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Bitcoin: Is It REALLY Worth the Coin?

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Today as I was scrolling down my newsfeed, I noticed everyone talking about Bitcoin because of rumors that emerged of South Korea’s government wanting to ban it in their country. This got me thinking..what do people actually know about Bitcoin? Are they just investing because social media is telling them to? When making financial decisions it’s important to do your own research first..what may work for someone else may not work for you.

 

Let’s make this easy..what is Bitcoin?

Bitcoin is an encryption key, kept in the ledger of a trader. Confusing right? It’s pretty much the Internet’s version of money, hence the name crypto-currency. They can be cashed out through a broker or buyer, and can even be used to make purchases online (from merchants who accept it).

Why can Bitcoin be a good thing? Well…

  1. It’s POPPIN’: Serious investors are making serious coin off of Bitcoin, especially those who purchased in the earlier years. Financial experts say those who entered into Bitcoin between 2010-11 could be millionaires today. The government or banks aren’t controlling Bitcoin which also puts people at ease.
  2. You’re a Secret: Because Bitcoin is cryptographically secure it allows your information to be invisible. When transactions are finalized they are available for everyone to see but whe nit comes to your personal information, it’s hidden due to the block chain.
  3. No Frauds: It is said that Bitcoin reduces the risk of fraud because you are sending exactly what you want to send instead of giving a company or person access to ALL of your funds, whereas with debit and credit cards we give them access to everything we have in our account. You also have the ability to send and receive money anywhere in the world..whenever you feel like it.
  4. Cut It: There are usually no transactions fees from the network itself. Most of the fees are paid using new Bitcoins that have been issued however, third parties may charge a small fee.

 

 

With the good always comes the bad. Here are a few cons of using Bitcoin:

  1. It’s FAKE: By fake, I simply mean it really doesn’t exist. It’s nothing you can feel, smell, or hold in your hand. It’s actually a math algorithm..if you’re one of those people who live by math and trust the numbers, this could work for you.
  2. Unstable: When it falls down who you gonna call now? Bitcoin prices change daily because digital currency is effected by events that happen in the world. Normal currencies increase or decrease in small increments, but Bitcoin jumps a lot quicker.
  3. Still New: When a new iPhone comes out, most of us like to wait to purchase it so the “kinks” can be worked out first. Well, the same goes for Bitcoin. Because it’s still fairly new there’s still work to be done before it reaches it’s peak. Furthermore, many people have their own preconceived notions and don’t really understand how it works.

There’s the good, the bad, and the ugly. Bitcoin is becoming more popular by the day, so it’s important for us to at least understand the basics. I hope I was able to help..will you be using Bitcoin?

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Advice

John Gray, We Are not Raising Men

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While looking through Twitter today, I came across an excerpt of Pastor John Gray on Sister Circle. What I saw disappointed me. A choir of sisters sat beside him advocating for women sidelining themselves to raise adult males. I was tight. Speaking about his wife, Aventer, Pastor John Gray said:

She’s a covering not a lid because if a man marries a lid she’ll stop your dream. But if you marry a covering, she’ll push you to your destiny.

To that, I say men who believe this are lids.

Not Your Mama, #NotYourMule

Women are burdened with confining gender roles that minimize the freedom women have in an oppressive patriarchal world. We are seen as lovers, maidens, mothers, queens, huntresses, sages, and mystics. Women are expected to be therapists, expert chefs, maids, and submissive to their significant others, at least in heteronormative relationships. We are expected to stay youthful, speak little, spend nothing, and be grateful for the opportunity. Not only are women subjugated to lives of servitude at their own expense, its due to the emotional immaturity of their spouses.

Men are particularly guilty of exploiting the maternal strengths many women possess. This notion that “a woman will inspire me to be my best self” is pure narcissism. Stringing women along with “I know I’m not perfect” or “I’ll make it one day” is manipulation. Judith Orloff, author of ‘The Empath’s Survival Guide’, says:

What narcissists see in empaths is a giving, loving person who is going to try and be devoted to you and love you and listen to you. But unfortunately empaths are attracted to narcissists, because at first this is about a false self. Narcissists present a false self, where they can seem charming and intelligent, and even giving, until you don’t do things their way, and then they get cold, withholding, and punishing.”

