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1. Protect yourself from scammers

Before you even think about buying cryptocurrencies, understand that it is the Wild West out here. Cryptocurrencies are not insured or regulated. There are no rules in the digital asset universe and beginners are at the highest risk of losing all their money.

This could be an article in itself but the best way to protect yourself from scammers is to think logically. Educate yourself on how to buy, store, and protect your crypto. When you are interacting with digital assets, be skeptical and triple-check everything.

If it sounds too good to be true, it probably is.

Have strong passwords…

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Thanks for tuning in to the third edition of tracking my spending habits! You can read about my second month here.


  • Work: $5,131.48
  • Side Hustles: $1,107.79
  • IRS: $94.00
  • Interest: $0.19

Total: $6,333.46

April was one of those rare months where I received three paychecks. This gave me a nice little boost to my earnings.

I had a great month for my side hustles, finally passing the $1,000 mark!

My state tax refund came in as well.


  • Rent: $954.25
  • Travel & Vacation: $693.89
  • Healthcare: $575.09
  • Home: $426.09
  • Entertainment: $324.74
  • Groceries: $285.34
  • Restaurants: $97.89
  • Transportation: $67.28
  • Bars: $44.47
  • Subscriptions: $41.40
  • Utilities: $37.71
  • Clothing: $22.05

Source: CNN

Bitcoin has one feature that no other cryptocurrency has: it is the first. First-mover advantage is perhaps the strongest feature of Bitcoin as it has gained a substantial market share and brand recognition.

But Bitcoin bears are quick to compare Bitcoin’s first-mover advantage to Myspace, the first social media platform. Even though it was the first, it became obsolete due to Facebook's better product.

Will another cryptocurrency surpass Bitcoin?

First-Mover Advantage

It’s called first-mover advantage for a reason. Because it is an advantage.

There are a couple of first-movers that failed, like Myspace and Yahoo.

But there are even more first-movers that…

Photo by Clint Patterson on Unsplash

Turkey’s Lira, the country's currency, is suffering from a 16% annual inflation rate. Their central bank has had leadership turnover and their economy has yet to recover to pre-pandemic levels. As a result, many Turkish citizens have ditched the Lira in favor of Bitcoin to store their wealth and process payments. That is until Turkey banned crypto payments in the country.

But that isn't even the biggest story in Turkey. Thodex, a cryptocurrency exchange based in Turkey, has gone dark. The company’s CEO and Founder, Faruk Fatih Ozer, has reportedly fled to Albania with $2 Billion of investors funds with…

Photo by Ishan @seefromthesky on Unsplash

“The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. Borrowers may be eligible for PPP loan forgiveness” (U.S. Small Business Administration).

At first glance, the PPP loan seems like a great idea. We want small businesses to stay in business and we don’t want unemployment levels to rise.

But as we dig deeper into the specifics and repercussions of the loan, we start to understand how this loan will and already has crippled the young people of America, while making the rich even richer.

Who Qualifies For The Loan?

Thanks for tuning in to the second edition of tracking my spending habits! You can read about my first month here.


  • Work: $3,436.77
  • Side Hustles: $774.20
  • IRS: $4,915.00
  • Interest: $0.11
  • Total: $9,126.08

What a month.

I hope every college kid does their taxes because I received nearly $5,000 in tax refunds and stimulus. Based on my 2020 tax return I was now eligible for all of the previous stimulus payments. Christmas came early!

My side hustles continue to be a success. The majority of this revenue is from poker and house/dog sitting.


  • Rent: $954.25
  • Utilities: $112.35
  • Home: $594.90
  • Groceries: $274.13

IG: @amandangocnguyen

“Where are you from?”

Here. I was born in Chicago.

“No, but where are you actually from?”

Every Asian goes through this exact conversation. More so when you’re a kid, but I still have the occasional person asking where I’m really from every once in a while.

If you want to know my ethnicity, that’s a different conversation.

No, I’m not Chinese, or Korean, or Japanese. I am Hmong, my family has roots in Laos and Thailand. I’m proud to be Hmong, and I’m always happy to talk more about my family’s history. …

Photo by Aron Visuals on Unsplash

This past year was tough.

There’s no way to describe how different things are one year after coronavirus plagued the world. I doubt we will ever see that life again.

But despite all the bad, I’m using this opportunity to reflect. This past year I graduated college, started a job, and most importantly, had time to think. I’ve learned so much about myself, things I never would have learned had I continued to live the same way as before. This lockdown allowed me to focus on myself and help me develop into the person I want to be.

It’s Okay to Be Alone

I used…

Photo by Executium on Unsplash

“Let’s discuss the environmental cost of bitcoin. Because despite all the push for sustainable and green investment in the tech sector, there’s a giant smoldering Chernobyl sitting at the heart of Silicon Valley which a lot of investors would prefer you remain quiet about.” (Stephen Diehl)

After the recent headlines from CNBC, BBC, and multiple other news sources bringing attention to the energy consumption and carbon footprint of Bitcoin mining, I decided to explore this topic on my own and separate fact from fiction.

I’d like to point out that the cryptocurrency industry is still in its infancy and it…

Photo by Sharon McCutcheon on Unsplash

I guess I’m officially an adult now. I’ve graduated college and am living on my own, trying to find my place in this strange world.

It’s a liberating feeling, but with this freedom comes a lot of responsibility. So last month I decided to start tracking my bank account activity on the app Copilot. I figured it was about time to prioritize my spending habits and better understand where my money is coming from and where it is going.

For some context, I am a single 23-year-old living in a studio apartment in Chicago. …

Ceejay Xiong

23 year old graduate, entrepreneur, investor, crypto

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