CryptoMoms.com Is A Cryptocurrency Learning Center For Mothers Exploring Blockchain Industry
Cryptocurrency thrives for the simple fact that it is completely unregulated, allowing consumers to send, receive, and invest the digital assets anywhere in the entire world. The currency’s transactions are consistently and automatically stored on the blockchain, ensuring that there is a clear path for every single coin used.
There are plenty of different coin options, though the most popular has been Bitcoin in the last few years. One group seems to be seeking a place in the crypto atmosphere, made up of stay-at-home moms that want to bring a little extra funding into their household.
Tiffany Britt started something small as a way to learn more about the cryptocurrency – a post in a Facebook group for parents. She asked if there were any other mothers that wanted to start collaborating their own money to create a small investment in Bitcoin. Britt had already had some success, reaching a profit of $1,000, which is pretty good for someone who is new in the industry. There was a total contribution of $1,400 amongst about 30 mothers who also wanted to get involved with her.
Even for individuals that shy away from investments, the majority of people have at least heard the mention of Bitcoin or cryptocurrency to some capacity. However, the performance and price of the coins have somewhat segregated it to an elite group of business men. In fact, a recent survey discovered that 95% of Bitcoin investors were men. As recently as 2016, a popular Bitcoin site had shown only 1.76% of the participation came from females.
When women are responsible for 80% of household spending in any home, it is important that they are able to make financial decisions that could potentially improve the income of their family. The process is pretty easy, as Britt has learned, but it does take time to learn about the industry to make smart investment decisions, just like the stock market. With computer access, some money, and a license, anyone can get involved at a beginner level.
Along with the Facebook group that Britt started in, there are many different communities online that are helping mothers to learn more about this elusive field. CryptoMoms.com is a perfect example, calling itself a “cryptocurrency learning center” with a “friendly forum.” The starting link gives mothers a quick rundown of the basics of setting up a wallet and making their first Bitcoin purchase.
Arry Yu is also a mom, working as the COO and President of a platform called Storm. With just the knowledge she gathered through personal research, she managed to develop a project that would let users participate in games and other tasks to earn crypto as the reward. Even while taking care of her toddler, she took advantage of the free resources around her. Yu said,
“I took out several audiobooks so whenever I was driving, or my kid was taking a nap, I listened. Every morning, I spend some time doing searches and seeing the latest in the news. When I was learning, I even went on Facebook and asked if anyone was a ‘blockchain genius' and if I could take them out for coffee.”
Still, newcomers need to know one piece of information that even the Bitcoin “experts” will acknowledge – there is still the risk of loss, rather than profit. In fact, Britt’s original $1,400 investment has lost value since the market drop, making it worth only $550 at the moment. She is not discouraged though, because her goal was not to get rich fast or create supplemental income. She said,
“I think the goal was that if [all the moms who invested] had a little bit of skin in the game, we could individually do research and post what we learned in [the group].”
Yu had a similar goal in mind, but she has still managed to make several hundred dollars in profit on the transactions. As she puts it,
“I'm generally doing okay but that's not at all what excites me,” she says. “This is just the beginning of something that's better. That's the exciting part.”