“I had to grow into her”

Empathetic people are patient to a fault and believe they can fix people with compassion. As John continued, he mentioned the pain he caused his wife because of his failure to heal himself.

My wife has endured more pain birthing me than both of our children. She has sacrificed these past 8 years, uncovering the painful areas of my manhood and covering the areas that could have exposed me.

That’s not her job! Toxic masculinity and the rejection of feminine energy has convinced men that they can wait until they’re in a relationship to deal with their baggage. While we frequently refer to this as a woman raising a man, its actually trauma bonding. Trauma bonding is when a victim and an abuser form a connection that makes it impossible to leave the relationship, no matter how much damage it’s doing. Much like the relationship between Michelle and Chad, these bonds are formed by the tactics narcissists use.

In situations like these, you just have to be prepared to say those people aren’t healthy for you. Let them go.

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Y’all Weren’t Going to Tell Me My Baby Was Ugly?

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After 28 hours of labor and an extra week of pregnancy, I was exhausted. That extra week messed up all of my plans! Having a natural birth didn’t happen. My husband had to leave in less than 24 hours after I gave birth for work. My sisters that came to help, had to go home. Not to mention the lack of breastmilk for the first 48 hours. The only help I had was from my 60-year-old father-in-law who hasn’t dealt with babies in over 25 years. Moments like this made me wish my mother was still alive. The stress of the situation didn’t really give me a chance to embrace my baby and motherhood. I looked at my son, but I didn’t really look at my son.

When I finally got a moment to soak in motherhood and embrace my baby, I thought something was wrong. Why does he look so old? I read overdue babies sometimes look a little wrinkly, but this was looking a little extreme. I could have sworn I saw a 5 o’clock shadow. I started to wonder if the Curious Case of Benjamin Button was happening to my child… Read the full blog at SimplyLizLove.com

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Yes, Check On Your “Strong Friend,” But First, Have You Checked In With Yourself?

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With the passing of celebrity fashion designer, Kate Spade, the dialogue around mental health and suicide prevention has re-surfaced. Also, it’s been a popular posting among social media groups and an overall cultural push in asking, “Have you checked on your strong friend? “I too believe it is important to reach out to those who would not traditionally appear to have struggled with mental health; Yet, I have a more pressing question to ask, have you checked on yourself? Too often, we become busy and caught up in everything around us and forget to take care of our own needs until we feel stressed and overwhelmed by the hustle and bustle of the world we live in.

According to the Center for Disease Control and Prevention (2010), suicide was the 16th leading cause of death for blacks of all ages and the third leading cause of death for black males ages 15–24. Additionally, although research indicates that suicidal behaviors occur at a lower rate than their high school counterparts, attempts at suicide among black high school students is increasing at an alarming rate.

According to the Center for Disease Control and Prevention (2010), suicide was the 16th leading cause of death for blacks of all ages and the third leading cause of death for black males ages 15–24. Click To Tweet

For many, especially within the black community, misunderstand the importance of mental health. Thus, many members of the black community are reluctant to discuss mental health out of cultural conditioning, shame, and stigma regarding the signs and symptoms as less critical than they really are.

Checking on friends and on those who are close to us is all fine and dandy, however, before you can be there for someone else you need to take care of yourself. And remember, it’s not selfish or crime to ask what you need, you just have to be aware of what your own needs are.

Now, don’t get me wrong, as humans we long for the connection and empathy from others, but before we can make sure we truly support others with their struggles, we need to make sure we are there for ourselves. So, I ask you, when is the last time you took time out for yourself? When was the last time that you honestly took care of your needs, not just physical, but emotional as well? When was the last time you intentionally engaged in self-care?

              

 

Let’s end the stigma and continue to have these courageous conversations. No one is exempt, anyone could struggle with mental health.

If you or someone you know is in crisis, there are options available to help you cope 1-800-273-8255. You can call the Lifeline at any time to speak to someone and get support. The Lifeline provides 24/7, free and confidential support for people in distress, prevention and crisis resources for you or your loved ones, and best practices for professionals.

As always, bring your ideas and thoughts, let’s have a civil conversation. I would love to hear your thoughts. Emphasis on “civil,” because the block game is S T R O N G. Find me Instagram and Twitter @TheCarterReport, as well as [email protected] I am always interested in hearing about what you all what to hear about.

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