be able to day trade cryptocurrencies, you must have at least a basic understanding of the market and learn how to analyze crypto charts and graphs. In this way, you can understand if the value of the asset you want to benefit from will increase or decrease over time.

6.- Free Crypto Drops and Crypto Faucets

Crypto faucets and airdrops are two alternative ways to earn free crypto if you don’t want to risk your money. These methods enable you to earn cryptos without investing anything in them, but the rewards are small too. At least, you don’t put anything at risk and don’t need to develop any special skills, but you can spend some of your free time on it and earn little rewards. Airdrops are events carried out by new cryptocurrency projects during which they send a certain number of tokens to different wallets. In most cases, you will have to do interaction with their project. For example, if it is a decentralized exchange, they may airdrop cryptos to those wallets that have conducted transactions on their platforms. Even though the cryptocurrencies airdropped to your wallet may not be that valuable initially, they may increase over time. Once the cryptocurrency is officially launched, it will gain more value and even reach high prices if the project draws massive attention from investors.

Faucets are another easy way to generate small crypto rewards. These mobile apps or platforms allow you to play games or accomplish tasks and get small rewards in cryptos. Hundreds of platforms are designed for this purpose, and the tasks significantly vary from platform to platform. Sometimes, it can be extremely simple, such as solving the captchas. On our list of all the ways to make money with cryptocurrency, this is one of the easiest; however, the rewards are also small. Other platforms may require playing games and reaching a particular milestone, after which you will be rewarded. It is important to note here that money earned from faucets is relatively low, but it is the safest way of making money with crypto. Play-to-earn games are like faucets: you play and get rewarded for winning competitions or completing specific tasks. But the difference is that those rewards may be higher than with the faucets, and you will need some initial investment to access the platforms.

7.- Going All-In with Altcoins

Altcoin stands for alternative coin, and the word is coined to describe all the other cryptocurrencies created as alternatives to Bitcoin. If you think it’s already too late to invest in Bitcoin, it’s never too late to invest in altcoins. Hundreds of new altcoins are created monthly, and you have a vast selection of assets with thousands of options to purchase. New exciting altcoin projects occasionally spring up in the market, along with some well-established altcoins. These projects refer to different aspects of the DeFi ecosystem, including blockchain gaming, decentralized exchanges, programmable platforms, payment systems, etc. Investing in such promising altcoins during the early stages of their development can be a huge success for you once these projects have finished their presale stage and start to catch investors’ attention.

8.- Crypto Lotteries and Casinos

Like traditional casino and lottery platforms, cryptocurrency casinos incorporate blockchain technology with gaming and lottery elements, giving online gambling a great experience. As with traditional lottery platforms, blockchain lotteries enable you to purchase tickets and participate in competitions. When the drawn lotto numbers match with the numbers of your lottery tickets, you get rewarded from the jackpot pool. The most significant difference between traditional and blockchain-based lottery platforms is that the latter use cryptocurrencies for the ecosystem. You need to buy tickets through cryptos, and the rewards you get are in cryptos. 

Risk Disclaimer

Cryptocurrencies stand out with high volatility, meaning their prices change quite often and fluctuate extensively. On the one hand, it is advantageous if you can quickly generate high rewards. The higher the rewards, the higher the risks. This is because, in most cases, cryptocurrencies are not governed by a single authority or company. They are decentralized, and their value is influenced by the supply and demand ratio. It means that the risk of losing your money is relatively high. Even though you can make money with crypto, you can never be sure your investment will succeed. The least you can do to manage the risks is to explore the project carefully, read its white paper, and get familiar with the team behind the project and its roadmap.

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.

Cryptocurrencies Trading Is a Risky Venture

19 Monday Feb 2024

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Cryptocurrency: Risk Or Opportunity? The Good, The Bad, & The Ugly

Cryptocurrency trading is becoming more and more popular, but with it comes risks. If you’re considering investing in crypto, understanding the potential pitfalls of cryptocurrency trading risks is essential to success.

For Financial Advisors, family offices, and investors alike, 2023 and the first months of 2024 will go down in the history books as one of the most significant with respect to cryptocurrency. Many cryptocurrencies reached all-time highs and the first ever Bitcoin ETF was approved by The SEC in the United States.

Pros & Cons of investing in Cryptocurrencies

Cryptocurrencies allow for a few positive externalities such as: offer an opportunity to gain significant return in a short time. The cryptocurrency market is constantly evolving and changing 24/7.

