Midlife Croesus | The Original Rockefeller

What Is A Qualified Crypto Custodian?

August 12, 2018August 12, 2018 midlifecroesus

Security risks, hacking and cyber attacks, market volatility and regulatory risk make buying and selling cryptocurrencies stressful to say the least. Perhaps more stressful is the challenge of securely storing crypto assets for safe-keeping… A process known as “crypto custody”. However, online crypto financial services providers, such as Coinbase, Circle and BitGo are starting to offer secure crypto custodian solutions. These cryptocurrency platforms want to be the default partner banking for storing digital assets, such as Bitcoins and new asset backed tokens. The collective aim is to convince institutional “hodlers” to…

Opportunities Abound

August 11, 2018August 12, 2018 midlifecroesus

If only I had invested $10,000 in Amazon in 1999. If only I had held onto that New York apartment in 2002. If only I hadn’t sold that Porsche 912 before the market went crazy in 2006. If only I had read the Bitcoin whitepaper in 2008. If only I didn’t overly focus on my past mistakes, I’d probably see all the opportunities that exist in front of me today.

How to Turn Off Greyed Out Apple Watch Passcode

August 10, 2018August 11, 2018 midlifecroesus

One day my Apple Watch passcode suddenly started showing up and locking on me when I was not wearing it… Passcode lock came on even while it was charging over night… Then, even after I was wearing it I continued seeing a blue padlock at the top… When I tried to access my apps by pushing the digital crown it still asked me for a passcode. It was annoying to say the least. First world problems, I know… But it had never done this before. So I was curious as to…

In Defense of Nuance…

August 9, 2018August 10, 2018 midlifecroesus

Have you been outside the filter bubble lately? Probably not. It’s not all your fault, though. Indeed, it seems as though the number of places where one may engage in a reasonable discussion with a stranger about controversial topics and possibly learn something new is becoming smaller and smaller… Have a unique perspective? Maybe you should dial it back a little first. After all… You may find yourself outlawed. Landmines are everywhere. Nuance is seen as a sign of weakness…. So, what do you do when you have thoughts that are…

Scarcity Isn’t Enough

August 8, 2018August 9, 2018 midlifecroesus

We don’t value three leaf clovers because they’re everywhere. But according to superstition, if you find a four leaf clover it will bring you good luck. Maybe you’re in luck because four leaf clovers are so scarce… Indeed, the chances of finding a four leaf clover are around 5000 to 1. However, five leaf clovers are more scarce… If you found a five leaf clover you should be even more proud because the chances of finding a five leaf clover are around 1 in 25,000! But even though the five…

Is There Such A Thing As A Crypto P/E Ratio?

August 7, 2018 midlifecroesus

While it is in theory possible for cryptocurrencies, such as smart contracts, to have earnings, none do as of yet. As such, there is no equivalent “P/E ratio” for cryptocurrencies, such as Bitcoin. The P/E ratio sheds a light on how bullish investors are about a stock. This is because P/E ratio indicates how many dollars an investor is willing to pay today for $1.00 of annual earnings per share of a company in the future. P/E ratio can be calculated by dividing the price of a share of stock…

What is a Good P/E Ratio for a Stock?

August 6, 2018August 6, 2018 midlifecroesus

The price to earnings ratio, or P/E ratio, is a common valuation method for determining whether a stock is overvalued or undervalued. Price to earnings ratio indicates the amount of money per share an investor is willing to pay today for a dollar of future earnings. For instance, if Amazon was selling for $18.00 per share today and the company had $1.00 of earnings per share over the prior year, it would be trading at a P/E of 18. This means an investor would be willing to pay 18 x…

What is 0.001 Bitcoin Called?

August 5, 2018August 5, 2018 midlifecroesus

Let’s say you have 0.00929204 Litecoin and you want to convert it to 0.000099 Bitcoin. Unfortunately, it seems to be hard to do this for free. If you use Coinbase, you convert Litecoin to Bitcoin but only if you log into Coinbase, then switch over to Coinbase Pro and transfer your Litecoin to Bitcoin. But there seems to be a minimum purchase of Bitcoin on Coinbase Pro in the amount of 0.001 Bitcoin. So you might have to buy more Litecoin then convert it all to Bitcoin, which seems like a…

4 Stock Investing Factors to Consider

August 4, 2018August 9, 2018 midlifecroesus

When considering stocks to invest in, there are four “back of the envelope” factors that can signal a possible investment opportunity… Recent Emotional Pullback or Market Overreaction The Price/Earnings Ratio A Reasonable Dividend Long Term Market Trends and Potential On their own, any one of these four factors may not be compelling enough to make you want to invest in a stock… But a stock that has all of these factors happening together may warrant a second look. Marijuana Stock Investing Analysis Example One example of a company that has…

Crypto “Community”… A Veiled Term for Bureaucracy?

August 3, 2018August 4, 2018 midlifecroesus

//RANT// The term “community” is tossed around in cryptocurrency and token discussions constantly. Community references “social benefits” harkening a better world where somehow a hybrid social capitalism run by smart contracts takes over. In other words, Utopia. Give me a break. “Community” is really just a veiled term for what it really is… Bureaucracy. People trying to exert control anyway they can to further their own personal agenda. Whatever that hidden personal agenda may be, it ultimately leads to a desire to make money from crypto. So please. Just say…