Why Bitcoin?
Hmmm, well...why not?! Everytime I introduce the bitcoin technology to family, friends, and colleagues. I get the "why". It's the new digital money that's coming up through the internet.
I invest in Bitcoin because it is easy to use and it's value is higher than any fiat currency in the world. It's easy to send Bitcoin to my wife or children from my digital wallet to theirs.
The fees are incredibly low unlike Western Union, Paypal, Pinoy Express, or bank wire. I'm able to send small amounts of US dollars in Bitcoin and not pay extravagant fees. You can't send $3 USD on Western Union without paying the $6 or higher fee. It's not worth the trouble if the fee is higher than the small amount your sending. Then the Philippine government will want their tax on my money that I send my wife. So I'm getting hit with a user fee on the sending side, and a tax on the receiver side.
What's the difference with investing in just buying Bitcoin and Bitcoin mining?
Well, you can invest in Bitcoin by exchanging it with your fiat currency. Let's say you want to exchange $3,500 USD to Bitcoin. With today's rate at 1 Bitcoin to $667.74 (Coinbase). You'll get 5.2494 BTC in exchange. If you just invested that dollars to bitcoin. Then that's what you'll have. You're bitcoin value will fluctuate in your digital wallet with the US dollar. Like stocks...the value goes up or down depending on the market.
Now if you invest in mining bitcoins through a mining pool with BitClub Network (BCN). You first have to become a member. The only way to do that, is to get sponsored by a member of BCN. You can't just go to the website and apply to be a member. There is an affordable membership fee of $99 USD. You cannot pay in fiat currency. You will have to pay for your membership and mining pool shares with Bitcoin.
A $3,500 USD investment will allow you to become a Founder with the company. You'll be able to invest into 3 mining pools of different values for 600 days on each mining contract share.
How do I change fiat currency to bitcoin?
Okay, you'll need a digital wallet. There are hundreds of digital wallets out there. Here are some of the ones that I use:
Get the wallet for your region or country. For Guam and USA, you can use Circle or Coinbase. I use both. But now I prefer Circle. It's more user friendly and not a "Know Your Customer" platform. While Coinbase is a KYC. When I'm in the Philippines, I use my Coins PH wallet. It's the BEST wallet out there. My wife uses her Coins PH wallet to pay most of our bills from the comfort of our home. Which saves us travel funds.
Now that you've chosen your digital wallet. Start using it by syncing the wallet to your checking account or your debit card. Never use your bank savings account to sync to your digital wallet. Once you're able to sync your wallet. Buy bitcoin using your checking account or debit card. For some new users to the digital wallet, you'll be limited for a time until you are verified by the exchange that manages your wallet. Your limits will go up depending on the usage and level of verification. Don't stress over it. Just buy Bitcoin based on what you're comfortable in purchasing with your fiat currency. Note: You'll want to pad or add to your buying bitcoin due to the bank's conversion fee and then the digital wallets transfer fee. Go ahead and make your first Bitcoin purchase.
Now you'll have to decide if your just going to buy bitcoins and hold it. Or, if you're going to mine bitcoins and let it ride.
Let's go with the 10 year plan for both option scenarios.
Initial Purchase Option 1:
If you just buy $3,500 USD in Bitcoins. Your exchange will be 5.2494 BTC for your investment at today's rate of $667.74 USD.
Bitcoin experts say that Bitcoin will be $10,000 USD within the next 10 years. That's very conservative. So in 10 years time, your investment will become $52,494. You didn't do anything but held on to your initial purchase of 5.2494 BTC.
Mining Option 2:
Let's say with the mining option, you decided to accept my invitation to join BitClub Network. You paid for one time membership fee of $99 USD and invested $3,500 USD into the Founder package. Which gets you 3 mining pools for 600 days of mining.
(I'm going to use my own experiences here: Since July 2015...I've earned 5 Bitcoin for 1 year).
So in 10 years, just using the 5 BTC/1 Year. You earned 50 BTC from your mining investment. Again, if we use what the industry experts say bitcoin will be worth in value within the next 10 years at $10,000 USD. You're 50 BTC will be worth $500,000 USD. That's still very conservative.
So now that you've seen both options 1 and 2. Which investment do you feel comfortable in getting started?
The above averages and formula was based on my own experiences with my 3 mining pools, sharing the investment with 4 people and earning percentages from their initial shares and repurchases. There are other market factors involved that will fluctuate the value of BTC. Your individual investment and future market, mining, and arbitrage factors will determine your BTC earnings and value. There is no guarantee that the above example will happen to you.
Final Thought:
I enjoy my investment with Bitclub Network for the following reasons:
- One time membership fee of $99 USD.
- No Annual dues.
- No Back Office fees.
- No Monthly Autoship.
- No Attrition.
- Affordable investments into the 3 mining pools, Arbitrage, and Merchant Services Platforms.
We're not just a mining company anymore.