Due to their volatile nature prices can fluctuate significantly over short periods making it difficult for even experienced traders to predict where prices will go next, meaning profits could easily turn into losses if not managed properly. Secondly, because most exchanges operate outside government regulation there is always a risk that funds may be lost through hacking attacks or fraudsters taking advantage of unsuspecting users who do not know how best to protect themselves online. Finally, some countries may impose taxes on profits made from crypto investments, so it is important for individuals living in those jurisdictions to understand what their obligations are beforehand, so they do not get caught out later down the line.

Cryptocurrency trading is an exciting way to invest in digital assets, but it comes with certain risks that should be considered.

Cryptocurrency trading can be a lucrative venture, but it is important to understand the risks associated with this type of investment. Volatility risk is one of the most significant risks when trading cryptocurrencies. Cryptocurrencies are known for their high volatility and prices can change drastically in a short period of time. This means that traders need to be prepared for sudden price changes and have strategies in place to manage them effectively.

Liquidity risk is another major concern when trading cryptocurrencies. Liquidity refers to how easily an asset can be bought or sold without affecting its price significantly. Low liquidity means that it may take longer to buy or sell large amounts of cryptocurrency, which could lead to losses if the market moves against you before your order has been filled.

Regulatory risk is also something that traders should consider when investing in cryptocurrencies as regulations vary from country to country and even within countries themselves. It’s important for investors to stay up to date on any new laws or regulations related to cryptocurrency trading so they don’t get caught off guard by unexpected changes in policy that could affect their investments negatively.

Finally, security risk must also be considered when dealing with cryptocurrencies as there have been numerous cases of hacking attacks resulting in stolen funds over the years due to weak security protocols employed by exchanges and other platforms offering crypto services. To minimize this risk, investors should only use reputable exchanges with strong security measures such as two-factor authentication (2FA) and cold storage solutions like hardware wallets whenever possible.

Crypto trading can be a risky venture, but understanding the risks involved is key to minimizing them. By following these tips and doing your research, you can make informed decisions that will help protect your investments. Now let’s look at how to minimize those risks.

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.

Cryptocurrencies Trading Is a Risky Venture

19 Monday Feb 2024

Posted by in General

≈ Leave a comment

Tags

, , , ,

Cryptocurrency: Risk Or Opportunity? The Good, The Bad, & The Ugly

Cryptocurrency trading is becoming more and more popular, but with it comes risks. If you’re considering investing in crypto, understanding the potential pitfalls of cryptocurrency trading risks is essential to success.

For Financial Advisors, family offices, and investors alike, 2023 and the first months of 2024 will go down in the history books as one of the most significant with respect to cryptocurrency. Many cryptocurrencies reached all-time highs and the first ever Bitcoin ETF was approved by The SEC in the United States.

Pros & Cons of investing in Cryptocurrencies

Cryptocurrencies allow for a few positive externalities such as: offer an opportunity to gain significant return in a short time. The cryptocurrency market is constantly evolving and changing 24/7.

Due to their volatile nature prices can fluctuate significantly over short periods making it difficult for even experienced traders to predict where prices will go next, meaning profits could easily turn into losses if not managed properly. Secondly, because most exchanges operate outside government regulation there is always a risk that funds may be lost through hacking attacks or fraudsters taking advantage of unsuspecting users who do not know how best to protect themselves online. Finally, some countries may impose taxes on profits made from crypto investments, so it is important for individuals living in those jurisdictions to understand what their obligations are beforehand, so they do not get caught out later down the line.

Cryptocurrency trading is an exciting way to invest in digital assets, but it comes with certain risks that should be considered.

Cryptocurrency trading can be a lucrative venture, but it is important to understand the risks associated with this type of investment. Volatility risk is one of the most significant risks when trading cryptocurrencies. Cryptocurrencies are known for their high volatility and prices can change drastically in a short period of time. This means that traders need to be prepared for sudden price changes and have strategies in place to manage them effectively.

Liquidity risk is another major concern when trading cryptocurrencies. Liquidity refers to how easily an asset can be bought or sold without affecting its price significantly. Low liquidity means that it may take longer to buy or sell large amounts of cryptocurrency, which could lead to losses if the market moves against you before your order has been filled.

Regulatory risk is also something that traders should consider when investing in cryptocurrencies as regulations vary from country to country and even within countries themselves. It’s important for investors to stay up to date on any new laws or regulations related to cryptocurrency trading so they don’t get caught off guard by unexpected changes in policy that could affect their investments negatively.

Finally, security risk must also be considered when dealing with cryptocurrencies as there have been numerous cases of hacking attacks resulting in stolen funds over the years due to weak security protocols employed by exchanges and other platforms offering crypto services. To minimize this risk, investors should only use reputable exchanges with strong security measures such as two-factor authentication (2FA) and cold storage solutions like hardware wallets whenever possible.

