We’re trying out a new feature here on the site: today we’re running a Q&A with one of the folks we’ve come to know over the past few weeks, Travis McGarrah, whose Twitter handle is @MakeBitGrow. We met Travis online when we were both lamenting the demise of Bithaul.
In this interview, we’re letting Travis share AFFILIATE LINKS and we’ll be sure to mark those as obviously as we can.
Q: What got you into the Bitcoin and cryptocurrency world?
A: I am new to the crypto world. I started researching it this past August, even though I first heard about Bitcoin first back in 2012 or 2013. At that time, I had no idea what it was and today I am kicking myself for not researching and investing back then.
After researching Bitcoin, I decided I need to jump in. In my mind, Bitcoin and cryptocurrency as a whole is the way of the future. If you know about globalization and understand that the world is getting smaller and smaller every day, you start to understand the need for decentralized currency. In a world where people so freely travel from country to country and commerce is more of a global concept, we need to be able to transfer money from person to person without needing a middle man to exchange fiat currency.
When I came to this realization, I decided to learn as much as I can about the industry.
I work a normal 9-to-5 job, so I don’t have a lot of free time to trade. That is why I got so interested in the various lending platforms out there (most notably Bitconnect and Chain.Group) (NOTE: BITCONNECT AFFILIATE LINK is METACOIN’S, CHAIN.GROUP IS TRAVIS’S.) These programs allow me the chance to passively gain income while still working my 9-to-5.
Q: What has been your most successful trade so far?
A: Being new to crypto and not really trading, my best success has been buying into the ICO for Electroneum (ETN). The just went live on Cryptopia last week. (NOTE: The Cryptopia link is to their referral program; however, we have yet to witness any actual results from their referral program.)
During the ICO, I spent $250 and bought 27,500 ETN. That means I paid roughly $0.009 per ETN. As of 11/6/2017 each ETN is valued at $0.05. On that ICO, I have 5.5x’d my investment. I will speak on Electroneum in a later question.
Q: What has been your biggest trading or investing failure?
A: As I previously stated, I am a fan of the programs that allow me to make money passively. Back in the middle of September there was a website called Aurum Bank that was promising huge growth – we are talking 17% per day – compounding over 15 business days. I invested $1,300 with hopes of making large profits in a short time.
The money never got paid and the website went belly-up. In the matter of 3 weeks, I lost $1300. When you lose $1,300, you tend to get very emotional and start doing ridiculous things. So, without regard to logic, I took another $1,500 and put the money in another website named HourPay.net. They are still operating, but they closed my account and took the money.
This means over the course of 22 days, I lost almost $3,000. That was a gut check and it made me take a step back and evaluate the other programs that I was using at the time. Then I decided to only roll with 3 programs (Bitconnect, Chain.Group, and BitPetite). Since the reevaluation, BitPetite has disappeared, but I was lucky enough to break even on that investment.
Q: That’s a nice segue into Passive Income Platforms – Bitconnect and the like – you and I both met when trying to get to the bottom of the Bithaul scam. Which ones are you currently using?
A: Currently, I am in BitConnect and Chain.Group. From my experience, they are both geared to be around for the long haul. And I recently started using a website called Hexabot, (TRAVIS’S AFFILIATE LINK) which is a new program, but they give you .0001 BTC to start and they have a faucet built into the website. So, you can start using the website at no cost.
Q: Have you done any mining? Any success?
A: I have only spent a little bit on Genesis Mining. I spent about $110 on Ethereum mining and Monero mining. When I get more capital, I would love to put more money into mining. I think there is money to be made there, but you should have a lot of money to invest otherwise you don’t make much. With the $110 I spent, I make about $0.09 per day, which really isn’t anything.
NOTE: Here’s the METACOIN AFFILIATE CODE for GENESIS: waVTYG – use it here: Genesis Mining.
Q: What up-and-coming, under-the-radar, or forgotten coin are you a big fan of?
A: ELECTRONEUM!!! All the way, this is the coin that I am most excited about. I previously spoke on this coin, but I think there is a great chance for it to make waves in the cryptocurrency world.
I consider myself to possess above-average intelligence and able to grasp difficult concepts easily. But most of the world can’t grasp new concepts, like cryptocurrency, quickly. What ETN is doing is making cryptocurrency more understandable and accessible by 2 main ways.
- Moving the decimal of cryptocurrency 6 places to the right. Most of the world operates in a way that 2 decimals make way more sense than 8 decimals. This is going to allow more people to understand how cryptocurrency can be used in mainstream ways. To this day, I still struggle thinking in 8 decimals.
- Allowing ETN mining through an app or normal CPU capabilities. When people think of mining they think about antminers or these super computers with powerful abilities. Electroneum is working to release an app that will allow anyone with a smartphone to mine their coins passively. This will allow people that may not every be able to access cryptocurrency the ability to mine and earn money.
Electroneum just got listed on Cryptopia, but they haven’t released their ICO tokens to the investors. They only tokens available are from people that have mined them. I firmly feel that Electroneum is gearing up to be a game changer. Keep an eye out for it!
Q: Where do you see the Bitcoin price on New Year’s Day, 2018?
A: Selfishly, I want the price to have a dip after the Segwit2x split. But realistically, I see BTC being in the $8,500 – $9,000 price range. The price for Bitcoin will continually increase as people find more needs for cryptocurrency and blockchain technology.
Here’s what Travis looks like; feel free to follow him on Twitter for more insights. He’s one of the good guys…
One last note – be sure to get your POW Tokens while you still can. Free Airdrop. Use this link: POW TOKENS. We get a bonus if you use that link – but you can get bonuses for referring folks, too. Sometime on November 7, they’re doing a Twitter airdrop. You’ll want to follow them and be at the ready.
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