If you have any questions on how to get started. Please do not hesitate to ask me.
ESTA...Keep Smiling :)
Well, it's that time of the year again. Both parties are trying to shore up their bases. National and local committees sending out flyers, emails, and their representatives on the "Get out and vote", but to please vote for our candidate(s) campaign.
Since 1986 when I turned 18 years old, I've been a Republican Conservative. Yeah, I voted for "Mauleg" back then. Going against my family who are die hard Democrats was not easy. The sunshine did not shine on me at a young adult age. I've always stayed the course voting conservative every election year. Whether it be 2 or 4 year election cycles. I've never missed a vote. When I couldn't make it to the polls. I voted either Absentee or Early Voting. I'm glad we have those opportunities here on the island.
However, I walked away from the Republican Party after the 2012 Election Year. The values have changed both in the local and national parties. There are to many RINO's that don't support the party platform. Fighting amongst the membership, even though the Republicans won both chambers in 2008, caused the party to lose the House in 2012. There were just to many compromises.
The local and national Republican parties are weak and divided. They've turned their cheeks to many times. To scared to stand up against political correctness or alleged racist allegations. As soon as a liberal cries racist...conservatives go running. They don't want to stand and fight. Standing up for the law is racist. Might as well get rid of all laws then, if you don't have the spine to back up law abiding citizens.
Even now, today, the republicans are still fighting each other. Conservatives against conservatives. Trump against Never Trump. It's really entertaining watching from the outside in, the party I left 4 years ago. Still don't have their Shit together. For the record, I was leaning towards Dr. Ben Carson. Unfortunately, he and his campaign were not strong enough to stay in the primaries. I did not like what Mr. Ted Cruz did sending out information that Dr. Carson dropped out of the race. That is a low blow if I ever saw one. Only a snake would stoop that low.
I learned at a young age that all you have is your word and your name. Your word is your word. How you stand on your word affects your name. When candidates whether local or national either verbally or in writing commit that they will support the party's nominee or winning candidates. Then they should damn well do so. When state delegates try to renege, on the people's choice during the primary, at the national convention. You're a snake. To claim that, "I'll vote my conscience" is nothing more than a cop out. You're a damn coward. Just like a little kid playing ball with his friends and because he is losing mid game. He quits and takes his ball home. The people made their choice for their respective parties. They'll make the choice again at the General Election for one of the 3 candidates.
My democrat friends and family are probably enjoying this post. Don't get me started on the Democratic Party and their damn super delegates. Your candidates can't stand for the peoples choice so you allow them to cheat by creating super delegates in the party to insure they'll win at your national convention. You all are just as divided as the republicans. Nothing more than a party with double standards.
I was asked last weekend at a bbq birthday gathering, what party I'm with and who I am supporting. I told my primo that I'm neither a member of the democrat nor republican party. There is a wide field with the local candidates in both parties, some new candidates with a whole bunch of incumbents. Being in business in the construction industry, I'm not stupid to say who I'm voting for. This is a small island and many of the candidates take it personally when you don't vote for them. To do so publicly would be cutting my own throat later, for the future. Of all the candidates that are running for political office...I've only met with seven of them or their close representatives.
Since residents of Guam cannot vote for president of the U.S.A., even though we are US Citizens. I'm not really concerned about who is running in the presidential race. But if we did have the vote...I'll be looking closely at both Gary Johnson and Donald Trump. It's a lot more entertaining watching the two parties bash each other on the internet.
ESTA...Keep Smiling :)
Since leaving the hospital almost 3 months ago, I've been busy mentally. It is really different trying to think up things to do to keep myself busy within the parameters setup by the cardiology staff at the hospital. Talk about challenges to try to do things easier and better.
Since I've been out. There are a lot of questions to what happened. I had a cardiac arrest. No, it was not because I am obese. Yeah, I like certain foods. So what. Weeks earlier, I had just passed my annual physical evaluation with the VA Clinic.
Just to clarify, so that we're all on the same page. I had received an electrical shock while troubleshooting a water heater that had shorted out due to rainwater seeping into the electronic control system. Being an electrician since I was in high school. Getting a shock was part of the job.
I've been bitten by, "Sparky" so many times. Yes, I gave electricity a pet name. It keeps me focused when I work with Sparky. And yes, I do talk to Sparky when I am working energized.
However, that evening, I was barefooted, and the back porch was wet. When I went to shut off the disconnect switch to the water heater. Because it wasn't working correctly. It wasn't that big of a jolt. But it was a 220 VAC and Sparky did bite me for a couple of seconds.
The next day, I felt like I was coming down with the flu. I thought nothing of it. Actually, the flu was going around back then. The next couple of days, I started feeling weaker. Breathing was getting harder...but I kept pushing on. Then the bloating started. But it wasn't bad, yet. I went to the clinic and got treated for asthma and flu symptoms.