Crypto trading can be a risky venture, but understanding the risks involved is key to minimizing them. By following these tips and doing your research, you can make informed decisions that will help protect your investments. Now let’s look at how to minimize those risks.

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.

NEVER PUT TOO MUCH TRUST IN FRIENDS, LEARN HOW TO USE ENEMIES

30 Tuesday Jan 2024

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Be wary of friends, they will betray you more quickly than your enemies, for they are easily aroused to envy. They also become spoiled and tyrannical. But hire a former enemy and he will be more loyal than a friend, because he has more to prove.  In fact, you have more to fear from friends than from enemies. If you have no enemies, find a way to make them.

WORK WITH YOUR ENEMIES

It is natural to want to employ your friends when you find yourself in times of need. The world is a harsh place, and your friends soften the harshness. Besides, you know them. Why depend on a stranger when you have a friend at hand?

The problem is that you often do not know your friends as well as you imagine. Friends often agree on things in order to avoid an argument. They cover up their unpleasant qualities so as to not offend each other. They laugh extra hard at each other’s jokes. Since honesty rarely strengthens friendship, you may never know how a friend truly feels. Friends will say that they love your poetry, adore your music, envy your taste in clothe, maybe they mean it, often they do not.

When you decide to hire a friend, you gradually discover the qualities he or she has kept hidden. Strangely enough, it is your act of kindness that unbalances everything. People want to feel they deserve their good for­ tune. The receipt of a favor can become oppressive: It means you have been chosen because you are a friend, not necessarily because you are de­ serving. There is almost a touch of condescension in the act of hiring friends that secretly afflicts them. The injury will come out slowly: A little more honesty, flashes of resentment and envy here and there, and before you know it your friendship fades. The more favors and gifts you supply to revive the friendship, the less gratitude you receive.

The problem with using or hiring friends is that it will inevitably limit your power. The friend is rarely the one who is most able to help you; and in the end, skill and competence are far more important than friendly feelings. All working situations require a kind of distance between people. You are trying to work, not make friends; friendliness only obscures that fact. The key to real power and collaboration is the ability to judge who is best able to further your interests in all situations. Keep friends for friendship but work with the skilled and competent.

Your enemies, on the other hand, are an untapped gold mine that you must learn to exploit. A person who has something to prove will move mountains for you. You destroy an enemy when you make a friend of him. Make it a pol icy of working with those who disagreed with you. But do not forget, without enemies around us, we grow lazy; an enemy at our heels sharpens our wits, keeping us focused and alert. It is sometimes better, then, to use enemies as enemies rather than transforming them into friends or allies. Without a worthy opponent, a man or group cannot grow stronger.

Such a strategy of constant conflict has several key components. First, be certain that in the long run you will emerge victorious. Never pick a fight with someone you are not sure you can defeat. Second, if you have no apparent enemies, you must sometimes set up a convenient target, even turning a friend into an enemy. Third, use such enemies to define your cause more clearly to the public, even framing it as a struggle of good against evil. A sharply defined enemy is a far stronger argument for your side than all the words you could possibly put together.

Never let the presence of enemies upset or distress you-you are far better off with a declared opponent or two than not knowing where your real enemies lie. The man of power welcomes conflict, using enemies to enhance his reputation as a surefooted fighter who can be relied upon in times of uncertainty.

EXCEPTION TO THE RULE

Although it is generally best not to mix work with friendship, there are times when a friend can be used to greater effect than an enemy. There are occasions, for example, where dirty work has to be done, but for the sake of appearances it would be preferable to have other people do it for you; friends often do this the best, since their affection for you makes them willing to take chances. Also, if your plans go awry for some reason, you can use a friend as a convenient scapegoat. Of course, after you play that card, you have lost your friend forever. It is best, then, to reserve the scapegoat role for someone who is close to you but not too close.

Finally, the problem about working with friends is that it confuses the boundaries and distances that working requires. But if both partners in the arrangement understand the dangers involved, a friend often can be employed to great effect. You must never let your guard down in such a venture, however; always be on the lookout for any signs of emotional disturbance such as envy and ingratitude. Nothing is stable in the realm of power, and even the closest of friends can be transformed into the worst of enemies.

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

NEVER PUT TOO MUCH TRUST IN FRIENDS, LEARN HOW TO USE ENEMIES

30 Tuesday Jan 2024

Posted by in General

≈ Leave a comment

Tags

Be wary of friends, they will betray you more quickly than your enemies, for they are easily aroused to envy. They also become spoiled and tyrannical. But hire a former enemy and he will be more loyal than a friend, because he has more to prove.  In fact, you have more to fear from friends than from enemies. If you have no enemies, find a way to make them.

