Wednesday 20 December 2017

(Post 4/Week 3)zero dollar business:Carousell and crytocurrency

Hi guys,this week I will talking about one of the zero dollar business(okay,business sound too flashy,erm..side income?):carousell

So how to carousell?(I am not affiliated to carousell in any ways,btw)

Step 1)Create an account on carousell

Step 2)Rammage your room for unwanted item

Step 3)take picture of the item

Step 4)Post picture on carousell

Simple isn't it?All you really need is things to sell and a working phone and off you go!

Often times,if you google for zero dollar business or how to make extra money chances are that you will encounter the suggestion of selling your unwanted stuff online.And...people reaction to it will be"hey,that's a good suggestion and went back to looking for other suggestion or doing other things"

What's really stopping people from doing things or making extra money is that one word

And the one word is....


People would always come up with a ton of reason like"I'm tired,I will do it tomorrow or I will do it later etc"

Of course,I am also one of them.we all are.But lately,I am working hard to fix that bad habit by having the mindset of "doing today,not tomorrow".

And starting with writing this blogpost/carouselling is the first step.

Anyway on to crytocurrency...

I have decided to finally enter the cryptocurrency battlefield.I know that I had say before that I am not about to jump into cryptocurrency(read here) but I decided to look up into it,at least...

And to do that I need to armed myself with some weapon and armour(in this case,knowledge) and hence this mean,researching time!Here is a compilation of my "research" result this week on crytocurrency wallet

1.Crytocurrency wallet

Research link

*Keynotes to takeaway from the redearch link above

1.Crytocurrencies on the blockchain are store in a "wallet",which are simply an address on the blockchain

2.Each wallet has a public address and a private address

Public address:The address that people send funds to

Private address:The "password" that you use to access and send your funds

Do not expose your private key until you are ready to spend your fund otherwise you wil probably lose all the money in your wallet!

3.Different types of wallet

Online wallet:The easiest and the least secure way to store your money.Not a good long term storage solution but it is fine for buying things and funding your trading account.Exchanges like coinbase also have their wallet built in.

Mobile wallet:Basically you download a mobile apps and store the bitcoin in it.It is more secure than online wallet but your phone may be prone to hacking and breaking

Desktop wallet:Similar to mobile wallet but on computers

Hardware device wallet:Hardware device(think of it as a thumb drive with solar panel on it's sides built especially for storing crytocurrency keys but can still be damage.

Paper wallet:It mean storing your private key on paper and the most    hacker proof e.g keeping it in a safety deposit box.Do use a waterproof paper(not sure about laminating it though)

Will continue to compile more of my research next week...(busy week coming up!)

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