Things just went downhill slowly...then rapidly. I started getting sleepy when I was driving. The toro pulled me off my feet when I tried to move him to his new grazing area. I woke up hours later still in the Back Ranch when it started raining. I bloated up soon after, so bad, I couldn't wear my boots or fit into my clothes. My legs started sweating profusely. That weekend I started coughing up fluids.
On Tuesday April 5th, I went into the Emergency Room at Guam Regional Medical Center complaining of chest pains and breathing difficulty. ER doc asked how long was I feeling like this. I told him...3 weeks. I got lectured by the doc for not coming in sooner. I was told I had a cardiac attack and acute pneumonia.
I was treated and admitted. First thing was to get rid of the water retention. That was my first introduction to the foley catheter (hate that thing!). Received morphine (really good drug!).
Spent a couple of days in ER waiting for a bed to get vacant. At least, I was not in the hallway at the other hospital. Day 4, I was taken to the 4th floor, Room 448. Really nice room. Staff was really nice in both departments. Woke up to a nice view.
The next week was routine, day and night. Since my pulse rate dropped to below 100 bpm, I was discharged on Saturday April 16th. My return home was short-lived due to missed meds. And, I returned the very next day, on Sunday, due to another heart attack. Many of the doctors were surprised that I was even discharged due to my heart condition.
I was back on the pills again and reintroduced to the foley (still hate that thing!). Stayed in ER for 4 days, went up to the 4th floor again. This time to Room 444. Told doc I wasn't leaving until I'm 100% better.
Went through the Cardioversion the next Friday. Woke up during the procedure only to get knocked out again. Woke up again during recovery. The rest of the day, and Saturday, I was just out of it. I didn't want to eat, missed all my meals...didn't drink water. I just wanted to sleep. But all the sticking and probing just irritated me.
I was discharged the next day on Sunday April 24th feeling a lot better. First place to visit was Ben and Yan's Filipino Restaurant in Harmon. I was craving for Seafood Paella, Lechon Kawali, and Pinakbet. I also drank lots of water. Yes, I'm aguaguat, that way.
You guys got it.
ESTA...Keep Smiling :)
Note: I wrote this in June. Sorry, only getting around to it now to edit and publish.
Yesterday, I received my doctors' okay to do aerobic exercises, go back to work, slowly get active again...nothing strenuous. I'm limited to 5 to 10 lbs lifting. I gave doc that funny look. What you talking about only 5 or 10 lbs? Doc explained that although my heart was getting stronger. I need to do it slowly.
My stress, test in June, was good. That evaluation results was what I was waiting for. It was an okay exam. Only drawback to it...was I didn't like being in that machine. I was feeling claustrophobic. I had to revert to my breathing and meditation exercises to get through it.
My sleep test wasn't good. I have to redo the sleep evaluation process. I told my VA doc that was about the time, weeks, before I was hospitalized. She said, all the reason to go back and redo it. So I'm going to make arrangements to redo it again this week. While I'm currently free to do it. Before I start to get busy again.
It looks like I'll be heading back to the gym again. I can do my walking in my Back Ranch. I'm still only allowed to do 30 minutes and slowly increase to 60 minutes. But I'm now allowed to increase my heart pulse over 100 bpm but SLOWLY, as per doc's orders. I'm not allowed to do any anaerobic exercises...YET. This is for the next 6 months with a re-evaluation with my primary doc in 3 months..around November.
I'll still be taking my meds for the next 6 months. I'm glad two of the seven have changed. One, the Bumetanide, was twice a day. That is now to be taken once a day, but if I feel bloating to take it twice a day until bloating subsides. The second med is the Amiodarone went from twice a day to once a day, as well. I'll be slowly weaned off that med after the 6 months evaluation.
I'll be able to do any aerobic exercises...primarily walking. When I was told I can do water aerobics. I asked about swimming, fishing, spearfishing, and diving. Doc said that I'll be able to do all that EXCEPT diving and Scuba diving. I had to clarify the diving...it's "no platform diving". So I asked about free diving (snorkel, mask, fins, and sling) basically spearfishing. I had to describe the differences between spearfishing and snorkeling. Doc thought walking the reef and spearing fish. Told doc, that's not how we spearfish on Guam or at least, not me. Since I explained it to well...He limited me to no more than 10 feet depth. 10 FEET! The bigger fish are deeper than that. I have to learn to keep my mouth shut when talking to the docs! Stop volunteering information.
I knew I was going to get cleared. But I did not know the extent of what they'll let me do. The greatest news was that I'm now able to fly...to get on the plane and go see my family. I was elated when I heard that. I'M NOW ABLE TO TRAVEL! WOOOHOOO!!!
So I'm sitting here...writing this post (Yeah, I know 1st blog in along time)...looking at my laptop...browsing the internet. My daily activity after I do my walking and taking my morning meds. Not always in that order. I've been doing this since I got out of the hospital in April.
Now that I'm cleared. I'm trying to figure out...what I'm going to do.
Esta...KEEP SMILING :)
