Hello friends! Welcome back to another edition. Sorry for my absence the last two weeks. I have been busy trying to make 3 YouTube videos a week on top of 5 Tik Tok videos a week and it has been an undertaking that has been taking more time than I initially thought.
The WeBull Trading App is offering 4 Free Stocks valued anywhere from $8 - $1,600 when you open an account and deposit $100 - the promotion ends November 30th. Their usual offer is 1 Free Stock so this is pretty ridiculous. Even if you got the lowest amount of value from the stocks, essentially you’re getting back 25-32% back on your $100. That’s some pretty high ROI. If you Use my referral link to claim your stocks, I also get a stock! So thank you…
In the News
A NYC Couple got their $4,000-a-month rent reduced during the pandemic - here’s how they did it.
The quarantine time recommended by the CDC may be shrinking soon from 14-days to 7-10 days.
Slack stock up 15%+ on report that Salesforce has held talks to buy it.
What is Bitcoin?
In today’s YouTube video, I talk about Bitcoin and the recent price surge. But to first understand if we should invest in Bitcoin, we need to understand What is Bitcoin? A lot of people still do not understand it fully - so here’s a simple explanation:
Simply put, it's a decentralized digital currency that runs on a network. But what does that mean?
Before Bitcoin, the only way to actually transfer money digitally was through a bank. Think of a transfer method like PayPal or Venmo, or Zelle - which is an online banking service that lets you transfer money from one person to another.
Well in all of those transactions, you need a financial institution that acts a middleman to validate the transaction.
Let’s say you pay your friend Jeff $100 on Zelle, Jeff's bank is going to credit him $100, and then take the $100 from your bank account, and the banks talk to each other behind the scenes.
You need this intermediary. In the past - it was the banks:
With Bitcoin, there is no intermediary. Every Bitcoin transaction is checked and validated by the entire Bitcoin network. So when you send $100 to Jeff, that's going to be of public record and validated by everyone else on the network.
Since there is no single point of failure, the system is impossible to shut down, manipulate, or control - which is the benefit of Bitcoin.
WFH Station of the Week
“Working from home with my best buddy”. From Reddit User Valtorance.
Latest Video - What is Bitcoin? Should You Invest? (9:02)
A follow up of the above. If you’d like to watch it in its entirety. Drop a like ;)
Happy Thanksgiving all, see you next week.
- Humphrey