WORK WITH YOUR ENEMIES

It is natural to want to employ your friends when you find yourself in times of need. The world is a harsh place, and your friends soften the harshness. Besides, you know them. Why depend on a stranger when you have a friend at hand?

The problem is that you often do not know your friends as well as you imagine. Friends often agree on things in order to avoid an argument. They cover up their unpleasant qualities so as to not offend each other. They laugh extra hard at each other’s jokes. Since honesty rarely strengthens friendship, you may never know how a friend truly feels. Friends will say that they love your poetry, adore your music, envy your taste in clothe, maybe they mean it, often they do not.

When you decide to hire a friend, you gradually discover the qualities he or she has kept hidden. Strangely enough, it is your act of kindness that unbalances everything. People want to feel they deserve their good for­ tune. The receipt of a favor can become oppressive: It means you have been chosen because you are a friend, not necessarily because you are de­ serving. There is almost a touch of condescension in the act of hiring friends that secretly afflicts them. The injury will come out slowly: A little more honesty, flashes of resentment and envy here and there, and before you know it your friendship fades. The more favors and gifts you supply to revive the friendship, the less gratitude you receive.

The problem with using or hiring friends is that it will inevitably limit your power. The friend is rarely the one who is most able to help you; and in the end, skill and competence are far more important than friendly feelings. All working situations require a kind of distance between people. You are trying to work, not make friends; friendliness only obscures that fact. The key to real power and collaboration is the ability to judge who is best able to further your interests in all situations. Keep friends for friendship but work with the skilled and competent.

Your enemies, on the other hand, are an untapped gold mine that you must learn to exploit. A person who has something to prove will move mountains for you. You destroy an enemy when you make a friend of him. Make it a pol icy of working with those who disagreed with you. But do not forget, without enemies around us, we grow lazy; an enemy at our heels sharpens our wits, keeping us focused and alert. It is sometimes better, then, to use enemies as enemies rather than transforming them into friends or allies. Without a worthy opponent, a man or group cannot grow stronger.

Such a strategy of constant conflict has several key components. First, be certain that in the long run you will emerge victorious. Never pick a fight with someone you are not sure you can defeat. Second, if you have no apparent enemies, you must sometimes set up a convenient target, even turning a friend into an enemy. Third, use such enemies to define your cause more clearly to the public, even framing it as a struggle of good against evil. A sharply defined enemy is a far stronger argument for your side than all the words you could possibly put together.

Never let the presence of enemies upset or distress you-you are far better off with a declared opponent or two than not knowing where your real enemies lie. The man of power welcomes conflict, using enemies to enhance his reputation as a surefooted fighter who can be relied upon in times of uncertainty.

EXCEPTION TO THE RULE

Although it is generally best not to mix work with friendship, there are times when a friend can be used to greater effect than an enemy. There are occasions, for example, where dirty work has to be done, but for the sake of appearances it would be preferable to have other people do it for you; friends often do this the best, since their affection for you makes them willing to take chances. Also, if your plans go awry for some reason, you can use a friend as a convenient scapegoat. Of course, after you play that card, you have lost your friend forever. It is best, then, to reserve the scapegoat role for someone who is close to you but not too close.

Finally, the problem about working with friends is that it confuses the boundaries and distances that working requires. But if both partners in the arrangement understand the dangers involved, a friend often can be employed to great effect. You must never let your guard down in such a venture, however; always be on the lookout for any signs of emotional disturbance such as envy and ingratitude. Nothing is stable in the realm of power, and even the closest of friends can be transformed into the worst of enemies.

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

NEVER OUTSHINE THE MASTER

29 Monday Jan 2024

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“Always make those above you feel comfortably superior. In your desire to please and impress them, do not go too far in displaying your talents or you might accomplish the opposite: inspire fear and insecurity. Make your masters appear more brilliant than they are, and you will attain the heights of power.“

OBSERVANCE OF THE LAW

All masters want to appear more brilliant than other people. They do not care about science or empirical truth or the latest invention; they care about their name and their glory. Instead of insecurity you must give them glory. You shall not challenge their intellectual authority.

KEYS TO POWER

Everyone has insecurities. When you show yourself in the world and display your talents, you naturally stir up all kinds of resentment, envy, and other manifestations of insecurity. This is to be expected. You cannot spend your life worrying about the petty feelings of others. With those above you, however, you must take a different approach: When it comes to power, outshining the master is perhaps the worst mistake of all.

