Proper and safe use of any staking wallet.

With the ongoing scams, ICO investments that may or may not be legitimate, you need to understand more than ever that you are solely responsible for your money. It is far better and profitable to mine your own crypto currency, and stake your own coins to gather interest. This is not only the far best way, but it shows SELF-RESPONSIBILITY.

Just a few little security items that need to be addressed when downloading a staking wallet.

First, after a few days when the wallet is completely synced to the network, be sure to encrypt the wallet with a password. 

 

 

Write it down somewhere where you will know where it is in the event that you need it. The wallet will automatically shut down and you will need to restart it. Once the wallet restarts you will need to open it back up, remember a staking wallet will need to be UNLOCKED for staking only. You can do this in the settings tab where you encrypted it.

Second, you will need to back up your wallet. You can either use the backup in the settings of your wallet, or go to your Appdata\Roaming section and copy the wallet.dat file to a flash drive. Your choice.

 

 

In either case you will need to keep this file off the computer and in a secure location, so you will not loose your coins. The reason you do this as soon as you encrypt it is you now have a fresh, un- tampered file that in the event of a computer crash, or some idiot hacks you, your fresh file can be used to restore the coins on another computer at anytime.

Hope this article helped you realize the facts of Self-Ownership of Crypto Currency. While the majority invest, which is not what Bitcoin and others was truly meant to be, the smart ones declare self ownership by mining, and staking(Minting).

Do Not Listen To False Information

There are certain fools telling you not to exchange your Bitcoins, but to hold onto them until 2020. That is the most illogical statement one could come up with. For 1 There are no guarantees that you will live until 2020. That being most important would be a way to ignore such nonsense. Secondly, The way Bitcoin keeps earning it's value is to mine and use them. Constantly trading for other Alt coins in the exchange is what keeps the trade value up. If you do some thinking you will see that only a fool would hold onto them. You need to mine and use them all the time.

If you have one Bitcoin and put it in a staking wallet it has more of a potential to double. If you set aside a staking wallet just for savings and place 1 bitcoin into it, guess what? By 2020 you may have enough interest that would land your 1 bitcoin to be 10 or more bitcoins. There is no logical reason for holding onto them. To keep the trade value up it must be exchanged everyday.

Cryptocurrency Knowledge base.

             Today we are going to explore the fundamental flaw in people's thinking when it comes to living on cryptocurrency. What the frame of mind should be is when it is staking in the wallet your paid, and if you do not need it leave it in the wallet to keep gathering interest.

                 Let us think about how illogical it is to just place your bitcoin on your debit card every two weeks or every month,if you are lacking in pool mining. So you have your bitcoins on your card, they are not gathering interest, they are not working for you and you are in the same boat as if you were given a paycheck. This is the flaw with working. Not only has science proven that people that work an eight hour day is unhealthy, but the money is in your face and you spend it.

             Do you not remember the intelligent quote, “ The major reason why the middle class and poor struggle is they buy luxuries first, where the rich by needs first and luxuries last.”

            Now let us analyze the right strategy. After your coins that are mined are payed to your wallet, you need to determine which staking coin is a more stable coin with good stake. Then you trade your coins you have mined to that coin and send it to that wallet and let the coins stake.

                    What you need to do is always leave your coins in the wallet, and only withdraw what you need at a time, which will leave the rest to continue earning stake/interest. By doing this always you will see

that it is much easier to earn a good living, rather than the old way which forces you to basically exchange all your hard earn money to give it right back to the criminal bankers. You now have the opportunity to keep money in your Bank. The Bank of you. You are the Bank. You have control.

Now that you see you have control, why not use self-control and leave what you do not need in a staking wallet to earn interest. The stake is really better than a savings account, and you will never be charged an inactivity fee. Now is the time to understand this a little more. Time to really be in control. This was basic knowledge base, and now it is up to you to determine your life.

UNDERSTANDING THE CRYPTO WEALTH.

There are too many platforms available today, where you can make a good living on crypto currency. The truth is, you have to be smart about it. For so long, and even today, there are so many scammers on the Internet trying to get you to send them Bitcoin, and they will provide nothing to you. Some sites have the picture of Anonymous on them, when in actuality, The real Anonymous stands for freedom, and will not ask you to do anything, because they are not a personal army and they have plenty of their own.

In earlier posts I have stated that Bitcoin was the gamers currency. Let us truly break it down. In the game Warcraft: Orcs and Humans, you start off with one peasant. If you do all the mining and all the tree chopping with the one peasant, it will not only take forever, but you run the risk of the enemy finding you and destroying your entire base.

So the Goal was to train multiple peasants in order to mine more gold faster which provides the multiple streams of income for your base, and to chop down multiple resources of lumber which will allow you to build your base faster.

The same is true in crypto currency. You must find the best resources for the mining hardware you have. I use Antminer S3,s, because despite the morons out there, they are the only Miners I know of that have the ability to mine on multiple pools at the same time which doubles the Satoshi earnings.

Using a multi algo pool is the best bet for several reasons:

1. The pool itself will automatically pick the most profitable coin at any given second.
2. You do not have to mine Bitcoin with the difficulty, they usually allow you to be paid in
3. Litecoin, or any other coin they support
4. You can use Antminers and GPU cards to assist which delivers maximum efficiency.

 There are a few others, but you will have to discover them for yourself. You must understand, depending on your personal Hardware, Internet provider, and system You will have to use the most profitable for you.

Now let us go into what you need to do when your coins hit your wallet. I use my android because I can shape-shift to whatever coin I need to stake. Since some of the exchanges have decided to stop using Litecoin as a trading pair, I can use any coin as a trading pair, so long as the Shape-shift has that coin on it. In other words I can shape-shift Dash to Potcoin, Or Dash to Reddcoin, or even Litecoin to Reddcoin. It is all easy and I can send it directly to my staking wallet where I continue to add Satoshi in the staking process.

 If you remember, The goal is NEVER to compare to US Dollars, because the Dollar is Fake and has absolutely no value. You must understand the strategy of simply adding up Satoshi

This way the coins you mined will continue to add up Satoshi and it provides you with the steady income. Please remember, Each wallet that stakes is based on a percentage of the actual coin, The US DOLLAR DOES NOT EXIST. We will only use these figures as an example because they are easier to calculate: So if you have a 10% staking wallet, which gives you a 10% stake on the coins in your wallet and you have 33,500 coins That gives you a daily stake of 3350 coins. Think of it this way if the alt coin staking is worth only .02 then your daily stake in dollars is $67.00. You have to forget the dollar and add up the Satoshi. Because after all, That is the name of the game.