Those who attain high standing in life are like kings and queens: They want to feel secure in their positions, and superior to those around them in intelligence, wit, and charm. It is a deadly but common misperception to believe that by displaying and vaunting your gifts and talents, you are winning the master’s affection. He may feign appreciation, but at his first opportunity he will replace you with someone less intelligent, less attractive, less threatening. He will not admit the truth but will find an excuse to rid himself of your presence. This Law involves two rules that you must realize. First, you can inadvertently outshine a master simply by being yourself. There are masters who are more insecure than others, monstrously insecure; you may naturally outshine them by your charm and grace. The lesson is simple: If you cannot help being charming and superior, you must learn to avoid such monsters of vanity. Either that or find a way to mute your good qualities when in the company of such a person. Second, never imagine that because the master loves you, you can do anything you want. Remember the following: Never take your position for granted and never let any favors you receive go to your head.

Knowing the dangers of outshining your master, you can tum this Law to your advantage. First you must flatter and puff up your master. Overt flattery can be effective but has its limits; it is too direct and obvious and looks bad to other courtiers. Discreet flattery is much more powerful. If you are more intelligent than your master, for example, seem the opposite: Make him appear more intelligent than you. Act naive. Make it seem that you need his expertise. Commit harmless mistakes that will not hurt you in the long run but will give you the chance to ask for his help. Masters adore such requests. A master who cannot bestow on you the gifts of his experience may direct rancor and ill will at you instead.

If your ideas are more creative than your master’s, ascribe them to him, in as public a manner as possible. Make it clear that your advice is merely an echo of his advice.

If you surpass your master in wit, it is okay to play the role of the court jester, but do not make him appear cold and surly by comparison. Tone down your humor if necessary and find ways to make him seem the dispenser of amusement and good cheer. If you are naturally more sociable and generous than your master, be careful not to be the cloud that blocks his radiance from others. He must appear as the sun around which every­ one revolves, radiating power and brilliance, the center of attention. If you are thrust into the position of entertaining him, a display of your limited means may win you his sympathy. Any attempt to impress him with your grace and generosity can prove fatal.

In all of these cases it is not a weakness to disguise your strengths if in the end they lead to power. By letting others outshine you, you remain in control, instead of being a victim of their insecurity. This will all come in handy the day you decide to rise above your inferior status. If you can make your master shine even more in the eyes of others, then you are a godsend and you will be instantly promoted.

Avoid outshining the master. All superiority is odious, but the superiority of a subject over his prince is not only stupid, it is fatal.

REVERSAL

You cannot worry about upsetting every person you come across, but you must be selectively cruel. If your superior is a falling star, there is nothing to fear from outshining him. Do not be merciful; your master had no such scruples in his own cold-blooded climb to the top. Gauge his strength. If he is weak, discreetly hasten his downfall: Outdo, outcharm, outsmart him at key moments. If he is very weak and ready to fall, let nature take its course. Do not risk outshining a feeble superior, it might appear cruel or spiteful. But if your master is firm in his position, yet you know yourself to be the more capable, bide your time and be patient. It is the natural course of things that power eventually fades and weakens. Your master will fall someday, and if you play it right, you will outlive and someday outshine him.

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

NEVER OUTSHINE THE MASTER

29 Monday Jan 2024

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“Always make those above you feel comfortably superior. In your desire to please and impress them, do not go too far in displaying your talents or you might accomplish the opposite: inspire fear and insecurity. Make your masters appear more brilliant than they are, and you will attain the heights of power.”

OBSERVANCE OF THE LAW

All masters want to appear more brilliant than other people. They do not care about science or empirical truth or the latest invention; they care about their name and their glory. Instead of insecurity you must give them glory. You shall not challenge their intellectual authority.

KEYS TO POWER

Everyone has insecurities. When you show yourself in the world and display your talents, you naturally stir up all kinds of resentment, envy, and other manifestations of insecurity. This is to be expected. You cannot spend your life worrying about the petty feelings of others. With those above you, however, you must take a different approach: When it comes to power, outshining the master is perhaps the worst mistake of all.

Those who attain high standing in life are like kings and queens: They want to feel secure in their positions, and superior to those around them in intelligence, wit, and charm. It is a deadly but common misperception to believe that by displaying and vaunting your gifts and talents, you are winning the master’s affection. He may feign appreciation, but at his first opportunity he will replace you with someone less intelligent, less attractive, less threatening. He will not admit the truth but will find an excuse to rid himself of your presence. This Law involves two rules that you must realize. First, you can inadvertently outshine a master simply by being yourself. There are masters who are more insecure than others, monstrously insecure; you may naturally outshine them by your charm and grace. The lesson is simple: If you cannot help being charming and superior, you must learn to avoid such monsters of vanity. Either that or find a way to mute your good qualities when in the company of such a person. Second, never imagine that because the master loves you, you can do anything you want. Remember the following: Never take your position for granted and never let any favors you receive go to your head.

Knowing the dangers of outshining your master, you can tum this Law to your advantage. First you must flatter and puff up your master. Overt flattery can be effective but has its limits; it is too direct and obvious and looks bad to other courtiers. Discreet flattery is much more powerful. If you are more intelligent than your master, for example, seem the opposite: Make him appear more intelligent than you. Act naive. Make it seem that you need his expertise. Commit harmless mistakes that will not hurt you in the long run but will give you the chance to ask for his help. Masters adore such requests. A master who cannot bestow on you the gifts of his experience may direct rancor and ill will at you instead.

If your ideas are more creative than your master’s, ascribe them to him, in as public a manner as possible. Make it clear that your advice is merely an echo of his advice.

If you surpass your master in wit, it is okay to play the role of the court jester, but do not make him appear cold and surly by comparison. Tone down your humor if necessary and find ways to make him seem the dispenser of amusement and good cheer. If you are naturally more sociable and generous than your master, be careful not to be the cloud that blocks his radiance from others. He must appear as the sun around which every­ one revolves, radiating power and brilliance, the center of attention. If you are thrust into the position of entertaining him, a display of your limited means may win you his sympathy. Any attempt to impress him with your grace and generosity can prove fatal.

In all of these cases it is not a weakness to disguise your strengths if in the end they lead to power. By letting others outshine you, you remain in control, instead of being a victim of their insecurity. This will all come in handy the day you decide to rise above your inferior status. If you can make your master shine even more in the eyes of others, then you are a godsend and you will be instantly promoted.

Avoid outshining the master. All superiority is odious, but the superiority of a subject over his prince is not only stupid, it is fatal.

REVERSAL

You cannot worry about upsetting every person you come across, but you must be selectively cruel. If your superior is a falling star, there is nothing to fear from outshining him. Do not be merciful; your master had no such scruples in his own cold-blooded climb to the top. Gauge his strength. If he is weak, discreetly hasten his downfall: Outdo, outcharm, outsmart him at key moments. If he is very weak and ready to fall, let nature take its course. Do not risk outshining a feeble superior, it might appear cruel or spiteful. But if your master is firm in his position, yet you know yourself to be the more capable, bide your time and be patient. It is the natural course of things that power eventually fades and weakens. Your master will fall someday, and if you play it right, you will outlive and someday outshine him.

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

BITGET REVIEW 2024

27 Saturday Jan 2024

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Founded in 2018, Bitget is a leading cryptocurrency exchange with various trading products, including copy trading, margin trading, and commission-free spot trading.

You cannot deposit Canadian dollars (CAD) directly, but you can deposit crypto for free, use a third-party bank transfer service or pay with a credit or debit card. Basically, you can but crypto via Canadian crypto exchange and then transfer it to Bitget.

Bitget is a reputable global crypto exchange available in most countries excluding the US, UK, Canada, and sanctioned countries. Bitget is a global exchange catering to skilled users and offers a vast selection of altcoins for Canadian crypto traders. Notably, Bitget stands out with its competitive trading fees of just 0.1%, which can be further reduced by paying with their token BGB.

While deposits in cryptocurrency are free, purchasing crypto with CAD requires a debit card or a third-party bank transfer service like Banxa. For this reason, using Bitget’s P2P marketplace is recommended where you can buy USDT in Canada with Interac e-transfer commission free and use it for trading crypto on the platform.

Compared to Bitbuy, it offers over 1000 cryptocurrency coins, so it is the perfect choice for people who like to invest in altcoins. While its platform is certainly not for beginners, once you get used to the advanced interface, Bitget offers so much that you will probably never look at another exchange again.

Pros: 

  • Good for Canadians looking to buy and trade altcoins
  • Extremely Low trading fees
  • DEX/P2P trading
  • Advanced order types
  • Margin trading
  • Futures trading
  • Stock token trading
  • 1000+ coins
  • Simple or advanced interface

Cons: 

  • Not beginner-friendly
  • No FINTRAC registration in Canada
  • Not available in Alberta

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.

You Need a Fresh start! How to Embrace New Beginnings at Any Age

19 Friday Jan 2024

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January is nearly over, which probably means your New Year’s resolutions are forgotten, or will be soon. Do you need to reset? Are you looking for a big change? Are you looking for a fresh start? We can help! ~ J. Michael Dennis

Having to considering a career change, a business reorganization can feel daunting. It is enough to send you into an existential crisis. But you need to remember that you are never starting from scratch. That is true for career shifts and massive changes to your personal life and even your business venture.

You have been through a lot in your lifetime. You can lean on your years of experience for self-reinvention. And you do not have to seek out a fresh beginning all on your own. It is never too late for new beginnings and here, at JMD Live Online Consulting, we want to help you get started.

Here are our tips on how to start over

With some planning and self-awareness, you absolutely can make significant changes in your life. There is no limit to how much you can grow, learn, and become a better person, start a business or to grow and improve your business performance. Any decade of your life provides an opportunity for self-improvement and growth.

Starting over, rebooting, or reengineering your life will look different, depending on your individual situation. Are you embarking on a new career path, starting a new business, or moving to a new continent? Finding your purpose in life, rebranding yourself or your business is not always easy, and there is no one-size-fits-all approach to starting over.

Here are some general guidelines to consider

You might not have expected to be here, where you are and now. That means you are probably experiencing some unexpected loss. This could be the loss of a loved one, a relationship, or expectancies your plans for the future. Any type of grief is normal, so give yourself the time to feel it. Stop thoughts from swirling in your head by putting them on a page, whether you use a computer or your favorite leather-bound notebook. Through writing, you can gain self-knowledge and a valuable means to process your thoughts.

Avoid falling fall into an endless loop of negative thoughts. Take deep breaths. Give yourself a much-needed moment of reprieve. Do something. Anything! Inertia only sets in when you are feeling down. The smallest activities can boost your mood. Staying active and busy will give you the energy you need to plan for the future.

Remember, you are not alone

Your social health is important to your well-being, and having good friends to support this transition is vital. If you do not already have a trustworthy circle, find new friends through volunteering or attending events in your community. When embarking on a new chapter of your life, take the time to nurture your social connections and maintain a support network. Do not let work take over.

Exercise

Do not forget to keep exercising or start a workout routine. Weightlifting, walking, or other low-impact activities boost your energy and keep your mood up. Taking care of your physical well-being is vital to your overall health.

Get rid of the useless

You have probably accumulated loads of stuff over the years. Get the weight of possessions off your shoulders by getting rid of any items no longer in use. Stay away from the toxic people in your life. Clear your mind of all your negative thoughts and stop all procrastination. Make room for what is to come.

Review your finances

Your financial wellness matters, and you cannot reach a new destination without a road map. Be honest about your financial situation. While reengineering your life or your business, you may need to dive into your finances. Consider taking the following steps:

  • Create a living expenses budget;
  • Factor in how a big change will affect your retirement plan;
  • Read the fine print on your insurance policies, and see how your new situation will affect your healthcare;
  • Set financial goals to save more money.

Plan your final destination and new future

The most important step of your transition is doing some life and/or business planning to better understand your new future. Think about where you are and where you would like to be. Identify the necessary steps to build yourself a better life. Developing healthy habits, like managing new job anxiety with more exercise or finding time to hang out with your family and unwind in your free time, will help you stay on your planned course.

Next, identify your passions, strengths, and weaknesses and how they might fit in a new career or version of yourself. Befriend people doing what you want to do and look for job or business opportunities that match your skills and desired lifestyle.

If you are in your 50s, 60s or even older, forget your age. Age is just a number. You are never too old for a new start. Let go of the fear and anxiety about where you should be and start building the life you want to live. Bask in the challenges ahead because this is what makes life thrilling.

These tips are a lot to chew on. It is okay to ask for help. Seeing yourself through others’ eyes will help you develop greater self-awareness to find the answers you are looking for and take action to meet your goals.

And do not forget, we are here to help.

“I Have No Money”

Much of the above advice still applies if you have little or no money.

The downside is that you might have less time to lose before springing into action. Here are some additional tips if you are in a financially difficult situation and cannot make a quick switch.

If you are still working, keep your job.

If you are not working, find yourself a job, any job!

A paying job that you hate will still give you financial stability. This is what is more important right now. Focus on creating an emergency fund and rainy-day savings while you plot your next move.

Let go of the negative self-talk. If you are without a job, it is tempting to compare yourself to other people your age. Let go of the negative self-talk. Comparison will only lead to a cognitive bias that harms your well-being. Things might be difficult right now, but you still have something few people experience: the chance to reinvent yourself. You have nothing to be ashamed of.

Find your purpose and passion. Reengineer yourself. Think back on the things that felt most meaningful to you. An important step in figuring out how to turn your life around is imagining the person you want to be. Figuring how can you work these things into the next phase of your life and, how can you do that at the lowest cost possible.

Create yourself a “Vision Board” that will help you stay focused on your goals. Make sure all your goal-setting points toward the ultimate one: doing what you love; ending where you want to be.

A Final Word

Maybe are you experiencing a midlife crisis that is putting you in a tailspin, so you want a fresh start. Maybe difficult circumstances put you in this position and you have no other choice. Either way, there are some advantages and disadvantages to seeking out a new beginning.

Seeking out a new beginning allows you to make better choices for your emotional and mental health. You can regain a sense of control over your destiny using your life experiences to your advantage.

On the other hand, especially if you are in a difficult financial situation, seeking out a new beginning may be extremely difficult.

You may have to work harder to keep yourself financially stable and you are running the risk to fall into a poor mental and physical health state. Your stress levels might be elevated due to the change, which can lead to heart disease, high blood pressure, depression, and more.

Whatever your situation or the circumstances, before initiating a starting over, ask yourself:

  • What do I really need to be happy?
  • What is it that I really do not like doing?
  • What is it that I really do not like in my actual situation?
  • What makes me feel free?
  • What are my strengths?
  • What am I passionate about?
  • Am I willing to commit to a new life?
  • How do I imagine my life in a few years?

Answering these questions will clarify your next steps. Knowing what you are passionate about and what industries align with your personal values will help you decide where you should be going or slowly kill yourself doing nothing to change your life.Starting over is an incredibly daunting phase of your life. It is easy to lose faith in yourself when everything is uncertain.

You know what you want! You are no longer comfortable being mediocre! Own your past and create your future.

You need help! Ask for it; most people want to see you succeed, even if it does not always feel like it. There is no shame in asking for help.

Above everything else, remember: “It is never too late to start over.” Besides, no one really starts over; you are forging yourself a new path from where you are today, a path that will allow you, your business to thrive.

Embrace change!

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.

BITGET REVIEW 2024

17 Wednesday Jan 2024

Posted by in General

≈ Leave a comment

Tags

, , , , , , ,

Founded in 2018, Bitget is a leading cryptocurrency exchange with various trading products, including copy trading, margin trading, and commission-free spot trading.

You cannot deposit Canadian dollars (CAD) directly, but you can deposit crypto for free, use a third-party bank transfer service or pay with a credit or debit card. Basically, you can but crypto via Canadian crypto exchange and then transfer it to Bitget.

Bitget is a reputable global crypto exchange available in most countries excluding the US, UK, Canada, and sanctioned countries. Bitget is a global exchange catering to skilled users and offers a vast selection of altcoins for Canadian crypto traders. Notably, Bitget stands out with its competitive trading fees of just 0.1%, which can be further reduced by paying with their token BGB.

While deposits in cryptocurrency are free, purchasing crypto with CAD requires a debit card or a third-party bank transfer service like Banxa. For this reason, using Bitget’s P2P marketplace is recommended where you can buy USDT in Canada with Interac e-transfer commission free and use it for trading crypto on the platform.

Compared to Bitbuy, it offers over 1000 cryptocurrency coins, so it is the perfect choice for people who like to invest in altcoins. While its platform is certainly not for beginners, once you get used to the advanced interface, Bitget offers so much that you will probably never look at another exchange again.

Pros: 

  • Good for Canadians looking to buy and trade altcoins
  • Extremely Low trading fees
  • DEX/P2P trading
  • Advanced order types
  • Margin trading
  • Futures trading
  • Stock token trading
  • 1000+ coins
  • Simple or advanced interface

Cons: 

  • Not beginner-friendly
  • No FINTRAC registration in Canada
  • Not available in Alberta

Michel Ouellette JMD, ll.l., ll.m.

JMD Live Online Subscription link.

J. Michael Dennis, ll.l., ll.m.

Business &Corporate Strategist

Systemic Strategic Planning

Quality Assurance, Occupational Health & Safety, Environmental Protection, Regulatory Compliance, Crisis & Reputation Management

Skype: jmdlive

Email: jmdlive@jmichaeldennis.live

Web: https://www.jmichaeldennis.live

Phone: 24/7 Emergency Access

Available to our clients/business partners

Disclaimer: All write-ups and articles do not constitute financial and legal advice in any way whatsoever but for information purposes only.

When making financial and legal decisions and commitments, we strongly recommend you consult your professional financial and legal services provider. Our website uses referral links to various crypto exchanges as a means of monetization. We appreciate it if you choose to use the in-article links, but the decision is ultimately yours.